Where and How to Stake Polygon (MATIC)

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. 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
   Coinbase	Polygon (MATIC)	0.21
   Kraken	Polygon (MATIC)	0.23
   Luno	Polygon (MATIC)	0.6
   BingX	Polygon (MATIC)	0.37
   Bitfinex	Polygon (MATIC)	0.22

   See all 22 prices

2. 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
   Ankr	Polygon (MATIC)	Up to 2.56% 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

   See all 17 staking rewards

3. 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. 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 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.