Gala (GALA) is the native cryptocurrency powering the Gala Games ecosystem — a decentralized platform aiming to reshape the gaming industry. If you’re looking to buy GALA, you must have a safe wallet to store your tokens. Here is a list of the best Gala wallets with features that make each unique. Read on to discover which wallet will fit your needs in 2024.
KEY TAKEAWAYS
• GALA is the native crypto of Gala Games, a web3 digital media ecosystem that creates blockchain-based games.
• Since launch, GALA has recorded sustained growth despite the volatility of the crypto market.
• Key factors in selecting a GALA wallet include security, user-friendliness, fees, backup and recovery options, and community feedback.
• Top GALA wallets include Exodus, Coinbase Wallet, Ledger Wallet, YouHodler Wallet, and Trust Wallet.
- Best Gala (GALA) wallets in 2024
- 1. Exodus Wallet
- 2. Coinbase Wallet
- 3. Ledger Wallet
- 4. YouHodler Wallet
- 5. Trust Wallet
- Best Gala wallets compared
- What is Gala?
- What to look for while selecting a Gala wallet
- Pros and cons of self-custodial wallets to store GALA
- How to create a Gala (GALA) wallet
- Which Gala wallet is the best?
- Frequently asked questions
Best Gala (GALA) wallets in 2024
1. Exodus Wallet
Exodus Wallet combines an aesthetic and intuitive design with powerful features, making it a favorite among a growing number of crypto users. It supports a wide range of cryptocurrencies, including GALA, and includes an integrated exchange feature for easy trading. The wallet’s emphasis on user experience ensures that managing your assets is both intuitive and secure. All of these factors combine to make it one of our most preferred hot wallets for storing/trading/swapping crypto.
- Easy to use
- Built-in exchange for trading
- Supports a wide range of assets
- Secure storage with backup options
- Mobile app lacks some desktop features
• Supports multiple cryptocurrencies, including GALA
• Integrated exchange feature
• User-friendly design
• Encrypted private keys
• Secure backup and recovery options
• Desktop and mobile versions
• Built-in portfolio tracker
2. Coinbase Wallet
We chose Coinbase Wallet because of its ability to ensure a smooth experience for new and experienced users alike — even more so for those already familiar with the Coinbase exchange. It provides an easy transition between trading and storage. Its self-custody model ensures that users have full control over their private keys, while the user-friendly interface and stringent security measures make it a top choice for storing GALA tokens.
- Secure storage with private key control
- Easy integration with Coinbase
- User-friendly interface
- Strong security features
- Limited advanced features for experienced users
- Requires a separate Coinbase account for full functionality
• Self-custody wallet
• Integration with Coinbase exchange
• Biometric authentication
• Supports multiple cryptocurrencies, including GALA
• Secure backup and recovery options
• Access to decentralized apps
• In-app browser for DApps
3. Ledger Wallet
Ledger Wallet is our go-to hardware wallet for storing GALA. The reason is simple — Ledger is renowned for its exceptional security, which makes it the ideal choice if you are storing significant amounts of cryptocurrency. It keeps all private keys offline, which ensures protection against hacks and malware. Additionally, the Ledger Live interface is user-friendly, making it easy to manage GALA and other crypto assets securely.
- Maximum security with offline storage
- Easy to manage multiple assets
- Reliable and trusted brand
- Regular firmware updates
- Requires purchase of hardware device
- Can be less convenient for frequent transactions
• Hardware wallet for offline storage
• Supports multiple cryptocurrencies, including GALA
• Ledger Live interface for easy management
• Top-notch security features
• Multi-signature support
• Regular firmware updates
• Secure backup and recovery options
4. YouHodler Wallet
YouHodler Wallet is not just a storage solution but also a platform for financial services like crypto-backed loans and interest-earning accounts. Its multi-currency support and solid security measures make it a versatile option for managing GALA tokens. On the security front, it offers all the trusted features, such as 2FA and encryption. We particularly liked the user-friendly interface that makes it very easy to manage your assets and take advantage of all the extra financial services.
