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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 – Transfer Your Ethereum or Bitcoin to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Filecoin (FIL) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you have chosen the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find Filecoin (FIL)

Once your deposit has been verified, you'll instantly have access to your finances and you can start invest and trading. To purchase Filecoin (FIL) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover Filecoin (FIL), you'll need to put the short name of the asset (FIL) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this also. Click on “FIL/BTC” to advance.

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

Once you have found Filecoin (FIL), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the most latest valuation Filecoin (FIL) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of FIL you want to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the complete amount of FIL.

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

Step 5 – Withdraw Filecoin (FIL)

Unless you are trading, never keep your crypto coins on an Crypto Exchange for an extended time period. 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Filecoin (FIL) by using the given drop-down box. Enter the amount of Filecoin (FIL) you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.

Congrats! You have successfully purchased and stored Filecoin (FIL).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the Filecoin (FIL) is safe within your wallet, you're all done.

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