How to Stake POL (ex-MATIC) (POL): A Step-by-Step Guide for South Africans

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. 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. 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. 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. 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.

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

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

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.