How to buy Filecoin (FIL) Token - Project explained, price and risks

Buying Filecoin (FIL) on the Binance platform

Binance could be considered one of the top trading platforms in the world.

Learning how to trade with Filecoin (FIL) is essential if you need to start out operating on that platform.

Stay on this post and you’ll discover all the information you need for purchasing crypto on Binance.

Discover ways to register on Binance

The only way to get started in trading within the Binance platform is opening an account in it.

Easy subscription: just follow the detailed guidelines listed below.

Search for the "Register" option in the Binance homepage and press on it to start the registration process.

Access directly to Binance by pressing here.

Once on the Binance platform press the "Register with a phone or email" button.

You can also do this using your Apple tablet.

In this article you’ll will see the subscription technique using an email address.

• In the window you’ll immediately see, choose your country of residence from the drop-down list.
• Now the crucial step: password. Create a string of characters strange enough not to be easily deducted. Never use your birth date, middle name or things like that. Be well aware that it’s your money what will be protected by that word
• If you would want to be updated periodically via e-mail about Binance news, mark in the corresponding box. Then you must accept the "Terms of Service" and that’s almost all. Your account has been created Now it just needs to be verified via e-mail

The Binance platform will immediately send an activation keycode (remember: this is NOT your password) that you’ll write it in the corresponding box, then click on "Send"

That’s all! You are now registered to Binance.

Take a time to become familiar with the different areas of the Binance platform by browsing them.

That’s the best way to know how practical the Binance platform is, and how quick you can start trading Filecoin (FIL).

The identity checking is a required step you need to fulfill to have access to all these options.

It is very important to notice that until you fulfill this protection measure, youwon’t get permission to start trading Filecoin (FIL).

In the following section, you’ll be guided on how to do that. Zero problems.

How to verify your Binance account and start trading

The following are the steps to verify your Binance subscription and get the permission to begin operating:

On the main screen, place the mouse pointer on the user profile menu and a list will immediately appear where you will need to press "Security"

Or just look for the "Verify" button on the upper part of the screen

Look for the option "Identification" on the left side of the navigator window.

Country of residence should be picked here.

Now, the three verification levels:

• The one you already have.
• The Verified.
• The Verified Plus.

To begin, you must select "Verified", pressing the "Start now" button below it.

Then a pop-up window will appear and there you must enter the following info:

• Nationality.
• First Name and Surname.
• Middle name and birth date.
• Residence address (exact).

The next step is to sustain your identity using a legal document.

ID card, passport or even a driver’s license are all valid documents to fulfill this requirement.

Follow the system requirements to take a selfie.

Once you have fulfilled the system’s instructions, you’ll have to wait a short time while your account is verified.

As soon as your profile has been approved, you’ll be notified via email, just be patient.

Upon receiving that e-mail it’s time to buy Filecoin (FIL), just see the guidelines below.

Buying Filecoin (FIL) on Binance

Learning how to invest your money in Filecoin (FIL) is not that hard.

It is time to verify your identity with a legal document.

Use your ID card, passport or even your license to complete this step.

Now, you will have to take a selfie, according to the application’s requirements.

Now you’ll have to wait for a short time while an account confirmation process is performed.

When your request has been accepted, you’ll be informed via e-mail, just be patient.

The following instructions will guide you through the Filecoin (FIL) buying process. As soon as you’ve got the confirmation e-mail, you’re a Binance authorized Filecoin (FIL) trader.

Buying Filecoin (FIL) on Binance

Learning how to invest your money in Filecoin (FIL) is actually quite easy.

You may have different alternatives throughout the process

To know which alternatives can be found when buying, look for the "Buy cryptos" menu on the Binance homepage.

Obviously, you’ll only be able to do this if you’re logged in

Hover your mouse on this key and a list of buying alternatives will deploy.

At this point, the Binance platform will require you to use a legal document for identity corroboration.

Use your passport, ID card or even your license to complete this step.

Follow the system guidelines to take a selfie.

Once those requirements have been fulfilled, the Binance platform will do a verification process on your account.

Now you have to wait until your request has been approved. Be patient, Binance is going to let you know via email.

The following instructions will guide you through the Filecoin (FIL) purchasing process. As soon as you’ve got the confirmation email, you’re a Binance authorized Filecoin (FIL) trader.

How to buy Filecoin (FIL) on Binance

Understanding how to buy a Filecoin (FIL) is actually quite easy.

You will probably have different options throughout the process

To know which options can be found when buying, look for the "Buy cryptos" menu on the Binance homepage.

Certainly, you’ll only be able to do this once you are logged in

Place your mouse on this option and a list of buying alternatives will deploy.

Did you know you can use your debit or credit card to purchase FIL?

The first thing you will do to buy the Filecoin (FIL) of your preference using a credit card, is to pick this option from the drop-down list labeled "Buy Cryptos".

Next, just carry out the following guidelines:

Now you must pick the currency you’d like to use and enter the amount you are going to invest.

In the second field you should select the Filecoin (FIL) you would like to get

The number of Filecoin (FIL) you’ll be given will depend upon the amount of USD you’ve previously specified. The Binance platform will automatically show it to you.

The following directions will help you in the process:

In the next box, select the currency you’d like to use and specify the amount you are going to invest.

The the Filecoin (FIL) you would like to purchase should be picked from the second field

After you do so, the platform will automatically show you the quantity of Filecoin (FIL) you’ll receive, according the amount of USD you’ve recently defined.

Now select "Continue".

To use your credit card as a payment method, select in the "Visa/Mastercard" box the button "Add card".

