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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

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 will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	POL (ex-MATIC) (POL)	0.16 APY
   PrimeXBT	POL (ex-MATIC) (POL)	0.16 APY
   YouHodler	POL (ex-MATIC) (POL)	0.16 APY
   Binance	POL (ex-MATIC) (POL)	0.16 APY
   BTSE	POL (ex-MATIC) (POL)	0.16 APY
   Coinbase	POL (ex-MATIC) (POL)	0.16 APY

   See all 63 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   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 2.3% APY
   Bitget	POL (ex-MATIC) (POL)	Up to 4% APY

   View all 18 staking rewards available.

3. 3. Delegate Your POL

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

4. 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 POL (ex-MATIC) network. You'll be rewarded with POL for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.