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 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Filecoin (FIL) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Filecoin (FIL)

Once your deposit has been approved, you'll directly have access to your funds and you can launch purchasing and trading. To purchase Filecoin (FIL) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find Filecoin (FIL), you'll need to insert the cointype (FIL) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “FIL/BTC” to progress.

Step 4 – Buying Filecoin (FIL)

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

The ”Price” field will be filled automatically with the most latest price Filecoin (FIL) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of FIL you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of FIL.

When you're satisfied, make a mouse click on “Buy FIL”. Your order will be filled as soon as a Vender sells their FIL for the price you introduced.

Step 5 – Withdraw Filecoin (FIL)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To take off your Filecoin (FIL), go to the ”Funds” tab and mouse click on “Withdraw”. Filecoin (FIL) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Filecoin (FIL) by using the provided drop-down box. Put into the quantity of Filecoin (FIL) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you're satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.