In this guide you’ll get information about where to buy DeFIL, if you are planning to buy DFL token – You’re in the right place!
Filecoin has had nearly three thousand active miner nodes all over the world with nearly 2 billion USD of total market capitalization, with 6.5 billion ISD of circulation market value. It is undeniable that Filecoin is gradually building global consensus through Web3.0 infrastructure, accumulating multi-billion investment overtime. However, there are still many challenges faced by miners. Some of the main problems include unnecessary price risks and pricing competition that reduces profits significantly.
To deal with the problems above, DeFIL offers the solutions. It aims to provide investors with better mining returns, more simplified investment strategies, enhanced rewards for long-term coin holders, and standardized computing power products. These solutions are available in the upgraded version of the DeFIL platform. Deployed on the Ethereum network since 2020, DeFIL has been the leading platform on Filecoin. It has also gained trust from market participants. DFL as the native token of DeFIL is now listed in some top exchanges.
Table of Contents
DeFIL (DFL) Features
- Computing Power NFT. As a decentralized platform, different miners can join the DeFIL platform which is indivisible, irreplaceable, and unique. Here, they can transform their mining nodes into NFTs which consist of detailed information of the particular mining node. The specific information may include the NFT protocol and characteristics. In terms of characteristics, the information available about the NFT is its quantity, miner nodes, and time to mint.
- DeFi Lending Protocol. The protocol supports FILST (the ERC-20 token issued by smart contract) and mFIL as the collateral assets. FILST is used to borrow FIL and to receive mining output for paying back interest and loan.
- DeFIL DAO. DAO is a decentralized organization that functions as a coded system based on a set of smart contracts. As an integrated part of DeFIL ecosystem, DFL as the governance token of DeFIL DAO is used to initiate proposals and vote.
- DAO Grant. When miners are minting FILST, they contribute a DFL pool. The contribution is called DAO grant. The grant is useful for helping DeFIL related projects and for funding charity events approved by DAO.
Where to Buy, Sell and Trade DeFIL aka DFL
You can basically use debit card, credit card, or even PayPal to buy the DeFIL (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the DeFIL as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to DeFIL. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports DeFIL currency and exchange your Ethereum / Bitcoin / Tether with the DeFIL
- Store your DeFIL to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
Get $10 Bonus when you sign up for Coinbase!
- You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
- Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
- You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.
That’s the first step in buying DeFIL, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with DeFIL:
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the DFL/BTC or DFL/ETH or DFL/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you DFL/USDT – so you need to convert your BTC or ETH to USDT first in order to buy DeFIL (DFL)
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your DeFIL (DFL) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy DeFIL (DFL) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the DeFIL. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy DeFIL (DFL) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy DeFIL (DFL) with Skrill?
You can’t buy DFL directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to DeFIL. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy DeFIL (DFL) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair DFL/BTC and begin the transactions.
Can I Buy DeFIL (DFL) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support DFL/ETH trading pair.
What Is the Best Payment Method to Buy DeFIL (DFL)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the DeFIL right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect DeFIL (DFL)?
Once you have purchased the DeFIL, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell DeFIL (DFL)?
Find a crypto exchange which allow pairing DFL with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine DeFIL (DFL) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a DeFIL is to buy it from a reliable exchange.
Providing more simplified investment methods and better mining return along with enhanced rewards for investors, DeFIL has become the leading platform on Filecoin. It has attracted many users to join its ecosystem. Moreover, DeFIL is also integrated to DAO. DAO on DeFIL can directly manage assets in addition to having voting rights. This will dramatically enhance the value of DFL token. Now, DFL has been listed in some popular exchanges so more people will notice its presence.