Buying Phala Network (PHA) is still simple - even if it’s not yet supported on BingX. Read on to learn about all the ways to acquire PHA, from self-custody wallets and decentralized exchanges (DEXs) to centralized exchanges (CEXs). Sign up with BingX and when it's listed, you will be the first ones to get PHA here.
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Holding Phala Network in a non-custodial wallet puts you in full control of your assets: as the saying goes, “not your keys, not your coins.” By using wallets like MetaMask or Trust Wallet, or opting for hardware solutions such as Ledger or Trezor, you retain sole ownership of the private keys that secure your holdings. This approach is ideal for long-term HODLing and for interacting directly with DeFi protocols without intermediaries. Just remember to back up your seed phrase offline; if you lose it, you lose access to your tokens permanently.
If you prefer to keep your PHA on a centralized exchange, simply send your tokens to a trusted CEX that already lists PHA and supports secure custody. Look for platforms with enterprise-grade safeguards, such as two-factor authentication (2FA), cold storage reserves, regular security audits, and insurance policies, to protect your assets. Storing PHA on a reputable CEX also gives you instant access to its trading features, such as spot markets, margin, futures, and any advanced tools they offer, without the hassle of moving funds between wallets.
