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How to Buy Filecoin (FIL)

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

Step 1 – Signup to CEX.io

You will first need to buy one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Filecoin (FIL) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find Filecoin (FIL)

Once your deposit has been confirmed, you will now have access to your assets and you can begin buying and trading. To buy Filecoin (FIL) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate Filecoin (FIL), you'll need to insert the cointype (FIL) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we've highlighted this also. Click on “FIL/BTC” to go ahead.

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

Once you've discovered Filecoin (FIL), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price Filecoin (FIL) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of FIL you want to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole quantity of FIL.

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

Step 5 – Withdraw Filecoin (FIL)

Unless you're frequently trading, never keep your coins on an Crypto Trader for an extensive time frame. In order to take off your Filecoin (FIL), hover over the tab called “Funds” and mouse click on “Withdraw”. Filecoin (FIL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Filecoin (FIL) by using the given drop-down box. Put into the amount of Filecoin (FIL) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

When you're glad, click “Submit”. You could be asked for verfication via email/phone before a take off.

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

That's it!

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

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