Learn everything you need to know about Gala or GALA. Also learn how and where you can buy Gala in 2022.
Cryptocurrency is a digital money that has no physical backing. These coins are only available virtually. Online traders can exchange Gala to other virtual cryptocurrency coins. Gala is a digital currency. Unlike other types of money, your Gala is unique and cannot be stolen by a competitor. The value of Gala depends on the total supply and demand of the coin. People who solve complex algorithms (known as “proof of work”) earn new Gala. These people called miners.
The idea behind Gala is to create a peer-to-peer payment system without the involvement of banks or other intermediaries. Gala is a form of digital currency that allows individuals to transfer funds directly from one party to another without using a central bank.
Today, in this article, we are going to share how to buy and trade in Gala. You will also learn Where to buy Gala securely without any issue.
About Gala Coin: Price, Rank, and Market Cap
| Price to USD | $0.193174 |
| Price to BTC | 0.0000047913BTC |
| Rank | 71 |
| 24h Volume | $195.5 Million |
| Market Cap | $1.3 Billion |
| Fully Diluted Market Cap | $- |
| All-time high | $0.831470 |
What is GALA and How Does It Work?
GALA is the ERC-20 utility and rewards token for Gala Games Ecosystem. Founder’s Nodes operators earn GALA and limited edition non-fungible tokens (NFTs) for providing resources to run games on the Gala Network. GALA is transferable between players and may be used to purchase NFTs representing in-game items such as land and buildings. Players of the Town Star game can purchase CraneBot NFTs to speed up the building process of the Town Star world. NFT ownership is permanent on the Gala Games Ecosystem, and users will never be prevented from accessing their in-game items for example from being banned by a moderator. Users can trade, sell, or give items away to other users at any time, and items are not platform specific. Developers may integrate Gala Games NFTs within their own games to extend functionality.
Technology behind Gala (What is GALA )?
Blockchain is the technology behind the all cryptocurrency like Gala. Gala is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and and decentralized. So no one can control or manage it.
What is blockchain technology?
A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using blockchain, user can confirm transactions without a need for a central clearing authority like bank. All your records are saved on decentralized computers in realtime. So no one can manipulate with any information.
Overview on Gala: The latest Valuation!
The live Gala price on April 24, 2022 is $0.193174 USD with a 24-hour trading volume of $195.5 Million USD. We update our Gala to USD price every 24 hours. The current market cap of Gala is $1.3 Billion.
The value of the coin is 0.193174 in comparision with BTC. The Rank of this coin is 71. Till now, the coin has reached the value of 0.831470.
The total supply of Gala is 37.279 B and the maximum supply is -. As of today, the volume of this Gala is $195.454 M. The total market cap of Gala is $7.201 B.
Step by Step Guide to buy Gala in 2022
If you are new to Crypto world and want to start trading in cryto coins like GALA then here is a complete guide for you. There are somany platforms that allow buying Gala and sell Gala and all platforms and crypto exchanges are secure and safe. But some cryptocurrency exchanges are complex to use for a new users. Coinbase is the trusted place to buy, sell, and manage your digital currency like Gala, and ETH. If you want to trade Gala directly, you can do it easily on Coinbase. You will have to pay minor transaction fee.
We will share some best platforms where you can buy GALA easily and also we will share how to buy GALA using your computer or smartphone.
Some cryptocurrencies, like Gala, can only be purchased with another cryptocurrency on decentralized exchanges. Some coins can only be purchased with Ethereum (ETH) and then use ETH to buy Crypto coins. You have to choose the one that crypto exchange that suits your needs and criteria. Be aware of fee policies, before using it.
Today, Coinbase is one of the most popular and secure decentralized exchange to buy and trade in Gala on cryptocurrency markets.
Many experts recommanded decentralized exchanges instead of using centralized exchange.
Step 1: Download & Register on Crypto Exchange to buy
If you want to start investing in Gala or want to buy Gala then you have to first download Coinbase wallet. Coinbase Wallet is available as a mobile app and browser extension. Download Coinbase Wallet here.
