Earn up to
3.73% APY in the UAE.
An in-depth guide on how to stake Polygon (MATIC) in the UAE
We have extensive information on staking Polygon (MATIC), and we are pleased to share some of these insights with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
Polygon (MATIC) is currently priced at $5.21 with a 24-hour trading volume of $12.19M. The market cap of Polygon stands at $864.06M, with 1.92B MATIC in circulation. For those looking to buy or trade Polygon, Ankr offers avenues to do so securely and efficiently
Staking Polygon can be an excellent choice for individuals in the UAE looking to hold MATIC 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.
To stake Polygon, you first need to acquire it. To obtain Polygon, you will need to purchase it from one of the popular exchanges available in the UAE.
| Platform | Cryptocurrency | Price |
|---|---|---|
| Binance | Polygon (MATIC) | 0.38 |
| Coinbase | Polygon (MATIC) | 0.2 |
| Kraken | Polygon (MATIC) | 0.23 |
| Luno | Polygon (MATIC) | 0.6 |
| Bake | Polygon (MATIC) | 0.24 |
Once you have MATIC, you'll need to select a Polygon wallet to securely store your tokens. Here are some excellent options available in the UAE market.
| Platform | Cryptocurrency | Staking rewards in the UAE |
|---|---|---|
| Ankr | Polygon (MATIC) | Up to 2.78% APY |
| Atomic Wallet | Polygon (MATIC) | Up to 4.2% APY |
| Bitpanda | Polygon (MATIC) | Up to 5% APY |
We recommend utilizing a staking pool when staking MATIC. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their MATIC, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Polygon network. For these validations, you will be rewarded with MATIC.
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.
MATIC
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
