A Step-by-Step-Guide on how to buy Filecoin (FIL)
Step 1 – Signup to CEX.io You will first need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive Funds.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Filecoin (FIL) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Filecoin (FIL) As soon as your deposit has been verified, you will instantly have access to your finances and you can initiate invest and trading. To invest in Filecoin (FIL) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. In order to spot Filecoin (FIL), you will need to insert the cointype (FIL) into the search box, which is marked in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “FIL/BTC” to progress.
Step 4 – Purchasing (FIL) Filecoin After you've found (FIL) Filecoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order. The ”Price” field will be filled with the up-to-date valuation (FIL) Filecoin was sold for. You can change this to your favoured rate. The ”Amount” field is the volumen of FIL you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete volumen of FIL. If you're happy, click on “Buy FIL”. Your plan will be filled as soon as a Vendor trades their FIL for the price you submitted.
Step 5 – Withdraw (FIL) Filecoin Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your (FIL) Filecoin, go to the tab called “Funds” and mouse click on “Withdraw”. (FIL) Filecoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (FIL) Filecoin by using the provided drop-down box. Enter the quantity of (FIL) Filecoin you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.