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How to Stake Polygon (MATIC) in four easy steps

Fransiskus
Updated

Learn How to Stake Polygon (MATIC)

Want to learn how to stake MATIC easily and get 10% APY? Bittime provides a safe and fast solution for you to stake MATIC instantly, anywhere and anytime. Here are four easy steps for staking MATIC:

Create a Bittime Account 

Download the Bittime app and register on Bittime with your email address and set a strong password to secure your account.

Verify your account

Verify your identity by entering personal information then uploading your KTP photo & selfie

Refill IDR Balance

Top up or deposit IDR via VA bank or e-wallet after verifying your Bittime account.

Buy MATIC

Open the trade menu and buy Polygon on the MATIC/IDR  market

How to Top up IDR to Buy MATIC on Bittime

Top Up Via Bank

Top up IDR at Bittime is very easy, follow these steps:

  • Make sure you have verified your Bittime account
  • Open the Bittime Application, open IDR deposit on the Home page or open the wallet menu and select IDR deposit
  • Select a Virtual Bank account, copy one of the bank VAs you want to transfer to.
  • Make sure you transfer using a real-time/online transfer method so that your deposit can be credited immediately.
  • Minimum deposit starts from 10,000 rupiah.
  • The funds you transfer will be credited to your IDR wallet."

You can check the video tutorial link here

Top Up IDR Via E-wallet

 Top up IDR at Bittime is very easy, follow these steps:

  • Make sure you have verified your Bittime account
  • Open the Bittime App, go to IDR deposit on the home page or open your wallet and select IDR deposit
  • Choose an Ewallet such as OVO, DOKU and follow the instructions to top up IDR
  • Make sure you transfer using a real-time/online transfer method so that your deposit can be credited immediately.
  • Minimum deposit starts from 10,000 rupiah.
  • The funds you transfer will be credited to your IDR wallet."

You can check the video tutorial link here

How to Stake MATIC 


Staking on Bittime is very easy, follow these steps: 

  • Select the staking menu on the homepage or select one of the crypto assets on the staking list 
  • Then the Staking page for the crypto asset appears, select MATIC
  • Enter the nominal/amount of crypto assets you want to stake, you can choose the max for all the crypto assets you want to stake. In this section, the estimated total interest that you will get when staking will appear, and also the timeline for staking your assets.
  • If it is appropriate, read the Bittime staking agreement, click tick so you can confirm to start staking.
  • Your staking has been successful, please check the wallet menu >> select staking to see your staking assets.

You can also do an early redeem if you want to withdraw your assets from staking early. 

  • The way to do this is to enter the Wallet menu, then select the crypto asset you want to redeem Picture4.png
  • Click on the "choose early redeem" section, then click redeem if you want to redeem early. The redeem process has been completed. Your crypto asset funds will be processed according to the arrival time

How to Store Polygon (MATIC)

The best way to store Polygon (MATIC) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Polygon (MATIC).

Store Bitcoins in your Bittime Account

Storing your crypto in a Bittime account provides instant access to trading products, such as spot trading, staking, and more. Bittime serves as a custodian of your crypto assets to help you avoid the hassle of securing your own private keys. Make sure to set up a strong password and increase your security settings to prevent bad actors from accessing your funds.

Store your Bitcoins in a Non-exchange Wallet

You can withdraw your Polygon (MATIC) to a non-exchange wallet. Storing Polygon (MATIC) in a non-exchange or self-storage wallet gives you complete control over your wallet's  private keys .  You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you want to trade Polygon (MATIC) frequently or use your assets. Make sure to store your  private key  in a safe location as losing it could result in the permanent loss of your Polygon (MATIC).

What Can You Do with Polygon (MATIC)?

Hold

Store/  hold  your Polygon (MATIC) in your Bittime account.

Trading

Trade your Polygon (MATIC) on the spot market.

Staking

Earn  passive income  by staking MATIC on Bittime

Why Traders Prefer Bittime As An Polygon (MATIC) Trading Platform?

Easy Crypto Asset Purchase

Users can safely buy & sell hundreds of crypto assets directly using Indonesian Rupiah (IDR).  These include Polygon (MATIC), Dogecoin (DOGE), Ripple (XRP), TRON (TRX), Polygon (MATIC), Polkadot (DOT), Polygon (MATIC), and Binance (BNB) and many more.

User-Friendly Application: 

Bittime is very friendly for beginners in carrying out crypto asset transactions with an easy-to-use interface, many IDR deposit and withdrawal options as well as various reward activities such as weekly cashback promotions, trading competitions and airdrops.

Bittime offers a variety of benefits, including security, reliability, ease of use, and profitable features that simplify the buying and selling of crypto assets.

Highest Rating

Bittime received the highest rating from a large number of users, with an accumulated rating of 4.8 on Google Play, making Bittime the best crypto asset exchange in Indonesia. Bittime is committed to being the safest, easiest to use crypto asset trading platform, and continues to expand to add the best features.

Security and Reliability: 

Bittime has been registered with BAPPEBTI and Kominfo, continuing to carry out transparent asset & transaction reporting to the Ministry of Trade every day. Bittime also uses the latest MPC encryption technology to provide double protection for user assets. In addition, Bittime has obtained several international ISO certifications (ISO 27001:2013, 27017:2015), guaranteeing security and reliability.

Provides competitive Staking rewards 

Bittime offers high APY rewards through the Staking Feature, which allows users to easily earn huge passive income through staking various crypto assets based on the POS blockchain consensus mechanism.  For example: USDT & MATIC APY 10% each.

Learn More With Bittime:

  • Collection of educational articles about blockchain, web3 and crypto  HERE
  • Find out what to ask about Bittime  HERE

Take the first step on your crypto journey with Bittime and download the Bittime application here:

Find Bittime here:

DISCLAIMER  : This article is informational in nature and is not advice, recommendation, offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly over time. Bittime is not responsible for changes in exchange rates or crypto asset prices.

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