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).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Filecoin (FIL) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Filecoin (FIL) Once your deposit has been verified, you will immediately have access to your assets and you can initiate buying and trading. To buy Filecoin (FIL) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to locate Filecoin (FIL), you'll need to put the cointype (FIL) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we have highlighted this too. Click on “FIL/BTC” to progress.
Step 4 – Buy Filecoin (FIL) As soon as you have located Filecoin (FIL), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate Filecoin (FIL) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of FIL you wish to buy. The ”Total” field is the total price in BTC that you'll settle for the whole amount of FIL. When you are satisfied, make a mouse click on “Buy FIL”. Your plan will be filled when a Seller trades their FIL for the price you offered.
Step 5 – Withdraw Filecoin (FIL) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an longer 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Filecoin (FIL) by using the given drop-down box. Enter the amount of Filecoin (FIL) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. If you're glad, click on “Submit”. You could be requested for verfication via email/phone before a take off.