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. 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.
View all 63 pricesPlatform 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 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.
Explore all 18 staking rewards 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 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. 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.
Recent Developments
missing en-ae translation: common.latest-movements-copy
- Market capitalization
- $3.79B
- 24-hour trading volume
- $100.97M
- Circulating supply
- 8.41B POL
