How to Stake Moonbeam (GLMR) for better returns

Introduction

Staking Moonbeam can be an excellent choice for individuals looking to hold GLMR while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Moonbeam (GLMR) Tokens

   To stake Moonbeam, you first need to acquire it. To obtain Moonbeam, you can purchase it from these well-known exchanges.

   Platform	Coin	Price
   Binance	Moonbeam (GLMR)	0.02 APY
   BTSE	Moonbeam (GLMR)	0.02 APY
   Kraken	Moonbeam (GLMR)	0.02 APY
   OKX	Moonbeam (GLMR)	0.09 APY
   Uphold	Moonbeam (GLMR)	0.08 APY
   BingX	Moonbeam (GLMR)	0.02 APY

   View all 39 prices

2. 2. Select a Moonbeam Wallet for Your Needs

   Once you have GLMR, you'll need to select a Moonbeam wallet to securely store your tokens. Here are some excellent options to consider.

   Platform	Coin	Staking returns
   Binance	Moonbeam (GLMR)	Up to 7.1% APY
   Bitpanda	Moonbeam (GLMR)	Up to 5% APY
   BTSE	Moonbeam (GLMR)	Up to 2.4% APY

   View all 9 staking rewards available

3. 3. Delegate Your GLMR for Enhanced Returns

   We recommend utilizing a staking pool when staking GLMR. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their GLMR, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Moonbeam network. For these validations, you will be rewarded with GLMR.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.