Where to buy Filecoin(FIL) if you are planning to invest in this exciting altcoin? This guide explains the best places to get Filecoin in detail!
Bitcoin, Ethereum, and Litecoin are all examples of cryptocurrencies that belong to a new and fast-growing asset class. Moreover, if you are an early adopter and invested in them a few years ago you might be the proud owner of a small fortune already. What makes all these cryptos so special?
In particular, it’s the blockchain technology combined with high secure encryption that makes the difference. Also many crypto enthusiasts like the idea of a decentralized future where there are no central market makers or leaders(rulers) that are in full control.
At the time of writing, crypto has matured and is here to stay as a brand new technology. Also, this highly innovative space offers opportunities for investors willing to take a risk for new profits.
This guide in the best places to get Filecoin(FIL) I’m going to share with you finding the most trusted exchanges. Also, it gives you some deeper insight into the project. Finally, I’ll explain what possibilities you have in buying FIL regardless of where you live in the world. So let’s go 🙂
What is Filecoin(FIL) cryptocurrency?
Filecoin is a blockchain network that aims at becoming humanity’s most important information storage system in the world. The project was started back in 2017 as an Initial Coin Offering (ICO). Since then it worked as one of the most revolutionizing projects in the cryptocurrency market.
Filecoin was also initiated as a second and incentive layer for the Interplanetary File System. As a result, network participants can use the FIL cryptocurrency in order to process transactions.
What is the Filecoin blockchain all about?
People can become their own custodians of the valuable data they have. When they use other third-party services, their data can be compromised and eventually get lost. Moreover, hackers could get access to users’ information, files, and data.
This is similar to how the financial world works. Banks and financial institutions work as custodians of our funds. However, they could eventually become insolvent and never return the money to savers. This happened many times in the past and in different countries.
Data works in a similar way. Currently, in a time in which data is becoming more important, the way in which it gets stored is also going to play a central role. Being the custodians of our funds and also our files and data is something that became possible thanks to the expansion of blockchain technology.
Investing in Filecoin should give users with peace of mind they are placing their funds in a project that is working to make data available, secure and decentralized.
Best Places to Get Filecoin(FIL) : Quicktake
In short, below a consolidated list of the best places to buy Filecoin(FIL) coins. For ease of use, I have chosen exchanges that are reliable, secure, and offer high liquidity.
- Binance – World’s most popular cryptocurrency exchange with almost zero fees
- Kraken – US-based exchange that offers the most fiat trading pairs(AUD, EUR, USD, GBP)
- Kucoin – Cryptocurrency exchange with the most crypto holders on the platform
- Bitfinex – One of the eldest in the list and mainly targetted professional traders
- Bittrex – Reliable crypto exchange that is specialized in crypto spot trading
What is the Best way to get FIL crypto with fiat?
If you are an outsider and are about to buy your first cryptocurrency then you have to purchase it with ‘old-fashioned’ fiat like USD, GBP, or EUR. In my opinion, as the entire cryptocurrency space has matured, it’s best to go and sign up at a centralized exchange like Binance. Why especially Binance?
First of all, Binance is by far the most popular platform for buying cryptocurrencies(300+) by millions of traders all over the globe. Additionally, all these millions of traders make sure that there is a high volume of all order books available. Especially if you are planning to buy an altcoin like Filecoin(FIL).
Buying Filecoin with fiat at Binance can be done in two ways: credit card or bank deposit. The fastest way will be with a credit card because you can be the owner of FIL coins within minutes. Bank deposits are slower(1 or 2 business days), however cheaper, where USD deposits can be done with SWIFT. EURO and GBP deposits can be done by SEPA, IDEAL, or Bank Card.
How to Get Filecoin(FIL) on Binance?
Buying Filecoin with a credit card is a very straightforward and easy exercise. Therefore, if you decided to deposit fiat currency I will explain in this section how to buy Filecoin with it. Besides, Binance doesn’t have a direct fiat pair for FIL so you have to buy BTC first and trade for FIL afterward.
- Signup for a free Binance account
- In the upper menu, choose ‘Convert’
- Select the fiat currency you deposited(USD, EUR, GBP, etc)
- Enter the amount and below select the BTC symbol
- Press ‘Preview Conversion’ and continue
- To buy FIL repeat this process by selecting BTC
- Enter the amount(or click on MAX) and below select FIL symbol
- Press ‘Preview Conversion’ and continue
And that’s it! In just 7 easy steps you are the owner of FIL cryptocurrency by using Binance Convert within seconds 👍
What is the Safest Way to Get Filecoin(FIL)?
In my opinion, if you really want to be safe from hackers or scammers, buying or trading Filecoin at a centralized platform like Binance isn’t the best way. Additionally, you should also realize that you want to invest in Filecoin(FIL) for the long run.
If that is the case, then it is highly recommended that you start using a hardware wallet like Ledger Nano to be as safe as possible. The big benefit of Ledger is that you can store your cryptos offline as long as needed.
In particular to get Filecoin you can follow the steps as described above if you want to purchase FIL crypto on Binance. However, it’s totally up to you and you can use any other exchange described in this guide as well.
