How to Stake GALA (GALA) in Australia

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. 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.

   Platform	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

   See all 61 prices

2. 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.

   Platform	Coin	Staking returns
   YouHodler	GALA (GALA)	Up to 7% p.a.
   Bitmart	GALA (GALA)	Up to 1% p.a.

   View all 4 staking rewards

3. 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. 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.