How to Stake GALA (GALA) in Canada

Introduction to Cryptocurrency in Canada

Staking GALA can be an excellent choice for Canadians looking to hold GALA while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire GALA (GALA) Tokens in Canada

   To stake GALA, you first need to acquire it. To obtain GALA, you'll need to purchase it from one of these popular Canadian 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 in Canada

2. 2. Select a GALA Wallet in Canada

   Once you have GALA, you'll need to choose a GALA wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   YouHodler	GALA (GALA)	Up to 7% APY in Canada
   Bitmart	GALA (GALA)	Up to 1% APY in Canada

   See all 4 staking rewards in Canada

3. 3. Delegate Your GALA in Canada

   We recommend using a staking pool when staking GALA. It's simpler and faster to get started. A staking pool is a group of validators who combine their GALA, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

   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 Canadians Should Be Aware Of

In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.