Where and How to Stake GALA (GALA)

Introduction

Staking GALA can be a great option for those who want to hold GALA but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain GALA (GALA) Tokens

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

   Platform	Coin	Price
   PrimeXBT	GALA (GALA)	0.02
   YouHodler	GALA (GALA)	0.02
   Binance	GALA (GALA)	0.02
   BTSE	GALA (GALA)	0.02
   Coinbase	GALA (GALA)	0.04
   Kraken	GALA (GALA)	0.02

   See 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 good options.

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

   See all 4 staking rewards

3. 3. Delegate Your GALA

   We recommend using a staking pool when staking GALA. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their GALA, which gives them a higher chance of validating transactions and earning rewards. You can do 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 be Aware of

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