How to Buy Filecoin (FIL)

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to purchase one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and to get your welcome $10.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Filecoin (FIL) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find Filecoin (FIL)

Once your deposit has been confirmed, you'll immediately have access to your funds and you can begin buying and trading. To buy Filecoin (FIL) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot (FIL) Filecoin, you will need to put the shortname of the coin (FIL) into the search box, which is highlighted in the image. Be certain of having selected the proper pairing, we've highlighted this too. Click on “FIL/BTC” to continue.

Binance How To Buy 1 Filecoin (FIL)
Step 4 – Buying (FIL) Filecoin

As soon as you've spotted Filecoin (FIL), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate Filecoin (FIL) was sold for. You can change this to your favoured price. The “Amount” field is the amount of FIL you wish to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete amount of FIL.

When you are satisfied, click on “Buy FIL”. Your plan will be filled as soon as a Vender sells their FIL for the price you offered.

Step 5 – Withdraw Filecoin (FIL)

Unless you are frequently trading, never keep your crypto on an Crypto Trader for an extended time frame. In order to withdraw your (FIL) Filecoin, hover over the “Funds” tab and click on “Withdraw”. (FIL) Filecoin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (FIL) Filecoin by using the provided drop-down box. Enter the volumen of (FIL) Filecoin you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you are happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully purchased and safed (FIL) Filecoin.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the (FIL) Filecoin is safe inside your wallet, you are done.