- Offers additional financial services
- High security with 2FA and encryption
- User-friendly interface
- Supports a wide range of cryptocurrencies
- Some features may be complex for beginners
- Service fees may apply for financial services
• Multi-currency support
• 2FA and encryption for security
• Access to crypto-backed loans
• Interest-earning accounts
• Secure backup and recovery options
• Integration with financial services
5. Trust Wallet
For starters, Trust Wallet supports a large number of cryptocurrencies — hundreds of thousands across 65+ blockchains, according to the official website (which, of course, includes GALA). The wallet offers a solid track record when it comes to security, driving the “trust” factor. The built-in DApp browser also adds versatility, allowing users to interact with decentralized applications directly from the wallet.
- Easy to use
- Strong security features
- Supports a wide range of tokens
- Free to download
- Access to decentralized apps
- Limited customer support options
• Built-in DApp browser
• Full control over private keys
• Secure backup options
• Staking support for various coins
• In-app crypto purchases
Best Gala wallets compared
| Feature | Coinbase Wallet | Ledger Wallet | Exodus Wallet | YouHodler Wallet | Trust Wallet |
|---|---|---|---|---|---|
| Supports multiple cryptocurrencies | Yes | Yes | Yes | Yes | Yes |
| User-friendly interface | Yes | Yes | Yes | Yes | Yes |
| Built-in DApp browser | Yes | No | No | No | Yes |
| Full control over private keys | Yes | Yes | Yes | Yes | Yes |
| Secure backup options | Yes | Yes | Yes | Yes | Yes |
| Staking support | No | Yes | Yes | Yes | Yes |
| Access to financial services | No | No | No | Yes | No |
| Hardware wallet (offline storage) | No | Yes | No | No | No |
| Multi-signature support | No | Yes | No | No | No |
What is Gala?
Gala Games is an elaborate gaming ecosystem where players gain true ownership of in-game assets and a voice in the decentralized gaming community. It offers a range of P2E games and an NFT marketplace.
Since the project’s launch in 2020, the Ethereum-based GALA token (the native crypto that powers the ecosystem) has recorded sustained growth despite the volatility of the crypto market. For perspective, as of Aug. 19, 2024, GALA is up 1,085% compared to its launch price.
For more insights into GALA’s short-, medium-, and long-term prospects, check out our detailed GALA price prediction.
What to look for while selecting a Gala wallet
There are several considerations to make when selecting a crypto wallet to store your Gala safely and accessibly. Here is what to look for in your ideal Gala wallet:
Security
Any wallet’s priority should be its security. You should seek a provider that offers solid security measures, including strong encryption, two-factor authentication, and, if possible, support for hardware wallets. Wallets that store your private keys offline, i.e., in cold storage, are generally safer than those that keep them online (hot wallet). Check out our crypto hot wallet vs. cold wallet guide for more insight.
User experience
A user-friendly interface is critical, especially if you are relatively new to crypto. A well-designed wallet should provide simple navigation, clear guidance, and excellent customer support. A good Gala wallet should make sending, receiving, and managing GALA comfortable without requiring expertise or prior experience in crypto.
Backup & recovery
Make sure that the Gala provider offers secure backup and recovery options in case you lose access to your wallet or it’s otherwise compromised. Most wallets in 2024 offer seed phrases or recovery keys that enable wallet restoration and access to your funds.
Community & reviews
Search for trusted reviews on Gala wallets issued by the crypto community. Top-rated wallets with many users are generally more reliable and trustworthy. Make sure to use a wallet with verified user feedback and ratings.
Development & support
A regularly updated and maintained wallet ensures the best level of security and functionality. Look for Gala wallets with active development teams and regular updates that address security vulnerabilities and enhance features. You could also try posing some queries to customer support to determine their responsiveness and helpfulness.
Taking these factors into account will help you make an informed choice and find a suitable Gala wallet to store your GALA stash securely and conveniently.
