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How to Buy Filecoin (FIL)

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

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

In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting your first 10 Dollar.

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Filecoin (FIL) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find (FIL) Filecoin

Once your deposit has been affirmed, you will immediately have access to your funds and you can initiate invest and trading. To invest in (FIL) Filecoin on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to find (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 right grouping, we've highlighted this also. Click on “FIL/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Filecoin (FIL)
Step 4 – Acquisition of (FIL) Filecoin

Once you've located (FIL) Filecoin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date tariff (FIL) Filecoin was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of FIL you like to purchase. The ”Total” field is the whole price in BTC that you will settle for the complete quantity of FIL.

When you are happy, make a mouse click on “Buy FIL”. Your plan will be filled as soon as a Vendor sells their FIL for the price you introduced.

Step 5 – Withdraw Filecoin (FIL)

Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Filecoin (FIL), go to the tab called “Funds” and click on “Withdraw”. Filecoin (FIL) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Filecoin (FIL) by using the given drop-down box. Enter the quantity of Filecoin (FIL) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

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

Congratulations! You have successfully bought and stored (FIL) Filecoin.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (FIL) Filecoin is safe in your wallet, you are finished.