Galectin-1 (Gal-1) displays unique sensitivity to oxidative inactivation which appears critical in regulating its spatial and temporal activity. The two physicochemical states, i.e. monomer-dimer equilibrium and redox states, are related to Gal-1 varying functionality. In this work, we used chronopotentiometric stripping analysis, intrinsic fluorescence spectroscopy, and mobility shift assay to follow changes in the structure and lectin activity of reduced and oxidized Gal-1 forms. Our results show that monomers and dimers are similarly distributed under mild reduction and oxidation conditions. Gal-1 after its oxidation consists of at least three different monomeric forms while reduced Gal-1 only one. Lectin activity, affinity to N-acetyllactosamine, is relatively similar for low Gal-1 concentrations for both, reduced and oxidized Gal-1. However, at higher Gal-1 concentrations, we observed a ten times higher affinity for reduced than oxidized form. Further, our data indicate that the monoclonal antibodies bind preferentially to Gal-1 dimers and specifically to only some forms of its oxidized form.