How to Stake GALA (GALA)

Introduction

Staking GALA can be an excellent choice for those 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-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire GALA (GALA) Tokens

   To stake GALA, you first need to acquire it. To obtain GALA, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   PrimeXBT	GALA (GALA)	0,01 APY
   YouHodler	GALA (GALA)	0,01 APY
   Binance	GALA (GALA)	0,01 APY
   BTSE	GALA (GALA)	0,01 APY
   Coinbase	GALA (GALA)	0,04 APY
   Kraken	GALA (GALA)	0,01 APY

   View all 61 prices

2. 2. Select a GALA Wallet

   Once you have GALA, you'll need to select a GALA wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   YouHodler	GALA (GALA)	Up to 7 % APY
   Bitmart	GALA (GALA)	Up to 1 % APY

   Discover all 4 staking rewards available

3. 3. Delegate Your GALA

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

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the GALA network. For these validations, you will be rewarded with GALA.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.