How to Buy Filecoin (FIL) with Sponge ($SPONGE)
To buy Filecoin using Sponge, first, find a cryptocurrency exchange that supports the FIL/$SPONGE trading pair. Create an account, verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the FIL/$SPONGE pair on the trading platform and place an order to exchange your Sponge for Filecoin. If the FIL/$SPONGE pair is unavailable, you can first exchange Sponge for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Filecoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Filecoin (FIL) for Sponge ($SPONGE)
To sell Filecoin for Sponge, first, find a cryptocurrency exchange that supports the FIL/$SPONGE trading pair. Create an account, verify your identity, and deposit your FIL into your exchange wallet. Locate the FIL/$SPONGE pair on the trading platform and place a sell order to exchange your Filecoin for Sponge. If the FIL/$SPONGE pair is unavailable, you can first sell Filecoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Sponge. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.