A Step-by-Step-Guide on how to buy Phala Network (PHA)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting your first 10$.
Step 2 – Transmit Your Funds to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Phala Network (PHA) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Phala Network (PHA) Once your deposit has been approved, you will now have access to your finances and you can begin purchasing and trading. To purchase Phala Network (PHA) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To find Phala Network (PHA), you will need to insert the shortname of the coin (PHA) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “PHA/BTC” to proceed.
Step 4 – Acquisition of Phala Network (PHA) As soon as you have spotted Phala Network (PHA), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation Phala Network (PHA) was sold for. You can change this to your desired rate. The ”Amount” field is the amount of PHA you want to buy. The ”Total” field is the aggregated price in BTC that you will settle for the whole amount of PHA. When 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 submitted.
Step 5 – Withdraw Phala Network (PHA) Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order 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) Locate Phala Network (PHA) by using the given drop-down box. Put into the amount of Phala Network (PHA) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click “Submit”. You could be requested for email/phone verification ahead of a take off.