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How to Buy Filecoin (FIL)

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

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Filecoin (FIL) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (FIL) Filecoin

As soon as your deposit has been approved, you'll instantly have access to your finances and you can start buying and trading. To buy (FIL) Filecoin on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

To find (FIL) Filecoin, you'll need to insert the cointype (FIL) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “FIL/BTC” to progress.

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

Once you've discovered (FIL) Filecoin, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The ”Price” field will be filled with the most up-to-date price (FIL) Filecoin was traded for. This can be changed to your preferred rate. The ”Amount” field is the volumen of FIL you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of FIL.

If you are satisfied, click on “Buy FIL”. Your plan will be filled when a Vendor trades their FIL for the price you submitted.

Step 5 – Withdraw (FIL) Filecoin

Unless you are trading, best advise is not to keep crypto on an Crypto Trader for an longer time period. In order to withdraw your (FIL) Filecoin, hover over the ”Funds” tab and mouse click on “Withdraw”. (FIL) Filecoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (FIL) Filecoin by using the given drop-down box. Put into the volumen of (FIL) Filecoin you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, click on “Submit”. You may be asked for email/phone verification before a withdrawal.

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

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've proved your take off with Etherscan.io or Ethplorer.io and the (FIL) Filecoin is safe in your wallet, you are finished.