How to Buy Gala Games Crypto
Updated February 28, 2024
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Many see Gala crypto as an exciting investment, and the process of buying it is quite simple.
The easiest way is to open a cryptocurrency account.
Once you’ve done that, you can then sign up, deposit your funds and buy your Gala crypto.
Here, we look at the process in more detail and give you all the necessary information.
Best places to Buy Gala Crypto
1. eToro
eToro is a dynamic platform for investors seeking diverse opportunities, including purchasing Gala cryptocurrency.
Since its inception in 2007, eToro has pioneered accessible and innovative investment solutions, earning its reputation as a trusted leader in the financial technology space.
With eToro, users access various investment options, including cryptocurrencies like Gala.
eToro traders can engage with a vibrant community of investors, share insights, and leverage the crowd's wisdom to inform their investment decisions regarding Gala and other assets.
Moreover, eToro is regulated by various bodies, including FCA and ASIC. The platform's robust security measures and adherence to industry standards ensure a safe and transparent environment for buying and holding Gala crypto and other digital assets.
In summary, eToro offers a compelling platform for investors interested in acquiring Gala cryptocurrency and exploring various investment opportunities.
To find out more, read our eToro review.
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2. Coinbase
Coinbase is one of the largest and most popular cryptocurrency exchanges in the world, known for its user-friendly interface and strong regulatory compliance.
It offers a wide range of cryptocurrencies for trading, secure storage, educational resources for beginners, and advanced trading features for experienced users.
After setting up and funding your Coinbase account, you can easily search for Gala within the platform and proceed to purchase it using either fiat currency or other cryptocurrencies you may already hold in your Coinbase wallet.
Known for robust security measures, including two-factor authentication (2FA), biometric logins, and cold storage for the majority of customer funds.
3. SushiSwap
SushiSwap is a decentralized exchange (DEX) that operates on the Ethereum blockchain, enabling peer-to-peer transactions without a central authority.
Known for its automated market-making (AMM) system, liquidity pools, and yield farming opportunities.
As a DEX, you'll need an Ethereum-compatible wallet like MetaMask. You deposit ETH or other ERC-20 tokens into your wallet and connect it to SushiSwap to swap for Gala.
While DEXs like SushiSwap offer the advantage of decentralization, they also require users to be more proactive about their security, as there's no central authority overseeing transactions.
4. BitMart
BitMart is a global cryptocurrency exchange that offers trading in a wide range of digital currencies and tokens.
It supports a variety of cryptocurrencies for trading, staking, and futures trading. BitMart also offers its own native token, BMX.
After registering and depositing funds into your BitMart account, you can search for and buy Gala. BitMart provides options to trade in various pairs, including fiat to crypto and crypto to crypto.
Implements security measures like 2FA and cold storage. However, like any online platform, it's important for users to be vigilant and use strong, unique passwords.
How to Buy GALA in Four Steps
There is a simple process for how to buy Gala tokens. It takes about 15 minutes to complete. All you need is an internet connection, a laptop/smartphone, a means of payment, and photo identification.
The process of how to buy gaming Crypto is as follows:
Step 1. Choose a Crypto Exchange
Before you get to buying Gala, you must decide where to buy Gala coin.
Gala Crypto can be bought and sold using the following:
Remember, digital currencies are subject to high market volatility, and Gala is no different.
You should only invest in products that you are familiar with and where you understand the associated risks.
It's a good idea to research the movement of the asset on the market as well as the exchange you’re planning to use.
Make sure you compare different exchanges based on ease of use, fees, access to assets and markets, storage options, support and regulation.
For example, some exchanges are more beginner-friendly regarding trading options, support, and educational content.
In comparison, others have extremely high fees and cater to more experienced traders.
Step 2. Create an Account
Once you've chosen where to buy Gala crypto, the next step is to create an account. The process might vary from one exchange to another.
However, it usually begins with a few simple steps on either the online platform or on the app.
To complete this process, you will need to verify your email address (provide access) and identity (via a photo ID). You might also need to provide your phone number to fully complete your verification, usually when you register through the website.
In any case, have it ready, along with the email address, the ID and a webcam.
You might also need to provide a copy of a bill in your name or bank statement containing your legal address. Identifying verification might take a few hours, so be patient. You'll receive a notification when your identity has been confirmed, and you can start trading GALA or any other asset.
