HomeLatest NewsWhere to buy Gala: Gaming token GALA gains popularity

Where to buy Gala: Gaming token GALA gains popularity

The gaming token GALA has seen an 86% increase and is currently trading at $0.039 at the time of writing

The GALA token that powers the eponymous gaming ecosystem, has seen a rise of 86% in a day. The token is currently trading between a narrow range of $0.02—$0.03 but if the rising volumes are any indication, a strong surge for GALA cannot be ruled out. The $0.03 region is a zone of strong resistance and GALA needs to break out above this barrier to reach higher highs. 

How & where to buy Gala in the UK and elsewhere

Buying cryptocurrencies is no longer a difficult task. There are many broker/exchange platforms where you can buy tokens easily and securely. However, ensure you carry out due diligence before selecting a site. The decentralised exchanges must be avoided as these are not regulated. 

Registering on a platform is easy and all you need to do is provide a username, password and contact details. There is an additional procedure known as Know Your Customer (KYC) which requires you to provide documentation to prove your identity and address. A passport and utility bill are accepted as proof of identity and address respectively. For your benefit, we have shortlisted two of the best platforms where you can trade with ease. 

As GALA is such a new asset, it's yet to be listed on major exchanges. You can still purchase GALA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy GALA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You'll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and 'connect' your wallet to it.

4. You can now swap your ETH for GALA

Now that you're connected, you'll be able to swap for 100s of coins including GALA.

What is Gala and why is it rallying?

The Gala coin is the native token of a gaming ecosystem. Unlike other blockchain games that are centralised, Gala is a completely decentralised network and allows users to act as nodes. The users holding GALA tokens are also allowed to vote on governance matters and also get to decide which new games to list on the network. All major decisions are decentralised and decided by the community.  The in-game merchandise and NFTs can also be won by the users who can then trade these assets for a profit. 

GALA is being listed on Binance today and perhaps this is why the token is seeing a strong price spike. 

Should I buy GALA today?

GALA is a direct competitor to other popular games such as Meme Lordz, Axie Infinity and Binamon. All these tokens have done well even before a full-scale launch but the gaming industry is huge and there is a lot of room for GALA to attract new users. GALA’s decision to ensure full decentralisation is unheard of in the gaming sector. 

The token’s entry price is still low and early holders could be looking at handsome returns in the future. 

This article is informational only—none of the contents should be construed as financial or investment advice.

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