Skip to content Skip to footer

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 Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an 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 Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Phala Network (PHA)

Once your deposit has been affirmed, you will instantly have access to your finances and you can launch invest and trading. To purchase Phala Network (PHA) on Binance, you will want to go to the tab which is called “Exchange” and then mouse 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 marked in the picture. Be certain of having selected the proper grouping, we've marked this also. Click on “PHA/BTC” to go ahead.

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

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

The field with the “Price” tag will be filled with the most up-to-date valuation Phala Network (PHA) was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of PHA you wish to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole amount of PHA.

When you are happy, make a mouse click on “Buy PHA”. Your order will be filled as soon as a Vendor trades their PHA for the price you introduced.

Step 5 – Withdraw Phala Network (PHA)

Unless you are trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. To withdraw your Phala Network (PHA), hover over the tab called “Funds” and 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 given drop-down box. Enter the volumen of Phala Network (PHA) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, click on “Submit”. You may be asked for email/phone verification ahead of a take off.

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

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the Phala Network (PHA) is safe inside your wallet, you're done.

Some other Guides on How to buy different Altcoins

How to Buy Fantasy Sports
How to Buy UNII Finance
How to Buy Altcoins