Where and how to stake GALA (GALA)

Introduction

Staking GALA can be a great option for those who wish to hold GALA while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire GALA (GALA) Tokens

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

   Platform	Coin	Price
   Uphold	GALA (GALA)	0.04
   Kraken	GALA (GALA)	0.04
   OKX	GALA (GALA)	0.04
   YouHodler	GALA (GALA)	0.04
   Binance	GALA (GALA)	0.04
   BTSE	GALA (GALA)	0.04

   See all 30 prices

2. 2. Select a GALA Wallet

   Once you have GALA, you’ll need to choose a GALA wallet to store your tokens. Here are some good options.

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

3. 3. Delegate Your GALA

   We suggest using a staking pool for staking GALA. It's easier and quicker to get started. A staking pool is a collection of validators who combine their GALA, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have 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 Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.