What can you do with Filecoin?

Learn more about Filecoin

1. How does Filecoin work?

   Unlike traditional currencies, Filecoin is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Filecoin. This decentralization means the holders and users of Filecoin can help to maintain the network.

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2. Where can I buy Filecoin?

   Most find that the easiest and most secure way to purchase Filecoin is through a reliable cryptocurrency platform like Kraken. While Filecoin can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Filecoin.

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3. How much does 1 Filecoin cost?

   At the current market rate, it costs €2.13 to purchase one FIL. Kraken makes it easy to buy & sell Filecoin with confidence.

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4. Can I buy $100 worth of Filecoin?

   Yes, Kraken offers a secure and easy to buy $100 worth of Filecoin. At its current price, $100 equals NaN FIL.

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5. Is it safe to buy Filecoin?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your Filecoin purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your Filecoin investment. You should do your own research on Filecoin price before buying.

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6. Is Filecoin available to buy and sell in my country?
   

   
   To find out if Kraken offers Filecoin in your region, please check our Support article to see what cryptoassets are available in your country.
   

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7. Is Filecoin a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Filecoin may be a worthwhile purchase.

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8. Can I purchase Filecoin using my local currency?
   

   Kraken supports six different government-issued fiat currencies including:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. How much is Filecoin transaction fee?

   Kraken offers competitive fees for Filecoin transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Filecoin I can buy?

    
    You can buy as little as $10 worth of Filecoin on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Filecoin regularly.
    

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11. How to buy Filecoin with PayPal?

    To buy Filecoin with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like Filecoin, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase Filecoin.

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12. How to buy Filecoin with a debit card?

    You can buy Filecoin using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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13. How to buy Filecoin with a credit card?

    To buy Filecoin using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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14. How to buy Filecoin with other cryptocurrencies?

    Kraken makes it easy to buy Filecoin using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for Filecoin. Browse the Filecoin markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

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15. Can I transfer Filecoin from Kraken to my crypto wallet?

    Yes, the Filecoin you buy on Kraken is yours. Kraken makes it easy to withdraw your Filecoin to any hot wallet or cold wallet that supports Filecoin. Simply enter the external wallet address and your Filecoin will be in your wallet a few moments later.

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16. Is it safe to keep Filecoin on Kraken?

    We take every measure possible to keep the Filecoin you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Filecoin. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Filecoin?

    The current circulating supply of Filecoin is 677.002.597 FIL.

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