How to Stake Moonbeam (GLMR)

Introduction

Staking Moonbeam can be an excellent choice for those looking to hold GLMR while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Moonbeam (GLMR) Tokens

   To stake Moonbeam, you must first acquire it. To obtain Moonbeam, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   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

   Check out all 39 prices

2. 2. Select a Moonbeam Wallet

   Once you have GLMR, you'll need to select a Moonbeam wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Moonbeam (GLMR)	Up to 7,1% APY
   Bitpanda	Moonbeam (GLMR)	Up to 5% APY
   BTSE	Moonbeam (GLMR)	Up to 2,4% APY

   Discover all 9 staking rewards available to you

3. 3. Delegate Your GLMR

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

4. 4. Begin the Validation Process

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Moonbeam network. For these validations, you'll receive rewards in GLMR.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.