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 overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Moonbeam (GLMR) Tokens

   To stake Moonbeam, you first need to acquire it. To obtain Moonbeam, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	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

   View all 39 prices

2. 2. Select a Moonbeam Wallet

   Once you have GLMR, you'll need to choose a Moonbeam wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   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

3. 3. Delegate Your GLMR

   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, which increases their chances of validating transactions and earning rewards. You can manage 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 Moonbeam network. You'll be rewarded with GLMR for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.