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A comprehensive guide on how to stake GALA (GALA)
We have extensive data on staking GALA (GALA) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking GALA is an excellent choice for those looking to hold GALA while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake GALA, you first need to acquire it. You can purchase GALA from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| 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 |
Once you have GALA, you'll need to select a GALA wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| YouHodler | GALA (GALA) | Earn up to 7% APY |
| Bitmart | GALA (GALA) | Earn up to 1% APY |
We suggest using a staking pool for staking GALA. It's easier and quicker to start. A staking pool consists of validators who pool their GALA, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the GALA network. You will be rewarded with GALA for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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