How to Stake Polygon (MATIC) in the UK

Introduction

Staking Polygon can be an excellent option for those who wish to hold MATIC 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 Polygon (MATIC) Tokens

   To stake Polygon, you need to possess it. To obtain Polygon, you'll need to purchase it. You can choose from these popular exchanges.

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

   View all 22 prices

2. 2. Choose a Polygon Wallet

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

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

   View all 17 staking rewards

3. 3. Delegate Your MATIC

   We recommend using a staking pool when staking MATIC. It's simpler and quicker 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 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. You will be rewarded with MATIC 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.