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How to buy Phala Network (PHA) in the US

Learn how to buy Phala Network (PHA) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

Phala Network
PHA- USD
$0.36
- $0.01 ( - 2.82%)
PRIVACY

How to buy Phala Network

1. Compare crypto exchanges

The easiest way to buy Phala Network is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, paypal, wire transfer and credit or debit card payments are all widely accepted.

4. Buy Phala Network

You can now exchange your funds for Phala Network. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Phala Network to your personal wallet.

Where to buy Phala Network

Find an exchange to buy, sell and trade PHA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

493
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

944
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

246
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Compare up to 4 providers

Steps on how to buy Phala Network

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Phala Network.

  1. Compare cryptocurrency exchanges that supports PHA.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Phala Network.
  4. Buy Phala Network.
    Complete your Phala Network purchase and then find the best wallet to store PHA.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Phala Network

All altcoins are extremely high-risk assets. Both the cryptocurrency and the associated project should be evaluated before any investment is made, If you are looking to invest in Phala tokens, here are a few things to consider:
  • Use case. Phala tokens come with several use cases. Holders of the tokens can use them to buy trusted computing resources, become gatekeepers, join Phala DAO and take part in community governance, pay for transaction fees and other services. The more use cases available, the more demand there may be in the future.
  • Token holder engagement: The Phala network gives users several avenues to participate in day-to-day activities and operations. Users can become Gatekeepers, Nominator, TEE Miners or become part of the Phala DAO. All provide opportunities to earn extra PHA tokens. TEE Miner rewards decay by 25% every 6 months.
  • Token distribution. The total supply of PHA tokens was capped at 1 billion. There are currently 272 million in circulation. Of the 1 billion, 70% are kept for TEE miners, 15% is/has been used for token sales, 9% is for airdrops, 5% is a team reward, and 1% is kept for testnet rewards.
  • Roadmap. In 2021, Phala has launched as a parachain on both Kusama (Polkadots testnet) and Polkadot. However, Phala has not yet fully completed its mainnet. Mainnet launch will enable the launch of W3A smart contracts and the implementation of cross-chain transactions.

How to sell Phala Network

You can cash out your PHA with the same exchange you bought it through:

  1. Sign in to the exchange you have PHA on.
    If you store your Phala Network in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of PHA you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Phala Network.

Disclaimer: Cryptocurrencies, including Phala Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PHA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Phala Network or any other cryptocurrency discussed.

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