How to Stake Moonbeam (GLMR) in India

Introduction

Staking Moonbeam can be an excellent choice for those looking to hold GLMR while earning returns 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 Indian Investors

1. 1. Acquire Moonbeam (GLMR) Tokens in India

   To stake Moonbeam, you first need to acquire it. To obtain Moonbeam, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   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

   See all 39 rates

2. 2. Choose a Moonbeam Wallet in India

   Once you have GLMR, you'll need to choose a Moonbeam wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   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 in India

3. 3. Delegate Your GLMR in India

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

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.