In this guide you’ll get information about where to buy Filda, if you are planning to buy FILDA token – You’re in the right place!
Filda is a decentralized digital asset banking platform that is extremely safe. It’s built on IoTeX and Huobi ECO Chain (HECO) that offer a secure environment with quick transactions and minimal fees. It offers a variety of decentralized services, such as FIL, borrowing and lending, ELA pledge, and asset management, among others. The users profit from the asset pledge of ELA+HT+FIL. The decentralized market demand-supply determines the interest rate. The exchange rates are used to establish lending and borrowing limitations, pledge demands, and account values.
By pledging their assets on the site, customers receive an annualized return, while borrowers pay an amount of interest. The demand-supply of each sort of crypto-asset determines the interests. Filda provides a wide range of services and producrs, including pledge-based lending and borrowing, Wrapper, and derivative trading, empowering the DeFi scenarios of Filecoin.
Filda (FILDA) Features
- Flash loans. In DeFi, this is a type of uncollateralized borrowing. Flash Loans, introduced for advanced users, enable rapid and easy borrowing without the need for security, as long as the liquidity is transferred to the pool in the same transaction block.
- Savings to repay loans. You may have deposited various assets on FilDA.io, but some of the collateralized fund values are now working against your borrowing position. Instead of infusing fresh money, whether fiat or cryptocurrency, you will be able to repay your loan with other assets, instantaneously exchanging and adding them to your current collateral, lowering the danger of liquidation.
- Deposits Conversion. You may elect to change your portfolio allocations after purchasing an asset and placing it in the safe and high-interest Filda DeFi protocol. First of all, you have to withdraw your assets, enter an exchange, make a swap, and then return to Filda to deposit the new coin quantities.
- Third party markets. Filda is working with an increasing number of partners to give its users and holders with a variety of ways to spend its native token. Filda is developing an area where the many possibilities are presented out for your pick rather than directing you to several websites.
Where to Buy, Sell and Trade Filda aka FILDA
You can basically use debit card, credit card, or even PayPal to buy the Filda (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Filda 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 Filda. 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 Filda currency and exchange your Ethereum / Bitcoin / Tether with the Filda
- Store your Filda 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 Filda, 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 Filda:
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 FILDA/BTC or FILDA/ETH or FILDA/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you FILDA/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Filda (FILDA)
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 Filda (FILDA) 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 Filda (FILDA) 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 Filda. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Filda (FILDA) 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 Filda (FILDA) with Skrill?
You can’t buy FILDA directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Filda. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy Filda (FILDA) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair FILDA/BTC and begin the transactions.
Can I Buy Filda (FILDA) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support FILDA/ETH trading pair.
What Is the Best Payment Method to Buy Filda (FILDA)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Filda right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Filda (FILDA)?
Once you have purchased the Filda, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Filda (FILDA)?
Find a crypto exchange which allow pairing FILDA 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 Filda (FILDA) 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 Filda is to buy it from a reliable exchange.
There are several alternatives for DeFi aficionados in the Huobi ECO Chain ecosystem. Filda is positioned as a premier loan and borrowing provider for DeFi consumers, and has opted to collaborate with other HECO projects to expand FILDA token use-cases through LP staking, leveraging, and borrowing/lending/governance incentives. As FILDA evolves, it opens up new avenues for users to better manage and govern their cryptocurrency portfolio, whether for speculation, savings, long-term investment, consumption, or other purposes.