How to buy FileCoin with NGN in Nigeria

If you want to buy FileCoin but don`t know how to start, you`ve come to the right place.

Here you will find our easy-to-follow step-by-step guide on how to buy FileCoin in Nigeria with NGN.

FIL / NGN exchange rate for today

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Table of Contents

The Benefits of FileCoin

  • Filecoin is used as a decentralized peer-to-peer storage network that makes it secure and more efficient to store, access, and transfer data.
  • Users of Filecoin pay to store their files on the platform in the same manner as any other cloud storage provider, but in addition to storing users’ files, the platform allows users to store other data for a fee.
  • Filecoin enables users to have stateful programs that work with market operations, proof verification, and more. These perform user-defined operations where certain conditions must be met associated with market operations, proof verification, and spending tokens.

FileCoin price chart (FIL / NGN)

Step 1: Register with a cryptocurrency exchange

To participate in the world of crypto-trading, you first need to sign up with a cryptocurrency exchange. These platforms are where you can buy, sell, and hold cryptocurrency.

There are plenty of cryptocurrency scams out there, so be sure to buy and sell on a reputable exchange.

Binance is one of the best places to buy FileCoin, especially if you live in the Nigeria. Registration is quick and simple, and the FIL is very easy to buy with NGN.

Why is Binance the best?

  • Low transactions fees of 0.1% and below
  • 25% on trading fees paid with the BNB token
  • Binance is available all over the world
  • Supports a wide selection of over 500+ crypto assets
  • Over 50+ fiat currencies supported
  • Binance staking allows users to earn rewards on their crypto holdings
  • More trading options, including spot trading, margin trading, P2P, and futures trading
  • NFT marketplace to buy and sell NFTs
  • Different trading interfaces to accommodate every users’ trading experience
  • The Binance mobile app enables users to access their accounts and trade on the go
  • Binance Visa Card to spend your crypto hassle-free
  • The Binance Trust Wallet supports 53 blockchains and 1M+ assets.

Unfortunately, Binance is not available in the United States, and Americans can only trade on Binance.US, a Binance version that’s compatible with U.S. regulation.

How to Register on Binance

Firstly, click on the button below to register with Binance, it’s free and easy

Sign up on Binance

To get started, just enter your email address, create a password for your account and click [Create Account].

Your password should be a combination of numbers and letters. It should contain at least 8 characters, 1 upper case letter and 1 number for security.

For security verification, drag the puzzle piece to the right until it fits into its slot.

A 6-digit code will be sent to you via email. Enter it in the next screen.

Finally, you will reach the Welcome to Binance screen. This screen will outline some of the core features.

Step 2: Verify Your Account

Verification is a process used by exchanges to establish the identity of customers. It is necessary for any kind of financial transaction, especially those with higher levels of security or legitimacy. Any user who wants to trade crypto on exchanges must go through verification.

For new users, you may click [Get verified] on the homepage directly.

Click [Start Now] to verify your account.

Select your country (In your case Nigeria) of residence. You will then see the list of verification requirements for your country. Click [Continue].

Enter your personal information and click [Continue].

Next, you will need to upload pictures of your ID documents. Most users can choose to verify with a passport, ID card, or driver’s license.

After uploading the document photos, the system will ask for a selfie. Click [Upload File] to upload an existing photo from your computer.

After that, the system will ask you to complete face verification. Click [Continue] to finish face verification on your computer.

After you complete the process, please wait for Binance to review your data promptly. Once your application has been verified, Binance will send you an email notification.

Cryptocurrencies and blockchain continue to be favored targets for criminal activity. The ability to make anonymous transactions can allow criminals to engage in financial transactions with more impunity. KYC protocols and identity verification is an essential element for policing the market and protecting crypto investors from theft.

Step 3: Fund Your Account and buy FileCoin

To invest in FileCoin, you’ll need to deposit some money into your account.

Log in to your account, head over to the “Buy Crypto” section on the Binance toolbar, and choose the “Credit/Debit Card” option.

