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How to buy Gala (GALA) in India
A beginner's guide to buying and selling GALA in India.
How to buy Gala
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Gala.
- Open an account on an exchange that supports GALA.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Gala.
- Buy Gala.
Complete your Gala purchase and then find the best wallet to store GALA.
What is Gala?
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.
Gala (GALA) is the 143rd largest cryptocurrency in the world by market cap, valued at $645,935,644. The current price of Gala is $0.085684, which is -0.043% lower than yesterday. Prices have ranged between $0.085788 and $0.083337 over the past 24 hours. All prices are listed in US dollars and accurate as of October 24, 2021 04:10 UTC.
Where to buy Gala
Find an exchange to buy, sell and trade GALA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Gala at a glance
|Total GALA supply||35,774,622,304|
|All time high||US$0.139432|
Gala price performance over time
How to sell Gala
You can cash out your GALA with the same exchange you bought it through:
- Sign in to the exchange you have GALA on.
If you store your Gala in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of GALA you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Gala.
What to consider when buying GalaGiven there are an estimated 2.8 billion 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 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, at the time of writing (22 July 2021) the price hasn’t come close to its early boom times, as it currently hovers at about a third of its peak.
- One game is currently live and the company claims 7 more are in development, but there is no guarantee all of them will launch.
- GALA is available at 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.
- You can’t buy GALA directly with fiat cash – you’ll have to convert to ETH first.
- Bear in mind that while you can buy NFTs within the Gala Games ecosystem, they are distinct from the GALA cryptocurrency.
Gala (GALA) in news
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Disclaimer: Cryptocurrencies, including Gala, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of GALA 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 Gala or any other cryptocurrency discussed.
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