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Buy FIL in a few steps

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How to buy FIL (FIL)

Step 1: Register

Create your account in minutes. Just provide your email or phone number, add two-step verification, and tell us your location to set up your preferred currency.

Step 2: Verify your identity (KYC)

Upload your ID and complete a quick liveness check to meet local regulations; verification is usually completed within minutes.

Step 3: Buy FIL

Buy FIL instantly with a debit card, credit card, Apple Pay, or Google Pay, or use bank transfer/ACH for lower fees and higher limits (availability varies by region). Enter the amount, review the live rate and fees, confirm, and receive your crypto securely.

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What is FIL (FIL)?

Filecoin (FIL) is a decentralized storage network built by Protocol Labs, a San Francisco-based research and development company founded by Juan Bennet in 2014.


Protocol Labs aims to create a decentralized, fast, affordable, and secure Web 3.0 with two products called Interplanetary File System (IPFS) and Filecoin.


IPFS is a peer-to-peer protocol that allows anyone to host and receive web content. Its second product, Filecoin, is built on the IPFS as an incentive layer and is a decentralized storage blockchain designed in 2017. Filecoin generated more than 200 million dollars at its presale.


Filecoin does not store files on the blockchain but handles all FIL transactions. It also stores all agreements between storage miners and clients renting storage data. Filecoin storage miners earn FIL tokens directly from their clients, proportional to the FIL stakes and the hard drive space they’ve committed to the Filecoin network.


FIL is Filecoin’s native token and is used to pay for network fees. It is considered a deflationary asset, meaning FIL tokens are burned whenever a storage miner stake is slashed.

FIL FAQ

  • Cryptocurrencies, such as FIL, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
  • Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as FIL have been created as well.
  • Check out our FIL price prediction page to forecast future prices and determine your price targets.