How & where to buy Gala Games (GALA) online

Gala Games is a blockchain gaming platform offering a range of play-to-earn games. Learn about the platform and how and where to buy GALA token in this guide.
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Updated: Jun 28, 2022
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This page looks into Gala Games and its cryptocurrency, GALA. We take a deep dive into the platform, discuss whether now is the right time to buy its coin, and offer a step by step guide on how to make your first purchase. Continue reading to learn more. 

What are the best exchanges to buy GALA on?

If you want to skip ahead and pick up some coins now, you’ll need to register with a broker. Selected by our crypto experts, the table below includes some of the top platforms around. Simply click on any of the links to get started, or continue to scroll to learn more about GALA. 

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$ 0
Promotion
User Score
9.5
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Payment Methods:
Apple Pay, Google Pay, PayPal
Full Regulations:
3
Min. Deposit
$ 1
Promotion
User Score
9.8
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Payment Methods:
Full Regulations:

How to buy GALA online – a step-by-step guide

Step 1. Find an exchange

To buy GALA you’ll find it easiest to use an exchange. Exchanges are platforms that allow you to buy and sell cryptocurrencies with other traders. The best ones have a wide range of coins available and easy to use interfaces. Our experts have researched the best places to get GALA and you’ll find their top picks below. 

  • Binance: Binance is the most popular crypto exchange in the world and has hundreds of coins available. Its sleek platform makes it easy to use and it has upto date prices for all its tokens. Sign up with Binance>
  • Coinbase: Coinbase is another top platform and has over 20 million users. Its competitive transaction fees and easy to navigate interface offers a seamless trading experience. Sign up with Coinbase>

Step 2. Sign up and fund your account

Registering an account with your chosen exchange is the next step. This is a straightforward process which includes entering your contact details and providing identification. Sometimes the verification process can take a couple of days, so it’s worth keeping that in mind if you’re planning to buy quickly. You can deposit funds using fiat currency like GBP, USD, and EUR. 

Step 3. Purchase

Search for the ticker symbol (GALA) on the exchange’s interface. You will then be able to buy your coins using either fiat or cryptocurrency. Choose how many coins you want to purchase and click buy. 

Step 4. (Optional) Get a suitable wallet

The final step is to get a wallet, although this isn’t always necessary as you can store your coins with an exchange. However, if you plan on buying a large number of coins, or want added security, then a wallet is the way to go. Below are two of the most popular wallets. 

  • Trezor: Trezor is a hardware wallet meaning you can store your coins on a device offline. It’s like a USB stick which you can carry around with you. Its advanced version also offers a touch screen. Sign up with Trezor >
1
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, PayPal, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:

How to trade GALA – a step-by-step guide

Step 1. Find a broker

If you want to trade cryptocurrencies you’ll need to register with a broker. It’s best to choose a broker that has low fees, especially if you plan on making lots of trades. Right now you can get GALA on eToro, which is one of the best brokers around.  

Step 2. Create an account and deposit money

Filling in your contact details with your chosen broker is the next step. You may also have to verify your identity so its worth keeping a form of ID with you when you register. Brokers only allow deposits from fiat currencies like GBP, USD, and EUR. One benefit of using a broker is you’ll often be rewarded with a bonus when you join. 

Step 3. Learn how to perform technical analysis

Lots of traders like to use technical analysis when they trade. Learning technical analysis is a top way to learn how to read price charts and can be helpful when making trades. Some of the key concepts of technical analysis are support and resistance, as well as technical indicators. 

Step 4. Decide whether to go long or short

You can use your technical analysis skills to help decide if you want to go long (buy) or short (sell). One of the easiest ways is to identify key support or resistance levels. If your chosen coin’s price is moving towards a support level you could look to buy. If its moving to a resistance zone, you could consider selling. 

Step 5. Make the trade

To make your trade you’ll have to open up an order ticket. Next you’ll need to decide how many coins you want to buy or sell. Then it’s a case of entering your trade price and clicking the buy or sell button. It’s a good idea to use a stop loss to protect your trade if the market moves against you.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

Should I invest in GALA?

Adding GALA to your portfolio may be a good decision. Compared to other platforms it has a lot in its favour and is continuing to diversify its offerings by moving into new spaces. It’s a blockchain game startup and its token is one of the largest cryptocurrencies with a market cap of over $2 billion. 

The Gala Games network operates on a player owned node ecosystem. Users are able to buy and run nodes via their home computers. This allows for a transparent and decentralised gaming platform. Node owners benefit from ownership of games as well as contributing to the future of the network. 

Buying nodes requires the use of its nativie token, GALA. Node owners are rewarded with free tokens and NFT drops and tens of thousands of nodes are operated by its users. GALA’s focus is on gaming like many other crypto projects. As online gaming is such a popular space, buying GALA coins now, is an easy way to get in early and profit as the industry potentially grows. 

Still undecided?

If you’re still not sure if you want to invest in GALA we’ve provided a few pros and cons below. Further down the page we’ve answered key questions you may have.

Pros

  • GALA offers easy access to the gaming industry and already has a wide selection of user-friendly games. 
  • It has moved into music streaming services and has partnered with well known stars such as Snoop Dogg. 
  • To participate in the platform, users need to use its native token, GALA.
  • GALA tokens are one of the largest cryptocurrencies with a market cap of over $2 billion.

Cons

Below are a few more questions for you to consider before making a decision to invest in Gala Games or not. 

1. Is now a good time to buy GALA?

If you are a long term investor and believe that Gala will become the platform of choice for gamers, then yes, now is a good time to buy. To help time your investment into it, you may want to keep tabs on its price. Although an easier way would be to use dollar cost averaging, whereby you buy a small amount of coins each month and even out any price swings. 

For short term traders there’s a few more things to consider. You can analyse its price chart and volatility. If volatility is low, then it may be difficult to trade, while if it’s high, then trading conditions may be preferable. Whatever you decide to do, keeping up to date with the latest analysis for GALA will help you stay ahead. Check out the links below for the latest analysis.

2. What problem does GALA solve, and what are its investment prospects?

Gala Games is a decentralised gaming project that gives users true ownership of games and in-game items through a node ecosystem. It has a range of tools, features, and functions that are in demand, especially with gamers. For example, gamers can win upgrades or items while playing games. These upgrades are NFTs which give the user true ownership. 

It already has a range of games and continuously seeks to add more. Each of these games has its own metaverse giving token holders exposure to a growing trend. Gala’s expansion plans are well in place and it has moved into the music streaming space. It aims to release a decentralised node network for its music streaming dapp. 

Artists will be better rewarded, compared to using traditional services like Spotify. Listeners will also benefit and can earn passive income by listening to music. Big name artists are already on board, such as Snoop Dogg and Steve Aoki. If Gala is able to continue its roadmap, it has the potential to become a big player. If you do decide to invest, it’s a good idea to keep track of the latest news, which you can do on the links below. 

3. Do you want to hold GALA for the long term?

If you want to take a long term approach to investing in GALA, you could buy some coins and store them in a wallet. GALA also lends itself to short term trading strategies and in the section below we’ve covered a few considerations for each type of investor. 

Considerations for a long term investment strategy

Buying and holding GALA coins for the long term is best done through an exchange. Further up the page we discussed a few of the top exchanges around. You may also want to think about using a wallet to store your tokens. 

Considerations for a short term trading strategy

If your focus is on short term trading then you’ll need to register with a broker. A broker with low fees is a good option as trading fees can quickly add up. Check out our recommended brokers for more guidance. 


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.