How to Buy Phala Network (PHA)

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome 10 Dollar.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. 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? (Follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find (PHA) Phala Network

As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can launch invest and trading. To invest in (PHA) Phala Network on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to spot (PHA) Phala Network, you'll need to insert the short name of the asset (PHA) into the search box, which is marked in the picture. Be certain of having selected the proper pairing, we have marked this too. Click on “PHA/BTC” to go ahead.

Binance Hot To Buy Phala Network (PHA)
Binance How to Buy (PHA) Phala Network
Step 4 – Purchase Phala Network (PHA)

As soon as you have located Phala Network (PHA), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are making our own Limit Order.

The field with the “Price” tag will be filled with the most recent tariff Phala Network (PHA) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of PHA you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of PHA.

If you're satisfied, click on “Buy PHA”. Your plan will be filled as soon as a Vender trades their PHA for the price you offered.

Step 5 – Withdraw (PHA) Phala Network

Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an extensive period of time. In order to withdraw your (PHA) Phala Network, go to the tab called “Funds” and mouse click on “Withdraw”. (PHA) Phala Network can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (PHA) Phala Network by using the given drop-down box. Enter the amount of (PHA) Phala Network you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you are happy, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Binance Withdraw

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

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Phala Network (PHA) is stored in your wallet, you're finished.