How and Where to Buy Filecoin FIL Crypto?

February 1, 2022

How to Buy

Amrit Korpal

Filecoin is a decentralized storage project aimed at replacing expensive and inefficient Google and Amazon servers. It guarantees information security, and Filecoin (FIL) is a cryptocurrency used to pay for free disk space. Keep reading the new StealthEX article and find more about FIL crypto and where to buy Filecoin.

Filecoin was launched in Autumn 2017. However, investors got interested in this project only in Spring 2021 when the token grew 6 times.

Where to Buy Filecoin?

Thinking about how to invest in Filecoin, choose StealthEX. This exchange allows you to exchange tokens in minutes, as you need to provide only basic information with no need to pay hidden fees.

How to Buy FiIL Crypto?

Just go to StealthEX and follow the instruction below. Let’s imagine you want to exchange ETH to FIL. To make an exchange, you need to take a few simple steps:

First, you should choose Ethereum in the left drop-down list. Then choose FIL token in the right list of coins. 

After setting the pair it is necessary to enter the amount of ETH you want to exchange.

Here you will see the estimated amount of Filecoin crypto that you will receive after the exchange.

Now when everything is set for the exchange, press the Start Exchange button and you will be taken to the next page.

In the second step, you need to provide the FIL recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.

As soon as you have carefully checked all the details, you can press the Next button and you will be redirected to the Confirmation page with the information about the exchange.

Here you can revise the address provided and the amount of FIL cryptocurrency you will receive. Don’t forget to read and check the Terms of Use and Privacy Policy box. Without checking the box you will not be able to continue the exchange.

Pressing the Next button you will be redirected to the Exchange page.

At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.

Exchange Statuses

After sending ETH coins to the shown address, the information on the Exchange page will be renewed automatically. The Exchange page has several statuses that will change during the time of the exchange.

• The first status is Awaiting deposit.
• The following status is Confirming. This means that StealthEX is confirming the transaction you made.
• The next status is Exchanging. During this time the exchange is being made.
• Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your Filecoin crypto.

Completion of the Exchange

Finally, you will be redirected to the Finish page. This shows that the exchange has been successfully made and you will receive crypto to the address provided. To be sure that FIL coins were sent to your wallet you can also use the Output hash shown on this page and check it in the blockchain list of transactions.

From here you can either create a new exchange on StealthEX.io or leave the page and check your Filecoin coin wallet to be surprised at how fast you got FIL crypto. Usually, the process is quite rapid so you won’t need to wait long.

Filecoin Features

This project offers many benefits:

• Global storage that is owned by everyone.
• Lots of tools, libraries, integrations, and providers letting developers improve their projects.
• It’s possible to customize redundancy, speed, and cost to a particular person’s needs.

Furthermore, Filecoin uses modern algorithms, such as Proof-of-Spacetime and Proof-of-Replication. The blockchain itself verifies proofs and automatically takes corrective action when needed.

How Does Filecoin Project Operate?

With FIL crypto, people can buy or sell free storage space. The process is as follows:

1. The customer pays a fee and applies to store their information.
2. Miners offer their storage prices.
3. The user chooses the right miners.
4. The file is split into many fragments, which are encrypted and sent to the selected miners.
5. Information about where the fragments are placed and how to assemble them is stored in the blockchain.
6. To reassemble the file from the fragments, one must have a secret key that is held only by the owner of the file.

In this way, the decentralized storage of information is ensured.

Filecoin Price Prediction

Most experts believe in Filecoin, and according to WalletInvestor’s Filecoin price prediction 2025, it will get over $84. CoinPriceForecast experts are sure that Filecoin price will reach its heights a bit later, in 2026. As for their Filecoin price prediction 2030, it will cost $115 by that time. 

Is FIL Crypto a Good Investment?

As we pointed out earlier, analytics predicts the growing tendency for the Filecoin project’s price in the future. So if you are looking for long-term investment opportunities with good earning potential, the FIL cryptocurrency can be an option for you.

And by the way, don’t forget that now our users can purchase cryptocurrencies using fiat and we still offer the opportunity to buy crypto at fixed rates!

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We are always ready to give you support if you have any issues with exchanging coins. Our team does our best to protect all members and answer their questions. For all requests message us via support@stealthex.io.

You are more than welcome to visit StealthEX exchange and see how fast and convenient it is.