Once you installed Coinbase Wallet on your mobile or browser, open the app and choose username. This username allow you to receive and send crypto.
Step 2: Securely store your recovery phrase
When you create a new wallet, you’ll be given a recovery phrase that includes 12 random words. Note that this key is access to your account. Anyone with this recovery phrase can access all your crypto coins. So keep this private and do not share it. You can also use Coinbase Wallet’s cloud backup feature to save the recovery phrase. If you lost it, Coinbase cannot help you with anything.
Step 3: Buy Coins to Coinbase Wallet
First create a new account on Coinbase. To create new account, just download the app on your mobile or open the official website of coinbase.
1. When app or website opens, click on get started.
2. Enter your basic personal information like email and password
3. Once done, you can access your Coinbase account.
4. Click on Assets and then again click on Explore Assets.
5. Now here search for Gala then click on Buy.
5. You will need to verify your identify using ID card. Once done, you can easily buy Gala.
If Gala is not available on Coinbase, you have to first buy ETH and then trade it with the Gala.
If you’re using the Coinbase Wallet, tap the Convert. Then Search for Gala and input the amount of ETH you’d like to exchange for Gala. Remember to leave enough for transaction fees. Transaction fee is different from one exchange to another.
If Gala is not available on Coinbase, you can use other Crypto exchanges like Binance, Bitmart, HitBTC, and Kucoin.
Transfer your Gala to an Altcoin Exchange!
Gala is a virtual digital currency that can be traded like stocks or bonds. An crypto exchange is required to buy and sell cryptocurrencies, including Gala. You can exchange Gala for cash or other assets. If you want to keep your money safe then exchange your Gala to stable coins like altcoin or USD Coin.
According to Crypto experts, you should use a popular exchange where you can trade altcoins which has impressive liquidity.
Many crypto millionaires recommend BitMart because it supports many crypto coins and meme coins too.
Below is the list of some popular exchanges where you can buy popular crypto coins and exchange your Gala for stable coins.
| Exchange | Register |
|---|---|
| Coin Switch | Register |
| Bittrex | Register |
Just register using your mobile number or email address, verify your ID and then start trading in Gala.
What is Binance?
Binance is well-known for its wide range of trading pairs, which includes cryptocurrencies that most other exchanges consider far too risky for their customers. Binance has its own smart contract blockchain, the Binance Smart Chain, which sets it apart from competitors (BSC). When compared to the Ethereum network, which now has over 5,000 active nodes, the Binance Smart Chain only has 21 validators. Scalability trumps security in this case. You can easily buy Gala using Binance.
How to Sell Gala?
If you want to sell your Gala then here are the steps.
Step 1: First login into your decentralized exchange where your Gala coin is stored.
Step 2: Click on Buy/Sell in the menu bar.
Step 3: Click on the Gala coin and choose sell.
Step 4: Choose the amount of Gala coin you’d like to sell and then Complete your transaction.
Step 5: Confirm the sell price and fees and close your sale of Gala coin.
FAQs on How & where to buy Stable BTC
Q.1. Is there any option to buy Gala with cash?
Ans. Unfortunately, you cannot buy Gala with cash. You can use LocalBitcoins to explore more options if you want to buy Gala with UPI.
Q.2. Can Gala be used anonymously?
Ans. Gala is not anonymous till now. It is because transactions and balance appear publicly on the network.
Q.3. What is the Current Market Price of Gala?
Ans. Current market price of Gala as of today is 1.3 Billion.
Q.4. Gala to USD Price?
Ans. $0.193174
Q.5. What is the Max Supply of Gala today?
Ans. -
Q.6 Can we buy Gala coin in Europe?
Ans. Yes, you can use popular decentralized exchanges like Binance or Bittrex to buy GALA.
Q.7 How to Buy Gala coin in India?
Ans. You can use Coinbase or CoinDCX to buy GALA in India in 2022.
