Where to buy PHA?
Phala Network can be bought in at least 23 cryptocurrency exchanges, namely: Binance, Gate.io, Bitvavo, Huobi Global, Bitrue, AEX, KuCoin, BKEX, OKX, Hotbit, Bibox, Hoo.com, WazirX, CoinTiger, Kraken, LATOKEN, CoinEx, MEXC Global, Bitforex, Nominex, Uniswap (v2), BigONE, Polkaswap.
76% of retail investor accounts lose money when trading CFDs with this provider.
How to save money when buying PHA?
According to the information available to us, you cannot buy Phala Network directly with fiat (EUR, USD, etc.), but you have to buy it with another cryptocurrency. Altcoins are mostly bought with BTC, ETH, BNB or USDT.
In case you want to buy Phala Network with fiat currency, you must first deposit fiat on a cryptocurrency exchange, exchange it for USDT, BTC, BUSD or ETH and then exchange it for Phala Network.
The problem is that if you want to deposit money on most cryptocurrency exchanges using a credit card, you will have to pay a considerable transaction fee. For instance, one of the most famous cryptocurrency exchanges Binance, charges the credit card deposit fee 3.5% per transaction or 10 USD, whichever is higher.
However, we know how to avoid this fee. The solution is simple. Don't put fiat on the exchange.
BTC, ETH or BNB can also be exchanged at Etoro, where credit card deposits are free.
Even though Etoro broker is primarily known globally as a platform for copy trading, CFD and stock trading, it also allows you to buy real cryptocurrencies, which you can then transfer to your crypto wallet and crypto exchange.
76% of retail investor accounts lose money when trading CFDs with this provider.
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Spread comparison on individual cryptocurrency exchanges
| Crypto exchange | Cryptocurrency pair | Spread |
|---|---|---|
| Binance | PHA/USDT | 0.106308% |
| Binance | PHA/BTC | 0.153374% |
| Binance | PHA/BUSD | 0.247788% |
| Gate.io | PHA/USDT | 0.212917% |
| Huobi Global | PHA/USDT | 0.091624% |
| Bitrue | PHA/USDT | 0.10661% |
| AEX | PHA/USDT | 0.211864% |
| KuCoin | PHA/USDT | 0.213068% |
| BKEX | PHA/USDT | 0.199942% |
| OKX | PHA/USDT | 0.28399% |
| Hotbit | PHA/USDT | 0.412303% |
| Bibox | PHA/USDT | 0.102615% |
| Hoo.com | PHA/USDT | 1.304654% |
| Bibox | PHA/BTC | 0.611621% |
| WazirX | PHA/INR | 0.149369% |
| CoinTiger | PHA/USDT | 0.162655% |
| Bibox | PHA/ETH | 0.541419% |
| LATOKEN | PHA/USDT | 0.270656% |
| KuCoin | PHA/ETH | 1.187905% |
| OKX | PHA/ETH | 0.757576% |
| CoinEx | PHA/USDT | 0.571021% |
| Huobi Global | PHA/BTC | 1.446077% |
| Hotbit | PHA/ETH | 2.906293% |
| MEXC Global | PHA/USDT | 2.586996% |
| Bitforex | PHA/USDT | 0.572479% |
| Huobi Global | PHA/ETH | 2.589897% |
| Nominex | PHA/USDT | 0.10661% |
| Nominex | PHA/BTC | 0.306279% |
| Nominex | PHA/BUSD | 0.354484% |
| WazirX | PHA/USDT | 2.506964% |
| BigONE | PHA/USDT | 45.945676% |