How to Buy Filecoin (FIL) in Azerbaijan

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

Step 1 – Join Coinmama

You will first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum (ETH) or Bitcoin (BTC) has 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 have selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

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

Once your deposit has been affirmed, you'll immediately have access to your finances and you can initiate invest and trading. To buy {Filecoin (FIL)|(FIL) Filecoin} on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

In order to find {Filecoin (FIL)|(FIL) Filecoin}, you'll need to insert the short name of the asset (FIL) into the search box, which is marked in the picture. Be certain of having selected the right grouping, we've marked this too. Click on “FIL/BTC” to proceed.

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

Once you have found {Filecoin (FIL)|(FIL) Filecoin}, you'll 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 Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price {Filecoin (FIL)|(FIL) Filecoin} was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of FIL you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of FIL.

When you are satisfied, make a mouse click on “Buy FIL”. Your order will be filled when a Vender sells their FIL for the price you submitted.

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

Unless you are regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your {Filecoin (FIL)|(FIL) Filecoin}, go to the ”Funds” tab and click on “Withdraw”. {Filecoin (FIL)|(FIL) Filecoin} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Filecoin (FIL)|(FIL) Filecoin} by using the given drop-down box. Put into the amount of {Filecoin (FIL)|(FIL) Filecoin} you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Kudos! You've successfully purchased and stored Filecoin (FIL) in Azerbaijan.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the {Filecoin (FIL)|(FIL) Filecoin} is stored in your wallet, you are finished.

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