Where and How to Stake Galxe (GAL)

Introduction

Staking Galxe can be a great option for those who want to hold GAL 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 Galxe (GAL) Tokens

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

   Platform	Coin	Price
   Bitpanda	Galxe (GAL)	4.11
   Kraken	Galxe (GAL)	1.94
   Coinbase	Galxe (GAL)	1.86
   Gate.io	Galxe (GAL)	0

   See all 4 prices

2. 2. Choose a Galxe Wallet

   Once you have GAL, you’ll need to choose a Galxe wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Binance	Galxe (GAL)	Up to 14.79 APY

3. 3. Delegate Your GAL

   We recommend using a staking pool when staking GAL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their GAL, 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 Galxe network. You’ll be rewarded with GAL 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.