GALA (GALA) is the 75th largest cryptocurrency by market cap, valued at US$2,066,912,065.
GALA is a highly volatile asset capable of major price swings in a single day. Today GALA is trading for $0.04933516 USD, which is higher than yesterday's trading price of $0.0478196825 USD. Over the past year, GALA's price has seen an increase of 59%.
So before you buy GALA, make sure you understand these unique risks as well as its legal and tax status here in
Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy GALA.
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.
How to buy GALA in 5 steps
The whole process 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.
Compare crypto exchanges
The easiest way to buy GALA is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy GALA
You can now exchange your funds for GALA. On beginner-friendly exchanges, this is as simple as entering the AUD or GALA amount you want to purchase and clicking "buy".
Secure your GALA
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.
Where to buy GALA in
Australia
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 exchange.
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How we keep this GALA guide up-to-date
GALA price data is regularly updated through data feeds so you always have the latest information.
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.
How do I find the best places to buy GALA?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in
Australia to help you choose the one that's right for you.
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.
What will I need to buy GALA?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading GALA.
This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing GALA with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy GALA?
Once you've created an account, you will need to deposit funds to buy GALA with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy GALA:
Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase GALA by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for GALA on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy GALA?
The easiest way to buy GALA is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying GALA, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of GALA has been performing recently.
Best GALA wallets to store your GALA
You can keep your GALA on the exchange you purchased it on, or move it to a personal wallet:
Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your GALA below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is GALA a good investment?
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.
Today's GALA price versus ATH
Compare today's price of GALA ($0.04933516 USD) against its all-time-high price of $0.824837 USD on 26 November 2021. The closer the bar is to 100%, the closer GALA is to reaching its ATH again.
GALA's price: $0.04933516 USD ATH date: November 26, 2021
5.98%
GALA ATH: $0.824837 USD
How to trade, convert or sell GALA
You can convert or sell your GALA with the same exchange you bought it through:
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.
This guide provides step-by-step instructions on how to buy Bitcoin Cash, lists some exchanges where you can get it and provides daily price data on BCH.
Learn how to buy Litecoin in Australia with our simple step-by-step guide and tips on what to know before you get started.
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