How To Buy Gala Coin (GALA) In The USA

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

Last Updated December 10th 2023
10 Min Read

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

Along with the development of the blockchain-based Gala Games Incorporation, a new cryptocurrency, Gala coin has emerged to serve the needs of the users within this revolutionary gaming ecosystem. Gala was traded below one cent by most of 2021, but it started to attract more investors at the beginning of 2021, and the coin eventually saw a drastic growth from November and hit its all-time high on November 26th, reaching $0.821. 

In this guide, we will explain everything you need to know about this cryptocurrency. You will learn how Gala's technology works and what affects its token price. Additionally, we'll help you decide whether Gala coins are a buy right now, what are the best platforms to buy them, and how to buy Gala coins online in the USA.

What's In This Guide?

  1. QUICK GUIDE: HOW TO BUY GALA IN THE USA
  2. Where To Buy Gala Coin In The USA
  3. What Is Gala Coin?
  4. How Gala Coin Works And What Affects Its Price?
  5. Is Gala Coin A Buy Right Now?
  6. How To Buy Gala Coin Online In The USA - A Step By Step Guide
  7. How To Trade Gala Coin In The USA - A Step By Step Guide
  8. Gala Coin Advantages And Disadvantages
  9. What Is Gala Coin Price Prediction?
  10. How Do I Mine Gala Coin In The USA?
  11. What Is The Total Supply Of Gala Coin?
  12. Things To Consider Before You Invest In Gala Coin In The USA

QUICK GUIDE: HOW TO BUY GALA IN THE USA

  1. Open an account with a US 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

 

Where To Buy Gala (GALA) In The USA

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

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

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

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

buy gala

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

What Is Gala Coin (GALA)?

The Gala coin is a non-refundable utility token that is used inside the Gala ecosystem to buy in-game items and NFTs. It is also used as a means of exchange to make peer-to-peer payments and reward those who run nodes. Gala Games was founded in 2019, but the Gala token was released only in September 2020. 

The gala coin was initially founded on the Ethereum blockchain, and it uses an ERC-20 token standard. Since its launch, the cryptocurrency increased in value by several hundred times and hit an all-time high on November 26th. The success of the Gala coin so far this year is also associated with the success of the Gala Games ecosystem. The project could attract more than 1,3 million monthly users and sell 26,000 NFTs, the most expensive of which cost $3 million. Overall, Gala Games incorporation aims to make some fundamental changes in the gaming industry with an objective to put the players first. 

By far, the company has released only one game which is a decentralized, play-to-earn game called Town Star. But it promises to launch more of them in the near future. Plus, Gala aims to make the ecosystem more dependent on the players. For example, Gala Node holders can vote on which games to publish in the ecosystems, and these nodes can be bought in GALA or ETH. 

At the time of writing, Gala has a market capitalization of nearly $2 billion and is ranked as the 53rd largest cryptocurrency asset in terms of market value. 

How Gala Coin (GALA) Works And What Affects Its Price?

As Gala is a cryptocurrency and is not controlled by any government or a central bank, the main factor that influences its value is how the users interact with this coin. So, Gala price is determined considering how many GALA coins are sold and bought by the investors, and users of the Gala gaming ecosystem. In other words - it's determined by its supply and the public demand for the coin. 

So, it's essential that Gala has a good reputation among people to grow its demand. The fact that it isn't just a speculative crypto-asset but is used as a utility token for a gaming company is already good. It makes Gala an excellent long-term investment. Hence, the value of Gala cryptocurrency basically depends on the Gala Games and how it would develop over the years. 

Is Gala Coin (GALA) A Buy Right Now?

The answer to whether you should buy Gala or not depends on several factors, including your budget, trading goals, investment strategies, etc. The gala coin has significantly increased recently, which is mainly associated with its listing on the two famous exchanges (Binance and Bibox) and the development of the Gala Games ecosystem. 

As mentioned previously, Gala was released in 2020, but it took a significant growth only at the beginning of 2021. The cryptocurrency increased slowly over the first three quarters of 2021, but it took a drastic jump from the middle of September and was almost ready to hit $1 in November. But the prices started to drop again, and it ended up with an all-time high of $0.821 on November 26. Since then, the price of Gala dropped to $0.29, largely due to the recent sell-off in the crypto market. Today, Gala is ranked the 53rd largest crypto project with a market cap of more than $2 billion. 

Looking at the recent volatility of the coin, Gala can be a good short-term investment because its prices fluctuate too much. Due to this, it promises high returns if you buy and sell your coins at the right time. But to do this, you are required to carefully analyze the market and guess the right signals to invest in Gala or sell it. Meanwhile, Gala is considered a profitable investment also in the long term, mainly because it’s a utility token used by the company that sets serious objectives.  

So, taking the above into consideration, we must mention that over the last few weeks Gala coin is one of the most trending coins in the crypto community, especially on the Binance exchange. 

How To Buy Gala Coin (GALA) Online In The USA - A Step By Step Guide

In this guide, you will find all the necessary steps you need to do to invest in Gala coin in the United States. But first and foremost, you need to select a good cryptocurrency exchange that will be secure and help you make easy and quick transactions.  

