How to Stake GALA (GALA): A Step-by-Step Guide for South Africans

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 may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. Acquire GALA (GALA) Tokens
To stake GALA, you first need to acquire it. To obtain GALA, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint 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
View all 61 prices
2. Select a GALA Wallet
Once you have GALA, you'll need to choose a GALA wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
YouHodler GALA (GALA) Up to 7% APY
Bitmart GALA (GALA) Up to 1% APY
View all 4 staking rewards available
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. 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.

Platform	Mint	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

Platform	Mint	Staking rewards in South Africa
YouHodler	GALA (GALA)	Up to 7% APY
Bitmart	GALA (GALA)	Up to 1% APY

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.