A Step-by-Step-Guide on how to buy Phala Network (PHA)
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Phala Network (PHA) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Phala Network (PHA) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can launch purchasing and trading. To buy Phala Network (PHA) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To discover Phala Network (PHA), you'll need to insert the short name of the asset (PHA) into the search-box, which is marked in the graphic. Make sure you have selected the proper grouping, we've marked this too. Click on “PHA/BTC” to go ahead.
Step 4 – Buy (PHA) Phala Network After you have located (PHA) Phala Network, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to create our Limit Order. The field with the “Price” tag will be filled with the most recent valuation (PHA) Phala Network was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of PHA you like to buy. The ”Total” field is the total price in BTC that you will settle for the complete quantity of PHA. When you're satisfied, 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 (PHA) Phala Network Unless you're frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time period. To take off your (PHA) Phala Network, go to the ”Funds” tab and click on “Withdraw”. (PHA) Phala Network can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (PHA) Phala Network by using the given drop-down box. Drop in the quantity of (PHA) Phala Network you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a take off.