How to Stake GALA (GALA) in the UK

Introduction

Staking GALA can be an excellent option for those who wish to hold GALA while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain GALA (GALA) Tokens

   To stake GALA, you need to possess it. To obtain GALA, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   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

   View 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 suitable options.

   Platform	Coin	Staking rewards
   YouHodler	GALA (GALA)	Up to 7% AER
   Bitmart	GALA (GALA)	Up to 1% AER

   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, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the GALA network. You will be rewarded with GALA for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.