5 Ways You Can Buy Gala Token (GALA) In Singapore

GALA is the token of the Gala Games Ecosystem, where you are able to use the token as a medium of exchange between players.

If you believe in the value of this coin, you may be looking to buy it from Singapore. However, there are no direct ways of buying it from SGD!

Here’s what you need to know:

How to buy GALA in Singapore

Here are 5 ways to buy GALA in Singapore:

1. FTX
2. Crypto.com (App)
3. Poloniex
4. KuCoin
5. OKEx

This is a summary of all of the methods,

Platform	Trading Fees
FTX	Up to 0.07%
Crypto.com (App)	None (but spread may be high)
Poloniex	Up to 0.155%
KuCoin	Up to 0.1%
OKEx	Up to 0.1%

and here is each exchange explained in-depth:

FTX

FTX is a cryptocurrency trading platform that is based in California.

They offer one of the cheapest fees when it comes to trading crypto!

Here’s what you need to buy GALA on FTX:

1. Deposit USD to FTX
2. Select the GALA/USD trading pair on FTX
3. Enter the details of your order

#1 Deposit USD to FTX

While FTX supports SGD, there are no SGD trading pairs with cryptocurrency on the platform. FTX only offers a GALA trading pair with USD. As such, the best way would be to deposit USD on the platform.

You can read my guide on depositing fiat currencies from Singapore to FTX to find out more about how you can deposit USD to FTX from Singapore.

#2 Select the GALA/USD trading pair on FTX

Once you’ve deposited USD, you can start to trade it for GALA.

You’ll need to go to the hamburger icon on the left-hand side of FTX’s platform,

and then search for ‘GALA‘ under Spot.

Futures are a rather complicated product, and you should only be trading in futures if you understand it well!

#3 Enter the details of your order

You can make 7 different orders on FTX:

1. Limit
2. Market
3. Stop market
4. Stop limit
5. Trailing stop
6. Take profit
7. Take profit limit

After selecting your order type, you’ll need to:

1. Select the amount of USD you want to buy 1 GALA at
2. Select the amount of GALA you want to buy

Once your order has been processed, GALA will be credited to your account.

Verdict

FTX charges up to 0.07% (for taker fees) on their platform. This is one of the cheapest fees that you’ll be able to receive for Spot trading!

Due to its rather low fees, FTX can be a platform that you can consider if you want to reduce your costs.

Crypto.com (App)

Crypto.com is a crypto platform that offers Xfers support. This does make trading crypto more accessible from Singapore.

However, you can’t buy GALA directly from SGD.

Instead, you’ll need to make at least 2 trades to purchase GALA.

Here’s what you’ll need to do:

1. Buy BTC or USDC from StraitsX
2. Buy GALA using either BTC or USDC
3. Confirm the trade

Buy BTC or USDC from StraitsX

If you are looking to buy GALA directly from your Fiat Wallet, you can only do so via EUR or AUD, and not via SGD using StraitsX.

This is because there are only 8 cryptocurrencies that you can purchase directly from StraitsX:

1. BTC
2. ETH
3. BCH
4. LTC
5. XRP
6. CRO
7. BNB
8. XSGD

As such, you will need to buy one of these cryptocurrencies first before you can buy GALA. However, GALA only has trading pairs with these 2 cryptocurrencies:

• BTC
• USDC

This means that you’ll have to go to your Crypto Wallet on the Crypto.com App,

and then search for either BTC or USDC.

You can use the search function to find USDC, as there are quite a lot of currencies available on the app!

After that, you will have to buy either USDC or BTC from StraitsX.

Buy GALA using either BTC or USDC

Once you have bought either BTC or USDC on the Crypto.com App, you can now buy GALA.

Similar to above, you will need to go to the Crypto Wallet and search for GALA,

and then buy GALA using your Crypto Wallet.

Confirm the trade

When you confirm the details, Crypto.com will lock in the exchange rate for 15 seconds.

Once you confirm the trade, GALA will be credited to your account.

