Gala is a company that deals with video games and games based on blockchain technology. The basic idea is to start a real revolution of video games, where players will have full freedom and control of the game itself. This is possible thanks to the possibility of developing the game thanks to the creative thinking of the users themselves. The games made available by Gala are designed to entertain the user and to offer an opportunity for socialization among them.
As mentioned then the players are an essential part of Gala videogames, in fact they can influence the governance of the game itself, affecting the development and financing. The Gala cryptocurrency was conceived by Eric Schiermeyer, well-known videogames developer and inventor. In the continuation of the article we will therefore try to evaluate the purchase of Gala and its future prospects.
Why buy Gala
Gala is a virtual currency that currently offers a very profitable return. Obviously those on the future of Gala are only a hypothesis and as all investments we must consider well the strategy to adopt. One of the reasons why it is convenient to buy Gala consists in the fact that this currency can also be bought on well-known and reliable platforms, such as Binance. The simplicity in finding this currency is surely one of its strong points. Well, if you do not have a Binance account, in this guide we will explain all the steps.
How and where to buy Gala
As mentioned Gala is a cryptocurrency that can be found on Binance, a reliable exchange platform. This platform dates back to 2017 and today it is the most used platform in the world, in fact it has a daily trading of about $2 billion. The platform also offers a wallet service, which is a digital wallet, useful for storing and owning the cryptocurrencies you purchase. The list of supported cryptocurrencies is high, among which we also find Gala. Moreover, the list is updated on a monthly basis.
Most users who have registered on Binance have found it to be a reliable and safe site. Although Binance is not authorized by Consob, it is still in line with European exchange regulations and CySEC (Cyprus Securities and Exchange Commission).
How to register on Binance
If you do not have an account, you must first register on Binance. Go to the official website and click on Register. At this point you need to enter your personal details and verify your account. To ensure greater protection of the account you can use two-factor authentication.
Once the registration is complete, the user will be able to perform various operations on Binance, including transfer, conversion and buying and selling of cryptocurrencies, such as Gala.
How Binance Works
Binance is a reliable and secure exchange. The graphical user interface is really intuitive and easy to use. Therefore, every member has the possibility to take advantage of the platform’s services very easily and quickly. The functioning of the platform depends on the level with which you decide to operate. The basic level offers a simple interface that is excellent for those who are new to investing; the advanced level has a more complex platform that, however, provides diversified investment tools, also in order to automate some operations.
How to buy Gala
In order to buy Gala, it is first necessary to access the Binance account and deposit money. The first step is to select the currency pair against USDT, which will allow you to buy Gala. Once you have bought USDT, you need to search the market for the currency pair GALA/USDT. Clicking on that entry will allow you to buy the desired amount of Gala. Finally, returning to the dashbord will allow you to sell the Gala purchased previously.
The platform offers various payment types for deposits and withdrawals. It supports Visa, Mastercard and bank transfer. Finally, from the dashboard it is possible to access the purchase history, where all the orders made will appear in chronological sequence.
Costs and Commissions
Among the aspects most considered by users we find the costs and commissions applied by the platform. Well, Binance requires a commission equal to 0.1% of the value of the operation carried out. Deposits are free and there are no costs, while for withdrawals Binance provides a commission variable to the market trend, but still very low. As far as limits are concerned, each user has a potential limit that depends on the personal level of identification and classification.
Final Considerations
At the end of this short guide, it is possible to say that Gala coin is a highly available cryptocurrency and it is possible to buy it in the main exchanges, such as Binance. According to analysts, Gala will see a rise in value in 2022. However, like any investment, this one also has a medium level of risk, so before proceeding, it is a good idea to perform a careful market analysis.