FIL (Filecoin)

IPFS, which Filecoin represents, is a point-to-point, versioned, and content-addressed hypermedia transmission protocol.

The target is the traditional Internet protocol HTTP, and what it wants to build is a distributed web 3.0.

How to buy FIL (Filecoin) on Huobi?

Follow the easy 4 steps below to buy FIL (Filecoin) on Huobi.

  1. Register a Huobi Global account
    Provide an email address, create a username, and choose a secure password.
  2. Verify your account
    After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation.
  3. Deposit in fiat currency or cryptocurrency
    To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies.
  4. Start buying Bitcoin on Huobi
    Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and FIL (Filecoin) derivatives trading.

Huobi Official Website

What is FIL (Filecoin)?

Filecoin is a peer-to-peer network for storing files with built-in economic incentives to ensure reliable storage of files over time.

In Filecoin, users pay to store their files on storage miners.

A storage miner is a computer that is responsible for storing files and proving that they have stored them correctly over time.

Anyone who wants to store their files or wants to get paid for storing other users’ files can join Filecoin.

Available storage and the price of that storage are not controlled by any one company.

Instead, Filecoin facilitates an open market for storing and retrieving files that anyone can participate in.

Filecoin includes blockchain and native cryptocurrency (FIL). Storage miners earn FIL units by storing files.

Filecoin’s blockchain records transactions to send and receive FIL, as well as proofs from storage miners that they stored the file correctly.

Open Huobi’s Crypto Account