Kraken
With a market cap of $334,093,882.00 USD, GALA ranks as the 206th largest cryptocurrency by market capitalization in the world. It is currently trading at a price of $0.0071 USD per coin, and trades using the cryptocurrency code GALA.
GALA is a highly volatile asset capable of major price swings in a single day. So before you buy GALA, make sure you understand these unique risks as well as its legal and tax status in Canada.
If you want to buy GALA in Canada or track its performance, keep reading to see the latest GALA price, market cap, and trading volume, along with a step-by-step guide for how to invest in GALA crypto in Canada.
| Current price | $0.0071 |
|---|---|
| All-time high | $0.82 |
| All-time low | $0.00013 |
| 1-year price change | ▼ -86.14% |
| Market cap | $334.09M |
| Market cap rank | #206 |
| Total volume (24h) | $20.83M |
| Circulating supply | 46,827,587,012 |
| Max supply | 50,000,000,000 |
| Where to buy GALA | Buy on Kraken |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process of buying GALA can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these 5 steps to learn how to buy GALA in Canada:
The easiest way to buy GALA is from a cryptocurrency exchange. Choose an exchange that offers low fees, ease of use or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada or compare options below.
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
You can now exchange your funds for GALA. On beginner-friendly exchanges, this is as simple as searching for the coin name (GALA) or for its crypto code (GALA), entering the CAD or GALA amount you want to purchase and clicking "Buy".
Consider transferring your GALA to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
We've curated a list of legitimate crypto exchanges below where you can buy GALA in Canada to help you compare deposit methods, supported fiat currencies and fees.
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
The GALA (GALA) coin price is $0.0071 USD, which is +0.14% higher than the previous day's trading price of $0.0071 USD. Over the past 30 days, GALA's price has changed by -22.98%, from $0.0093 USD to the current price of $0.0071 USD. Compared to this time last year, GALA's coin price has seen a decrease of -86.14%.
GALA reached its all-time high price of $0.82 USD on November 26, 2021, which was a +612,023.93% increase from its previous all-time low price of $0.00013 USD, which it reached on December 28, 2020. It has since landed at its current price of $0.0071 USD.
Yes, you can buy GALA in Canada. Simply open an account with a crypto exchange that operates in Canada and supports GALA—like the ones in our curated list above—and place a buy order. For example, Kraken supports GALA and is a registered crypto exchange in Canada.
Because GALA is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
The Venn diagram covering people into crypto and people into gaming is probably very close to being a circle, so Gala Games and its project to unite the 2 worlds make sense. The GALA coin is the utility token for the Gala Games ecosystem: at present it's used for in-game purchases of both conventional items and NFTS in Town Star, a mobile game similar to FarmVille. Gala boasts the involvement of Eric Schiermeyer, one of the co-founders of casual gaming giant Zynga – which created FarmVille – so there's some deep experience to draw on. The USP is that, unlike the traditional model, in-game assets encoded as NFTs means players truly own what they buy inside the game, rather than having them restricted to the original game's platform. According to VentureBeat.com, the company is planning to launch Mirandus, a more sophisticated role-playing game, later in the year. This is likely to offer the same system for in-game purchases.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy GALA with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload some government-issued photo ID, and in some cases a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying GALA with a credit card, you should be aware of the additional cost and risks.
For instance, credit card fees are usually higher than bank transfers or e‑transfers. Some card issuers may even block cryptocurrency transactions or treat them as (more expensive) cash advances. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy GALA, you could end up paying this:
And if it took you three months to pay off your GALA purchase at the typical credit card interest rate of 19.99% APR, you would pay an additional $0.37 USD in interest on top of what you originally paid to buy GALA.
This example can help you compare the relative cost of buying GALA with a credit card versus other lower‑fee methods such as Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying GALA, or visit our guide on buying crypto with a credit card for more details.
Yes, it is possible to buy GALA with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy GALA with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform, and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Given there are billions of gamers around the world, creating a crypto specifically aimed at them would seem a no-brainer - especially given their enjoyment of both collecting digital items and enthusiastic spending of their disposable income on doing so. That said, there are still a few things to think about before you invest:
After a huge spike in interest following its March 2021 launch, the price took several months to match its early boom times. However, at the time of writing (29 November 2021) GALA has reached $0.66
Two games are currently live and the company claims several more are in development, but there is no guarantee all of them will launch
GALA is available at Coinbase Pro, Crypto.com, Uniswap, Bitrue, DigiFinex, Polyient DEX, Hotbit, MXC, SushiSwap, and BitMart
Pooled staking rewards are, at the time of writing, not available. However, daily rewards and random NFT drops are available in return for running a node on the network.
The price of these nodes increases for every 100 sold, with the pool of rewards on offer becoming diluted in proportion. The number of nodes is capped at 50,000, with the final 100 set to be priced at a hefty USD$33,000
Buying GALA directly with fiat cash is possible via Coinbase Pro and HitBTC
Bear in mind that while you can buy NFTs within the Gala Games ecosystem, they are distinct from the GALA cryptocurrency
There are two main options for storing GALA once you've bought it—keeping it on an exchange, or storing it in your own personal wallet. Take a look at our full guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your GALA on an exchange, that opens you up to risk in the event the exchange is hacked or compromised in another way.
It's generally much safer to store your any crypto you own on a software or hardware wallet, which gives you full control and custody of your coins.
Like all crypto, GALA is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to how other investments, like stocks and ETFs, are.
Money you get from selling GALA can be treated as income or as a capital gain. That said, the CRA will tax crypto profits differently if you're a casual GALA buyer as opposed to whether your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our full guide to crypto tax in Canada.
Keep in mind that buying GALA can be risky. But if you decide to invest in GALA, look for a regulated crypto exchange in Canada that supports GALA and make sure to store your crypto securely.
Once you've bought GALA, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on GALA's price over time to help decide whether to keep it on an exchange, sell it or move it to your wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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