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

Introduction

Staking POL (ex-MATIC) can be an excellent choice for those looking to hold POL while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

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

   To stake POL (ex-MATIC), you must first acquire it. To obtain POL (ex-MATIC), you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	POL (ex-MATIC) (POL)	0,11 APY
   PrimeXBT	POL (ex-MATIC) (POL)	0,11 APY
   YouHodler	POL (ex-MATIC) (POL)	0,11 APY
   Binance	POL (ex-MATIC) (POL)	0,11 APY
   BTSE	POL (ex-MATIC) (POL)	0,11 APY
   Coinbase	POL (ex-MATIC) (POL)	0,11 APY

   Check out all 63 prices

2. 2. Select a POL (ex-MATIC) Wallet

   Once you have POL, you'll need to select a POL (ex-MATIC) wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   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

   Discover all 18 staking rewards available to you

3. 3. Delegate Your POL

   We recommend using a staking pool when staking POL. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their POL, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the POL (ex-MATIC) network. For these validations, you'll receive rewards in POL.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.