Buy Filecoin (FIL) in India at ₹139.28

Live FIL/INR Price

₹139.28

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2.97%

Price Changes

₹4.13

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2.97%

24h Low

₹136.58

24h High

₹144.5

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Reasons to Buy Filecoin (FIL)

• It is eco-friendly by opting to utilize the available resources.

• Filecoin provides a higher level of safety from the existing market players.

• They use a relatively different term for miners as ‘Storage miners.’ They receive deal fees in terms of FIL from the clients.

• It has a market capitalization of more than $6 billion.

• It has a maximum supply of 2 billion coins.

What is Filecoin (FIL)?

Filecoin was launched in 2020 and was successful in raising $257 million in its ICO in 2017.

It had the aim of sharing the available computer space in return for some incentives. Filecoin is a decentralized protocol to help people rent out their spare storage space on their computers. The present scenario involves big market players such as Amazon Web services that have a centralized server prone to a hack. Filecoin, at the same time, provides a decentralized environment for you to store your files and protect your important data by shredding it across a larger number of computers.

Things to consider before buying Filecoin (FIL)

• Filecoin is a P2P crypto with faster payments and low transaction fees.

• It works on the Proof-of-Replication and Proof-of-Spacetime consensus algorithm.

• It doesn’t work on regular mining protocol, but storage miners are rewarded with FIL for the mined blocks.

Highlight

Filecoin is a decentralized protocol to help people rent out their spare storage space on their computers.

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Price Statistics

FIL Price Today

FIL Price

₹139.28

Price Change 24h

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2.97%

Price Change 7d

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18.35%

Market Rank

#63

Market Cap

₹10,264 Cr.

Trade Vol 24h

1,794 Cr

Circulating Supply

73 Cr. FIL

Trading Activity

41% Buy59% Sell

FAQ's

1. How Can I Buy Filecoin In India?

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CoinSwitch App is the simplest way to buy Filecoin in India. Sign up now and start investing with ₹100

2. Can I Buy Filecoin Directly?

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Filecoin can also be bought directly through Peer to Peer (P2P) trade. There is always an

option to buy from a decentralized exchange (DEX) or from anyone who already has Filecoin (FIL). The problem remains in the complex functionality of decentralized exchanges and also in finding a trustworthy seller who can provide you with the crypto. Therefore, this route is mostly taken by the Pro traders.

If you are new to crypto, you might want to take the simplified route and Download the CoinSwitch App!

3. How to Buy Filecoin Stock?

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You can buy Filecoin in just 4 steps on CoinSwitch:

• Open the CoinSwitch App, click on the Market tab from the bottom navigation, and select Filecoin.

• Click on the ‘Buy’ button.

• Enter the amount that you would like to buy Filecoin for, say ₹100, and click on the ‘Preview Buy button

• Check all the details of your order and proceed by clicking ‘Buy.’

Congratulations, you just bought your first Filecoin!

4. What Price To Buy Filecoin (FIL)?

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As most of the cryptos that exist on the platform are under the development

phase, with changes happening very frequently, there is no specific answer to what price we should buy a crypto. The value of Filecoin can rise over the next years while you would regret not buying it at lower prices.

Instead, you can invest small amounts periodically and balance the opportunity and risk. Start investing in Filecoin for as low as ₹100

5. What Time To Buy Filecoin?

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There is no best time to opt for investments as the assets grow over a period of time. If you are

waiting for the golden moment to come when you are buying the Dip, you are already losing out on the returns you could have gained until then. Therefore it is advised to start from Day 1.

Start with small amounts and use them over a period of time; however, you can always choose to invest a lump sum amount when the Filecoin is undervalued.

6. What Platform To Buy Filecoin (FIL)?

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There are dozens of platforms available on the Internet for buying Filecoin (FIL), but what differs is the experience and interface that allows for easy investments in the longer run.

The apps available are quite complex to understand, and it would be very difficult to invest.

However, CoinSwitch takes away all the hassles of buying cryptos and provides complete peace of mind while buying Filecoin.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.