How to Stake GALA (GALA): A Comprehensive Guide for 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. 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. 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. 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. 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.

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

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

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.