How to Stake POL (ex-MATIC) (POL) in India

Introduction

Staking POL (ex-MATIC) can be an excellent choice for those looking to hold POL while earning returns 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 Indian Investors

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

   To stake POL (ex-MATIC), you first need to acquire it. To obtain POL (ex-MATIC), you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   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

   See all 63 rates

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

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

   Platform	Coin	Staking rewards in India
   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

   View all 18 staking rewards available in India

3. 3. Delegate Your POL in India

   We recommend using a staking pool when staking POL. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their POL, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the POL (ex-MATIC) network. For these validations, you will be rewarded with POL.

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.