Crypto Basics

How to Stake MATIC? - A Comprehensive Guide for Beginners

Explore the step-by-step process of staking MATIC tokens, and start earning rewards in the Polygon network with the help of this detailed guide.
Marcus K
6 Minutes
MIN

The world of cryptocurrencies can seem overwhelming, especially when diving into the specifics of staking, farming, or liquidity pooling. 

Today, we’ll focus on one popular token: MATIC, the native currency of the Polygon network. Our goal is to demystify the process, bringing you a clear and actionable guide to staking MATIC. Let’s get started!

What is Polygon MATIC?

MATIC, now referred to as Polygon, represents a promising solution in the crypto space. Designed as a multi-chain scaling solution, Polygon seeks to provide faster and cheaper transactions. This positions it as a valuable asset for Ethereum-based applications and beyond.

Step-by-Step Guide to Staking MATIC

Acquire MATIC: Purchase MATIC from popular exchanges like Binance, Coinbase, or Huobi.

Transfer MATIC to Your Wallet: Send your MATIC tokens from the exchange to your secure wallet.

Choose a Staking Platform/Validator: Some popular choices are the official Polygon wallet or third-party platforms like Stakefish or Staked and then connect your wallet.

Staking MATIC with MetaMask

Here are the steps to stake MATIC on MetaMask -

1. Set Up MetaMask: Download and install MetaMask as a browser extension from their official site. Choose the right version for your device.

2. Link to Polygon: Navigate to “Networks” in MetaMask. Click “Add Network” and input Polygon's details.

3. Transfer MATIC: Copy your MetaMask address. From your exchange or other wallets, set this as the destination and transfer your MATIC tokens.

4. Connect to Polygon's Wallet: Use this link to integrate: Polygon Wallet. Click the “MetaMask” option there.

5. Start Staking: With the link established, you're set to stake.

6. Choose a Validator: In the dashboard, tap “Apps” then “Staking”. Search for a validator and opt for “Delegate”. Input the MATIC amount you wish to stake and hit “Continue”.

7. Finalize Transaction: A pop-up will prompt you to verify. Click “Confirm”. 

Remember, for the process to go through, you'll need to purchase a voucher and cater for gas fees. After all is set, your delegation is active, and you can further stake or collect rewards as you see fit.

Staking MATIC with Coinbase Wallet

Here are the steps leading to staking MATIC on Coinbase Wallet -

Setting Up Coinbase Wallet:

  • Download the Coinbase Wallet app from the App Store or Play Store.
  • Follow on-screen instructions: agree to terms, select a username, adjust privacy settings, set a passcode, and note down the recovery phrase.

Transferring MATIC to Your Wallet:

  • Open the wallet, tap the bottom right and find "Connect to Coinbase". Authorize the connection.
  • Choose “Buy or transfer”, pick “MATIC wallet”, specify the amount, and confirm with the verification code. Remember, MATIC tokens on Coinbase operate on the Ethereum network.

Staking Your MATIC:

  • Navigate to the Polygon website.
  • Click “Use Polygon”, then “Staking”, and finally “Become a delegator”.
  • Browse through the list of validators. Check details like MATIC staked, commission, and performance.
  • Choose a validator, view their specific details, then log in at the top-right. If new, register on Polygon.
  • Click “Become a Delegator”, specify how much MATIC you'd like to stake, and hit “Continue”. Confirm the action in the pop-up by pressing “Delegate”.

Note: There might be a “cool-down” period where your tokens are locked before you start earning rewards.

Claim Your Rewards: Depending on the platform, rewards may be distributed daily, weekly, or monthly. Check the platform’s policy and claim or reinvest your rewards accordingly.

Benefits of Staking MATIC

Passive Income: Just like earning interest in a traditional bank account, staking MATIC provides holders with a reward for supporting the network.

Network Security: By staking your tokens, you help maintain the integrity and safety of the Polygon network.

Staking Incentives: Often, projects built on Polygon might offer additional rewards to MATIC stakers, multiplying potential returns.

Potential Risks and How to Avoid Them?

Staking, like any investment, comes with risks. Here are a few, along with mitigation strategies:

Slashing: If the validator you choose acts maliciously, a portion of your staked MATIC could be forfeited. 

Solution: Choose reputable validators.

Price Volatility: The value of MATIC can go up or down. While you earn staking rewards, the token’s price might drop. 

Solution: Stay informed and diversify investments.

Liquidity Concerns: Some staking platforms might have a lock-in period, making it hard to access your tokens immediately. 

Solution: Always read the staking terms before committing.

Frequently Asked Questions

Q1. What is the minimum amount of MATIC required to start staking?

The minimum amount varies depending on the platform and validator, but many platforms set a relatively low threshold to encourage broader participation.

Q2. How frequently will I receive staking rewards?

Reward distribution can vary. Some platforms distribute rewards daily, while others might do so weekly or monthly. It's essential to check the specific terms of your chosen validator.

Q3. Are there any fees associated with staking MATIC?

Yes, some fees might be deducted by validators for their services. Always ensure you're clear about any associated fees before delegating your tokens.

Q4. How secure is staking MATIC on Coinbase Wallet?

Coinbase Wallet is known for its emphasis on security, but it's always vital to ensure you keep app updates regular, use strong, unique passwords, and avoid sharing sensitive information.

Q5. Can I unstake my MATIC tokens anytime I want?

There's typically a "bonding" or "unbonding" period in which your tokens are locked after you decide to unstake. The duration can vary, so be sure to understand these terms when staking.

Q6. How does staking MATIC affect its liquidity?

Once you stake MATIC, those tokens are locked and cannot be traded or sold until they are unstaked, affecting their immediate liquidity.

Q7. Is there a risk of losing my staked MATIC tokens?

