Simplecryptoguide.com

Simplecryptoguide.com

How To Buy Filecoin (FIL)

Global:

Coinbase
Binance

United States:

Coinbase

Start by creating your account by clicking one of the buttons above.
Sign up with your email address or mobile phone number, and choose a strong password.
Before you get started and buy anything, you first need to verify your identity.
Then simply scroll down on this page to the exchange you have chosen and follow the steps.

 

Coinbase

  • Step 1: Select ‘Buy/Sell’ from your dashboard
    Once your account is verified there are two main ways to buy.
    By linking your debit/credit card or by linking your bank account.

  • Step 2: Start buying Filecoin (FIL)
    You are now led to a new page where you can proceed with your Filecoin (FIL) purchase.
    Select your preferred local currency and enter the amount you want to spend.

Binance

  • Step 1: Select ‘Buy Crypto’ from your dashboard
    Once your account is verified there are two main ways to buy.
    By linking your debit/credit card or by linking your bank account.

  • Step 2: Start buying Filecoin (FIL)
    You are now led to a new page where you can proceed with your Filecoin (FIL) purchase.
    Select your preferred local currency and enter the amount you want to spend.
    Note that not all local currencies can be converted directly into Filecoin (FIL) – If this option is not available for you, simply follow the two remaining optional steps to complete your purchase.

  • Step 3: (optional) Start by buying Binance Coin (BNB)
    Select your preferred local currency and enter the amount you want to spend.
    We will then be converting that directly into Filecoin (FIL).
  • Step 4: (optional) Convert Binance Coin (BNB) into Filecoin (FIL)
    Return to your dashboard, then under the ‘Trade’ tab you will select ‘Convert’.
    From there you can directly convert your Binance Coin (BNB) into Filecoin (FIL) based on the current market price.

For more in-depth instructions, our ‘Get Started‘ guide will take you through the process step-by step.
In addition to providing instructions for sending and receiving your cryptocurrency. And our ‘Articles‘ will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Filecoin (FIL)?

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.

A decentralized storage network (DSN) built by Protocol Labs, Filecoin (FIL) connects, via the cloud, an ecosystem of computer operators buying and selling data storage and retrieval services. 

Tokenized rewards lubricate the file sharing exchange with participants receiving and sending FIL tokens for providing services on the network. 

Filecoin uses cryptographic proofs to verify the quantities and types of files on the network, transparently, helping to ensure files maintain integrity, while ensuring file storage is permanent and distributed across the web. 

Founded by game developer Juan Benet, Protocol Labs is known for its efforts to rewrite basic internet protocols, creating technologies like Interplanetary File Storage (IPFS), a web-address-protocol alternative to “http://” and on which FIL is based. 

Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.

Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible.

Official website: https://filecoin.io/

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