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
Kraken Polygon (MATIC) 0.47
Coinbase Polygon (MATIC) 0.46
Luno Polygon (MATIC) 0.6
BingX Polygon (MATIC) 0.37
See all 12 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
Kucoin Polygon (MATIC) Up to 3.5 APY
MyCointainer Polygon (MATIC) Up to 4.65 APY
Gemini Polygon (MATIC) Up to 2.74 APY
Exodus Polygon (MATIC) Up to 5.21 APY
See all 9 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
Kraken	Polygon (MATIC)	0.47
Coinbase	Polygon (MATIC)	0.46
Luno	Polygon (MATIC)	0.6
BingX	Polygon (MATIC)	0.37

Platform	Coin	Staking rewards
Kucoin	Polygon (MATIC)	Up to 3.5 APY
MyCointainer	Polygon (MATIC)	Up to 4.65 APY
Gemini	Polygon (MATIC)	Up to 2.74 APY
Exodus	Polygon (MATIC)	Up to 5.21 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.

Latest Movements

Polygon (MATIC) is currently priced at $4.06 with a 24-hour trading volume of $8.77M. The market cap of Polygon stands at $895.55M, with $1.92B MATIC in circulation. For those looking to buy or trade Polygon, Kucoin offers avenues to do so securely and efficiently}

Market cap: $895.55M
24h volume: $8.77M
Circulating supply: $1.92B

See latest information

Frequently Asked Questions About Staking Polygon (MATIC)

Can I earn staking rewards with Polygon (MATIC)?: Yes, you can earn rewards by staking MATIC tokens. Ensure you are updated with the latest rates using Bitcompare's real-time tools.
What is the staking reward rate for Polygon (MATIC)?: Staking rates vary. Use Bitcompare for real-time rate comparisons and alerts to stay informed about the best opportunities.
How often are staking rewards distributed?: Rewards are typically distributed at regular intervals. Check Bitcompare for updates on distribution schedules and news.
What are the risks associated with staking Polygon?: While staking can offer rewards, risks include market volatility. Use Bitcompare's tools like sentiment analysis to stay informed.
Are there any fees to stake MATIC?: Fees depend on the platform. Use Bitcompare to compare exchanges and find the most cost-effective options for staking.
Can I unstake my MATIC anytime?: Unstaking policies vary by platform. Check Bitcompare for platform-specific policies and updates on unstaking conditions.
How can I maximize my staking rewards?: Stay informed on the latest trends and rates using Bitcompare. Regularly check and bookmark the page for valuable insights.
Do I need a minimum amount of MATIC to stake?: Requirements vary by platform. Use Bitcompare to investigate different exchange policies and stake amounts needed.
How do I choose a staking platform?: Consider factors like reliability and rates. Bitcompare provides a trusted platform for comparing exchanges to make informed choices.
What tools are available for tracking MATIC staking?: Leverage Bitcompare's real-time tools, including price comparisons, alerts, and news to stay ahead in the crypto market.