Author - Daniels Kenneth In category - Cryptocurrency exchange Publish time - 24 August 2023

how to buy gala

The games all feature simple and intuitive gaming mechanics, and best of all players get the keep whatever virtual items that they win in a game. Should you wish to trade or sell any of these virtual items they are also verifiable on the blockchain to ensure the true ownership of these virtual items. From humble beginnings, Kraken now offers over 200 digital assets including Gala Games (GALA).

At approximately 0200 UTC daily, there are 17,123,286 new GALA tokens introduced into the circulating supply. Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page. If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can buy GALA.

Note that digital assets such as cryptocurrencies present unique risks for investors. Please see our disclaimer regarding risks specific to holding digital assets before investing. GALA is the token for Gala Games, a platform for blockchain gaming that allows users to earn cryptocurrency as they play. GALA tokens can be used to make in-game purchases or transact with other players.

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. This exchange is best for investors residing in Australia, Singapore, UK & internationally. Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume. You could also choose to convert your GALA into another cryptocurrency. On Coinbase, when the Buy-Sell window pops up, it also has a tab for converting.

At this point, the Gala website recommends that you set up a wallet for all the GALA tokens you’ll be earning as you play. Click “Finish Setup,” and then create a transfer code for your wallet. The transfer code proves ownership of your wallet — so keep it secure. Gala does not have access to your individual wallet’s code, and it is unrelated to the username and password you used to register. If you lose or forget the transfer code, you’ve effectively lost the contents of your wallet.

What are the best ways to buy GALA?

Additionally, most of these microtransactions are not refundable, meaning that if you stop playing the game, there’s no way to reclaim the money you’ve spent. We believe everyone should be able to make financial decisions with confidence. Launched in 2018, WazirX is India’s biggest cryptocurrency exchange with over 6,o00,000 users, and is expanding rapidly. It is one of the most reputable exchanges to currently offer Gala Games (GALA) trading opportunities and currently accept clients from all over the world.

If your account fails this review process you may want to instead use this method of buying Gala on Binance. For insight and analysis of Gala fundamental and technical data, check out our Gala Price Page. Our entire platform — including the website, mobile app, documentation, and support — are all available in more than 20 different languages.

  • For more sophisticated investors Kraken also offers futures and margin trading.
  • Deposit crypto you already own from any supported network and trade it into GALA via the Uphold app.
  • Also, cryptocurrencies are typically more volatile than stocks or real estate.
  • The trading view is completely customizable with the assets that you trade the most, and is very easy to navigate while providing a modern feel on both desktop and mobile.
  • For added security, The Coinbase wallet also uses 2-factor authentication and SMS authentication via a verified phone number to access the wallet.

Make sure they know to click the link to register so that you receive credit (if you’ve ever done this with ride-hailing apps like Uber or Lyft, it works pretty similarly). In the short- to medium-term, Bitcoin performance will impact the price of GALA the most. In the long term, the play-to-earn blockchain gaming sector should have huge growth potential. The Gala network is secured by its own set of nodes called Founder’s Nodes.

Here are the different payment methods you can choose to buy GALA on Uphold. You can set your wallet up without giving any personal details so you can stay anonymous, and the wallet private key is stored locally on your phone so you are guaranteed privacy. Hardware wallets are like secure USB sticks with one job- to be a firewall between your Gala and the outside world.

They also receive different perks, like sneak peeks from the development team on what’s coming up, or complimentary NFTs when games are added to the platform. Like many other popular cryptocurrencies, Gala is not without controversy. Recent reports have alleged that dating back to September 2021, over a hundred unique Gala wallets were hacked and hundreds of thousands of dollars have been stolen from its players. Unfortunately, Gala hasn’t really responded to public outcry from the victims of the hack, and it hasn’t become clear if it plans to address concerns about security.

However you won’t be able to use any of these options until you’ve added more security to your account and verified your identity. You must be the account holder in order to initiate a SEPA bank transfer and purchase Gala on Kriptomat. You can easily exchange any portion of your Gala balance for another cryptocurrency of your choice.

Low-fee SEPA Bank Transfers

For more sophisticated investors Kraken also offers futures and margin trading. Ledger comes out on top of all the hardware wallets on the market when you compare security, ease-of-use and cost. These are the same chips in most high-end data storage solutions like credit cards and passports. is an independent comparison platform and

information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services.

Click the Google authentication option and follow the instructions to set it up. Political events, the world economy, celebrity endorsements, and market news are among the countless factors that influence crypto prices. To see how GALA tracks the overall market, check out our comprehensive cryptocurrency price page.

How to buy GALA with an EU bank account

You will then be given the option to either take a photo of the identification and your face using your webcam or upload files of the same. If you’re on a mobile phone, you can click the supplied link to continue verification on your phone. You will be asked to increase your account security by enabling 2FA (two factor authentication).

how to buy gala

Ledger wallets support the storage and sending of Gala as well as many other cryptocurrencies- you can see a full list here. You may be told that your account is under review to assess if you are eligible to purchase cryptocurrencies using a credit card or debit card. Nodes are basically a software algorithm that is downloaded and runs each day, and node operators are compensated with GALA tokens each day for helping validate transactions. Node owners don’t really need to do much; they’re basically allowing the network to use computational power from multiple different sources to keep transactions moving along. Unlike most gaming networks that are powered with blockchain technology, Gala Games are designed to be fun with the blockchain being an invisible component in the background.

All games on the Gala platform are free, so you can start playing immediately and earn Gala while you play. Serious gamers can choose to pay $50 for a lifetime Gala Gold membership. Gold members receive access to a private Gala Discord community, where you can chat with other members.

How do I find the best places to buy GALA?

Unfortunately Binance has barred US citizens from using their international exchange. Instead Binance has built a US based exchange- but it does not allow the purchase of Gala. A limit order lets you manually set the price at which you want to buy Gala (GALA). This review process usually takes under two minutes but may take up to two hours. Once your account is secured, return to the dashboard and click ‘security’.

how to buy gala

If you own a Gala wallet, be sure to regularly update passwords and avoid websites that may contain malware while you have access to your wallet. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

For the most up to date cryptocurrency prices, check out our table below. Kriptomat customers are able to purchase Gala for cash with either a credit or debit card. Card transactions also provide an instant solution to get you into the cryptocurrency game immediately – no waiting for funds to settle. This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice and before taking any action you should consult your own advisors.

The MyEtherWallet Ethereum wallet service

But how can they afford to pay players currency that holds real value? Gala develops collectible non-fungible tokens — digital assets — that can be used in their games. These NFTs are initially sold to the public, and then can be traded among users. Each time a Gala NFT is bought or sold, Gala collects a royalty commission of 2.5%. The cryptocurrency markets offer a unique opportunity not seen in many other investment classes.

Introduce a friend to crypto and help us build the fastest-growing, simplest, safest crypto platform in Europe. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio. The whole process can take as little as 10 minutes and all you’ll need is a smartphone or computer, photo identification and a means of payment. If you choose to get out of your investment, there are several ways you could do it. When to sell out of an investment is something each investor will have to decide for themselves.

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