How to Stake POL (ex-MATIC) (POL) in Australia

Introduction

Staking POL (ex-MATIC) can be a great option for those who want to hold POL while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

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

   To stake POL (ex-MATIC), you need to own it. To obtain POL (ex-MATIC), you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   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

   See all 63 prices

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

   Once you have POL, you'll need to choose a POL (ex-MATIC) wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Uphold	POL (ex-MATIC) (POL)	Up to 3.2% % p.a.
   Bake	POL (ex-MATIC) (POL)	Up to 4.5% % p.a.
   Binance	POL (ex-MATIC) (POL)	Up to 2.24% % p.a.
   Bitget	POL (ex-MATIC) (POL)	Up to 4% % p.a.

   View all 18 staking rewards

3. 3. Delegate Your POL

   We recommend using a staking pool when staking POL. It's simpler and quicker to get started. A staking pool is a group of validators who combine their POL, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 POL (ex-MATIC) network. You'll be rewarded with POL for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.