How to Buy Magma Staked Monad Crypto (GMONAD)

What is Magma Staked Monad (GMONAD)?

According to Coingecko, Magma Staked Monad is : Magma is a DAO-owned Liquid Staking platform for Monad. gMONAD is a derivative of MONAD that is staked on Magma, allowing users to stake their MONAD tokens and retain their liquidity. gMONAD holders will be able to tap into the liquidity of their MONAD tokens, and use gMONAD for DeFi activities on Monad. gMONAD can be used as collateral across dAPPS within the Monad ecosystem to buy, sell, trade, lend and borrow.

Where can I buy GMONAD Crypto?

The best website to buy Magma Staked Monad is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy Magma Staked Monad on Simpleswap

To buy Magma Staked Monad on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select GMONAD, just like in this example:

Once you selected the currency you want to pay in, and GMONAD, you need to paste your respective wallet address where you want to receive your GMONAD.

With Simpleswap, you'll receive your Magma Staked Monad directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Please make sure you read our Disclaimer. We are not financial advisors.