Best Polygon MATIC Interest Rates APY and Staking Rewards

Best Polygon MATIC interest rates and highest ROI

We list the best Polygon MATIC interest rates APY and staking rewards. In addition, 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 crucial to get a yield on your cryptocurrency holdings to grow your portfolio over a long-term investment period.

Polygon MATIC will give you an excellent 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?

We have listed all the best places to receive Polygon interest on your MATIC holdings in the table below.

As you can see, the interest rates are suitable for the Polygon MATIC token.

We believe depositing into crypto interest accounts is the best crypto HODL long-term investment strategy for beginners.

Invest

Interests

Review

*Sign up bonus with terms and conditions

**Reduction in fees

***Celsius Network is offering deposit bonus promo codes 

MyCointainer Polygon MATIC Staking Rewards

Mycointainer offers the best staking rewards for Polygon MATIC and allows US investors to sign up and earn. Mycointainer is an online automatic staking masternode platform.

It’s a very easy-to-use and beginner-friendly interface. In addition, customer support is extremely fast to respond to any inquiries.

 

Kucoin Margin Lending Polygon MATIC Interest rates

Kucoin margin lending is a marketplace for peer-to-peer lending and borrowing.

Here, borrowers funds their margin with help of this market, and lenders receive interest on their holdings.

Kucoin lending is available for US customers.

See the current Polygon MATIC lending rates at Kucoin.

Celsius Network Polygon MATIC Interest Rate

Celsius offers 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 getting a $50deposit bonus.

Celsius Network Pros and Cons

Celsius Pros

Cons
  • Changes in interest rates very often
  • Complicated loyalty system to achieve the highest interest rates

Celsius Loyalty Levels

Celsius Network loyalty levels are summarized in the table below. There are four levels Bronze, Silver, Gold, and Platinum.

How many CEL do you need to hold to achieve a certain loyalty level? Hold>25% or 25.000 CEL for Platinum, whichever is lower.

Bonus: What bonus reward will you receive for each loyalty level?

Discount: How much discount on the loan interest rate will you get if you take a loan?

Celsius Logo

CEL

Bonus

Discount

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.

 

Code: 187146807e

Crypto.com Polygon MATIC Interest Rate

Crypto.com has one of the best interest rates for the Polygon MATIC token,

However, you must fulfill some of the criteria to receive a reasonable rate, and if you are not prepared to do so, you better check Binance, Celsius, or YouHodlder, which will give you around 11-12% with no or less,  requirements.

The Crypto.com interest rate is dependent on

  1. How many CROs you have staked (Or the fiat value of your staked CRO)
  2. Your lock-up period (Flexible, one month or three months)

Crypto.com is offering the 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, 60 days. 

Also, you can choose to lock up your funds for 30 days and still receive about the best interest rate, 11.34%. Read more about Binance locked staking review and rewards.

With Binance’s flexible staking, you can earn 6% APY.

Locked Staking

APY

Earn Polygon MATIC interest Payouts on NEXO

NEXO is offering the best Polygon MATIC interest rate. Here, you can get 16% APY which is excellent! However, the base interest rate is 10%, and to achieve the extra 6%, you have to fulfill some criteria listed below.

NEXO is a regulated and licensed crypto lending company with insurance.

However, to receive the best MATIC interest rate, you have to:

For example, 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

Pros

Cons
  • It’s a bit complicated to understand all criteria to achieve the highest interest rates initially.
 

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 gas fees via a proof of stake (PoS) consensus mechanism.

What is a layer two scaling solution?

The main goal of a layer two solution is to scale 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 suffer, which will make the user experience poor, and in the worst case, applications and users will leave the network.

Therefore, layer two scaling solutions have a vital role in the future of blockchains because it seems no layer one solution can process enough transactions yet.

Coin Bureau about Polygon MATIC

Polygon MATIC is a very promising Ethereum layer two solutions for the network to be able to scale.

The largest crypto channel on Youtube, Coin Bureau, has 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 essential to look after the best Polygon MATIC interest rate.

Why?

Over the long term, there will be an extreme interest on the interest or compounding effect.

In the image below, you can see a famous quote from Albert Einstein regarding compound interest.

Compund 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

  1. The company you deposit into can go bankrupt
  2. The company you deposit into can be hacked
  3. The cryptocurrency you own can lose in value (Also, some of the above companies have a lock-up periods, and you might not be able to sell in time)
Read more about crypto risks in our article about crypto risk management.

Best place to buy Polygon MATIC

We have listed the three best crypto exchanges to buy Polygon MATIC in the table below. Coinbase and Kraken are both US-regulated and allow US residents to sign up and trade. 

Binance is not a regulated exchange and doesn’t allow US traders to sign up.

If you sign up with Binance, you will get -20% on all fees ever charged by Binance.

Exchange

Offer

Go

*Sign up bonus with terms and conditions

**Reduction in fees

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.

Tax Software

Offer

Go

Cointracking crypto tax software logo

No Financial Advice, Information only. Do your own research

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