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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire GALA (GALA) Tokens

   To stake GALA, you first need to acquire it. To obtain GALA, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   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

   See all 61 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   YouHodler	GALA (GALA)	Up to 7% APY
   Bitmart	GALA (GALA)	Up to 1% APY

   View all 4 staking rewards available.

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 collective of validators who combine 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'll need 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

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.