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 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 Moonriver (MOVR) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Moonriver (MOVR)	2,49 APY
   Kraken	Moonriver (MOVR)	2,49 APY
   OKX	Moonriver (MOVR)	6,45 APY
   Uphold	Moonriver (MOVR)	6,57 APY
   BingX	Moonriver (MOVR)	2,49 APY
   Bitget	Moonriver (MOVR)	2,5 APY

   Check out 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 excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Moonriver (MOVR)	Up to 12,9% APY

   Discover all 5 staking rewards available to you

3. 3. Delegate Your MOVR

   We recommend using a staking pool when staking MOVR. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their MOVR, 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 Moonriver network. For these validations, you'll receive rewards in MOVR.

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.