Where & 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 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 Moonriver (MOVR) tokens

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

   Platform	Coin	Price
   Bitpanda	Moonriver (MOVR)	$8.65
   Uphold	Moonriver (MOVR)	$10.47
   Kraken	Moonriver (MOVR)	$8.52
   OKX	Moonriver (MOVR)	$8.6
   Binance	Moonriver (MOVR)	$8.67
   BingX	Moonriver (MOVR)	$8.6

   See all 12 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 good options.

   Platform	Coin	Staking rewards
   Binance	Moonriver (MOVR)	Up to 2.9% APY
   Kucoin	Moonriver (MOVR)	Up to 4.5% APY
   MyCointainer	Moonriver (MOVR)	Up to 7.8% APY

3. 3. Delegate your MOVR

   We recommend using a staking pool when staking MOVR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MOVR, 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 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 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.