How to Stake Polygon (MATIC) in India

Introduction

Staking Polygon can be an excellent choice for those looking to hold MATIC 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 Polygon (MATIC) Tokens in India

   To stake Polygon, you first need to acquire it. To obtain Polygon, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   Coinbase	Polygon (MATIC)	0.24
   Kraken	Polygon (MATIC)	0.23
   Luno	Polygon (MATIC)	0.6
   BingX	Polygon (MATIC)	0.37
   Bitfinex	Polygon (MATIC)	0.22

   See all 22 rates

2. 2. Choose a Polygon Wallet in India

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

   Platform	Coin	Staking rewards in India
   Ankr	Polygon (MATIC)	Up to 2.63% APY
   Atomic Wallet	Polygon (MATIC)	Up to 4.2% APY
   Bitpanda	Polygon (MATIC)	Up to 5% APY
   Exodus	Polygon (MATIC)	Up to 5.21% APY

   View all 17 staking rewards available in India

3. 3. Delegate Your MATIC in India

   We recommend using a staking pool when staking MATIC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their MATIC, 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 Polygon network. For these validations, you will be rewarded with MATIC.

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.