How to Buy Phala Network (PHA)

Step 1 – Join Kraken

In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Phala Network (PHA) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find Phala Network (PHA)

As soon as your deposit has been confirmed, you will immediately have access to your assets and you can launch invest and trading. To invest in Phala Network (PHA) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to find Phala Network (PHA), you will need to put the shortname of the coin (PHA) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we have highlighted this too. Click on “PHA/BTC” to progress.

Step 4 – Buy Phala Network (PHA)

Once you have located Phala Network (PHA), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent rate Phala Network (PHA) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of PHA you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of PHA.

If you're glad, make a mouse click on “Buy PHA”. Your plan will be filled as soon as a Vendor sells their PHA for the price you introduced.

Step 5 – Withdraw Phala Network (PHA)

Unless you are frequently trading, you should never keepyour coins on an Exchange for an extensive time frame. In order to withdraw your Phala Network (PHA), go to the ”Funds” tab and mouse click on “Withdraw”. Phala Network (PHA) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Phala Network (PHA) by using the given drop-down box. Drop in the amount of Phala Network (PHA) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.