How to Buy Filecoin (FIL)

A Step-by-Step-Guide on how to buy Filecoin (FIL)

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and to get your first $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

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

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (FIL) Filecoin

Once your deposit has been confirmed, you will now have access to your funds and you can initiate buying and trading. To purchase (FIL) Filecoin on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to discover (FIL) Filecoin, you will need to insert the short name of the asset (FIL) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've highlighted this also. Click on “FIL/BTC” to progress.

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

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

The ”Price” field will be automatically filled with the latest tariff Filecoin (FIL) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of FIL you want to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of FIL.

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

Step 5 – Withdraw Filecoin (FIL)

Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. To withdraw your Filecoin (FIL), go to the ”Funds” tab and click on “Withdraw”. Filecoin (FIL) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Filecoin (FIL) by using the provided drop-down box. Drop in the amount of Filecoin (FIL) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

If you're glad, click “Submit”. You may be requested for email/phone verification before a take off.

Binance Withdraw

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

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (FIL) Filecoin is stored inside your wallet, you are done.