Where and How to Stake Polygon (MATIC)

Introduction

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

Step-by-step Guide

1. 1. Get Polygon (MATIC) Tokens

   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	Loonies	Price
   Kraken	Polygon (MATIC)	0.23
   Coinbase	Polygon (MATIC)	0.23
   Luno	Polygon (MATIC)	0.6
   Blockchain.com	Polygon (MATIC)	1

   See all 22 prices

2. 2. Select 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	Loonies	Staking rewards
   MyCointainer	Polygon (MATIC)	Up to 4.65 annual percentage yield
   Kucoin	Polygon (MATIC)	Up to 3.5 annual percentage yield
   Exodus	Polygon (MATIC)	Up to 5.21 annual percentage yield
   Gemini	Polygon (MATIC)	Up to 0.78 annual percentage yield

   See all 17 staking rewards

3. 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. 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.

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.