How to Buy Pyth Network Tokens ($PYTH) – Complete Guide

Publisher

Talha

May 11, 2025

Pyth Network is a decentralized oracle protocol built on Solana that provides first-party, low-latency, and real-time financial data to DeFi blockchain applications. It offers strong multi-chain support to over 50 blockchain networks, delivering real-world data like financial metrics and price feeds across various on-chain ecosystems.

It sets itself apart with its pull oracle model for on-demand data access, reducing gas costs and blockchain congestion for seamless data integration. The network rewards data providers with its native token, $PYTH, for their accurate data feeds. In this guide, you’ll learn how to buy Pyth Network Tokens ($PYTH) and choose the most suitable exchange for trading $PYTH.

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Where to Buy Pyth Network Tokens ($PYTH)

With its extensive multi-chain support, Pyth Network’s DeFi ecosystem empowers developers to create and deploy high-frequency dApps across various blockchains. The $PYTH token is available on most major cryptocurrency exchanges. Before choosing a crypto exchange for trading $PYTH tokens, consider features such as security, liquidity, trading fees, ease of use, and benefits such as signup bonuses and staking opportunities.

Below, we have listed some of the best trading platforms for trading $PYTH tokens:

Exchange	Fees↑	Liquidity↓	Yield↓	Bonus↓	KYC↓
BingX	0.10% maker, 0.10% taker	$252.47M+	4.00%	$5,000	No
Blofin	0.10% maker, 0.10% taker	$433.20M+	0.00%	$5,000	No
Bitunix	0.10% maker, 0.10% taker	$537.63M+	0.00%	$5,500	No
Kucoin	0.10% maker, 0.10% taker	$422.21M+	0.50%	$10,500	Yes
Binance	0.10% maker, 0.10% taker	$10B+	1.13%	$100	Yes

How to Buy $PYTH tokens on BingX

This guide will use the BingX exchange to buy $PYTH tokens. BingX is a beginner-friendly exchange platform, trusted by over 5 million users. It is known for its user-friendly interface, advanced security features, and low platform fees set at 0.10% for both makers and takers. We chose BingX for its large selection of more than 800 crypto coins, high trading leverage, and advanced trading features. New users can earn a welcome bonus of up to $5,000 upon sign-up.

Buy $PYTH!

BingX offers both fixed and flexible staking opportunities, with a current yield of 4% on $PYTH tokens. Users can also opt for advanced trading options such as copy trading or bot trading to optimize their potential gains. Please note that BingX is not a KYC-compliant exchange. If KYC compliance is a non-negotiable feature, you can explore other options.

The following are all the steps for buying and selling $PYTH tokens on BingX:

Step 1: Open your browser and go to BingX. Sign up for an account to begin trading. KYC is not required.

Step 2: Once registered, navigate to the homepage. Hover over the “Spot” tab on the toolbar, then click on “Spot” from the dropdown menu.

Step 3: On the Spot trading platform, click the “Asset” dropdown to browse the available cryptocurrencies.

Step 4: In the search bar, type “PYTH” and select the PYTH/USDT trading pair to buy Pyth Network.

Step 5: The PYTH/USDT chart will appear with price data, order books, and Buy/Sell tools.

Step 6: On the right-hand panel, locate the Buy/Sell section and choose either a Market or Limit order.

Step 7: Enter the USDT amount in the “Total” field or use the slider to allocate a percentage of your USDT for the purchase.

Step 8: Once everything looks good, click on “Buy PYTH” to confirm the transaction.

Fees When Buying PYTH on Bybit

BingX offers trading fees comparable to other major exchanges, with a 0.10% fee for both makers and takers. For instance, if you purchase $100 worth of Pyth, a $0.10 fee will be charged, leaving you with $99.90 in Pyth.

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How to Transfer $PYTH to a Web3 Wallet (Phantom)

Once you’ve purchased PYTH tokens, the next logical step is to engage with the Pyth Network and its decentralized applications. To do this, many users move their $PYTH tokens into a Web3 wallet to gain full ownership and control. Since mistakes during transfers can result in irreversible loss, it’s important to understand how the process works.

Choose a wallet that supports the Solana blockchain, as the Pyth Network runs on Solana. Phantom is widely recommended due to its clean interface, smooth compatibility with Solana dApps, and strong security measures. After setting up your wallet, simply share your Solana wallet address and transfer your $PYTH tokens from a centralized exchange using the Solana network. This ensures your assets are safe and fully in your hands.

Step 1: Hover over the “Asset” icon at the top and select “Withdraw” from the dropdown.

Step 2: On the withdrawal page, choose “PYTH” in the “Select Currency” field.

Step 3: Open your Pyth-compatible Web3 wallet, copy your receive address, and paste it into the “Withdrawal Address” field.

Step 4: From the “Network” dropdown, choose Pyth Network.

Step 5: In the “Withdrawal Amount” field, enter how much PYTH you want to transfer.

Note: Always maintain 7.27 $PYTH in your wallet to cover the network fee; otherwise, the transaction will not be completed if you withdraw your entire balance.

Step 6: Review all withdrawal details and click “Withdraw” to complete the transfer.

You can track the transfer by inputting the TXN ID on Solscan. Once the transaction is confirmed on the blockchain, your $PYTH tokens will be visible in your Web3 wallet.

Buy $PYTH!