At some exchanges, you might be able to trade Crypto after making a deposit without verification.
However, they only work with currencies they carry and won't allow you to use a local currency to purchase assets. Nevertheless, the verification process can save you time and money later on.
After your identity has been officially verified, enable 2-factor authentication (2FA) before making a deposit (another reason your phone number and /or email address will come in handy). It's a sure way to boost the security of your accounts.
Step 3. Make a Deposit
Now, it's time to deposit funds for buying assets. Make sure you are informed whether the preferred exchange has a minimum deposit policy and fee. It could affect how much Gala you can purchase.
You can make a deposit through several different options, including bank transfers, card payments, PayPal, Apple Pay and other payment methods.
The exchange account page will have a ‘Buy Crypto’ section where you can learn about the available options to make deposits and buy GALA in your location.
Typically, you'll deposit local currency from a credit card or bank account or transfer cryptocurrency from a digital wallet or another crypto exchange.
The safest option is to transfer a fiat currency from a local bank account. It's also the less expensive method, although transfer fees might vary, so check how much it will cost to buy Gala with funds from your bank.
Alternatively, you can look up this information in an exchange app or website (if you're banking with a major financial institution). If you choose this method, you might have to wait a little until the fiat currency is transferred to your exchange account and then use it to buy Gala.
An equally convenient and safe option is to link your bank account or credit card directly to the exchange account. It's often recommended to new members because it saves you the hassle of transferring funds twice.
That said, there might be additional fees involved for direct bank transfers.
Still, the advantage of making instant or recurring purchases might outweigh the inconvenience of the added expenses. Keep this option in mind when researching the platforms.
You need a platform that supports payments via your credit or debit card. Another thing to look out for is whether you can make a purchase through the app.
Some exchanges offer limited features on the apps compared to their websites, and instant purchases are often omitted from the limited number of options.
Ideally, you should be able to buy Crypto with credit or debit on all devices, especially if you prefer to trade on the go.
You can also use another digital currency to purchase Gala. For this, you'll either need to be registered on another exchange or buy another cryptocurrency on the platform you've just registered on.
Some platforms even advise starting off with a stablecoin and trading it with more volatile currencies like Gala. It also offers better compatibility, but if you consider this option, you'll need to research the assets you can trade Gala for each platform.
Making third-party payments might also be a sound option on some crypto platforms. Make sure you check out the ways you can do this on the exchange you use and what's available in your location.
The most straightforward way to buy Gala tokens is through an instant buy feature, although not all platforms provide this option. If yours does, you can use it to purchase tokens for a fixed price.
If you have a little experience and want to set your own price, open a trade on the spot market. Since it's less expensive than the instant buy approach, it's become a popular way to buy Gala.
Step 4. Buy Gala
Once you've secured the funds, it's time to purchase Gala. It's an incredibly straightforward process.
All you need to do is find the coin on the system, enter the amount you want to purchase and click buy.
Check the payment details and fees.
You have a short time (about 60 seconds) to confirm your order at the selected price.
To ensure fair price trading, your order will be recalculated based on the current market price after 60 seconds.
You need to refresh your page to the new price you can expect to pay for the desired amount of Gala.
Step 5. Store
Having confirmed your purchase, you can store the digital currency.
You can do it in your personal digital wallet or hold it in your exchange account.
Alternatively, can trade Gala for other Crypto or use it as a tool for gaining passive income (if your exchange offers this option).
Some digital wallets also provide the opportunity for trading Gala for similar, decentralized tokens.
What Is Gala Crypto?
Gala is an exciting coin, but as with any digital currency, it’s important to do your research before investing due to its market volatility.
Thankfully, we’re here to help by giving you all the information you need when it comes to buying Gala Games crypto.
Here, we’ll give you a step-by-step guide on how to buy a Gala coin while also looking at exactly what the coin is, how it works and answering some important frequently asked questions.
Let’s get started looking into more detail about the Gala coin and answer the question of whether Gala crypto is a good investment.
Unlike a traditional cryptocurrency such as Bitcoin, Gala Crypto is the token used for Gala Games.
Gala is a blockchain-featuring play-to-earn video gaming platform. It rewards players with crypto assets for their in-game victories.