Pros and cons of self-custodial wallets to store GALA
The blank fields were included where there wasn’t a direct counterpart to the pros and cons listed. Here’s a round-up of the benefits and drawbacks of self-custodial wallets for storing GALA.
| Aspect | Pros of using self-custodial wallets | Cons of using self-custodial wallets |
|---|---|---|
| Control | Full control over private keys and funds; no one can access your GALA tokens without your consent. | A higher degree of anonymity and privacy; usually no personal information is required. |
| Security | Enhanced security with features like offline storage, preventing online hacks and breaches. | Vulnerable to physical theft, malware, or phishing attacks if proper precautions are not taken. |
| Privacy | Higher degree of anonymity and privacy; usually no personal information required. | – |
| Third-party risk | Eliminates chances of losing funds due to a compromised or failed third-party service. | – |
| Transactions | Direct blockchain interaction facilitates quick and less costly transactions without intermediaries. | – |
| Flexibility | Access to most decentralized applications directly from the wallet, offering more freedom in using GALA tokens. | – |
| Customization | Multiple settings available for customizing the wallet to your preference. | – |
| Complexity | – | More complex to set up and use, especially for beginners new to cryptocurrency. |
| Customer support | – | Little or no customer support available for recovering lost keys or assisting with issues. |
| Backup necessity | – | Regularly backing up your wallet is essential to avoid losing GALA tokens in case your device fails or is lost. |
| Features | – | Some self-custodial wallets may lack advanced features like integrated trading platforms or staking services. |
How to create a Gala (GALA) wallet
Now we’ve covered the ins and outs of the top Gala wallets in 2024, here’s some insight into how to set one up. For this demonstration, we’ve used Exodus. Note that the process is similar regardless of the wallet you eventually choose.
1. Download and install Exodus
Go to the official Exodus website to download the wallet. Exodus is available for desktop and mobile devices. Select the version compatible with your device (Windows, Mac, Linux, iOS, or Android). Download the installation file and follow the on-screen instructions to install Exodus on your device.
For demonstration, we are using Exodus desktop wallet (Windows 64bit). Note that the steps from here on may vary slightly depending on the device you install it on.
2. Set up your Exodus wallet
The first thing you should ideally do after installing Exodus Wallet is to secure it with a password and secret recovery phrase.To do this, you have to go to Settings (on the upper right corner of the interface) > Backup (as show in the screenshot below).
Choose a strong password — preferably one that you haven’t used anywhere else. Once you enter the password, you will be prompted to re-enter it on the next step, following which, you will be given your secret recovery phrase.
Write down your 12-word recovery phrase and store it in a safe place. This phrase will allow you to recover your wallet if you lose access to your device. Remember, losing this recovery phrase or someone else gaining access to it could lead you to lose your funds irretrievably.
3. Add GALA to your wallet
On the home page of the app, you will be given three options:
- Option 1: Deposit crypto from another wallet
- Option 2: Buy new crypto using the wallet’s built-in exchange
- Option 3: Import an existing wallet.
For the first option, you just click on the “Make your first deposit” button, select your favorite crypto from the list of available options (GALA in our case) and hit enter. Use the search box to find the crypto of your choice as shown in the screenshot below.
Up next, you will be shown your GALA wallet address along with the corresponding QR code. Proceed with the deposit by sending GALA using either the address or the QR code.
We can ignore the second option because Exodus doesn’t yet support buying GALA with fiat.
As for the third option, it is applicable only if you already have an Exodus wallet. In that case, you can simply import that wallet to your newly installed Exodus app using the recovery phrase for that existing wallet (the one you are importing).
Which Gala wallet is the best?
Each of the listed wallets comes with its own merits and limitations. For instance, Ledger offers top-notch security as a cold hardware wallet. Coinbase Wallet provides the liquidity and trust associated with the Coinbase exchange. Exodus delivers a secure, multi-platform wallet with a built-in exchange. YouHodler gives you access to additional financial services. Last but not least, Trust Wallet stands out with its built-in DApp browser and support for a wide variety of cryptocurrencies, the highest among all five.
Weigh your options carefully, considering their features and limitations to ensure you choose the GALA wallet that meets your specific requirements.
Frequently asked questions
Where is the best place to store Gala crypto?
Can I store Gala on Ledger?
What wallets support Gala V2?
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