Earn up to 1.4% in Polygon (POL) staking rewards on Bitbuy by holding some or all your favourite cryptocurrencies in a stable and regulated environment and enjoy a passive income that is paid to you every 12 hours.
By staking your POL holdings on the Polygon network, you can earn up to 1.4% in passive income and watch your investment grow by locking in your cryptocurrency assets for any length of time you choose. Earnings from staking rewards are issued every 12 hours, and every transaction is encrypted using SSL technology and two-factor authentication, offering you an additional layer of security. Bitbuy gives clients some of the best staking reward rates in Canada today, which means more of your money is allocated directly to you. Check out our handy calculator to see how much you can earn here.
With POL staking, you can take comfort in the fact that the entire process is quick and easy.
Step 1. Deposit funds via Interac eTransfer or bank wire.
Step 2. Designate the amount you want to invest and purchase POL.
Step 3. Select POL as the crypto you wish to stake.
Remember, your crypto holdings will never leave your account, and funds will be paid out every 12 hours. Since Bitbuy is your primary digital platform, you can be confident that your assets are safe and secure. Plus, you can unstake your POL investment at any period and withdraw your funds.
Here is a breakdown of how staking your POL holdings works:
· Polygon uses a Proof-of-Stake (PoS) cryptocurrency consensus mechanism that verifies transactions and builds new blocks through randomly selected validators.
· POL is the native cryptocurrency on the Polygon network.
· Validators are chosen based on how many POL coins they have locked up in the blockchain network.
· POL holders can stake their tokens to a minimum of one validator to the Polygon network.
· Anyone who owns even a single POL token can stake their coins to one or multiple validators.
· POL holders can stake on the Polygon network.
· After the tokens are picked to validate a block, stakers will earn a POL staking reward.
By staking on the Bitbuy platform, clients never have to worry about extended lockup periods. Put simply; holders can unstake and withdraw anytime subject to the unbonding time of each blockchain network.
Staking transactions on Bitbuy are always fast and efficient. The process is simple enough: Connect your bank account directly to Bitbuy to fund your account or withdraw. If life were only that easy!
Today, Bitbuy maintains the lowest staking fees in Canada. By relying on a Canadian-based digital platform, you do not need to worry about foreign-exchange fees.
The customer support team can answer all inquiries, questions, and concerns that you may have. You can visit our support page, which has plenty of answers to your questions or reach out to our terrific customer support staff.
Bitbuy is Canada's most reputable cryptocurrency platform! Bitbuy is also the first Toronto Stock Exchange-listed company and one of the few Ontario Securities Commission-registered crypto trading platforms in the nation to be given regulatory approval to offer clients staking.
Bitbuy does not participate in fractional reserves, and we do not loan out your assets to earn rewards. Your assets are always maintained at a 1:1 ratio. Check out our latest Proof-of-Reserves audit here.
POL is the native cryptocurrency of the Polygon network that is utilized to facilitate development across Ethereum-compatible blockchain networks. It can be used for transactions and staking.
There is a minimum amount required of 1 POL to start staking on Polygon. You can stake a single token or thousands of tokens.
The objective is simple enough: The more you stake, the more you earn.
The only way to acquire tokens is to purchase POL on a cryptocurrency exchange like Bitbuy. So, all you will need to do is launch a Bitbuy account, and then you can buy as much or as little POL as you want.
Since the first cryptocurrency was mined more than a decade ago, the crypto industry has flourished, from the number of businesses that accept digital currency to the creation of some of the best crypto exchanges worldwide. One of the best online crypto trading platforms is Bitbuy. This is a Canadian-owned and operated cryptocurrency platform for all types of investors, be it novice traders who want an easy-to-use user experience or advanced traders who are searching for the best tools to buy and sell crypto. Whether you are searching for top-notch security or low fees, Bitbuy offers you exposure to a treasure trove of coins, including POL.
Like other staking coins in the crypto ecosystem, POL rewards will be higher to start and will fall as the locked supply percentage increases. In addition, Polygon will allocate 12% of its total inventory of ten billion tokens to fund staking rewards.
POL uses a Proof-of-Stake (PoS) consensus mechanism to operate the Polygon network. Polygon has been widely celebrated for replacing the costly and energy-intensive Proof-of-Work (PoW) consensus mechanism.
Bitbuy will begin depositing your POL staking rewards into your crypto account every 12 hours.
You can earn up to 1.4% on the amount you staked. Your staking rewards can grow faster by automatically re-staking the rewards, allowing you to compound your returns.
Although staking is a safe and secure investment decision, the trading strategy does pose some risks, much like any other investing endeavour. Please refer to Bitbuy’s POL Staking Risk Acknowledgement.
The most significant concern with staking is typically slashing. This means missed rewards from validator errors or infrastructure downtime. Bitbuy prevents slashing from happening by partnering with some of the top infrastructure providers in the digital economy today. One of these is Figment, a firm that has manufactured Bitbuy's systems and processes that can immensely diminish the odds of a slashing event.
Moreover, it should be noted that crypto staking is far safer than crypto lending. Staking rewards originate from the blockchain protocol, while lending generally consists of credit risks. Your staking rewards stem from issuing new tokens instead of depending on a borrower to repay a loan.
You can stake POL for as long as you want; there is no maximum.
Here are the top five cryptos to stake today on Bitbuy:
· Polygon (POL): A PoS consensus mechanism that processes on-chain transactions that enjoys security from Ethereum.
· Ethereum (ETH): A PoS cryptocurrency that supports the underlying technology in the industry.
· Solana (SOL): A PoS blockchain platform that hosts decentralized, user-friendly, and scalable applications.
· Cardano (ADA): A PoS blockchain platform that supports peer-to-peer transactions and serves as an alternative protocol to PoW networks.
· Polkadot (DOT): A PoS blockchain and cryptocurrency that connects blockchains, facilitating the flow of data and value across multiple networks.
· Cosmos (ATOM): A PoS cryptocurrency that supports an environment of blockchains that can scale and interoperate with others. The goal is to manufacture an "Internet of Blockchains."
Staking your POL on Bitbuy is safe and secure. All your staked crypto assets will be stored by our institutional-grade BitGo, a compliant digital asset custody solutions provider and market leader. For POL, your holdings will be locked in a deposit smart contract that will be in the control of BitGo on Bitbuy's behalf.
Earn up to 1.4% in Polygon (POL) staking rewards on Bitbuy by holding some or all your favourite cryptocurrencies in a stable and regulated environment and enjoy a passive income that is paid to you every 12 hours.
Start earning rewards up to 10% in a regulated environment. Earn passive income by allowing the network to use your holdings to forge new blocks on the blockchain. It’s a win-win. You earn rewards, and the coins you invest in benefit from increased stability.
Get started
.svg)
