A Step-by-Step-Guide on 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 – Transmit Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Phala Network (PHA) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Phala Network (PHA) Once your deposit has been approved, you'll immediately have access to your assets and you can launch buying and trading. To buy Phala Network (PHA) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to find Phala Network (PHA), you will need to put the cointype (PHA) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this too. Click on “PHA/BTC” to progress.
Step 4 – Purchasing Phala Network (PHA) As soon as you've found Phala Network (PHA), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're creating our own Limit Order. The ”Price” field will be filled automatically with the most latest price Phala Network (PHA) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of PHA you want to buy. The ”Total” field is the whole price in BTC that you'll pay for the whole quantity of PHA. If you are satisfied, click on “Buy PHA”. Your order will be filled as soon as a Seller sells their PHA for the price you introduced.
Step 5 – Withdraw Phala Network (PHA) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extended time period. To withdraw your Phala Network (PHA), hover over the tab called “Funds” and click on “Withdraw”. Phala Network (PHA) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate 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 presented fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.