How To Buy Gala Coin (GALA) In The UK

A Beginner’s Guide to Buying and Trading Gala Cryptocurrency in the UK

Last Updated February 25th 2024
12 Min Read

If you’re based in the UK and wish to buy Gala crypto coin – the process is very simple. All you need to do is find a UK regulated exchange, deposit some funds, and decide how many Gala coins you want to buy.

A gala coin is the digital utility token used within the Gala Games Ecosystem as a medium of exchange and is one of the most trending digital assets right now. During the 4th quarter of this year, the value of the Gala token has soared up, helping this cryptocurrency to jump from 212th place to 42th on cryptocurrency ranking tables. Recently, the cryptocurrency hit an all-time high of $0.819 on November 26th, 2021, increasing in value by about 1000% in a month.

But is it a profitable cryptocurrency to invest in or just another bubble? What is the purpose of the Gala coin, and is it the right time to purchase it? This guide will cover the answers to all these questions and introduce you to a step-by-step guide to buying Gala Coin online in the UK.

What's In This Guide?

  1. QUICK GUIDE: HOW TO BUY GALA IN THE UK
  2. What Is A Gala Coin?
  3. Where To Buy Gala (GALA) In The UK
  4. Should You Buy Gala Coin?
  5. ​​How to Buy Gala Coin Online In The UK - A Step by Step Guide
  6. How To Trade Gala Coin Online In The UK - A Step by Step Guide
  7. Gala Coin Pros and Cons
  8. Is Gala Coin A Good Long-Term Investment?
  9. What Will Be Gala Coin Worth In 2025?
  10. What’s The Purpose Of The Gala Coin?
  11. Is Gala Coin Mining Profitable?
  12. Buying Or Trading Gala Coin - Things To Take Into Consideration

QUICK GUIDE: HOW TO BUY GALA (GALA) IN THE UK

  1. Open an account with a UK cryptocurrency exchange
  2. Verify your account
  3. Go to the deposit section
  4. Go to the platform and select Gala
  5. Enter how many GALA tokens you want to buy
  6. Check the details and confirm your purchase

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

What Is A Gala Coin (GALA)?

The gala coin is an ERC-20 token-based cryptocurrency project built on the Ethereum blockchain. It was created as a utility token for the Gala Games ecosystem launched in 2019 by Eric Schiermeyer. The aim of the company is to revolutionize the game industry making it decentralized and Gala coins are used among the users to purchase items and NFTs inside the ecosystem. They can also buy nodes which enables them to vote on which games to publish. 

At the time of writing, Gala Games has more than 1 million active users, and it has already launched one game called Town Star. But the company promises to launch more games in the future. So, the Gala coin is not just another cryptocurrency to speculate with. It was established to power the Gala games ecosystem, which takes its plans seriously and will struggle to change the gaming industry. It comes with no secret that if Gala Games succeeds in its objectives, Gala coins will catch more attention and create higher demand. 

Where To Buy Gala (GALA) In The UK

Are you looking on how to buy Gala in the UK? Well, there are hundreds of crypto exchanges and brokers in the UK. This can make it hard to know which platform is right for you. 

List of the best Exchanges to buy Gala (GALA) in the UK:

Looking where to buy Gala in the UK right now? Below you will find 4 of the best brokers that allow you to buy Gala in the UK. 

  • eToro - Best broker to buy Gala (GALA) in the UK
  • Binance - Best exchange to buy Gala UK for asset diversity
  • Coinbase - Best exchange to buy Gala (GALA) for beginners
  • OKEx - Best broker to buy GALA UK for low-cost

Should You Buy Gala Coin (GALA)?

Cryptocurrencies are highly volatile, which makes them somewhat risky - and the Gala coin is not an exception. So, whether you should buy Gala or not depends on how much risk you are ready to accept. All in all, it seems to be a good investment - this cryptocurrency has seen significant growth over the last months, and the experts are optimistic about its future. 

