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 may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African 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'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Nexo	POL (ex-MATIC) (POL)	0,16
   PrimeXBT	POL (ex-MATIC) (POL)	0,16
   YouHodler	POL (ex-MATIC) (POL)	0,16
   Binance	POL (ex-MATIC) (POL)	0,16
   BTSE	POL (ex-MATIC) (POL)	0,16
   Coinbase	POL (ex-MATIC) (POL)	0,16

   View all 63 prices

2. 2. Select a POL (ex-MATIC) Wallet

   Once you have POL, you'll need to choose a POL (ex-MATIC) wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   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 take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.