Support for the asset is provided by many of the best crypto platforms. Our top picks should get you going if you’re thinking about where to buy Filecoin.

One of the most intriguing blockchain-related cryptocurrency projects is called Filecoin (FIL). Its main objective is to promote users’ access to decentralized storage. Users looking for a way to protect sensitive documents are increasingly turning to Filecoin as their preferred platform. The project has become more popular as a result.

This blog explains where to buy Filecoin and ways of buying Filecoin.

Where to Buy Filecoin

eToro – Overall Best Place to Buy Filecoin

eToro is the best place to buy For beginners, Filecoin. Due to its social trading framework, the platform has grown in popularity among investors. Investors can interact and share knowledge in a public forum on the eToro platform.

eToro’s unique framework is also obvious in its trading functionalities. Users can easily copy the profitable trades of experienced traders on the platform by using CopyTrader. New investors can profit from this while also limiting their losses, which makes it simple for them to do so.

The CopyPortfolio functionality on eToro also enables investors to automatically diversify their portfolios among the best-performing industries and geographical areas. This is regularly rebalanced to enable investors to maximize their investment portfolio.

eToro offers 60+ top-performing assets, including Investors paying 2.46% for each cryptocurrency transaction, and the minimum deposits differ by country of residence. There are no fees for funding your account, but US and UK customers can get started with a $10 deposit.

eToro features a number of payment methods, including bank wire transfer, credit/debit card, Neteller, Skrill, and PayPal.

Due to its stringent regulatory compliance, the exchange has a solid reputation for security. Several tier-1 organizations, including the Financial Conduct Authority (FCA) of the UK, the Australian Securities and Investment Commission (ASIC), and the Financial Industry Regulatory Authority (FINRA), are in charge of overseeing the cryptocurrency platform.

eToro’s strong focus on a social framework makes the platform user-friendly as investors can easily onboard and place their first trade in minutes. Additionally, it supports crypto staking on ETH, ADA, and TRX at the moment for passive income.

Binance – Top Platform for Deep Crypto Liquidity

The biggest cryptocurrency exchange in the world is called Binance. It has significant crypto liquidity. The platform’s enormous exposure to more than 600 crypto assets and the billions of transactions it processes each day demonstrate its success.

Changpeng Zhao founded Binance in 2017, and since then it has developed into a dominant force in the centralized cryptocurrency exchange market. In the meantime, its BinanceEarn program has also achieved remarkable success because it makes it simple for investors to access top projects and generate returns from their digital assets.

One of the lowest fee schedules in the cryptocurrency sector is offered by Binance. Trading fees are flat at 0.10%, but Binance Coin (BNB) owners receive a 25% discount on their trading costs. For additional discounts, sign up using a Binance referral link.

In addition to having a fully licensed US subsidiary called Binance.US, Binance is governed in a number of jurisdictions. The Financial Crimes Enforcement Network (FinCEN) oversees this platform, which runs independently of the larger global organization.

If you’re a crypto novice looking for a place to purchase Filecoin, Binance might not be the best option for you. The platform is more suited for professional traders because it includes a number of complex operations. Although you can switch to a classic view, it’s not the most user-friendly platform to use.

First-time users must go through a mandatory know-your-customer (KYC) procedure before they can fund their accounts with a minimum of $10. Peer-to-peer (P2P), credit/debit cards, e-wallet solutions, and bank transfers are all accepted forms of payment.

Crypto.com – Top Platform for Crypto Cashbacks

One of the best cryptocurrency exchanges to purchase Filecoin was launched in 2016, and its name is Crypto.com. With other leading crypto services, Singapore-based Crypto.com provides access to more than 250 digital assets.

One of these services is a cryptocurrency card with cash-back rewards for users. For some of the top-tier Obsidian Crypto.com Visa Cardholders, this can increase by as much as 8%. Investors can purchase, exchange, and sell a sizable selection of crypto assets on the cryptocurrency platform.

In terms of fees, Crypto.com levies a trading fee of 0.40%. Users who hold enough of the platform’s native token, Cronos Coin, in their accounts are eligible for a 10% discount on their regular trading fees.

From the ISO and PCI bodies, Crypto.com has security licenses. Multi-factor authentication (MFA) is one of the user-focused security measures. To guard against theft, more than 90% of every user’s money is properly kept in cold storage.

