How to Buy Filecoin (FIL) in Australia

A Step-by-Step-Guide on how to buy Filecoin (FIL) in Australia

Step 1 – Join Coinmama

You'll first need to buy one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Filecoin (FIL) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find {Filecoin (FIL)|(FIL) Filecoin}

As soon as your deposit has been verified, you'll immediately have access to your funds and you can begin invest and trading. To purchase {Filecoin (FIL)|(FIL) Filecoin} on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To spot {Filecoin (FIL)|(FIL) Filecoin}, you'll need to put the short name of the asset (FIL) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “FIL/BTC” to go ahead.

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

As soon as you've discovered {Filecoin (FIL)|(FIL) Filecoin}, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The ”Price” field will be filled automatically with the latest rate {Filecoin (FIL)|(FIL) Filecoin} was sold for. You can change this to your desired rate. The ”Amount” field is the amount of FIL you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of FIL.

If you are happy, click on “Buy FIL”. Your order will be filled when a Seller sells their FIL for the price you offered.

Step 5 – Withdraw {Filecoin (FIL)|(FIL) Filecoin}

Unless you're frequently trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. To withdraw your {Filecoin (FIL)|(FIL) Filecoin}, hover over the ”Funds” tab and click on “Withdraw”. {Filecoin (FIL)|(FIL) Filecoin} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Filecoin (FIL)|(FIL) Filecoin} by using the provided drop-down box. Put into the amount of {Filecoin (FIL)|(FIL) Filecoin} you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Congrats! You have successfully purchased and safed Filecoin (FIL) in Australia.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the {Filecoin (FIL)|(FIL) Filecoin} is safe within your wallet, you are done.

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