How to Buy Phala Network (PHA)

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

Step 1 – Signup to CEX.io

You'll first need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and to get Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Phala Network (PHA) is available 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 have selected the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Find (PHA) Phala Network

Once your deposit has been approved, you'll now have access to your funds and you can begin invest and trading. To invest in (PHA) Phala Network on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”.

In order to spot (PHA) Phala Network, you'll need to insert the cointype (PHA) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this also. Click on “PHA/BTC” to advance.

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

As soon as you have found (PHA) Phala Network, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (PHA) Phala Network was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of PHA you want to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole quantity of PHA.

If you're satisfied, make a mouse click on “Buy PHA”. Your order will be filled as soon as a Seller trades their PHA for the price you introduced.

Step 5 – Withdraw Phala Network (PHA)

Unless you are frequently trading, you should never keepyour crypto on an Exchange for an longer time period. In order to take off your Phala Network (PHA), go to the tab called “Funds” and click on “Withdraw”. Phala Network (PHA) can be securely stored 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 demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you are satisfied, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Binance Withdraw

Kudos! You've successfully bought and safed Phala Network (PHA).

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Phala Network (PHA) is safe within your wallet, you are finished.