How to Stake Moonriver (MOVR) in the UK

Introduction

Staking Moonriver can be an excellent option for those who wish to hold MOVR 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 Moonriver (MOVR) Tokens

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

   Platform	Coin	Price
   Binance	Moonriver (MOVR)	5.78
   Kraken	Moonriver (MOVR)	5.76
   OKX	Moonriver (MOVR)	6.45
   Uphold	Moonriver (MOVR)	6.57
   BingX	Moonriver (MOVR)	5.78
   Bitget	Moonriver (MOVR)	5.78

   View all 60 prices

2. 2. Choose a Moonriver Wallet

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

   Platform	Coin	Staking rewards
   Binance	Moonriver (MOVR)	Up to 2.9% AER

   View all 5 staking rewards

3. 3. Delegate Your MOVR

   We recommend using a staking pool when staking MOVR. It's simpler and quicker 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 will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Moonriver network. You will be rewarded with MOVR 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.