Convert
Philippine Peso (PHP) to ARPA Chain (ARPA) Instantly

Frequently Asked Questions

What are the common methods to buy ARPA Chain (ARPA) with Philippine Peso (PHP)?

To purchase ARPA with PHP, the most common fiat on-ramps are centralized cryptocurrency exchanges that support PHP deposits or P2P (peer-to-peer) platforms. Users often utilize local payment methods like GCash, PayMaya, or direct bank transfers. These platforms require KYC/AML compliance, where you must verify your identity before making a digital asset purchase. Always choose a reputable exchange with good liquidity for the PHP/ARPA pair.

What types of fees should I expect when converting PHP to ARPA?

There are several potential fees. First, your payment provider (e.g., GCash, bank) may charge a fee for the PHP deposit onto the exchange. Second, the cryptocurrency exchange will charge a trading fee (maker or taker fee) for executing the PHP/ARPA order. Finally, if you withdraw your ARPA to a private digital wallet, you will pay a network fee. Since ARPA is an ERC-20 token, this withdrawal fee is paid in ETH as a 'gas fee' to cover the cost of the blockchain transaction on the Ethereum network.

Are there specific security practices for managing ARPA tokens after purchase with PHP?

Yes. While on an exchange, enable two-factor authentication (2FA) for your account. For long-term holding, it is highly recommended to transfer your ARPA tokens from the exchange to a self-custody digital wallet where you control the private keys. Since ARPA is an ERC-20 token, wallets like MetaMask, Ledger, or Trezor are suitable. Always double-check the recipient address before initiating a blockchain transaction, as they are irreversible. Be wary of phishing scams and never share your private keys or seed phrase.

What is the core utility of the ARPA token in its decentralized computation network?

The ARPA token is the native utility asset for the ARPA Network, a privacy-preserving computation network. Its primary function is to pay for computation and storage costs within the network, which utilizes Multi-Party Computation (MPC) to allow multiple parties to securely analyze data without exposing the raw inputs. It's also used for staking by nodes to ensure network security and for governance, giving holders a say in the protocol's future. Acquiring ARPA means investing in this secure data-sharing infrastructure.

How does ARPA's Randcast feature relate to my investment in the token?

Randcast is a verifiable random number generator (VRNG) built by the ARPA team. It's a key product that showcases the network's capabilities and drives demand for the ARPA token. Decentralized applications (dApps), especially in gaming and NFTs, require a secure and tamper-proof source of randomness. They use ARPA tokens to pay for Randcast's services. Therefore, the adoption and success of Randcast directly contributes to the utility and transactional volume of the ARPA token you hold.

Why would a Filipino investor choose a direct PHP/ARPA pair over converting to a stablecoin first?

Using a direct PHP/ARPA fiat gateway simplifies the trading process and can be more cost-effective. It eliminates the need for an intermediate trade (e.g., PHP to USDT, then USDT to ARPA), which saves on trading fees and reduces exposure to price slippage across two separate transactions. This provides a more streamlined entry for local investors into the ARPA ecosystem, which is focused on providing privacy-preserving computation and verifiable randomness via Randcast for dApps.