Select FileCoin and enter your order amount. The total price with fees will be calculated in the second bar.

After that, you will be prompted to enter your card details and after confirmation, you will finally buy your first FileCoin. Usually, it will take between 10 and 30 minutes for the crypto to appear in your Binance account.

How to Save 40% on Fees When Buying FileCoin

One way you can lower your trading fee is by keeping some Binance Coin in your account at all times so your fees can be taken from that. Doing this gets you 25% off all trading fees.

Also, don`t forget to use our unique registration link and get a 15% discount on fees on Binance.

In total, you get a 40% discount on all transaction fees!

Alternative ways to buy FileCoin

If you were unable to buy FileCoin on the exchange using NGN, you can buy it using another cryptocurrency, such as Bitcoin. You can always buy BTC for the first time using platforms such as LocalBitcoins, then transfer your BTC to a Binance to buy FileCoin. In this case, you can further reduce costs.

Below are a few of the sellers in the Nigeria who sell bitcoins with NGN.

SellerPayment method Information
KenanWeitzNATIONAL_BANK
DavidScott1808NATIONAL_BANK[*] PLEASE no third party payment. [*] Always use SERVICE for Payment Description,✔️ Please don't add BTC, BITCOIN or LOCALBITCON to payment description❌ [*] Make sure you are able to complete payment within 30 minutes of opening the trade [*] Payment only via Bank transfer [*] Notify anytime you want to send Payment with USSD CODE from 10000 above [*] You might be ask to upload ID if payment seems suspicious [*] NO third party transfer. You have to be the bank account owner. This will be checked. [*] Bank details will be sent once the trade has been opened. [*] Bank account is checked every 60 seconds and bitcoin release will happen once your payment is in our account. [*] Please remember that confirmation of payment going out of your account does not necessarily means it has been received in the recipients account. Please be patient bitcoin will only be released once your payment is available in our account. By opening a trade, you are agreeing to all of the above. Call or Watzapp on +2348171591894 if am late o respond to trade initiation
KingshegzyNATIONAL_BANKTHIS TRADE IS ONLY FOR BUYERS!!!!!!!!!!!! ALL BANKS. ONLINE OR BANK APP TRANSFER ONLY. VERIFIED NAME SHOULD BE THE SAME WITH.....THE PAYMENT NAME. PLEASE UPLOAD PAYMENT SLIP AFTER PAYMENT IS SENT. NO E-WALLET OR ONLINE WALLET PAYMENT, ONLY BANK TRANSFER NO USSD PAYMENT. NO POS PAYMENT. NO PAGA. NO QUICK TELLER. NO ATM PAYMENT. ONLINE TRANSFER ONLY. STRICTLY NO THIRD PARTY. STRICTLY NO COMPANY ACCOUNT. PLEASE UPLOAD PAYMENT SLIP. Don't Write Any Reference, Payment Narration, Reason Of Payment, And Payment Remarks. THANKS.
zionwolSPECIFIC_BANKNO THIRD PARTY PAYMENT!! (WARNING).. *YOUR NAMES MUST BE EXACTLY THE SAME ON BOTH YOUR BANK ACCOUNT AND LOCAL BITCOINS ACCOUNT(VERIFIED) FORGET IT, IF YOU PAY FROM AN ACCOUNT THAT IS NOT YOUR PERSONAL ACCOUNT OR THE NAMES ARE NOT THE SAME WITH YOUR LOCAL BITCOINS REAL NAMES, I WILL NOT RELEASE BITCOINS. (NO BUSINESS ACCT PLS) FRAUDSTER MUST NOT TRY OUT ANY LUCK WITH ME. HONEST TRADERS ARE ALWAYS WELCOME! THANKS
Ugo1986NATIONAL_BANKOnly initiate trade when ready to make payment No third party payment Do not include local bitcoin or LB in ur description when making payment Am always online WhatsApp me if I don't respond within 5 minutes 08102674839 Only registered Name and bank account is accepted here

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Joseph Smith

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