How to Stake POL (ex-MATIC) (POL) for optimal returns

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 overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

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

   To stake POL (ex-MATIC), you first need to acquire it. To obtain POL (ex-MATIC), you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   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 recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   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

   Check out all 18 staking rewards available.

3. 3. Delegate Your POL in South Korea

   We recommend using a staking pool when staking POL. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their POL, increasing their chances of validating transactions and earning rewards. You can easily manage 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

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.