How to Buy Filecoin (FIL) in India

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!

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!

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

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.