How to Buy Phala Network (PHA)

How to Buy Phala Network (PHA): A Step-by-Step Guide

Buying Phala Network (PHA) on a Centralized Exchange

Exchange	Type	Pair	Price	Spread	24h Volume
Binance	CEX	PHA/USDT	0.1117	0.17841	22,687,920
Nami.Exchange	CEX	PHA/USDT	0.1119	0.17873	15,810,566
Nami.Exchange	CEX	PHA/VNST	2,796	0.7468	15,306,785
Bibox	CEX	PHA/USDT	0.11199	0.14455	11,103,327
HTX	CEX	PHA/USDT	0.11172	0.07068	9,226,834
BloFin	CEX	PHA/USDT	0.1126	0.17857	7,810,918
WhiteBIT	CEX	PHA/USDT	0.11153	0.40171	4,136,666
BYDFi	CEX	PHA/USDT	0.1118	0.1797	3,413,580
OKX	CEX	PHA/USDT	0.1115	0.17921	2,722,439
Bibox	CEX	PHA/BTC	0	1.11732	2,188,109

Total 44 markets

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Total 44 markets

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A centralized exchange (CEX) is one of the simplest ways to buy, hold, and trade cryptocurrencies. Here’s how you can purchase Phala Network (PHA) using a CEX:

Select a CEX: Pick a reliable and user-friendly crypto exchange that supports Phala Network (PHA). Consider factors like ease of use, fees, and payment options.
Create an Account: Sign up on the chosen exchange by providing your details and setting a strong password. Enable two-factor authentication (2FA) for added security.
Complete KYC Verification: Most reputable exchanges require you to verify your identity (KYC). This process varies by region but usually involves uploading identification documents.
Add a Payment Method: Link a payment method such as a credit/debit card or bank account by following the exchange’s instructions. The details required will depend on your bank’s security protocols.
Purchase Phala Network (PHA): Once your payment method is set up, you can buy Phala Network (PHA) directly using fiat currency or by first buying a common cryptocurrency like USDT and then exchanging it for Phala Network (PHA).

Buying Phala Network (PHA) on a Decentralized Exchange (DEX)

Exchange	Type	Pair	Price	Spread	24h Volume	Trust Score
Uniswap V2 (Ether...	DEX	PHA/WETH	0.00004	0.60435	115,721
Hydration	DEX	PHA/USDC	0.11099	0	43,380	-
ChangeNOW	DEX	PHA/BTC	0	0	31,376	-
Hydration	DEX	PHA/WETH	0.00005	0	22,624	-
Hydration	DEX	PHA/IBTC	0	0	22,270	-
DeGate	DEX	PHA/USDC	0.1122	0.26786	16,980
Hydration	DEX	PHA/USDT	0.10863	0	16,534	-
Polkadex	DEX	PHA/USDT	0.11126	0	15,194	-
Hydration	DEX	DOT/PHA	38.56621	0	11,918	-
Hydration	DEX	PHA/CRU	0.25666	0	10,019	-

Total 18 markets

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Total 18 markets

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Decentralized exchanges (DEXs) allow you to trade directly with other users without intermediaries. Here’s how to buy Phala Network (PHA) on a DEX:

Select a DEX: Choose a decentralized exchange that lists Phala Network (PHA). Open the DEX and connect your wallet. Ensure your wallet is compatible with the DEX’s network.
Acquire Base Currency: To trade on a DEX, you need a base currency like ETH. Purchase this on a centralized exchange first.
Transfer Base Currency to Wallet: Send the base currency to your wallet. This may take a few minutes.
Swap for Phala Network (PHA): Use the DEX to swap your base currency for Phala Network (PHA).

Note: Ensure you have enough native tokens (like ETH) for transaction fees. Adjust slippage tolerance settings as needed to ensure your transaction goes through smoothly.

Buying Phala Network (PHA) with a Crypto Wallet

You can also buy cryptocurrencies directly through certain crypto wallets. If your wallet supports it, follow these steps to buy Phala Network (PHA):

Choose a Wallet: Select a reputable crypto wallet that supports Phala Network (PHA).
Download the App: Install the wallet app from the Google Play Store, App Store, or as a browser extension.
Create a Wallet: Set up a new wallet or import an existing one. Be sure to write down your seed phrase and store it securely, as it’s essential for wallet recovery.
Buy Phala Network (PHA): Use the wallet’s supported payment method to purchase Phala Network (PHA). Be aware that wallet fees may be higher than exchange fees.
Swap for Phala Network (PHA): If direct purchase isn’t available, buy a common cryptocurrency like USDT first, then swap it for Phala Network (PHA) using your wallet or a decentralized exchange.