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. 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.
See all 12 pricesPlatform 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 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. 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. 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.
Latest movements
Moonriver (MOVR) is currently priced at $8.6 with a 24-hour trading volume of $3.65M. In the last 24 hours, Moonriver has seen an increase of 0.06%. The market cap of Moonriver stands at 78.23M, with $9.10M MOVR in circulation. For those looking to buy or trade Moonriver, reputable platforms like Bitpanda, OKX and BingX offer avenues to do so securely and efficiently.
- Market cap
- $78.23M
- 24h Volume
- $3.65M
- Circulating supply
- $9.10M