How to Stake POL (ex-MATIC) (POL) in the UK

Introduction

Staking POL (ex-MATIC) can be an excellent option for those who wish to hold POL while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

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

   To stake POL (ex-MATIC), you need to possess it. To obtain POL (ex-MATIC), you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	POL (ex-MATIC) (POL)	0.11
   PrimeXBT	POL (ex-MATIC) (POL)	0.11
   YouHodler	POL (ex-MATIC) (POL)	0.11
   Binance	POL (ex-MATIC) (POL)	0.11
   BTSE	POL (ex-MATIC) (POL)	0.11
   Coinbase	POL (ex-MATIC) (POL)	0.11

   View all 63 prices

2. 2. Choose a POL (ex-MATIC) Wallet

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

   Platform	Coin	Staking rewards
   Uphold	POL (ex-MATIC) (POL)	Up to 3.2% AER
   Bake	POL (ex-MATIC) (POL)	Up to 4.5% AER
   Binance	POL (ex-MATIC) (POL)	Up to 2.24% AER
   Bitget	POL (ex-MATIC) (POL)	Up to 4% AER

   View all 18 staking rewards

3. 3. Delegate Your POL

   We recommend using a staking pool when staking POL. It's simpler and quicker to get started. A staking pool is a group of validators who combine their POL, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

   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 POL (ex-MATIC) network. You will be rewarded with POL for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.