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Please select a coin to swap FIL for.

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.

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FIL/AUD
$89.03

  -3.51%



Swap max ($100,000)
FIL
Change Coin
 

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.

How do I swap Filecoin?

1.
Navigate to the ‘SWAP’ page and select the 'Filecoin' coin.
2.
Select the quantity you would like to swap.
3.
Click ’Swap’ to confirm your Filecoin trade / purchase and your Filecoin will arrive in your wallet within minutes.
Don't have an account? Click here.