Historically, the cryptocurrency expressed a slight activity at the beginning of this year, but soon its value started to fall again. It took another attempt in September 2021, and this time Gala coin succeeded. From September 12th to 18th, the prices rose by about 500%, which is mainly associated with the fact that two popular crypto exchanges - Binance and Bibox announced about supporting and listing Gala.

After this, Gala prices started to rise continuously, and it hit its all-time high on November 26th reading $0.819. This spike is also associated with the recent popularity of the NFT market, which is an extremely trending phenomenon in the crypto space. As for the fundamental analyses, Gala Games seems to be a progressing project - it has already managed to build strong partnerships, create a secure network and attract more than 1.3 million active users. 

All things considered, in our view, the Gala coin appears to be a good long-term investment right now, especially with the growing hype and the huge demand in recent weeks.

​​How To Buy Gala Coin (GALA) Online In The UK - A Step by Step Guide 

If you are sure that this cryptocurrency can bring you high rewards or you want to challenge your trading skills, you can get to buy it on online exchanges. Wondering how to do that? Here is a step-by-step guide that explains how to buy Gala coins online in the UK. 

Step 1: Register for an Online Account and Deposit Funds

To start buying Gala coins, first, you need to visit a cryptocurrency exchange like Binance. If you don’t have too much time to do your research and find an appropriate exchange, visit one of our recommended platforms and create an account. Registering for an account is not a complex process - you need to fill in some personal data and go through the KYC process to verify it. 

When your account is verified, you can now deposit funds on it. To do this, select one of the payment options available on the exchange and deposit the amount you want. Depending on the payment option you selected, it may take from minutes up to some days. 

Bear in mind that Binance also allows users to buy digital assets without verification as long as your investment amount is below $300. 

Step 2: Buy Gala Coin

Now, when you have a verified and funded account, you can finally purchase a Gala coin. You can find it under the ticker GALA. It’s worth mentioning that on Binance, you cannot buy this coin directly with fiat currency, but no worries. First, you can buy Bitcoin with fiat and exchange your BTC with Gala coin or another solution is to simply buy Gala with USDTs.

Step 3: Transfer Your Funds to a Cold Storage Wallet

After receiving your Gala coins, you can either keep them on your exchange account or transfer them to a cold storage wallet. The best way to store it actually depends on how you want to use it in the future. If you will sell them after a short time, there is no sense to transfer them to a crypto wallet, as exchange platforms are also very safe. We always recommend exchanges with good regulations and strong security systems as your safety is a key factor for us. 

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

How To Trade Gala Coin (GALA) Online In The UK - A Step by Step Guide

When it comes to trading Gala coins, one of the essential questions is where you will do that. For this purpose, you need to find a trading platform that is safe, quick, and easy to operate and charges reasonable fees. Otherwise, you may be a victim of scammers or lose part of your capital on trading fees. But when it comes to selecting a crypto exchange, you don’t have a wide selection for now. This is because Gala has just managed to catch investors’ attention and increase in value, and is not yet listed on many crypto exchanges. 

But this may change at any time, as long as Gala Games seems to be a promising project, and if the project wins mass adoption, so will the Gala token. If this happens, many exchanges will likely list Gala on their platform, as more and more people will start buying it.

Nonetheless, at the time of writing, we recommend Binance as the best platform to actively trade Gala coins. 

Another thing to consider when trading Gala is to guess when you should buy and sell it to raise your profit. It involves analyzing the market, following the project updates, reading news, etc. You can also find a lot of useful content on educational websites, forums, and telegram groups, read the expert’s opinions, and so on. 

Clearly, the amount of time you need to spend on this kind of research depends on your trading purposes and expectations. You can select between different trading strategies, but generally, they are of two types - long-term and short-term. Long-term strategies are for passive traders, so in this case, you just buy and wait when the prices go up to sell it. In contrast, short-term strategies require keeping an eye on the market and active open positions.

Gala Coin (GALA) Pros and Cons

To help you make a better decision about investing in this cryptocurrency, we have summarised the pros and cons of the Gala coin in the following list. 

