How to Stake Polygon (MATIC): A Comprehensive Guide for Australians

Introduction

Staking Polygon can be a great option for those who want to hold MATIC 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. Obtain Polygon (MATIC) Tokens
To stake Polygon, you need to own it. To obtain Polygon, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
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
See all 24 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 great options.
Platform Coin Staking returns
Ankr Polygon (MATIC) Up to 2.78% % p.a.
Atomic Wallet Polygon (MATIC) Up to 4.2% % p.a.
Bitpanda Polygon (MATIC) Up to 5% % p.a.
View all 17 staking rewards
3. Delegate Your MATIC
We recommend using a staking pool when staking MATIC. It's simpler and quicker to get started. A staking pool is a group of validators who combine their MATIC, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Polygon network. You'll be rewarded with MATIC for these validations.

Platform	Coin	Cost
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	Coin	Staking returns
Ankr	Polygon (MATIC)	Up to 2.78% % p.a.
Atomic Wallet	Polygon (MATIC)	Up to 4.2% % p.a.
Bitpanda	Polygon (MATIC)	Up to 5% % p.a.

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.