How to Stake POL (ex-MATIC) (POL) in the UAE

Introduction

Staking POL (ex-MATIC) can be an excellent choice for individuals in the UAE looking to hold POL while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire POL (ex-MATIC) (POL) Tokens

   To stake POL (ex-MATIC), you first need to acquire it. To obtain POL (ex-MATIC), you will need to purchase it from one of the popular exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Nexo	POL (ex-MATIC) (POL)	0.11
   PrimeXBT	POL (ex-MATIC) (POL)	0.11
   YouHodler	POL (ex-MATIC) (POL)	0.11
   Binance	POL (ex-MATIC) (POL)	0.11
   BTSE	POL (ex-MATIC) (POL)	0.11
   Coinbase	POL (ex-MATIC) (POL)	0.11

   View all 63 prices

2. 2. Select a POL (ex-MATIC) Wallet

   Once you have POL, you'll need to select a POL (ex-MATIC) wallet to securely store your tokens. Here are some excellent options available in the UAE market.

   Platform	Cryptocurrency	Staking rewards in the UAE
   Uphold	POL (ex-MATIC) (POL)	Up to 3.2% APY
   Bake	POL (ex-MATIC) (POL)	Up to 4.5% APY
   Binance	POL (ex-MATIC) (POL)	Up to 2.24% APY
   Bitget	POL (ex-MATIC) (POL)	Up to 4% APY

   Explore all 18 staking rewards available in the UAE market.

3. 3. Delegate Your POL in the UAE

   We recommend utilizing a staking pool when staking POL. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their POL, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the POL (ex-MATIC) network. For these validations, you will be rewarded with POL.

What to Consider in the UAE Market

In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.