Pros:

✅ Gala cryptocurrency has seen significant growth over the last months.

✅ The gala project has ambitions to revolutionize the gaming industry.

✅ The largest crypto exchange - Binance, has just listed Gala.

✅ The global gaming market promises to grow by USD 125.65 bn during 2021-2025. 

✅ It has a secure network based on the Ethereum blockchain.

✅ It’s an affordable coin for beginners in this field. 

✅ The future projections are quite promising.

Cons:

❌ The Gala project is relatively new and is not yet well established.

❌ Competitors may appear in the decentralized gaming industry.

❌ The gala coin is a highly volatile asset, involving higher risks. 

Is Gala Coin (GALA) A Good Long-Term Investment?

According to the fundamental analysis of the Gala cryptocurrency, the Gala coin seems to be an excellent long-term investment. The main factor is that Gala is created to serve a particular purpose - it’s not a meme coin or a cryptocurrency to speculate. Gala is used for buying in-game items and NFTs among the Gala Games users. With its ambitious plans, Gala Games aims to make some fundamental changes in the gaming industry - particularly to make it decentralized.

But still, you need to consider your own investment goals and the risks you can manage before you make a final decision. Cryptocurrency investments usually involve higher risks, so you need to be careful with your money and never risk it if you will need it in the near future. 

What Will Be Gala Coin (GALA) Worth In 2025?

According to Digital Coin Price, Gala coin value will increase over the years - the price of Gala coin will reach $0.9 in 2023 and $1.5 in 2024. Beyond that, the prices will keep growing and reaching $1.4 in 2025, and in 2028 Gala coin is expected to surpass $2. 

Wallet Investor introduces even more bullish predictions about the Gala coin. According to them, Gala can reach up to $0.987 in a year with a long-term earning potential of +109.64%. The algorithm also predicts that the prices will already hit $2 in five years.

We must mention, however, that though these predictions indicate a positive future for the Gala coin, we should mention that you should only completely trust them. You need to do your own research about this crypto project, do fundamental analysis, consider your investment potentials and goals. All these steps are required to reduce the risks of losing your money.

Don't Miss: Gala Price Predictions

What’s The Purpose Of The Gala Coin (GALA)?

As we mentioned, the gala coin is a utility token in the ERC-20 standard that is created by the Gala Games ecosystem. The coin will be used as a means of exchange among the gala games users. And, through Gala coins, they can purchase in-game items, nodes, and NFTs. They can also buy nodes within the Gala ecosystem and get the right to vote on which games to publish. Using the power of the blockchain network, Gala Games aims to create a gaming ecosystem in which players' needs would be considered a priority. 

Is Gala Coin (GALA) Mining Profitable?

Actually, there is no such thing as mining within the Gala ecosystem: the process is instead called node running. The users within the ecosystem run the nodes to be rewarded with points, and these points give them in-game items, NFTs, GALA coins, etc. 

To run a node within Gala Games, first, you need to buy a node license, which you can buy either in ETH or GALA. So, for that matter, you need to buy ETH or GALA beforehand and then use it to purchase node licenses. After you get a node license, you can finally start running your node.

Buying Or Trading Gala Coin (GALA) - Things To Take Into Consideration

In short, the Gala coin is a cryptocurrency that has attracted enormous attention only recently. At the time of writing, it is ranked as the 42nd largest cryptocurrency by its market capitalization (nearly $4 billion). The gala coin can be a good investment for newcomers who want to find an affordable crypto project and experts who want to make short-term gains from speculation on price movements. 

The good thing is that the gala project aims to bring revolutionary changes in the gaming field, so in this sense, the Gala coin can be a good long-term investment. Due to its highly volatile nature, the cryptocurrency can also return you high rewards in the short term if you buy and sell it at the right moment. 

If you are sure about investing in Gala, visit one of the recommended cryptocurrency exchanges, and use our guide to learn how to buy Gala coins online in the UK. 

eToro – The Best Platform To Buy Gala In The UK

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.