Where and How to Stake Moonriver (MOVR)

Introduction

Staking Moonriver can be a great option for those who want to hold MOVR but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, 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 Moonriver (MOVR) Tokens

   To stake Moonriver, you need to have it. To get Moonriver, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Moonriver (MOVR)	6,54
   Kraken	Moonriver (MOVR)	6,55
   OKX	Moonriver (MOVR)	6,45
   Binance	Moonriver (MOVR)	6,54
   MEXC Global	Moonriver (MOVR)	6,53
   Bitget	Moonriver (MOVR)	6,53

   See all 60 prices

2. 2. Choose a Moonriver Wallet

   Once you have MOVR, you’ll need to choose a Moonriver wallet to store your tokens. Here are some lekker options.

   Platform	Coin	Staking rewards
   MyCointainer	Moonriver (MOVR)	Up to 7,8% APY
   Kucoin	Moonriver (MOVR)	Up to 4,5% APY
   Binance	Moonriver (MOVR)	Up to 2,9% APY

   See all 5 staking rewards

3. 3. Delegate Your MOVR

   We recommend using a staking pool when staking MOVR. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their MOVR, which gives them a better 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 Moonriver network. You'll be rewarded with MOVR for these validations.

What to be Aware of

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