Where and how to stake Polygon (MATIC)

Introduction

Staking Polygon can be a great option for those who wish to hold MATIC while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Polygon (MATIC) Tokens

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

   Platform	Coin	Price
   Kraken	Polygon (MATIC)	0.27
   Coinbase	Polygon (MATIC)	0.27
   Luno	Polygon (MATIC)	0.6
   Blockchain.com	Polygon (MATIC)	1

   See all 22 prices

2. 2. Select a Polygon Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Polygon (MATIC)	Up to 4.65 APY
   Kucoin	Polygon (MATIC)	Up to 3.5 APY
   Gemini	Polygon (MATIC)	Up to 2.4 APY
   Exodus	Polygon (MATIC)	Up to 5.21 APY

   See all 17 staking rewards

3. 3. Delegate Your MATIC

   We suggest using a staking pool for staking MATIC. It's easier and quicker to get started. A staking pool is a collection of validators who combine their MATIC, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Polygon network. You'll be rewarded with MATIC for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.