Earn up to
12% APY
An in-depth guide on how to earn Filecoin (FIL)
We have a lot of data on earning Filecoin (FIL) and we share some of this with you.
We show you some earning options with other coins that could be of interest.
Filecoin (FIL) is currently priced at $4.2 with a 24-hour trading volume of $292.89M. The market cap of Filecoin stands at $3.14B, with 620.26M FIL in circulation. For those looking to buy or trade Filecoin, YouHodler offers avenues to do so securely and efficiently}
Lending Filecoin can be a great option for those who want to hold FIL but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.
In order to lend Filecoin, you need to have it. To obtain Filecoin, you'll need to purchase it. You can choose from these popular exchanges.
| Platform | Coin | Price |
|---|---|---|
| PrimeXBT | Filecoin (FIL) | 1.52 |
| YouHodler | Filecoin (FIL) | 1.52 |
| Binance | Filecoin (FIL) | 1.52 |
| BTSE | Filecoin (FIL) | 1.52 |
| OKX | Filecoin (FIL) | 1.52 |
| Uphold | Filecoin (FIL) | 2.66 |
Once you have FIL, you'll need to choose a Filecoin lending platform to lend your tokens. You can see some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| YouHodler | Filecoin (FIL) | Up to 12% APY |
| Bitget | Filecoin (FIL) | Up to 4.2% APY |
| Gemini | Filecoin (FIL) | Up to 0.01% APY |
Once you've chosen a platform to earning your Filecoin, transfer your Filecoin into your wallet in the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
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