Indicate your CC details and press "Next".

The following field is where you’ll enter the address associated to the credit card. Enter it exactly as it is, then select "Add card".

Now that your new card has been successfully added, click on "Continue".

The system will now show you the synthesis of the purchase order you are generating. The amount your card will be charged in the currency you have picked, and the Filecoin (FIL) you will receive.

Another detail of relevance in this overview is the percentage you’ll be charged as a commision for making the operation.

In less than 1 minute press "Confirm", and then the order will be automatically canceled.

After this, you’ll be sent towards the site of the credit card issuing bank. Follow the steps in the same way you would generate a payment with your card.

After the banking process has been done, you’ll have your purchased Filecoin (FIL) in your Binance e-wallet (called the «Spot Wallet»)

See how easy is how to purchase Filecoin (FIL) with Binance P2P

Next, all the relevant details of the transaction will be displayed: the amount you’ll pay and the corresponding currency, and of course, the cryptos you are going to get.

It will also let you know the commission will be charged for the transaction.

You have 1 minute to press "Confirm", otherwise the order will be automatically canceled.

Next, you will be redirected towards the site of the bank issuing the credit card. Follow the instructions in the same way you would normally generate a payment with your credit card.

Your recently bought Filecoin (FIL) will be deposited to your Binance digital wallet (called the «Spot Wallet») after the banking process has been finished

Learn how to buy Filecoin (FIL) with Binance P2P

1. Go to the "Security" panel of your account.
2. In the menu on the left-hand side click on "Payment".
3. Click on "Add a Payment Method" and the system will guide you through the rest of the process.

Now that the new method of payment has been configured in your profile, go to the upper bar of the navigator and hover on "Buy Crypto" to drop-down the menu and choose "Trading P2P". Then see the following guidelines:

1. Locate the "Buy" button on the upper bar of the "P2P Account" menu and click it
2. In this bar you’ll find the list of Filecoin (FIL) available for purchase through P2P operations. Pick the one you want, for this exercise we use «USDT» as an example.Note that any Filecoin (FIL) purchased through P2P trading is allowed to be exchanged by any of the foreign currencies available on Binance.
3. It is time to select the currency you want to pay with, for instance, «VES». To do this, see the drop-down list under the "Fiat" label.
4. Use the "Amount" box to enter the amount in VES you’d like to invest to buy Filecoin (FIL).
5. You will see a list of dealers’ offers as soon as you have defined the method of payment.
6. Any of the sellers shown in the list can be chosen, but it is recommendable to choose a verified one (with the blue diamond badge), and even better, a high-volume seller (golden star mark).
7. Now click on "Buy USDT"
8. Enter the amount in VES you would like to pay
9. Select "Buy USDT" again
10. Now a purchase order has been created and you’ll be able to contact the trader. Pay, press "Transferred, Next", then press "Confirm". Note that there’s a time limit for you to pay.

The right way to transfer your Filecoin (FIL) to the Spot Wallet

The seller, upon validating money reception, will instantly release the Filecoin (FIL).

The default place where Filecoin (FIL) are deposited is your Binance wallet.

Take into account that your Filecoin (FIL) must be in your Spot Wallet in case you want to get others, so you must transfer them there before.

To achieve this, you only need to press "Transfer to Spot Wallet" right after the purchase order is completed.

This Filecoin (FIL) internal movement can be performed whenever you need.

How you can transfer your Filecoin (FIL) to the Spot Wallet

After you have made a payment to the seller, they may release the Filecoin (FIL), by confirming payment reception.

The default place where Filecoin (FIL) are deposited is your account wallet.

NB: you will have to move them to your Spot Wallet in order for you to purchase another crypto.

You can do this immediately immediately after the buying order has been completed just by clicking "Transfer to Spot Wallet".

In the event you didn’t follow this step, don’t worry, you can move the cryptos later.

1. Drop the "Wallet" list down and press on the "Wallet Funds" button.
2. Now press "Transfer" button on the upper right area of the navigator window.
3. A pop-up window will open, where you must set the options to:
• From: «Funds»
• To: «Fiat and Spot»
4. For The purpose of this post, we use «USDT» as an example, but you’ll obviously indicate the currency you have
5. Set the cryptos you are transferring to the spot walet and press "Confirm".

With these funds already in your Spot Wallet, nothing keeps you from trading any crypto you believe might yield the greatest profit.

To purchase Filecoin (FIL) from the Binance platform all you have to do is the following:

1. Select the "Trading" menu in the top section.
2. In the listing select the "Convert" option.
3. Fill in the box the amount of «USDT» you want to invest.
4. Now select the crypto you’re about to buy.
5. Choose "Preview conversion".
6. Validate the operation and that’s it. You will have the funds of the selected cryptocurrency in your Spot Wallet.

With these money already in your Spot Wallet, don’t fear to buy any cryptocurrency you believe will yield the greatest profit.

To buy Filecoin (FIL) from the Binance platform what you just have to do is described below:

1. Find the "Trading" option in the top top section.
2. From the listing select the "Convert" alternative.
3. Fill in the box the amount of «USDT» you want to invest.
4. Select the cryptocurrency you wish to buy.
5. Choose "Preview conversion".
6. Confirm the transaction and that’s all. You now will have the funds of the selected cryptocurrency in your Spot Wallet.

This post surely pictured you a wide vision of what Binance is and how you can trade Filecoin (FIL) on it.

Cryptos have come to stay, and Binance is a secure and friendly platform to do business. Start today!