Where and How to Earn GALA (GALA)

Introduction

Lending GALA can be an excellent choice for those looking to hold GALA while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide

1. 1. Acquire GALA (GALA) Tokens

   To lend GALA, you must first acquire it. To obtain GALA, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   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

   See all 61 prices

2. 2. Choose a GALA Lender

   Once you have GALA, you'll need to select a GALA lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   YouHodler	GALA (GALA)	Up to 12% APY
   Blockchain.com	GALA (GALA)	Up to 1% APY

   See all 6 lending rates

3. 3. Earn GALA

   Once you've selected a platform to earn your GALA, transfer your GALA into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.

What to be Aware of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.