Introduction

Staking LimeWire can be a great option for those who want to hold LMWR but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain LimeWire (LMWR) Tokens

   In order to stake LimeWire, you need to have it. To obtain LimeWire, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	LimeWire (LMWR)	0.09
   Kraken	LimeWire (LMWR)	0.08
   BingX	LimeWire (LMWR)	0.1
   Bitget	LimeWire (LMWR)	0.08
   Bitmart	LimeWire (LMWR)	0.08
   Bitpanda	LimeWire (LMWR)	0.2

   See all 27 prices

2. 2. Choose a LimeWire Wallet

   Once you have LMWR, you'll need to choose a LimeWire wallet to store your tokens. Here are some good options.

3. 3. Delegate Your LMWR

   We recommend using a staking pool when staking LMWR. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LMWR, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

   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 LimeWire network. You'll be rewarded with LMWR for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.