How to Stake Polygon (MATIC): A Step-by-Step Guide for UAE Investors

Introduction

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.

Step-by-Step Guide for UAE Residents

1. Acquire Polygon (MATIC) Tokens
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
View all 24 prices
2. Select a Polygon Wallet
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
Explore all 17 staking rewards available in the UAE market.
3. Delegate Your MATIC in the UAE
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.
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 Polygon network. For these validations, you will be rewarded with MATIC.

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

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

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.