How to Stake Polygon (MATIC) in Canada

Introduction to Cryptocurrency in Canada

Staking Polygon can be an excellent choice for Canadians 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-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire Polygon (MATIC) Tokens in Canada

   To stake Polygon, you first need to acquire it. To obtain Polygon, you'll need to purchase it from one of these popular Canadian exchanges.

   Platform	Coin	Cost
   Coinbase	Polygon (MATIC)	0.26
   Kraken	Polygon (MATIC)	0.23
   Luno	Polygon (MATIC)	0.6
   BingX	Polygon (MATIC)	0.37
   Bitfinex	Polygon (MATIC)	0.22

   See all 22 prices in Canada

2. 2. Select a Polygon Wallet in Canada

   Once you have MATIC, you'll need to choose a Polygon wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   Ankr	Polygon (MATIC)	Up to 2.65% APY in Canada
   Atomic Wallet	Polygon (MATIC)	Up to 4.2% APY in Canada
   Bitpanda	Polygon (MATIC)	Up to 5% APY in Canada
   Exodus	Polygon (MATIC)	Up to 5.21% APY in Canada

   See all 17 staking rewards in Canada

3. 3. Delegate Your MATIC in Canada

   We recommend using a staking pool when staking MATIC. It's simpler and faster to get started. A staking pool is a group of validators who combine their MATIC, which increases their chances 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 Canadians Should Be Aware Of

In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.