Verdict

Here are the fees that you’ll incur with Crypto.com:

Type of Fee	Amount
Deposit Fees (SGD)	None
Trading Fees	None
Withdrawal Fee (SGD)	0.4% per withdrawal (Xfers)

The fees when trading with Crypto.com seem to be lower! However, the spread can be quite high.

A spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset.

IG Trading

When you make multiple trades on the Crypto.com app, you may lose some money due to the spread!

These costs can be hard to keep track of, but it is something you’ll need to consider.

Crypto.com also charges you a 0.4% withdrawal fee when you decide to sell your crypto to Xfers.

The remaining exchanges do not support SGD

For the next few methods, they do not allow you to deposit SGD into their exchanges.

This means that you’ll have to buy a cryptocurrency from one exchange, and then send it to these exchanges.

The currencies that you can buy include:

• USDT
• Bitcoin
• Ethereum

This is because these 3 currencies have the most number of trading pairs with other cryptocurrencies! You should be able to buy rare altcoins with either BTC, ETH or USDT as a trading pair.

However, you’ll need to consider the withdrawal fees that you’ll incur when sending your crypto on the blockchain.

Depending on the fees, it can be really hefty!

Here are 2 ways that you can transfer cryptocurrency to these exchanges:

#1 Use Gemini Active Trader to send BTC or ETH for free (up to 10 withdrawals per month)

You can consider using Gemini’s Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH from Gemini.

After that, you can send your BTC or ETH to any of the exchanges below. You will not be charged any withdrawal fees for up to 10 withdrawals per month.

#2 Transfer USDT over the TRC20 network to an exchange that supports such deposits

USDT is a rather ‘universal’ stablecoin as most exchanges have USDT trading pairs with the cryptocurrency that you want to buy.

If you are using the ERC20 network to transfer USDT, the withdrawal fees are rather high. It can go up to 40 USDT for a single withdrawal!

However, if you use the TRC20 network to send USDT, such transfers are much cheaper due to the lower congestion. Platforms like XanPool or Liquid even allow you to withdraw USDT for free via the TRC20 network!

The main thing you’ll need to make sure of is that the exchange you’re sending to accepts the TRC20 version of USDT.

You can view my guide on how to buy USDT to find out more.

Poloniex

Poloniex is another exchange that has listed GALA on its platform. Here are the steps you’ll need to buy GALA:

1. Deposit USDT into Poloniex (preferably via TRC20)
2. Select the GALA/USDT trading pair
3. Select the type of order you wish to make
4. Select the quantity of GALA you wish to buy

#1 Deposit USDT into Poloniex (preferably via TRC20)

Since Poloniex does not allow you to buy GALA directly from SGD, you will need to deposit USDT into your Poloniex account.

To do so, you will need to go to ‘Wallet‘,

and then search for USDT.

You can choose to deposit USDT either via the ERC20 or TRC20 networks.

If you are able to deposit USDT via the TRC20 network, it will help you to save on withdrawal fees!

#2 Select the GALA/USDT trading pair

Once you have deposited USDT, you will need to go to ‘Trade → Spot‘,

and search for GALA/USDT as your trading pair.

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Stop-Limit

Limit orders allow you to determine the price you wish to buy or sell your crypto. Poloniex does not support market orders.

#4 Select the quantity of GALA you wish to buy

After you’ve selected your order, you’ll need to select the amount of GALA you wish to buy.

Once the trade has been executed, GALA will be credited into your account.

Verdict

Poloniex charges up to 0.155% to trade on their platform.

KuCoin

KuCoin is another exchange that you can use to buy GALA. However, you will need to transfer a cryptocurrency from another platform first.

This is because KuCoin does not support any fiat currencies!

How to buy GALA on KuCoin

Here’s what you need to do to buy GALA on KuCoin:

1. Send USDT to the KuCoin Main Account
2. Transfer USDT to the Trading Account
3. Find the GALAX/USDT trading pair
4. Select the price and quantity to buy GALAX

#1 Send USDT to the KuCoin Main Account

You’ll need to deposit USDT into KuCoin by going to ‘Deposit‘.

