How to Buy Phala Network (PHA)

A Step-by-Step-Guide on how to buy Phala Network (PHA)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

You'll first need to purchase units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive Bitcoin or Ethereum.

Binance Signup
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Phala Network (PHA) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate Phala Network (PHA)

Once your deposit has been confirmed, you'll directly have access to your assets and you can commence purchasing and trading. To purchase (PHA) Phala Network on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to find Phala Network (PHA), you'll need to insert the short name of the asset (PHA) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we have highlighted this too. Click on “PHA/BTC” to go ahead.

How to buy Coin on Binance 1 Phala Network (PHA)
Step 4 – Buying (PHA) Phala Network

Once you have found (PHA) Phala Network, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation (PHA) Phala Network was traded for. You can change this to your preferred price. The “Amount” field is the amount of PHA you wish to purchase. The “Total” field is the aggregated price in BTC that you will pay for the whole quantity of PHA.

If you are glad, click on “Buy PHA”. Your order will be filled when a Vender trades their PHA for the price you offered.

Step 5 – Withdraw (PHA) Phala Network

Unless you are trading, never keep your crypto on an Crypto Exchange for an extensive time period. To take off your Phala Network (PHA), go to the “Funds” tab and click on “Withdraw”. (PHA) Phala Network can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Phala Network (PHA) by using the given drop-down box. Drop in the quantity of Phala Network (PHA) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Congratulations! You have successfully bought and stored (PHA) Phala Network.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the Phala Network (PHA) is safe inside your wallet, you are finished.