While staking platforms aim for maximum security, the crypto realm always carries risks. It's rare, but factors like validator misbehavior (slashing) can affect your staked amount.

Q8. Do I maintain ownership of my MATIC tokens while they are staked?

Yes, staking only delegates your tokens to support network operations. You still own them, but they're temporarily locked until you decide to unstake.

Conclusion

Staking MATIC isn’t just about passive income. It's a vote of confidence in the future of the Polygon network. By staking, you’re playing a role in ensuring the system remains robust and decentralized. 

Always remember: with potential rewards come potential risks. Stay informed, choose wisely, and may your staking journey be a prosperous one!

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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If you’re serious about trading or investing in crypto, one of your top priorities should be keeping your cryptocurrency safe. In this guide, we’ll walk through the biggest risks to your crypto security, best practices to protect your assets, and how Token Metrics can help you make informed, safe decisions when navigating the crypto market.

Why Is Cryptocurrency Security So Important?

Unlike a traditional bank account, cryptocurrency transactions are irreversible. If your funds are stolen, there’s usually no way to recover them.

  • No centralized authority: There’s no bank to call for refunds.
  • Pseudonymous transactions: It’s nearly impossible to trace funds once they’re moved.
  • High-value targets: Hackers actively target crypto investors due to the potential for large payoffs.

This means you are your own bank—and you’re responsible for protecting your funds.

Common Threats to Your Cryptocurrency

Before learning how to protect your crypto, you need to know what you’re up against:

1. Exchange Hacks

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2. Phishing Attacks

Scammers use fake websites, emails, or social media accounts to trick you into revealing your private keys or login credentials.

3. Malware & Keyloggers

Cybercriminals install malicious software on your devices to steal passwords and seed phrases.

4. Rug Pulls & Scams

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5. Human Error

Lost passwords, mishandled private keys, or accidental transfers can lead to permanent loss of funds.

How to Keep Your Cryptocurrency Safe

Here’s a step-by-step approach to safeguarding your crypto:

1. Use a Secure Wallet

Hardware Wallets:

  • The safest option for long-term storage.
  • Devices like Ledger or Trezor keep your private keys offline, out of reach of hackers.

Software Wallets:

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2. Enable Two-Factor Authentication (2FA)

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3. Beware of Phishing & Fake Websites

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Types of Crypto Trading Fees

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3. Withdrawal Fees

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3. Use Limit Orders

Save on fees by acting as a maker instead of a taker whenever possible.

4. Pay with Exchange Tokens

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Leverage trading has become a hot topic in the crypto world. Many traders are attracted by the promise of amplified profits—but fail to realize it also magnifies losses. If you’ve been wondering, “Should I use leverage when trading crypto?” the short answer is: only if you fully understand the risks and have a solid strategy.

In this guide, we’ll break down what leverage trading is, how it works, its pros and cons, and how AI-powered tools like Token Metrics can help you make smarter decisions when trading with leverage.

What Is Leverage Trading in Crypto?

Leverage trading lets you borrow funds from an exchange to increase your position size, allowing you to control more capital than you actually own.

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  • But a 10% price drop could wipe out your position completely.

Popular platforms like Binance, Bybit, and OKX offer leverage levels from 2x to 125x for certain assets.

Pros of Leverage Trading

Leverage isn’t all bad. When used responsibly, it offers several benefits:

1. Higher Profit Potential

Even small price movements can generate significant returns when using leverage.

2. Portfolio Efficiency

Traders can free up capital for other positions while maintaining large exposure in a leveraged trade.

3. Opportunities in Bear Markets

Leverage allows for short selling, enabling you to profit when prices go down.

Cons of Leverage Trading

The same factors that make leverage attractive also make it high-risk:

1. Amplified Losses

Just as leverage magnifies profits, it magnifies losses. A minor price drop could liquidate your entire position.

2. Liquidation Risk

When your collateral falls below a certain threshold, the exchange automatically closes your position, locking in your losses.

3. Emotional Stress

Leverage trading is fast-paced and stressful, often leading to panic selling or revenge trading after losses.

Should Beginners Use Leverage?

No.
If you’re new to trading, avoid leverage until you have:

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  • Strong risk management skills (e.g., using stop-loss orders).
  • The ability to stay disciplined under pressure.

For beginners, leveraged trading can be a fast track to losing your capital.

When Does It Make Sense to Use Leverage?

For experienced traders, leverage can make sense when:

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  • You have high conviction in a trade and want to maximize gains.
  • You’re trading high-liquidity assets like BTC or ETH with well-defined stop-losses.

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Leverage trading requires precision, and that’s where Token Metrics gives you an edge.

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Best Practices for Using Leverage in Crypto

If you decide to use leverage, follow these rules:

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  2. Set Stop-Loss Orders: Always predetermine your maximum loss tolerance.
  3. Trade Liquid Assets: Stick to high-volume coins like BTC and ETH to avoid slippage.
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Why Overleveraging Is Dangerous

Many traders lose money by overleveraging, which leads to:

  • Margin calls and forced liquidations.
  • Revenge trading, where losses push traders into reckless decisions.
  • Complete portfolio wipeouts from one bad trade.

Pro Tip: Only trade with leverage on funds you can afford to lose.

Final Thoughts

So, should you use leverage when trading crypto?

For beginners, the answer is no—focus on mastering spot trading first. For experienced traders, leverage can be a powerful tool when used with strict risk management and data-driven insights.

That’s where Token Metrics makes a difference. With AI-powered trading signals, real-time risk analysis, and narrative tracking, Token Metrics helps you trade smarter, reduce emotional mistakes, and optimize your leverage strategy.

Leverage can make you or break you—so don’t go in blind. Use Token Metrics to guide your trades and stay ahead of the market.

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