Understanding FIL
What is Filecoin?
Filecoin (FIL) is a decentralised storage solution designed to create a more efficient and secure way to store data. Launched in 2020 by Protocol Labs, Filecoin allows users to rent out excess storage space while rewarding them with FIL tokens. This peer-to-peer model aims to disrupt traditional cloud storage providers by offering lower costs and increased data security.
Filecoin’s unique proof-of-storage consensus mechanism ensures that stored data remains accessible and verifiable. It has become a popular choice for decentralised applications (DApps) needing secure, censorship-resistant storage solutions.
With increasing demand for decentralised data storage, Filecoin continues to expand its ecosystem, positioning itself as a critical infrastructure layer for Web3.
In Australia
How to buy Filecoin in Australia
- 1
Create your Wayex account
Sign up in minutes on iOS, Android or the web.
- 2
Verify your identity
Australian residents aged 18 and over verify once, in-app.
- 3
Deposit AUD with PayID or NPP
Fund your account instantly, with no deposit fee.
- 4
Buy Filecoin (FIL)
Buy FIL at live AUD market prices, then hold it or spend it with the Wayex Card.
Filecoin FAQs
- Can I buy Filecoin in Australia?
- Yes. You can buy Filecoin (FIL) in Australian dollars with the Wayex app. Wayex is an Australian, AUSTRAC-registered platform that has operated since 2018.
- How do I pay for Filecoin?
- Fund your Wayex account in AUD with PayID or NPP, both free, then buy FIL instantly. There is no surcharge on AUD deposits.
- What fees does Wayex charge to buy Filecoin?
- Wayex charges 1% on any crypto buy, sell or spend. AUD deposits and withdrawals via PayID or NPP are free, and there is no annual account fee.
- Can I spend Filecoin with the Wayex Card?
- Yes. Once you hold FIL in the Wayex app you can spend from your balance with the Wayex Crypto Visa Card anywhere Visa is accepted, online or in store.
Explore more
Other coins on Wayex.
Get started
Access a World of Crypto.You’re Closer Than You Think!
- 01
Download the app
Available on iOS and Android. Sign up in minutes with your email.
- 02
Get verified, instantly.
Fast KYC with your Australian ID. Most accounts verify in minutes.
Learn how - 03
Buy, Sell and Spend!
Trade AUD into 90+ crypto assets, and spend anywhere Visa is accepted.