How to Lend Polygon (MATIC)

Introduction

Lending Polygon can be an excellent choice for those looking to hold MATIC while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Polygon (MATIC) Tokens

   To lend Polygon, you must first possess it. To acquire Polygon, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Coinbase	Polygon (MATIC)	0.26 APY
   Kraken	Polygon (MATIC)	0.23 APY
   Luno	Polygon (MATIC)	0.6 APY
   BingX	Polygon (MATIC)	0.37 APY
   Bitfinex	Polygon (MATIC)	0.22 APY

   Check out all 22 prices

2. 2. Select a Polygon Lender in Italy

   Once you have MATIC, you'll need to select a Polygon lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   Nebeus	Polygon (MATIC)	Up to 13% APY
   Coinbase	Polygon (MATIC)	Up to 2.91% APY
   Gemini	Polygon (MATIC)	Up to 0.01% APY
   Kucoin	Polygon (MATIC)	Up to 5% APY

   Discover all 11 lending APY rates

3. 3. Lend Your Polygon in Italy

   Once you've selected a platform to lend your Polygon, transfer your Polygon into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks