How to Stake Polygon (MATIC): A Step-by-Step Guide

Introduction

Staking Polygon can be a great option for those who want to hold MATIC but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Polygon (MATIC) Tokens
In order to stake Polygon, you need to have it. To obtain Polygon, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Binance Polygon (MATIC) 0.38
Coinbase Polygon (MATIC) 0.2
Kraken Polygon (MATIC) 0.23
Luno Polygon (MATIC) 0.6
Bake Polygon (MATIC) 0.24
See all 24 prices
2. Choose 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
Ankr Polygon (MATIC) Up to 2.78% APY
Atomic Wallet Polygon (MATIC) Up to 4.2% APY
Bitpanda Polygon (MATIC) Up to 5% APY
See all 17 staking rewards
3. Delegate Your MATIC
We recommend using a staking pool when staking MATIC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MATIC, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 Polygon network. You’ll be rewarded with MATIC for these validations.

Platform	Coin	Price
Binance	Polygon (MATIC)	0.38
Coinbase	Polygon (MATIC)	0.2
Kraken	Polygon (MATIC)	0.23
Luno	Polygon (MATIC)	0.6
Bake	Polygon (MATIC)	0.24

Platform	Coin	Staking rewards
Ankr	Polygon (MATIC)	Up to 2.78% APY
Atomic Wallet	Polygon (MATIC)	Up to 4.2% APY
Bitpanda	Polygon (MATIC)	Up to 5% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.