How to Stake POL (ex-MATIC) (POL): A Step-by-Step Guide for German Investors

Introduction

Staking POL (ex-MATIC) can be an excellent choice for those looking to hold POL 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've created this guide to assist you.

Step-by-Step Anleitung

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

To stake POL (ex-MATIC), you first need to acquire it. To obtain POL (ex-MATIC), you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

Plattform	Kryptowährung	Price
Nexo	POL (ex-MATIC) (POL)	0,11 APY
PrimeXBT	POL (ex-MATIC) (POL)	0,11 APY
YouHodler	POL (ex-MATIC) (POL)	0,11 APY
Binance	POL (ex-MATIC) (POL)	0,11 APY
BTSE	POL (ex-MATIC) (POL)	0,11 APY
Coinbase	POL (ex-MATIC) (POL)	0,11 APY

View all 63 prices

2. Select a POL (ex-MATIC) Wallet

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

Plattform	Kryptowährung	Staking rewards
Uphold	POL (ex-MATIC) (POL)	Up to 3,2 % APY
Bake	POL (ex-MATIC) (POL)	Up to 4,5 % APY
Binance	POL (ex-MATIC) (POL)	Up to 2,24 % APY
Bitget	POL (ex-MATIC) (POL)	Up to 4 % APY

Discover all 18 staking rewards available

3. Delegate Your POL
We recommend using a staking pool when staking POL. It's simpler and faster to get started. A staking pool is a collective of validators who pool their POL, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the POL (ex-MATIC) network. For these validations, you will be rewarded with POL.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.