We list the best Polygon MATIC interest rates APY and staking rewards. We will guide you through the best places to deposit your MATIC so you will earn the highest ROI and get the best crypto passive income.
It´s very important to get a yield on your cryptocurrency holdings to grow your portfolio over a long term investment period.
Polygon MATIC will give you a very good yield in different interest accounts as you can read more about below.
No Financial Advice, Information only. Do your own research
Where can I earn the best Polygon MATIC interest rate?
In the table below, we have listed all the best places to receive Polygon interest on your MATIC holdings.
As you can see, the interest rates are really good for the Polygon MATIC token.
*Sign up bonus with terms and conditions
**Reduction in fees
Celsius Network Polygon MATIC Interest Rate
Celsius is offering a good yield on the Polygon MATIC token of 9.1%.
You can earn 11.5% if you choose to receive your payouts in the Celsius native token, CEL.
The best thing with Celsius is that you can get $50deposit bonus.
Celsius Network Pros and Cons
Celsius SignUp Bonus
Celsius has a great signup bonus where you will get $50 in BTC when you sign up with our referral link and deposit at least $400. The bonus will be released after 30 days.
YouHodler Polygon MATIC Interest Rate
YouHodler will give you a very good interest rate on your Polygon MATIC token which is at 11%.
The best thing with YouHodler is that they don´t have any loyalty program or any lock up periods. Everyone will get 11%.
The limited thing with YouHodler is that they only pay interest on $100.000. So, if you are a whale you might want to consider other options, like Binance for instance.
Crypto.com Polygon MATIC Interest Rate
Crypto.com have one of the best interest rates for the Polygon MATIC token,
However, you must fulfill some of the criteria to receive a good rate and if you are not prepared to do so you better check Binance, Celsius aor YouHodlder which will give you around 11-12% with no, or less, requirements.
The Crypto.com interest rate is dependent on
- How many CRO you have staked (Or actually the fiat value of your staked CRO)
- Your lock up period (Flexible, 1 month or 3 months)
Crypto.com is offering the best best Crypto debit VISA card cashback and rewards.
Crypto.com SignUp Bonus
When you signup with Crypto.com via our referral link and stake CRO for a Ruby metal VISA card ($400) you will get $25 in a welcome bonus. The ruby card will give you 2% cashback on all purchases and 100% back on Spotify.
Crypto.com Referral Code: mcmk7qgbhh
Binance Earn Polygon MATIC Interest Rate
Binance is offering the best Polygon MATIC interest rate, 12.2%. Also, the only requirement is to lock up your funds for a short period of time, 60 days.
Also, you can choose to lock up your funds for 30 days and still receive about the best interest rate, 11.34%.
Earn Polygon MATIC interest Payouts on NEXO
NEXO is offering the best Polygon MATIC interest rate. Here, you can get 16% APY which is great! The base interest rate is 10% and to achieve the extra 6% you have to fulfill some criteria listed below.
However, to receive the best MATIC interest rate you have to:
To receive 16% interest on your Polygon, you have to:
- Become a Platinum Loyalty tier client by making sure 10% or more of your Portfolio Balance comprises NEXO Tokens (Up to 1% extra).
- Opt to earn your interest in NEXO Tokens for up to 4% additional interest.
- Create a 1-month Fixed Term for an extra 1% interest.
NEXO pros and cons
- Both desktop and app available
- Fast and good support
- $375 million insurance
- Daily compound interest payouts
- Exchange feature
- Great fiat deposit on ramps available
- NEXO crypto credit card from Mastercard
- Its a bit complicated to understand all criteria to achieve the highest interest rates in the beginning.
What is Polygon MATIC?
Previously known as the Matic Network, Polygon is an interoperability layer 2 scaling solution for building Ethereum-compatible blockchains.
The blockchain uses the Matic token for governance, staking and for gas fees via a proof of stake (PoS) consensus mechanism.
What is a layer two scaling solution?
The main goal of a layer 2 solution is to scale the layer 1 (In this case Ethereum Mainnet) by handling transactions off the main chain. However, it should still take advantage of the robust decentralized model of the Mainnet.
If a Mainnet becomes too busy transaction speed and cost suffers which will make user experience poor and in worst case applications and users will leave the network.
Layer 2 scaling solution have therefor a very important role in the future of blockchains because it seems there is no layer 1 solution that can process enough transactions, yet.
Coin Bureau about Polygon MATIC
Polygon MATIC is a very promising Ethereum layer 2 solution for the network to be able to scale.
The largest crypto channel on Youtube, Coin Bureau, have covered Polygon MATIC several times.
Below, you find the latest video about Polygon MATIC.
Why look for the best Polygon MATIC interest rate?
It´s very important to look after the best Polygon MATIC interest rate.
Over long term there will be an extreme interest on interest effect, or compounding effect.
In the image below, you can see a famous quote from Albert Einstein regarding compound interest.
Are there any Risks with Polygon MATIC interest accounts?
Yes, as for any investment there are risks associated with Polygon MATIC interest accounts.
Some of the risks are
- The company you deposit into can go bankrupt
- The company you deposit into can be hacked
- The cryptocurrency you own can loose in value (Also, some of the above companies have lock up periods and you might not be able to sell in time)
Best place to buy Polygon MATIC
In the table below, we have listed the three best crypto exchanges to buy Polygon MATIC. Coinbase and Kraken are both US regulated and allow US residents to sign up and trade.
Binance is not a regulated exchange and doesnt allow US traders to sign up.
If you sign up with Binance you will get -20% on all fees ever charged by Binance.
Pay tax on Crypto Matic Interest Payouts
Yes, you have to pay tax on your crypto interest payouts. This apply to all cryptocurrencies, including MATIC interest payouts.
These are usually taxed as income from capital but can varies from country to country.
There are two very good crypto tax software that will automate your tax reporting procedure for you. These are Cointracking and Koinly.
No Financial Advice, Information only. Do your own research