Gala Games is a blockchain-based play-to-earn gaming platform that enables users to earn rewards in the form of crypto currencies and non-fungible tokens (NFTs) while playing their favorite games. It utilizes a network of nodes, ensuring the security and transparency of the platform.The native token of the Gala Games platform facilitates interaction within the ecosystem, necessitating the need to buy these coins. Many gaming enthusiasts are searching for how to buy the Gala coins, continue reading the article to know the buying process of the coin.
What is a GALA Coin? Understanding Its Function and Importance?
GALA is the native cryptocurrency of the Gala Game platform operating on the Ethereum blockchain aiming to bring seamless gaming experience to the users. By integrating blockchain technology, the coin enables gamers more control over the games and assets. Many crypto experts and analysts forecast positive growth for the token in the coming years.
Key Features Of GALA Coin In The Gala Games Ecosystem
1. Medium of Exchange: How GALA Coin Facilitates Transactions
The Gala coins act as a medium of exchange in the Gala gaming ecosystem, enabling transactions with other players. GALA tokens also allow gaming enthusiasts to make in-game purchases.
2. Incentivisation Mechanism: GALA Coin as a Reward for Gamers
The Gala gaming platform rewards their loyal and efficient players with GALA coins. The gamers who achieve certain milestones in the games get GALA coins which can be used to buy in-game assets.
3. Strong Online Community: GALA Coin’s Role in Community Engagement
Gala coin has a strong online community, with more than tens of thousands of followers on Discord and Twitter community. The community plays a major role in the development of the Gala ecosystem.
4. Governance: How GALA Coin Enables Player Participation in Decisions
The GALA token enables the holders to participate in the decision-making process, and cast votes for the development proposals, thereby involving in the administration and control of the Gala Game network.
How To Buy GALA Coins?
Buying Gala coins is easy, users can buy them from Centralized Exchanges (CEX), Decentralized Exchanges (DEX), or crypto wallets. However, the basic steps involved are the same.
Buying GALA Coins from Centralized Exchanges(CEX)
Centralized exchanges are the most used and simplest platform for buying Gala coins. Below are the steps involved in buying Gala coins.
1. Choose a Trusted CEX for GALA Coin Transactions
Select a trusted and reliable platform for buying the Gala coins, and analyze the fee structure, security, and compatibility before choosing the platform.
2. Create an account
By filling in the basic information like name, email address, and country of residence sign up for the exchange account.
3. Verify the account
Account verification is necessary for enabling transactions and other features of the platform. The verification process includes completing the KYC documents, which requires submitting an identity proof.
4. Choose a payment method
Select a payment method for buying the Gala coins, you can choose a credit/debit card, bank account transaction, or another supported method. Depending on the security requirements of the payment mode you choose the information you need to provide may vary.
5. Buy GALA coins
After choosing the payment method, enter the amount of coins you want to buy or the amount of fiat currency for which you want to buy the Gala coin. Press ‘confirm’ after previewing the information, and the coins get transferred to your CEX wallet.
Buying GALA Coins from Decentralized Exchanges (DEX)
Decentralized exchange platforms enable the exchange of cryptocurrencies without the need for an intermediary. The platform provides the user with complete control over their assets.
1. Select a Reliable DEX Platform for GALA Coin Purchase
Decentralized exchange platforms are more transparent and reliable than centralized exchanges. Choose the platform with low transaction cost, robust security features, multiple crypto support, etc.
2. Create an account
Create an account in the DEX platform by completing the necessary details including name, email id, etc.
3. Verify the account
Verify the account by completing the KYC documents to enable transactions and other features.
4. Fund the account
To buy the coin, the account must have sufficient crypto funds, if not buy it from other exchanges or transfer it from other wallets.
5. Swap Crypto for GALA Coins
After selecting the number of Gala coins you want to buy, swap it with the required number of crypto. Confirm the transaction and the coin gets transferred to your account.
Buy GALA Coins through Crypto Wallets
Gala coins can be bought from crypto wallets. Below are the steps involved in buying Gala coins from a crypto wallet.
1. Choose a crypto wallet that supports Gala coins
To buy Gala coins, the wallet must support Gala coin transactions. Choose a reliable and reputable crypto wallet and download it from the Play Store or App Store.
2. Create an account
Create a wallet account by completing the information required. Securely keep the private key, if lost the account can’t be accessed.
3. Buy Gala coins
Choose the payment method and enter the number of GALA coins you intend to buy. Your wallet now gets credited with GALA coins.
Final Thoughts
GALA tokens are important for blockchain game enthusiasts to buy the in-game assets of the Gala Game ecosystem. They enable the holders to participate in the platform’s decision-making process. The coin is currently traded at a price of $0.03514 and has a total supply of 38.75 billion. Investors have to opt for reliable and trusted platforms to buy the Gala coins and eliminate the risks of cyber threats and attacks. Also, choose a cheap and secure platform for buying them to increase the potential return on investment.