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 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

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

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find Filecoin (FIL)

Once your deposit has been affirmed, you'll directly have access to your assets and you can launch 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 locate Filecoin (FIL), you will need to put the shortname of the coin (FIL) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “FIL/BTC” to go ahead.

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

As soon as you have located Filecoin (FIL), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to create our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date valuation Filecoin (FIL) was traded for. This can be changed to your favoured price. 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, you should never keepyour crypto on an Cryptocurrency Exchange for an longer 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 stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Filecoin (FIL) by using the provided drop-down box. Put into the quantity of Filecoin (FIL) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the (FIL) Filecoin is stored within your wallet, you're done.

Some other Guides on How to buy Coins

How to Buy DEMOS
How to Buy Katana Finance
How to Buy Coins
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