Buy Phala Network (PHA)

0.74%
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What is Phala Network?

Phala Network (PHA) is a cloud computing service, which offers computing output comparable to existing cloud services and protects the privacy of managed programs.

  • TEE (Trusted Execution Environment) workers are responsible for executing confidential contracts. Most personal computers are capable of connecting to Phala and running a TEE node.
  • Gatekeepers run nodes that maintain and execute several tasks essential to the Phala blockchain. These nodes run confidential contracts and must always be online.
  • PHA token is used for purchasing trusted computing resources, the data exchange fee, Gatekeeper security guarantee & community governance.

Through its technology infrastructure and integration with the Polkadot ecosystem, Phala Network is able to provide a distributed computing cloud that is versatile & confidential.

How do I buy Phala Network?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for PHA and click "Buy".
That’s it!
You now own some Phala Network! You can click "Go to PHA Wallet" to see your Phala Network.

Learn more about Phala Network

Why Should I Trade PHA with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Phala Network no matter what your trading experience is. Unlike other international and Australian Phala Network exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Phala Network with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Phala Network how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Phala Network?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Phala Network for free.

Cold Storage

If you are holding Phala Network as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Phala Network. We are trusted by over two million customers and with just a few clicks, you can exchange Australian dollars or other cryptocurrencies for Phala Network. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Phala Network has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Phala Network is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Phala Network exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Phala Network & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Phala Network safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Phala Network portfolio here.
Yes! With CoinSpot you can convert your Phala Network to AUD (Australian dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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