How to Stake Moonriver (MOVR): A Step-by-Step Guide for South Africans

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 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. Acquire Moonriver (MOVR) Tokens
To stake Moonriver, you first need to acquire it. To obtain Moonriver, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
Binance Moonriver (MOVR) 2,49
Kraken Moonriver (MOVR) 2,49
OKX Moonriver (MOVR) 6,45
Uphold Moonriver (MOVR) 6,57
BingX Moonriver (MOVR) 2,5
Bitget Moonriver (MOVR) 2,5
View all 60 prices
2. Select a Moonriver Wallet
Once you have MOVR, you'll need to choose a Moonriver wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
Binance Moonriver (MOVR) Up to 12,9% APY
View all 5 staking rewards available
3. Delegate Your MOVR
We recommend using a staking pool when staking MOVR. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their MOVR, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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.

Platform	Mint	Cost
Binance	Moonriver (MOVR)	2,49
Kraken	Moonriver (MOVR)	2,49
OKX	Moonriver (MOVR)	6,45
Uphold	Moonriver (MOVR)	6,57
BingX	Moonriver (MOVR)	2,5
Bitget	Moonriver (MOVR)	2,5

Platform	Mint	Staking rewards in South Africa
Binance	Moonriver (MOVR)	Up to 12,9% APY

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.