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 Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency 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 alike. Phala Network (PHA) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Phala Network (PHA)

As soon as your deposit has been confirmed, you will now have access to your funds and you can begin invest and trading. To buy Phala Network (PHA) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

To discover Phala Network (PHA), you will need to put the shortname of the coin (PHA) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we've marked this too. Click on “PHA/BTC” to advance.

Step 4 – Acquisition of Phala Network (PHA)

After you have discovered Phala Network (PHA), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are creating our own Limit Order.

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

If you're happy, make a mouse click on “Buy PHA”. Your plan will be filled when a Vendor sells their PHA for the price you gave.

Step 5 – Withdraw Phala Network (PHA)

Unless you are regularly trading, never keep your coins on an Exchange for an extensive period of time. In order to withdraw your Phala Network (PHA), go to the tab called “Funds” and click on “Withdraw”. Phala Network (PHA) can be safely stored using a Wallet, e.g. 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 like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.