Register for an Online Account and Deposit Funds

Having chosen the most appropriate crypto broker, you can get to creating your account. Usually, this process may take you a few minutes, but it mostly depends on the cryptocurrency exchange and the verification process it requires. It’s mandatory to provide your personal data - name, surname, birth date, phone number, etc. Next comes the verification process, which again may take you from some hours to some days, depending on the platform. The verification process is required, especially if you want to invest or withdraw in large amounts.

Now, when you have a fully registered and verified account, you can charge it with some funds. For this purpose, click on the “Deposit Funds” button and select the suitable payment option: it can be a bank card, wire transfer, or e-wallet. Now, you can fill in the amount you want to transfer into your account and complete the process.  

Buy Gala Coin

If you have done all the previous steps correctly, your account must be ready to buy a Gala coin. What you need to do is to search for the coin, which you can find under the ticker GALA, click on the “Buy” button and fill in the amount you want to purchase. If you see the amount of the coins you have bought on your exchange account, it means you have successfully completed the contract. Bear in mind that if choosing Binance, you must purchase one of the leading coins in order to buy Gala coins. These include USDT, BTC, or BNB. 

Transfer Your Funds to a Hardware Wallet

If you look for an efficient way to store your coins after buying them, you can either keep them on your exchange account or transfer them to a hardware wallet. Actually, both methods are secure depending on which crypto exchange you use and which hardware wallet you buy. Which one to select depends on your needs and what you plan to do with your cryptocurrency. 

The crypto exchanges recommended by us have gone through all the safety checks, and we select the ones with the best security systems. So, you can not worry about storing them on your crypto account, especially when you will sell them in a short time. But you can also buy a cold storage wallet and keep your coins offline for a long time. 

buy gala

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

How To Trade Gala Coin (GALA) In The USA - A Step By Step Guide

This part of the guide introduces what you need to consider if you want to trade Gala cryptocurrency. Like most other cryptocurrencies, Gala is a highly volatile crypto asset, making it a risky investment, but at the same time, Gala investments can bring you high returns if you guess the right buy and sell signals. 

The most critical factor to consider when trading Gala is choosing the right trading platform that suits most of your requirements. There are basically two things to pay attention to - how easy and quick the platform operates and what trading fees it charges. Other factors may include trading options and tools, safety, payment methods, deposit and withdrawal fees, etc. 

To make your trading more efficient, you can also develop a trading strategy or look for trading ideas on educational platforms, where you can get lots of information about price movements, crypto exchanges, bear and bull markets, etc. When trading altcoins, like Gala, you also need to follow discussions on trading platforms and forums where experts and beginners share their tips and trading experience. 

Gala Coin (GALA) Advantages And Disadvantages

When trading Gala, you need to consider all the factors that may influence its price and affect your returns. To help you in this process, we have summarised all the advantages and disadvantages of the Gala cryptocurrency project. 

Advantages:

The Gala Games promises to bring improvements into the gaming industry, so they have a good objective.

Gala is becoming more and more popular among investors.

The crypto has been recently listed on such big exchanges as Binance and Bibox.

Apart from being a trading asset, Gala has another applicability within the Gala Games ecosystem.

It’s still an affordable cryptocurrency for beginners.

Gala’s price has significantly increased over the last two months.

Disadvantages:

❌ Gala is highly volatile as a cryptocurrency.

❌ The Gala Games still needs some improvements to become more established in the industry.

 

What Is Gala Coin (GALA) Price Prediction?

We have reviewed Gala price predictions made by two algorithms - Digital Coin Price and Wallet Investor, and both platforms give relatively bullish predictions about Gala cryptocurrency. According to the predictions by Digital Coin Price, Gala prices will keep increasing, and in 2-3 years, it will eventually hit $1. Digital Coin Price also predicts that the Gala token will hit $2 in 2028.

The Wallet Investor foresees that Gala prices will be $0.725 in one year and could hit $1.77 in five years. Overall, the platform considers it a good investment with a long-term earning potential of +49.72% in one year.

Check Out: Gala Price Predictions

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

How Do I Mine Gala Coin (GALA) In The USA? 

Mining Gala coin considerably differs from traditional cryptocurrency mining like Bitcoin, for example. Actually, it requires you to stake your Gala coins in order to mine new ones, but this is defined in another way. So, first, you need to buy a Node license that allows you to run nodes. You get one point for running one Gala node for more than 6 hours a day. Based on the number of points you collect in this process, you get rewarded with new Gala coins. 

What Is The Total Supply Of Gala Coin (GALA)?

Gala’s current circulation supply is 6,977,205,436 GALA coins and with a market cap of more than 2 billion dollars, its ranking is 53rd on the cryptocurrency chart. The maximum supply of the cryptocurrency will be 35 billion Gala tokens. 

Things To Consider Before You Invest In Gala Coin (GALA) In The USA

To conclude, Gala is a very popular cryptocurrency right now that promises good short-term returns for those who open and close positions on time. But beyond that, the token is also considered an excellent long-term investment, as its success is directly associated with the development of the Gala Games Ecosystem. Gala is used for buying NFTs and other in-game items, so if Gala Games manages to attract more players, the demand for Gala will most likely increase too.

At the time of writing, you can buy GALA at around $0.29. If you want to invest in this cryptocurrency, select a cryptocurrency exchange like Binance that operates in the US, create an account and start buying Gala coins online in the US.