How to Buy Phala Network (PHA)

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).

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin 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 accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find Phala Network (PHA)

Once your deposit has been confirmed, you'll directly have access to your assets and you can commence buying and trading. To invest in Phala Network (PHA) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To discover Phala Network (PHA), you'll need to insert the shortname of the coin (PHA) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we have highlighted 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)

After you've located Phala Network (PHA), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price Phala Network (PHA) was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of PHA you like to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen of PHA.

When you are glad, click on “Buy PHA”. Your order will be filled as soon as a Vendor sells their PHA for the price you offered.

Step 5 – Withdraw Phala Network (PHA)

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time frame. In order to take off your Phala Network (PHA), hover over the tab called “Funds” and mouse click on “Withdraw”. Phala Network (PHA) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Phala Network (PHA) by using the provided drop-down box. Drop in the volumen of Phala Network (PHA) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

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

Binance Withdraw

Congratulations! You have successfully purchased and safed Phala Network (PHA).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (PHA) Phala Network is stored inside your wallet, you are done.

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