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Due to recent regulatory changes in Australia, CoinSpot can no longer offer their trading services to Unverified International Accounts.

Please note, you have not lost access to your CoinSpot account or your current balance, but there are restrictions in place whereby Buying, Selling and Trading activity has now been disabled.

You are still able to withdraw your holdings from your CoinSpot account. Please arrange to withdraw your balance to your own personal wallet or alternative exchange as soon as you are able to.

If you have any further questions or require assistance with your withdrawals, please contact helpme@coinspot.com.au.

You must have an account and be logged in to sell FIL

$89.51

  -1.87%

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What is Filecoin?

Filecoin (FIL) is a peer-to-peer, decentralised cloud storage network, with built-in economic incentives to ensure files are stored reliably over time.

  • The network is made up of a diverse range of storage providers and developers. This aims to create a robust and reliable service.
  • Storage miners earn FIL by utilising idle hard drive space to provide storage for users. The probability of earning the block reward and transaction fees is proportional to the amount of storage the miner provides to the network.
  • Retrieval miners earn FIL by winning bids and mining fees for a particular file. When a miner bids, their bandwidth/response time (latency or proximity to client), will play a factor to close retrieval deals on the network.

Through Filecoin's unique storage and retrieval services, it has created an open market allowing anyone to monetise spare bandwidth or hard drive capacity.

What is a Stop Loss Order?

A Stop Loss Order is a type of order where you can set the amount of bitcoin you would like to sell at a desired price BELOW the current market price.

More Information

How do I Set a Stop Loss Order for Filecoin?

1.
Select the price (Trigger) you would like to sell your Filecoin if the market rate falls.
2.
Enter the quantity you would like to sell if the market rate falls to your selected price.
3.
Click ‘Set Stop Loss’ to confirm your FIL Stop Loss and your order will be created. Manage your open orders from the Open Orders page.
Don't have an account? Click here.