How to buy

Phala Network

PHA

on

PancakeSwap
Phala Network

Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs.

1

Create a wallet

This guide shows how to create a wallet in the Trust Wallet app but you can use any other Smart Chain wallet like Metamask.

Download Trust Wallet and set up your account.
Keep your seed phrase a secret, never share it with anyone.

2

Buy some BNB

  1. BNB is a cryptocurrency that can be swapped to others tokens like PHA. You can either buy BNB directly in Trust Wallet or get it on an external exchange like Binance or Crypto.com and then send it to your wallet.

    How to buy Phala Network, screen 2.1
    Phala Network

    Phala Network

    PHA

  2. Once some BNB is in your wallet, make sure it’s Smart Chain (black icon) and not regular BNB (yellow icon). You can swap regular BNB to Smart Chain in the app.

    How to buy Phala Network, screen 2.2
    Phala Network

    Phala Network

    PHA

3

Go to PancakeSwap

PancakeSwap is an exchange where you can swap one Smart Chain token to another. To do it, you need to connect it to your wallet.

  1. Open pancakeswap.finance/swap in your mobile browser.

    How to buy Phala Network, screen 3.1
    Phala Network

    Phala Network

    PHA

  2. Tap the Connect Wallet button.

    How to buy Phala Network, screen 3.2
    Phala Network

    Phala Network

    PHA

  3. Tap Wallet Connect and choose Trust.

    How to buy Phala Network, screen 3.3
    Phala Network

    Phala Network

    PHA

  4. This should bring the Trust Wallet app with a confirmation screen. Tap Connect.

    How to buy Phala Network, screen 3.4
    Phala Network

    Phala Network

    PHA

  5. Go back to the browser. Your wallet should be now connected to PancakeSwap.

    How to buy Phala Network, screen 3.5
    Phala Network

    Phala Network

    PHA

4

Swap BNB to PHA

  1. Tap Select a currency on the PancakeSwap trading view.

    How to buy Phala Network, screen 4.1
    Phala Network

    Phala Network

    PHA

  2. Copy the Phala Network contract address: 0x0112e557d400474717056C4e6D40eDD846F38351, make sure it’s correct (check the official website), and paste it to the token field. You may need to wait a moment before PancakeSwap displays the token. If it doesn’t help, refresh the page and try again.

    How to buy Phala Network, screen 4.2
    Phala Network

    Phala Network

    PHA

  3. Tap the Import button once the token is loaded.

    How to buy Phala Network, screen 4.3
    Phala Network

    Phala Network

    PHA

  4. Approve the import in the next step.

    How to buy Phala Network, screen 4.4
    Phala Network

    Phala Network

    PHA

  5. Enter the amount of BNB you want to trade for PHA. Don’t swap all of your BNB – keep a few dollars worth of BNB to cover future transaction fees!

    How to buy Phala Network, screen 4.5
    Phala Network

    Phala Network

    PHA

  6. Almost there! Tap the gear icon and set the Slippage tolerance to 11-15%. Slippage corresponds to the transaction tax and token price volatility. The bigger the percentage, the higher the change of a successful transaction, but you may get respectively fewer tokens.

    How to buy Phala Network, screen 4.6
    Phala Network

    Phala Network

    PHA

  7. Tap Swap.

    How to buy Phala Network, screen 4.7
    Phala Network

    Phala Network

    PHA

  8. Confirm the transaction in Trust Wallet.
    That’s it! You’re now the proud owner of Phala Network. If you wish to sell your PHA in the future, just swap it back to BNB.

    How to buy Phala Network, screen 4.8
    Phala Network

    Phala Network

    PHA

  9. If you don’t see Phala Network in Trust Wallet, you may need to add it manually. Tap the toggle icon in the upper right corner, then find the Add Custom Token button. Tap it and you should see the Add Custom Token screen. Select Smart Chain in the Network field and paste the Phala Network contract address. The token will be added to the wallet.

    How to buy Phala Network, screen 4.9
    Phala Network

    Phala Network

    PHA