MATIC Staking: Definition, Benefits & Tutorial

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Bittime - In this digital era, opportunities to earn passive income are increasingly wide open. One interesting way is by staking cryptocurrency .

Staking allows you to lock your digital tokens and earn rewards in exchange for your participation in maintaining the security and stability of the blockchain network.

One of the popular staking platforms currently is Polygon (MATIC). Polygon is a Layer 2 solution designed to improve Ethereum's scalability and efficiency.

By staking MATIC, you can not only earn passive income, but also contribute to the growth and development of the Polygon (MATIC) ecosystem.

What is Automatic Staking?

MATIC staking is a way to earn passive income by locking up your MATIC tokens and helping secure the Polygon network.

In this process, you delegate your MATIC tokens to validators who are responsible for verifying transactions and maintaining blockchain security.

In return, you will receive MATIC rewards distributed proportionally based on the number of tokens you stake.

Also read: Staking Tether: A Safe Way to Earn Passive Income

Benefits of Staking MATIC

MATIC staking offers several attractive benefits for its participants, including:

1. Passive Income

Staking MATIC allows you to earn passive income in the form of additional MATIC tokens. These rewards are distributed proportionally based on the amount of MATIC you stake and your staking time.

2. Strengthen Network Security

By staking MATIC, you help maintain the security and stability of the Polygon network. Staking increases the number of validators verifying transactions, thereby making the network more resilient to attacks.

3. Support Polygon Project

Staking MATIC is a way to show your support for the Polygon project. By staking, you contribute to the growth and development of the Polygon ecosystem, which will ultimately increase the value of the MATIC token.

4. Get Access to Exclusive Features

Some staking platforms offer exclusive features for stakers, such as access to airdrops, loyalty programs and dedicated communities.

5. Diversify Investment Portfolio

Staking MATIC can help you diversify your investment portfolio and reduce risk. By adding other digital assets to your portfolio, you can minimize the impact of price fluctuations on your investments.

6. Make transactions easier

MATIC staking can help you speed up transactions on the Polygon network. Stakers get priority in verifying transactions, so your transactions will be processed faster.

7. Helps conserve energy

MATIC staking is a more energy efficient way compared to cryptocurrency mining. Staking does not require special hardware that consumes a lot of energy.

8. Social Contribution

MATIC staking can help you contribute to building a stronger, decentralized blockchain community.

Also Read How to Buy Crypto:

How to Stake Polygon (MATIC)

Want to learn how to stake MATIC easily and get 8% APY?

Bittime provides a safe and fast solution for you to stake MATIC instantly, anywhere and anytime. Here are four easy steps to stake 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

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Conclusion

MATIC staking offers many benefits to its participants, including passive income, stronger network security, and access to exclusive features.

Staking MATIC is an easy and safe way to earn income from your digital assets and support the Polygon project.

How to Buy POLYGON (MATIC) on Bittime

You can buy and sell Polygon (MATIC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Polygon (MATIC) is available on Bittime with the market pair MATIC/IDR . To be able to buy MATIC IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Polygon (MATIC) on Bittime . 

Monitor the price chart movements of Polygon (MATIC) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Staking Solana: How to Support the Network and Reap Rewards

Tether Buys Bitcoin, Digital Assets Reach $2.8 Billion

Buy Bitcoin vs Spot Bitcoin ETF, Which is More Profitable?

DISCLAIMER: This article is informational in nature and is not an 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 from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.