Where & how to stake Moonbeam (GLMR)

Introduction

Staking Moonbeam can be a great option for those who want to hold GLMR 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

1. 1. Obtain Moonbeam (GLMR) tokens

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

   Platform	Coin	Price
   Bitpanda	Moonbeam (GLMR)	$0.15
   Uphold	Moonbeam (GLMR)	$0.1772
   Kraken	Moonbeam (GLMR)	$0.149
   OKX	Moonbeam (GLMR)	$0.1487
   Binance	Moonbeam (GLMR)	$0.15
   BTSE	Moonbeam (GLMR)	$0.1485

   See all 14 prices

2. 2. Choose a Moonbeam wallet

   Once you have GLMR, you’ll need to choose a Moonbeam wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitpanda	Moonbeam (GLMR)	Up to 5% APY
   Binance	Moonbeam (GLMR)	Up to 7.1% APY
   Kucoin	Moonbeam (GLMR)	Up to 6% APY
   MyCointainer	Moonbeam (GLMR)	Up to 9.12% APY

   See all 5 staking rewards

3. 3. Delegate your GLMR

   We recommend using a staking pool when staking GLMR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their GLMR, 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 Moonbeam network. You’ll be rewarded with GLMR 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.