How to Purchase Filecoin (FIL) using Bitcoin (BTC)

To buy Filecoin using Bitcoin, first, find a cryptocurrency exchange that supports the FIL/BTC trading pair, such as YouHodler, Binance, BTSE or Coinbase. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the FIL/BTC pair on the trading platform and place an order to exchange your Bitcoin for Filecoin. If the FIL/BTC pair is unavailable, you can first exchange Bitcoin 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. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.