For new cryptocurrency investors, Crypto.com is simple to use and provides a number of payment options, such as bank transfers, credit cards, and e-wallet solutions. It is well known for allowing users to earn up to 14.5% APY in cryptocurrency interest.

Coinbase – Best Platform to Buy Filecoin for Beginners

Another pure-play exchange for digital assets that has taken the world by storm is Coinbase. Launched in 2012 by the company’s current CEO, Brian Armstrong, Coinbase has grown to be a go-to for many users entering the cryptocurrency market for the first time. The platform is renowned for its services that cater to beginners.

To help new users learn how to buy, sell, and convert digital assets, Coinbase provides a number of educational resources. The trading platform offers more than 300 digital assets.

The low minimum deposit amount supported by Coinbase is another significant draw.

Even $2 can be used by new users to purchase their first cryptocurrency. After that, they have a variety of deposit options available to them for funding their account. However, a lot of this depends on where they live. Customers in the US can pay with an automated clearing house (ACH), a debit card, Apple Pay, or Google Pay. PayPal, bank transfers, instant cashouts, debit cards, and other options are supported for use in other regions by Coinbase.

The costs associated with Coinbase are unclear. Only the traded asset, the volume, and the current network fees are taken into account when calculating the trading fees.

A Pro version of the platform is available for experienced cryptocurrency investors. Less expensive fees are offered, as well as more trader incentives like technical and trading indicators. There, the base fee schedule is more lucid and begins at 0.4% for limit orders and 0.60% for Coinbase Pro users.

Both the US FinCEN and the UK’s FCA regulate Coinbase.

What is Filecoin?

The storage industry will be decentralized thanks to Filecoin. Users will have simple access to a censorship-resistant platform where they can store their assets and have unrestricted access to their files at any time.

Filecoin, which is based on the Ethereum blockchain, aims to replace the conventional cloud storage service run by tech behemoths Google, Microsoft, and Amazon while rewarding users with better services utilizing blockchain technology.

The top decentralized storage platform in the cryptocurrency ecosystem is Filecoin, which was created by Protocol Labs.

The peer-to-peer framework of the platform is renowned for enabling users to store their private files with the closest storage provider. The network token FIL provides these decentralized storage providers with the proper incentive to securely store user files.

Filecoin requires all storage providers to provide proof of storage in order to ensure that there are no malicious actors operating within its network. This keeps all computer nodes in order.

One of the Web3 movement’s pioneers is the cryptocurrency Filecoin. With no industry monopolies, the project aims to facilitate an open market where users can store and retrieve their assets. The lack of censorship has made it simple for storage companies to offer the best storage services.

Instead of relying on centralized storage entities that might not be available where the user lives, Filecoin enables the user to pick from a variety of storage providers and quickly upload or retrieve the files they require in real-time.

Ways of Buying Filecoin

Buy Filecoin With PayPal

PayPal is a well-known way to pay for crypto assets on different cryptocurrency exchanges. eToro supports Using PayPal as a method of payment to purchase Filecoin. By selecting “PayPal” as their preferred payment method and clicking the “Deposit” button, investors can purchase FIL. Investors will be redirected to another page to complete the payment process.

Buy Filecoin With a Credit Card Or Debit Card

The majority of cryptocurrency exchanges give customers the chance to purchase Filecoin using a credit or debit card. Most cryptocurrency exchanges charge a fee between 1% and 4% when using the credit card option. Users are not charged by eToro for using their credit cards, though. The use of the credit/debit card payment option is very simple, and the transaction happens quickly.

On the eToro platform, all you have to do is click the “Deposit” option and then pick a credit or debit card. For verification, they must supply the card number and CVV.

Read More: How To Buy Filecoin? Is Filecoin A Good Investment?

Conclusion

Users can let others rent space on their computers thanks to the decentralized Filecoin protocol. Anyone on the Filecoin network has access to enormous amounts of storage. The retention of data is crucial. By preventing network congestion, it helps the entire blockchain operate correctly at all times.

Use cryptocurrency exchanges to purchase Filecoin if you’re a new investor. We advise using eToro. The cryptocurrency exchange is overseen and well-protected against bad actors. eToro is also quite easy to use and affordable.

Investors with small trade margins will be drawn to the platform because it offers some of the lowest trading fees in the market.

FAQs