How to Buy Filecoin (FIL)

A Step-by-Step-Guide on 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).

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Filecoin (FIL) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Filecoin (FIL)

As soon as your deposit has been approved, you will now have access to your finances and you can begin buying and trading. To buy Filecoin (FIL) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to discover Filecoin (FIL), you'll need to insert the shortname of the coin (FIL) into the search box, which is highlighted in the image. Be certain of having selected the correct grouping, we've marked this also. Click on “FIL/BTC” to advance.

Binance Hot To Buy Filecoin (FIL)
Binance How to Buy (FIL) Filecoin
Step 4 – Buy Filecoin (FIL)

As soon as you've discovered Filecoin (FIL), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date tariff Filecoin (FIL) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of FIL you wish to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the whole amount of FIL.

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

Step 5 – Withdraw Filecoin (FIL)

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. In order to take off your Filecoin (FIL), go to the tab called “Funds” and click on “Withdraw”. Filecoin (FIL) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Filecoin (FIL) by using the provided drop-down box. Put into the amount of Filecoin (FIL) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, click “Submit”. You may be requested for verfication via email/phone before a take off.

Binance Withdraw

Congrats! You have successfully purchased and stored Filecoin (FIL).

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (FIL) Filecoin is stored within your wallet, you're finished.

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