Through this, Gala Games removed a sizable hurdle that caused numerous headaches to gamers in the past, which was the ability to take true ownership of assets earned through play.
Not only that, but token holders are also offered the opportunity to weigh in on game development options, particularly on the reward system and feature releases.
The Gala Games platform includes RTS, MOBA, RPG titles and more.
While there are differences between titles (in functionality and performance), they have one feature in common.
Each game will reward players with digital assets, including the non-fungible token and the native token Gala.
Gala Games Crypto was originally developed for the Ethereum blockchain.
However, soon after the partnership with Polygon network, the connection with BNB Chain with the p.Network Bridge dApp was established, allowing players to send and trade tokens at a reduced fee.
What Is a GALA Coin?
Gala coin is an ERC-20 token with a primary function of in-game purchases.
However, it's also a medium for buying at the Gala node price and exchanging funds between those interacting within the Gala ecosystem.
How Does Gala Games Work?
As mentioned before, Gala Games presents a variety of blockchain games developed by both their in-house studio and outside partners.
The bridge to the Binance Smart Chain facilitated faster and less expensive transactions.
Gala Games relies on several components to deliver play-to-earn games to their followers:
Founders Nodes
The purpose of the system being run by a Founder’s Node is to reduce the risk of fraudulent or malicious behaviour, which is more prevalent in single-entity-run organisations.
It also helps generate Gala assets and validate transactions more seamlessly.
Gala Nodes
Another curious fact about Gala Games is that, unlike similar ecosystems, this one isn't run by a single entity.
Instead, it's controlled by a broad network of computers within a decentralised system.
The participants handling each part of the system are known as Nodes.
They offer computational resources, such as providing processing capacity, storage and validating in-game transactions in exchange for rewards such as Gala.
Rewards
The Nodes are periodically rewarded for their contribution to the safety and efficacy of the system with Gala tokens and rare NFTs.
The winners are chosen by a daily reward drop. They are also offered benefits, like voting on community proposals and weighing in on ecosystem development.
To get a Gala Node license (the requirement to operate a Node), you need Gala, which allows you to purchase the license.
Gala Games Ecosystems
Gala Games offers a variety of games and continues to attract millions of players to the platform.
Besides having several popular games (including Town Star, Mirandus, Spider Tanks, Fortitude and Echoes of Empire), there is also a built-in NFT marketplace supporting all in-game tokens.
The items are divided into six rarity classes (Common, Uncommon, Rare, Epic, Legendary and Ancient).
They can be bought with cryptocurrencies supported by the crypto platform CoinPayments.
How Are Gala Tokens Used?
Due to the diversification of the ecosystem, Gala coin now exists as both an Ethereum-based ERC-20 token and a BNB Chain-based BFP-20 token.
It has been used as a reward mechanism for Founder Node operators, as a means of governance through voting, for in-game player rewards, and as a unit of payment for purchasable NFTs within the Gala Store.
It can also be used to buy a license required to run a node.
Token Distribution
There is a total supply of approximately 50 billion Gala, and some of these are given away regularly. Each day, a pre-specified amount of new Gala tokens are distributed.
These are given to the Nodes, who, besides the ability to vote on governance concerns, gain access to more features thanks to the large amount of tokens they get.
However, if you don't have a Gala license and can't gain Gala, you can still purchase the token on all the major crypto changes like Coinbase, Binance, Uniwasl and others.
Besides gaming, purchasing Gala through these sites offers a terrific investment.
Is Gala Crypto a Good Investment?
Now that we’ve covered what Gala crypto is and how it works, it’s quite clear that it’s absolutely a good investment.
So, if you’re wondering how to buy gaming crypto, here’s what you need to do:
Final Thoughts
Gala Games crypto is a digital currency for the Gala ecosystem tied to Gala Games. This makes it much different from any other cryptocurrencies and an exciting coin to invest in.
You may ask the question of whether you should I buy Gala crypto, but this needs to come down to your own judgement and risk assessment.
Besides using it in games, investing in Gala is also relatively easy and convenient.
You can buy the currency in several exchanges in just a couple of minutes and a few easy steps.
Typically, you would need to open an account on the desired platform, choose your payment option to make a deposit, purchase Gala and store it in your exchange account or transfer it to your digital wallet.
76% of eToro retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two mins to learn more.
