How to Stake Polygon (MATIC)

Introduction

Staking Polygon can be an excellent choice for those looking to hold MATIC 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 Polygon (MATIC) Tokens

   To stake Polygon, you first need to acquire it. To obtain Polygon, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Coinbase	Polygon (MATIC)	0,24
   Kraken	Polygon (MATIC)	0,23
   Luno	Polygon (MATIC)	0,6
   BingX	Polygon (MATIC)	0,37
   Bitfinex	Polygon (MATIC)	0,22

   View all 22 prices

2. 2. Select a Polygon Wallet

   Once you have MATIC, you'll need to choose a Polygon wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Ankr	Polygon (MATIC)	Up to 2,65% APY
   Atomic Wallet	Polygon (MATIC)	Up to 4,2% APY
   Bitpanda	Polygon (MATIC)	Up to 5% APY
   Exodus	Polygon (MATIC)	Up to 5,21% APY

   View all 17 staking rewards available

3. 3. Delegate Your MATIC

   We recommend using a staking pool when staking MATIC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their MATIC, 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 Polygon network. You'll be rewarded with MATIC 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.