Introduction
Staking GALA can be a great option for those who want to hold GALA while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.
Step-by-Step Guide
1. Obtain GALA (GALA) Tokens
To stake GALA, you need to own it. To obtain GALA, you'll need to buy it. You can choose from these popular exchanges.
See all 61 pricesPlatform Coin Cost PrimeXBT GALA (GALA) 0.01 YouHodler GALA (GALA) 0.01 Binance GALA (GALA) 0.01 BTSE GALA (GALA) 0.01 Coinbase GALA (GALA) 0.04 Kraken GALA (GALA) 0.01 2. Choose a GALA Wallet
Once you have GALA, you'll need to choose a GALA wallet to store your tokens. Here are some great options.
View all 4 staking rewardsPlatform Coin Staking returns YouHodler GALA (GALA) Up to 7% p.a. Bitmart GALA (GALA) Up to 1% p.a. 3. Delegate Your GALA
We recommend using a staking pool when staking GALA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their GALA, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Begin Validation
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the GALA network. You'll be rewarded with GALA for these validations.
What to Be Aware Of
There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.
Latest Movements
GALA (GALA) is currently priced at USD 7 with a 24-hour trading volume of USD 260.52M. The market cap of GALA stands at USD 1.44B, with 42.39B GALA in circulation. For those looking to buy or trade GALA, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- USD 1.44B
- 24-hour volume
- USD 260.52M
- Circulating supply
- 42.39B GALA
