How to Stake Polygon (MATIC) for optimal returns

Introduction

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

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

   플랫폼	코인	Price
   Coinbase	Polygon (MATIC)	0.25 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 Wallet

   Once you have MATIC, you'll need to select a Polygon wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Ankr	Polygon (MATIC)	Up to 2.65% 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

   Check out all 17 staking rewards available.

3. 3. Delegate Your MATIC in South Korea

   We recommend using a staking pool when staking MATIC. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their MATIC, 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 Polygon network. For these validations, you will be rewarded with MATIC.

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.