How to Buy Filecoin (FIL)

Step 1 – Signup to Kraken

You will first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and receive ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Filecoin (FIL) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find Filecoin (FIL)

As soon as your deposit has been affirmed, you will now have access to your assets and you can launch purchasing and trading. To buy Filecoin (FIL) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to locate Filecoin (FIL), you will need to put the cointype (FIL) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we've highlighted this too. Click on “FIL/BTC” to proceed.

Step 4 – Purchase Filecoin (FIL)

After you have discovered Filecoin (FIL), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price Filecoin (FIL) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of FIL you like to buy. The ”Total” field is the total price in BTC that you'll pay for the complete amount of FIL.

When you're glad, click on “Buy FIL”. Your order will be filled when a Seller sells their FIL for the price you submitted.

Step 5 – Withdraw Filecoin (FIL)

Unless you're regularly trading, never keep your crypto coins on an Crypto Exchange for an extensive period of time. In order to take off your Filecoin (FIL), hover over the ”Funds” tab and mouse click on “Withdraw”. Filecoin (FIL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Filecoin (FIL) by using the provided drop-down box. Put into the volumen of Filecoin (FIL) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

If you are happy, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.