How to Stake Moonriver (MOVR)

Introduction

Staking Moonriver can be an excellent choice for those 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-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Moonriver (MOVR) Tokens

   To stake Moonriver, you first need to acquire it. To obtain Moonriver, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Binance	Moonriver (MOVR)	2,5 APY
   Kraken	Moonriver (MOVR)	2,52 APY
   OKX	Moonriver (MOVR)	6,45 APY
   Uphold	Moonriver (MOVR)	6,57 APY
   BingX	Moonriver (MOVR)	2,5 APY
   Bitget	Moonriver (MOVR)	2,5 APY

   View all 60 prices

2. 2. Select a Moonriver Wallet

   Once you have MOVR, you'll need to select a Moonriver wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Binance	Moonriver (MOVR)	Up to 12,9 % APY

   Discover all 5 staking rewards available

3. 3. Delegate Your MOVR

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

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.