The price of the Filecoin (FIL) token has increased by 8% in the last 24 hours
The Filecoin token is up 8% in the last 24 hours and is trading at $69.53 at the time of writing this article. The FIL Coin has the potential to record another 5-10% gains if the token continues to rise in the future. The token has the potential to break the $75 mark and beyond if the whales decide to push prices down in the future.
How and where to buy Filecoin in Germany and elsewhere
If you want to buy crypto tokens, you need to register an account with a crypto exchange/broker platform. All you need to do is provide your full legal name, email address and phone number. At this stage, an additional step is required within the framework of Know Your Customer (KYC) regulation. You must verify your account by providing proof of identity and address. To do this, you can provide copies of your driver’s license and utility bill. KYC regulation helps secure the platform for all users.
It is important to avoid decentralized exchanges as they are not regulated. We have shortlisted two of the best platforms for trading for you.
Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the largest cryptocurrency exchanges in the market.
Buy FIL now at Binance
eToro
eToro is one of the leading trading platforms for investing in crypto assets. Packed with features including copy trading, advanced technical charts and a range of trading tools, eToro’s platform is suitable for beginners and professionals alike.
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What is Filecoin?
Filecoin is a storage network that aims to decentralize the sharing and storage of the virtual sector. Cloud storage space is currently dominated by a few major players, and Filecoin aims to change that and give retailers more power. The native token is called FIL.
Should I buy FIL today?
The Filecoin token could reward its early backers with handsome profits in the future if the coin continues to rise. The token could very well reach new highs if trading volumes continue to rise in the short term.
Traders could also take advantage of the Filecoin’s price volatility to make short-term profits.
This article is for informational purposes only – none of the content should be construed as financial or investment advice.