How to Stake Moonriver (MOVR) in Canada

Introduction to Cryptocurrency in Canada

Staking Moonriver can be an excellent choice for Canadians looking to hold MOVR while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire Moonriver (MOVR) Tokens in Canada

   To stake Moonriver, you first need to acquire it. To obtain Moonriver, you'll need to purchase it from one of these popular Canadian exchanges.

   Platform	Coin	Cost
   Binance	Moonriver (MOVR)	5.72
   Kraken	Moonriver (MOVR)	5.73
   OKX	Moonriver (MOVR)	6.45
   Uphold	Moonriver (MOVR)	6.57
   BingX	Moonriver (MOVR)	5.73
   Bitget	Moonriver (MOVR)	5.73

   See all 60 prices in Canada

2. 2. Select a Moonriver Wallet in Canada

   Once you have MOVR, you'll need to choose a Moonriver wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   Binance	Moonriver (MOVR)	Up to 2.9% APY in Canada

   See all 5 staking rewards in Canada

3. 3. Delegate Your MOVR in Canada

   We recommend using a staking pool when staking MOVR. It's simpler and faster to get started. A staking pool is a group of validators who combine their MOVR, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Moonriver network. You'll be rewarded with MOVR for these validations.

What Canadians Should Be Aware Of

In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.