Filecoin is a decentralized protocol that provides storage solutions on a global scale. Any user is able to join the network – and the network of data is secured by the network. Filecoin ensures data is chopped up before being sent out, similar to a shredder, and can only be rearranged by Filecoin. Anyone is able to join the network, and earn FIL tokens for storing data.
You can buy Filecoin in Australia by signing up for a free trading account with Swyftx Cryptocurrency Exchange. Creating an account is free and only takes a few minutes. After creating your account, you will need to take a photo of a Government issued-ID and upload it to the platform in order to verify your identity so that you can deposit AUD into your account (as per Australian Government regulations). Once verified, you can deposit AUD into your account using a variety of payment methods including OSKO, PayID, POLi, bank transfer and debit card deposits.
Swyftx has a demo mode that allows you to test our platform for free before depositing money and buying Filecoin. This demo mode gives you $20,000 of artificial currency which can then be used to buy, sell and trade all of the cryptocurrencies listed on Swyftx. Demo mode lets you practise trading, gives you an insight into the investment potentials of coins and presents a risk-free entry opportunity for people to get into crypto for the first time. Then, when you’re ready to start trading with real currency, simply switch off demo mode, deposit AUD into your account and buy Filecoin.
The best place to buy Filecoin is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Filecoin (FIL). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of FIL is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Filecoin with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy FIL instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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