How to Buy Filecoin ($FIL)? Easy with Bitrue

Learn how to buy Filecoin ($FIL) safely and easily on Bitrue. Step-by-step guide, plus storage tips and alternative ways to earn FIL securely.

What is Filecoin ($FIL)?

Filecoin (FIL) is a decentralized storage network built to allow users to rent out unused hard drive space or buy storage on the blockchain. Developed by Protocol Labs, Filecoin acts as a marketplace for data storage where users pay in FIL tokens to store and retrieve data. Filecoin is critical in the web3 ecosystem, offering a decentralized alternative to centralized cloud storage services like AWS or Google Cloud.

Since its launch in 2020, Filecoin has grown significantly, powering a network with thousands of storage providers and users globally. According to Messari research, Filecoin is a leader in decentralized storage, securing petabytes of data across the network.

Also read:

Is Filecoin ($FIL) a Good Investment? Here's the Answer!

Why Buy Filecoin?

Filecoin’s growing ecosystem and its essential role in decentralized data storage make it an attractive asset for investors and blockchain enthusiasts alike. Beyond pure speculation, holding FIL allows you to participate in the storage market, pay for decentralized services, and even earn staking rewards on certain platforms.

As of April 26, 2025, the price of Filecoin (FIL) is approximately $2.88, reflecting a slight 0.8% uptick over the last 24 hours.

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How to Buy Filecoin (FIL)

How to Buy Filecoin (FIL) on Bitrue: A Step-by-Step Guide

Buying Filecoin doesn't need to be complicated. Bitrue provides a seamless and secure way for users around the world to acquire FIL. Here’s how you can do it:

Step 1: Create a Bitrue Account

• Visit Bitrue.com or download the Bitrue mobile app.
  
   
• Register using your email or mobile number.
  
   
• After registration, enable Google 2FA (two-factor authentication) to add an extra layer of security.
  
   

Step 2: Complete KYC (Know Your Customer) Verification

To comply with regulations and secure your account:

• Navigate to the "Identity Verification" section.
  
   
• Upload a government-issued ID (passport, driver's license, or national ID card).
  
   
• Take and submit a selfie.
  
   
• Verification usually completes within a few hours.
  
   

Step 3: Fund Your Bitrue Wallet

You can fund your account using:

• Credit/Debit Cards
  
   
• Bank Transfers
  
   
• Cryptocurrency Deposits (e.g., USDT)
  
   

Bitrue supports multiple payment options to cater to users globally. Before trading, ensure you have a sufficient balance, ideally in stablecoins like USDT.

Step 4: Purchase Filecoin (FIL)

• Navigate to "Trade" -> "Spot" on the Bitrue website or app.
  
   
• Search for trading pairs like FIL/USDT.
  
   
• Enter the quantity you want to buy at the current market price or set a limit order at your preferred price.
  
   
• Confirm your order.
  
   

Once the transaction is complete, your purchased FIL will be stored safely in your Bitrue account wallet.

Step 5: Secure Your FIL

You can:

• Keep FIL in Bitrue's secure custodial wallet.
  
   
• Transfer FIL to a private wallet for maximum control.
  
   

Alternative Ways to Acquire Filecoin

Aside from purchasing directly, there are several other methods to obtain Filecoin:

• Auto-Invest Plans: Regularly allocate a fixed amount into FIL, helping you "dollar-cost average" (DCA) over time.
  
   
• Staking Programs: Some exchanges offer FIL staking with rewards paid in FIL or other tokens.
  
   
• Earn Through Promotions:
  
   
  • Invite friends to Bitrue and earn bonuses in FIL.
    
     
  • Participate in Bitrue Rewards Center airdrops and challenges.
    
     
• P2P Transfers: Accept FIL as payment for goods or services in peer-to-peer (P2P) transactions.

Also read:

Filecoin Price (FIL)

 

Best Practices: How to Store Your Filecoin Safely

Once you own Filecoin, protecting your digital assets should be a priority. Here are the most common storage options:

Important: Wallets don't store your FIL directly. Instead, they secure your private keys, which grant you access to your coins stored on the blockchain.

For maximum security, hardware wallets are highly recommended, especially for holding large amounts of Filecoin over the long term.

FAQs

1. What is Filecoin (FIL) used for?
Filecoin (FIL) is the native token of the Filecoin network, used to pay for decentralized data storage services and incentivize storage providers.

2. Is staking Filecoin (FIL) available on Bitrue?
Yes, Bitrue offers flexible staking options for Filecoin holders, allowing users to earn passive income by locking their FIL tokens.

3. How do I keep my Filecoin safe after buying?
After purchasing, you can store your Filecoin (FIL) in your Bitrue wallet or transfer it to a secure personal wallet such as a hardware wallet for enhanced safety.

Bitrue Official Website:

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 https://www.bitrue.com/

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https://www.bitrue.com/user/register

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.