How to Stake Moonbeam (GLMR) in the UK

Introduction

Staking Moonbeam can be an excellent option for those who wish to hold GLMR while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Moonbeam (GLMR) Tokens

   To stake Moonbeam, you need to possess it. To obtain Moonbeam, you'll need to purchase it. You can choose from these popular exchanges.

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

   View all 39 prices

2. 2. Choose a Moonbeam Wallet

   Once you have GLMR, you'll need to choose a Moonbeam wallet to store your tokens. Here are some suitable options.

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

   View all 9 staking rewards

3. 3. Delegate Your GLMR

   We recommend using a staking pool when staking GLMR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their GLMR, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Moonbeam network. You will be rewarded with GLMR for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.