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

Introduction

Staking Polygon can be a great option for those who want to hold MATIC but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Polygon (MATIC) Tokens
In order to stake Polygon, you need to have it. To obtain Polygon, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Kraken Polygon (MATIC) 0.3
Coinbase Polygon (MATIC) 0.3
Luno Polygon (MATIC) 0.6
Blockchain.com Polygon (MATIC) 1
See all 22 prices
2. Choose a Polygon Wallet
Once you have MATIC, you’ll need to choose a Polygon wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
MyCointainer Polygon (MATIC) Up to 4.65 APY
Kucoin Polygon (MATIC) Up to 3.5 APY
Gemini Polygon (MATIC) Up to 2.81 APY
Exodus Polygon (MATIC) Up to 5.21 APY
See all 17 staking rewards
3. Delegate Your MATIC
We recommend using a staking pool when staking MATIC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MATIC, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Polygon network. You’ll be rewarded with MATIC for these validations.

Platform	Coin	Price
Kraken	Polygon (MATIC)	0.3
Coinbase	Polygon (MATIC)	0.3
Luno	Polygon (MATIC)	0.6
Blockchain.com	Polygon (MATIC)	1

Platform	Coin	Staking rewards
MyCointainer	Polygon (MATIC)	Up to 4.65 APY
Kucoin	Polygon (MATIC)	Up to 3.5 APY
Gemini	Polygon (MATIC)	Up to 2.81 APY
Exodus	Polygon (MATIC)	Up to 5.21 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

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, MyCointainer offers avenues to do so securely and efficiently}

Market cap: $864.06M
24h volume: $12.19M
Circulating supply: 1.92B MATIC

See latest information

Frequently Asked Questions About Staking Polygon (MATIC)

What is Polygon (MATIC) staking?: Polygon (MATIC) staking involves locking your MATIC tokens in a wallet to support network operations like validating transactions, which can earn you rewards. It is important to stay informed about staking terms and conditions, which are available on platforms like Bitcompare.
How can I earn rewards from staking MATIC?: By staking MATIC tokens, you help secure the network and are rewarded in return. The reward rate can vary, so monitoring real-time rates and updates on Bitcompare is crucial. This helps ensure you're making decisions based on the latest information.
When are staking rewards distributed?: Staking rewards distribution can vary depending on the platform used. To stay updated on distribution schedules, regularly check the latest news and updates provided by tools like real-time price comparisons and email alerts on Bitcompare.
What are the risks associated with MATIC staking?: While staking can be rewarding, there are risks like potential value loss and network vulnerabilities. To better understand these risks, refer to detailed insights, including sentiment analysis and security updates, available on Bitcompare, ensuring informed decision-making.
Can I unstake my MATIC tokens anytime?: Unstaking policies and lock-in periods can vary across platforms. Use Bitcompare to frequently check staking terms from reputable exchanges, helping you plan and manage your staking strategy effectively by staying informed on the latest terms.
Where can I compare staking rates for MATIC?: Platforms like Bitcompare offer real-time rates from various exchanges, helping you find the best staking opportunities. Stay ahead by bookmarking the page and regularly checking for updates, maximizing your potential rewards based on the current market rates.
How do I stay updated on Polygon news and events?: To stay informed about Polygon (MATIC), use resources like Bitcompare, which offers the latest news and events. Regularly checking these updates ensures you're always updated on trends that could impact your staking rewards and overall strategy.