Finally, it is important to know that you must withdraw the Filecoin to your public wallet address that points to your Ledger device. More info on installing the Ledger device for Filecoin can be found here.
Where Can I Get Filecoin(FIL) in the US?
In general crypto traders from the USA are very limited in the options they have on trading digital assets on a global scale. In most cases, only the coins that can apply to strict legal regulations are allowed. Luckily for you(if you are from the USA) Filecoin can be traded or bought on Coinbase as well as Kraken.
Best Places To Get Filecoin(FIL): Comparison
This comparison guide provides an overview of places to buy Filecoin(FIL) that are reliable and secure. The research is based on assessing the platform’s features, ease of use, fees for buying crypto, and security.
|Platform||Maker fees||Taker fees||Rating|
Top 5 Cryptocurrency Exchanges that offer trading Filecoin(FIL)
Next in this guide, I’ll deep dive into the different platforms that offer to trade in FIL cryptocurrency. Also, each platform has its unique features and it’s up to you to decide which one will suit you best!
First there is Binance, a crypto trading platform that is is founded by Changpeng Zhao, a well-known blockchain industry expert and expert in setting up trading systems.
In the past, he also founded BijieTech and was head of development at Blockchain.info. Binance can be considered as the best altcoin trading platform if you consider the trading volume and the number of coins listed on the exchange(300+).
Additionally, based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis.
Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
Trading a Binance can be done with almost zero fees(0.075%) and you can use this link when signing up. It will give you an additional 10% discount on fees for life 😄.
FIL Cryptocurrency Trading Pairs on Binance
Another popular place to get Filecoin is Kraken. Additionally, it’s one of the most reliable and safest cryptocurrency exchanges out there and has been around for a while already.
Founded in 2011, Kraken is a US-based cryptocurrency trading platform available in 48 US states and 176 countries. Also, because of its safe reputation, the exchange data is being used as a ticker(BTC/USD) on the Bloomberg terminal.
The Kraken platform specializes in offering Bitcoin trading services for the beginner as well as the professional trader. Besides trading in digital assets, it’s also possible to store your crypto in custodian wallets, crypto lending services, and staking cryptocurrencies.
Spot trading cryptocurrencies gives you a fee of 0.16% and this value decreases when USD volume rises. Additionally, margin trading is even cheaper where the rate is set to 0.01%.
FIL Cryptocurrency Trading Pairs on Kraken
Compared with the centralized exchanges above, Kucoin is probably a modern platform for trading any cryptocurrency. This platform founded by a group of cryptocurrency enthusiasts from Asia aims to offer comfort and security to your mighty assets. Kucoin which was launched in May 2017, has its headquarters in China despite the difficult climate towards cryptocurrencies performed by the local government.
One of the remarkable policies this centralized trading platform has is its liberal sign-up policy for new users. Signing up at this platform can be done with just e-mail and mobile phone which speeds up the process of buying Filecoin in a fast way.
Besides trading, Kucoin offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
FIL Cryptocurrency Trading Pairs on Kucoin
Is Kucoin a good place to get Filecoin? Below the only option you have to acquire Filecoin here:
Bitfinex has been around for many years in the cryptocurrency space and is one of the exchanges with the highest daily trading volumes. To start trading at this exchange you have to sign up and go to a regular KYC/AML procedure first.
This online trading company is based in Hong Kong and has been operational since 2014. It gives its users the option to trade more than 100 cryptocurrencies/pairs in exchange for USD, EUR, ETH, or BTC. Depositing EURO or USD to this is exchange is currently only available by wire transfer.
Bitfinex is very popular among professional traders because of its high trading volumes and the possibility to go Long or Short. Therefore to start trading at this platform a minimal deposit of $10.000 is needed to get an account there.
FIL Cryptocurrency Trading Pairs on Bitfinex
Last in the list of best places to get Filecoin is Bittrex. Since the beginning of the crypto era, Bittrex has been around and gained much trust along the way.
Bittrex has one main service it provides which is its trading platform. The platform lists a wide variety of currencies and allows for standard spot trading orders to be executed. Particularly, I have Bittrex added to the list, because they are very reliable on the BTC spot trading pair.
The current trading engine seamlessly glues together automated trading features. For instance, stop-loss, good ’til canceled (GTC), an instant buy or sell, with all the standard technical charting tools a trader needs. Also, if you are a US resident trader, this is another good place to start trading cryptocurrency.
FIL Cryptocurrency Trading pairs on Bittrex
To enumerate, Filecoin cryptocurrency is a blockchain project with huge potentials. As they are trying to improve the web by offering a decentralized solution for storing your private data. Remember, the entire cryptocurrency market is very young and small compared to more traditional markets like stocks or commodities.
Furthermore, by investing in projects that are promising, it’s also very important to find the best places to buy or trade FIL. With this guide, I hope it’s more clear to you what options you have as an investor and know what places to go to in order to build some future wealth.
The following articles might also be a good read for you:
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- Top 5 Do’s and Dont’s of Cryptocurrency Wallets
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