How and Where to Buy Phala Network PHA in Hungary in 2024

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Price Phala Network Phala Network

0.1209 $ ▲1.38%

The rapid development of blockchains and the world of cryptocurrencies and their decentralized nature are making them increasingly accessible worldwide. That's why it's quite easy to buy Phala Network in Hungary nowadays.

Within the entire crypto market, the largest and most important exchange is Binance. Its market volume is much higher than the second largest exchange, and yet it has never had any major security issues. Therefore, buying Phala Network is safe on Binance.

To invest in Phala Network in Hungary through Binance, simply follow these steps:

How to Buy Phala Network PHA in Hungary with Binance

  1. Register on Binance

    2. It's very easy, you only need an email and a password. You can do it through this link.

    Anti-money laundering and anti-terrorism laws in many countries require exchanges to request personal information from their users, such as a selfie or photos of the ID. This process is known as Know Your Customer or KYC. If you want to avoid giving this type of information, we recommend reading the article about exchanges without KYC.

  2. Deposit FIAT money into your account. You can do this via bank transfer or credit or debit card.

    3. For this, go to the "Wallets" menu, click on the "Deposit" button, and finally on the "Fiat" tab. Binance has more than 25 different FIAT currencies in which you can make your deposit.

  3. Open an order to buy PHA.

    4. You can do this in the "Markets" menu. In the search engine, enter the ticker of the cryptocurrency (PHA in this case) and buy Phala Network on the "Buy PHA" button.

    Not all cryptocurrencies have a pair with FIAT currencies. When you search for the ticker, the currencies you can exchange them for will appear. If your FIAT currency is not among them, you will have to take an intermediate step: Exchange the FIAT for one of the currencies on the list. Normally these intermediate currencies are BUSD or USDT. They are a type of cryptocurrency called stablecoins whose value is always 1:1 against the dollar. That is: You will not lose money in this intermediate transaction. You will only have to pay the commissions, which in the case of Binance are very low, only 0.1%.

  4. When your order is executed, you will have Phala Network in your Binance wallet. Enjoy your cryptocurrencies!

Another alternative to buy Phala Network in Hungary is Nominex. Buying cryptocurrencies on Nominex is the same as doing it on Binance since it is an official broker of the latter. That is, it has all the liquidity and pairs that Binance has, but with a couple of advantages over it:

  1. It has lower fees and you can even pay 0% for each swap. How? We explain it in the article "How to buy cryptocurrencies without paying fees".
  2. It is an exchange without KYC. That is, to operate on the platform you only need an email and a password.

However, Binance is not the only one. There are many other similar and equally secure exchanges in the market. Some of our recommendations for buying PHA in Hungary are:

  • Gate.io is another of the large exchanges for its low commissions and its large number of cryptocurrencies. In addition, if you register with this link, you will enjoy a 10% discount on commissions forever and $30 for depositing a minimum of 0.05 BTC in any currency.
  • KuCoin será seguramente una de las mejores plataformas para comprar PHA debido a sus bajas comisiones y a su amplio abanico de criptomonedas disponibles. Sin embargo, en su plataforma no puedes comprar criptomonedas con tarjeta bancaria. Si aún así quieres probar KuCoin, tiene un 5% de descuento en comisiones para siempre si te registras a través de este enlace.
  • bit2me es el mayor exchange español. Se ha convertido en uno de los grandes exchanges gracias a sus competitivas comisiones en la versión Pro, a Earn - su servicio de staking - o a su Launchpad de tokens, entre otros muchos servicios. Si accedes a través de nuestro enlace, recibirás un bono de 10€ si tu primera compra es de 100€ o más. Puedes comprar PHA en bit2me si te registras aquí.
  • Huobi es uno de los mayores exchanges del mercado, con una amplia gama de criptomonedas. Puedes comprar Phala Network en Hungary a través de Huobi si te registras aquí.