How to Stake Moonbeam (GLMR) for optimal returns

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 overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Moonbeam (GLMR) Tokens

   To stake Moonbeam, you first need to acquire it. To obtain Moonbeam, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   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 recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Binance	Moonbeam (GLMR)	Up to 7.1% APY
   Bitpanda	Moonbeam (GLMR)	Up to 5% APY
   BTSE	Moonbeam (GLMR)	Up to 2.4% APY

   Check out all 9 staking rewards available.

3. 3. Delegate Your GLMR in South Korea

   We recommend using a staking pool when staking GLMR. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their GLMR, increasing their chances of validating transactions and earning rewards. You can easily manage 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

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.