With that in mind, here are the best crypto exchanges for staking Polygon.
Polygon (MATIC) is one of the over 500 cryptocurrencies listed on the exchange.
But overall, Binance offers competitive rewards and flexible staking plans.
It also connects you to extra-yield products under its Binance Earn program.
Unsure what crypto staking is?
Oureasy-to-follow crypto staking guidehas you covered.
The integration reduced transaction costs and waiting times and allowed users to move assets across the exchange more efficiently.
The average annual percentage yield (APY) varies according to the amount staked and the actual yield.
There are two ways to stake MATIC on OKX: through the exchange’s webpage or the OKX app.
On theEarnpage, select MATIC through the search box.
Alternatively, you’ve got the option to scroll down the list of supported assets.
If using the OKX app, head to the home screen and tapEarn/DeFi.
Next, proceed to the search box and enter MATIC.
Alternatively, you could scroll down the list of assets and select MATIC.
View the staking information available and enter the amount of MATIC you wish to stake.
3.Coinbase Wallet
Coinbase Wallet is another cryptocurrency exchangewhere you could earn good rewards for staking MATIC.
Rewards are calculated according to the amount of MATIC tokens you hold or stake.
If you stake more MATIC tokens, you increase your chances of earning more rewards.
The figures given here may vary, so confirming the updated figures onStaking Rewardsis advisable before investing.
Upon successful subscription, the system automatically calculates your rewards and distributes them the following day.
At the expiry of your staking period, your rewards are sent to your preferred wallet.
Overall, KuCoin provides good staking opportunities with flexible and fixed staking options.
On Crypto.com, you’re not technically staking MATIC.
You lend it out instead.
If you plan to hold your MATIC long-term, you might use this platform to grow your earnings.
However, some crypto coins have better staking rewards than others.