You can use the dropdown menu to select USDT.

From there, you will be given a deposit address to send your crypto to.

If you’re intending to send USDT to via the TRC20 network, don’t forget to use the TRC20 deposit address instead of the ERC20 one!

#2 Transfer your crypto to the Trading Account

When you deposit your USDT into your KuCoin account, it will be transferred to your Main Account.

If you wish to trade your USDT to GALA, you will need to transfer it to your Trading Account.

#3 Find the GALAX/USDT trading pair

After you’ve transferred your crypto to your Trading Account, you can go to KuCoin’s Spot Exchange.

This will bring you to KuCoin’s trading platform.

To buy GALA on KuCoin, you will need to select the GALAX/USDT trading pair.

Even though it is a different ticker from other exchanges, GALAX and GALA are referring to the same token!

#4 Select the price and quantity to buy GALAX

After selecting the GALAX/USDT trading pair, you can proceed to make the order.

KuCoin allows you to make 4 different orders:

1. Limit
2. Market
3. Stop Limit
4. Stop Market

Once you have made the trade, GALAX will be credited to your account.

Verdict

KuCoin charges up to 0.1% if you trade on their platform. This is rather low compared to some of the other crypto platforms!

OKEx

OKEx is another crypto exchange that you can consider buying GALA from.

Here’s how you can buy GALA on OKEx:

1. Deposit USDT into OKEx (preferably via TRC20)
2. Select the GALA/USDT trading pair
3. Enter the details of your trade
4. Execute the trade

#1 Deposit USDT into OKEx (preferably via TRC20)

You’ll need to go to ‘Assets → Deposit‘,

and then select USDT as the currency that you wish to deposit.

To reduce the fees, you can try to send USDT via the TRC20 network. However, do remember to check if the platform that you’re sending USDT from supports TRC20 too!

#2 Select a trading pair with GALA

Once you have deposited the currency in your OKEx account, you can start trading GALA.

You’ll need to go to ‘Trade → Basic Trading‘,

which brings you to OKEx’s trading platform.

You will need to select the GALA/USDT trading pair from the search bar:

#3 Enter the details of your trade

You are able to make 5 different types of orders you can make on OKEx:

1. Limit
2. Market
3. Stop
4. Trigger
5. Advanced Limit

You’ll also need to enter:

1. The price that you want to pay for 1 GALA
2. The amount of GALA you want to buy

#4 Execute the trade

Once your trade has been executed, GALA will be credited into your account.

Verdict

OKEx charges up to 0.1% for their trading fees.

This is slightly cheaper compared to other platforms such as Gate.io!

Conclusion

There are no direct ways of buying GALA from SGD. The closest you can do so is by buying it on the Crypto.com App, but you’ll have to make 2 trades where you may lose quite a bit of value due to the spread.

FTX is an option, but you’ll need to deposit USD to FTX using DBS Remit to reduce fees.

For the remaining exchanges, you are only able to buy GALA from USDT. To reduce your fees, you can use the TRC20 network to transfer USDT to the platform of your choice!

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Crypto.com Referral (Get up to $25 USD worth of CRO)

If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.

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Here’s what you’ll need to do:

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The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.

You can read more about the referral program on Crypto.com’s website.

OKEx Referral (Receive USD $10 of BTC)

If you are interested in signing up for an OKEx account, you can use my referral link. If you make a crypto purchase of ≥ $100 USD via Buy / Sell, we will both receive USD $10 worth of BTC.

Here’s what you need to do:

1. Sign up for an OKEx account
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3. Buy ≥ $100 USD worth of crypto
4. Receive $10 USD worth of BTC in your OKEx account

If you use OKEx’s Buy/Sell feature, you will be buying your crypto from a 3rd-party payment provider.

The fees may vary, but the $10 USD credit should be able to help to pay for your trading fees!

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