How to Stake Moonbeam (GLMR)

Introduction

Staking Moonbeam can be an excellent choice for those looking to hold GLMR while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Moonbeam (GLMR) Tokens

   To stake Moonbeam, you first need to acquire it. To obtain Moonbeam, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	Moonbeam (GLMR)	0.08 APY
   BTSE	Moonbeam (GLMR)	0.08 APY
   Kraken	Moonbeam (GLMR)	0.08 APY
   OKX	Moonbeam (GLMR)	0.09 APY
   Uphold	Moonbeam (GLMR)	0.08 APY
   BingX	Moonbeam (GLMR)	0.08 APY

   See all 39 prices in Uganda

2. 2. Select a Moonbeam Wallet

   Once you have GLMR, you'll need to select a Moonbeam wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Binance	Moonbeam (GLMR)	Up to 7.1% APY
   Bitpanda	Moonbeam (GLMR)	Up to 5% APY
   BTSE	Moonbeam (GLMR)	Up to 2.4% APY

   View all 9 staking rewards available.

3. 3. Delegate Your GLMR

   We recommend using a staking pool when staking GLMR. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their GLMR, which increases their chances of validating transactions and earning rewards. You can manage 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 Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.