Cheaply Buy Filecoin (FIL) in the UK (2021)

In 2021, the cheapest way to buy Filecoin (FIL) in the UK is on a popular cryptocurrency exchange like Binance, Kraken, or Coinbase Pro.

Alternatively, you can buy Filecoin (FIL) using a credit or debit card via the Crypto.com. This is quick and convenient, but more expensive. With this, you’ll pay a fixed fee of 2.99% whenever you buy a cryptocurrency using a card.

Find out more in this quick guide to buying Filecoin (FIL) in the UK.

Intro: Buy Filecoin (FIL) in the UK

So, where are the cheapest places to buy Filecoin (FIL) in the UK?

Check out this table for a quick overview.

ProviderPayment MethodTrading Fees
BinanceUK Bank TransferUp to 0.10%
KrakenUK Bank TransferUp to 0.26%
Coinbase ProUK Bank TransferUp to 0.50%
GeminiUK Bank Transfer2.00%
Crypto.comCredit & Debit Card2.99%

Let’s dive in.

Best Places to Buy Filecoin (FIL) in the UK

1. Popular Cryptocurrency Exchanges

You can buy Filecoin (FIL) on three of the best cryptocurrency exchanges available to UK residents.

This includes:

  • Binance: Established mid-2017, this cryptocurrency exchange supports hundreds of cryptocurrencies and now has more than 15 million users.
  • Kraken: Established in 2011, this is one of the longest-running cryptocurrency exchanges. It supports more than 50 cryptocurrencies and has at least 4 million users.
  • Coinbase Pro: A familiar name in the crypto-space, Coinbase recently reported that it had more than 43 million users. Epic numbers.

In 2021, each of these exchanges also allows you to deposit GBP into your account for FREE. This has made the process of buying cryptocurrency much simpler and cheaper than it’s ever been before.

Of these three, Binance is the cheapest.

Cryptocurrency ExchangeMaximum Trading FeesDetails
Binance0.10% (Maker & Taker)More Info
Kraken0.16% (Maker) or 0.26% (Taker)More Info
Coinbase Pro0.50% (Maker & Taker)More Info

However, Binance is the only option here that doesn’t have a GBP trading pair for Filecoin (FIL). This isn’t a big deal, but it does add a few extra steps.

What GBP trading pairs are available on Binance?

Binance currently has 11 GBP trading pairs available to UK residents:

  • BNB/GBP
  • BTC/GBP
  • ETH/GBP
  • DOT/GBP
  • GBP/BUSD
  • GBP/USDT
  • LINK/GBP
  • ADA/GBP
  • SXP/GBP
  • XRP/GBP
  • DOGE/GBP

How to buy Filecoin (FIL) on Binance in the UK

Because Binance doesn’t have a GBP trading pair for Filecoin (FIL), you’ll need to buy one the cryptocurrencies that can be exchanged for Filecoin (FIL).

Here are your choices:

  • Binance Coin (BNB)
  • Bitcoin (BTC)
  • Binance USD (BUSD)
  • Tether (USDT)

Of these options, Tether (USDT) has the Filecoin (FIL) trading pair with the highest trading volume. This will reduce the chance that there’s slippage if you place a big order.

Let’s digest this…

Here’s what the process would look like:

  • If you haven’t already, create a Binance account.
  • Complete verification to unlock fiat funding options.
  • Deposit GBP into your Binance GBP wallet with a UK bank transfer.
  • Buy Tether (USDT) using your GBP funds on the GBP/USDT market.
  • Exchange the Tether (USDT) you’ve just bought for Filecoin (FIL) on the FIL/USDT market.
  • Done! Stand in awe of your beautiful Filecoin (FIL) balance.

None of these places have many Filecoin (FIL) trading pairs, but Binance supports more cryptocurrencies than Kraken and Coinbase Pro combined.

Cryptocurrency ExchangeFilecoin (FIL) Trading PairsSupported Cryptocurrencies
Binance4250+
Kraken450+
Coinbase Pro440+

Head over to their websites to learn more:

2. Crypto.com

With the Crypto.com app, you’re able to buy, sell and store more than 90 cryptocurrencies – including Filecoin (FIL).

Unfortunately, UK residents can’t currently deposit GBP into Crypto.com with a UK bank transfer. This means you can only use a credit or debit card to buy Filecoin (FIL) using this mobile app.

But on the plus side, it’s the cheapest place where you can buy Filecoin (FIL) with a credit or debit card in the UK. You’ll get quoted the real exchange rate and charged 2.99% in fees.

And it gets better…

These fees will be waived for the first 30 days after you create an account using the Crypto.com app.

Given how much simpler and easier the Crypto.com app is to use, it seems like a no-brainer!

Check out my Crypto.com review to learn more (or just explore the Crypto.com app yourself).

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