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How to Buy Phala Network (PHA)

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

Step 1 – Join CEX.io

You'll first need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Phala Network (PHA) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate Phala Network (PHA)

As soon as your deposit has been verified, you will now have access to your finances and you can begin invest and trading. To buy Phala Network (PHA) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To spot Phala Network (PHA), you'll need to insert the cointype (PHA) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've highlighted this also. Click on “PHA/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Phala Network (PHA)
Step 4 – Purchasing Phala Network (PHA)

Once you've located Phala Network (PHA), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date price Phala Network (PHA) was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of PHA you wish to purchase. The ”Total” field is the whole price in BTC that you will pay for the complete quantity of PHA.

When you're happy, make a mouse click on “Buy PHA”. Your plan will be filled as soon as a Vender trades their PHA for the price you submitted.

Step 5 – Withdraw Phala Network (PHA)

Unless you are frequently trading, never keep your crypto on an Exchange for an extensive time frame. To take off your Phala Network (PHA), go to the ”Funds” tab and click on “Withdraw”. Phala Network (PHA) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Phala Network (PHA) by using the provided drop-down box. Drop in the quantity of Phala Network (PHA) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you're satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You've successfully purchased and stored Phala Network (PHA).

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the Phala Network (PHA) is stored inside your wallet, you are all done.

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