How to Stake Polygon (MATIC) for better returns

Introduction

Staking Polygon can be an excellent choice for individuals 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-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Polygon (MATIC) Tokens

   To stake Polygon, you first need to acquire it. To obtain Polygon, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Binance	Polygon (MATIC)	0.38 APY
   Coinbase	Polygon (MATIC)	0.25 APY
   Kraken	Polygon (MATIC)	0.23 APY
   Luno	Polygon (MATIC)	0.6 APY
   BingX	Polygon (MATIC)	0.37 APY

   View all 23 prices

2. 2. Select a Polygon Wallet for Your Needs

   Once you have MATIC, you'll need to select a Polygon wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Ankr	Polygon (MATIC)	Up to 2.65% APY
   Atomic Wallet	Polygon (MATIC)	Up to 4.2% APY
   Bitpanda	Polygon (MATIC)	Up to 5% APY

   View all 17 staking rewards available

3. 3. Delegate Your MATIC for Enhanced Returns

   We recommend utilizing a staking pool when staking MATIC. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their MATIC, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Polygon network. For these validations, you will be rewarded with MATIC.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.