How to trade Filecoin?

What is Filecoin (FIL)?

  1. Storage miners. They receive data from clients. They receive a fee for storing data on hard drives.
  2. Customers. Individuals, corporations, companies that want to transfer their data for storage.

Why should I trade Filecoin?

  • Filecoin is one of the hottest topics in the crypto industry. It is considered the key to Web 3.0 and a high-potential project in the field of decentralized storage.
  • The demand for storage in the market is growing, and the cloud storage industry will also become a market that brings in hundreds of billions.
  • The project’s services are used by such well-known companies as Wikipedia, gnomAD, OpenAQ. This has a positive effect on the capitalization of the asset, making FIL a reliable investment.

Where to trade FIL?

  • Binance — the most liquid exchange in the world. Provides an opportunity to trade a wide variety of coins in a safe manner. Low trading fees.
  • Huobi — verified users have access to margin trading with 5x leverage. In order to get a loan, you need to leave a request in the Margin section.
  • 7b crypto broker — a simple and easy-to-use service. Provides trading of coins that have been listed on Finance. Competitive trading fees.

How to trade Filecoin using the 7b crypto broker app?

  1. Create a verified account on 7b.
  2. Top up your balance with any available cryptocurrency.
  3. Select cryptocurrencies to trade.
  4. Enter the amount to buy or sell.
  5. Place a market order.
  6. That’s it! The funds will be credited to your account soon.

Filecoin (FIL) Exchange

Where to exchange Filecoin?

Broker:

Swap platform:

  • Changelly — a well-known and reliable exchanger, with support for fiat. You can exchange at a fixed (not available for FIL) or floating exchange rate.
  • ChangeNOW — a non-cathode exchanger, with a good reputation. There is no upper limit when exchanging coins, there are no hidden fees.
  • CoinSpot — an Australian exchanger with a simple and clear interface. More than 300 coins to exchange. Low exchange rates.

What to know before exchanging Filecoin?

  1. Explore the selected platform for the convenience and speed of support work.
  2. Read reviews about the reliability of the services provided.
  3. Perform an operation with a small amount of funds first.
  4. Double-check the entered address of your wallet.
  5. Find out the limits of the platform.

How to buy Filecoin for fiat?

  1. Select FIL and fiat for purchase.
  2. Enter the desired amount.
  3. Enter the wallet address.

Filecoin use cases

  1. Coin mining. There are 2 unique algorithms provided: Proof-of-replication (PoRep) and Proof-of-Spacetime (PoST). You can receive coins both for storing other people’s data on hard drives, and for extraction and transfer operations.
  2. Сonducting transactions on the network.
  3. In 2021, there are still few platforms and services that accept FIL for payment for goods, but as coin is popularized, their number is increasing. For example, one of the already concluded partnerships is with the main messenger in China, WeChat.

FAQ

Is Filecoin a good investment?

How do I invest in Filecoin?

How to trade FIL for beginners?

What is Filecoin Blockchain?

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Michael Selge

Michael Selge

Marketing manager of 7b crypto broker app