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How to Buy Filecoin
Good news! You can buy Filecoin on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Filecoin.
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About Filecoin
Filecoin (FIL) is a cryptocurrency that powers the Filecoin network, a decentralized peer-to-peer file storage network that aims to let anyone store, retrieve, and host digital information. FIL tokens are used as payment for these services and as an economic incentive to ensure files are stored reliably over time.
Buy FilecoinHappening now
AI generated 10h ago
Following a new enterprise partnership and a massive surge in social media attention, traders are watching to see if Filecoin can reverse its trend of underperforming its competitors.
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9/19/2025, 11:51:07 PM
Trading Insights
Buyer Ratio
57%0%
Traders
432
-18.64%
Buyers
248
-13.29%
Sellers
195
-23.83%
Searched
523
Market Stats
Market Cap
CA$2.31B
FDV
CA$6.57B
Circ. Supply
690M FIL
Max Supply
Not enough data
Total Supply
2B FIL
Performance
Popularity
#61
Dominance
0.04%
Volume (24H)
CA$242.99M
1.17%
Volume (7D)
CA$1.69B
Volume (30D)
CA$7.37B
All time high
CA$327.59
Price Change (1Y)
-33.8%
Additional details
Market details
FIL vs markets
↘ 65.38%
FIL vs BTC
↘ 63.95%
FIL vs ETH
↘ 63.47%
Tags
mineable
ai-big-data
distributed-computing
filesharing
+8
Network & Addresses
Network | Address | |
|---|---|---|
Filecoin | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$3.37 | ↘ 5.10% |
1 Day | CA$3.55 | ↘ 5.10% |
1 Week | CA$3.55 | ↘ 4.76% |
1 Month | CA$3.27 | ↗ 3.43% |
1 Year | CA$5.00 | ↘ 33.80% |
Coinbase insights
Happening now
AI generated 10h ago
Following a new enterprise partnership and a massive surge in social media attention, traders are watching to see if Filecoin can reverse its trend of underperforming its competitors.
Price struggles against competitors
Over the past year, FIL's price has fallen by
↘32%
, a stark contrast to the average
↗104%
growth seen across its category. The asset's price decreased by
↘1%
over the last 24 hours.
New partnership aims for business adoption
Filecoin is collaborating to introduce a storage layer with Akave
designed to help businesses migrate to decentralized systems.
Social media activity sees a major spike
FIL registered an explosive
↗3638%
surge in social media activity over the past week, with community sentiment remaining positive. This recent spike contrasts with a
↘59%
decline in activity over the last 30 days.
Recent trends
The latest FIL price is CA$3.37. Compared to Filecoin's value of CA$3.55 from 24 hours ago, there's been a -5% decrease, while the current price is -5% down from CA$3.55 which was recorded one week ago. Filecoin's all time high is CA$327.59, which was reached on April 1, 2021. This is a -99% change from its price today.
The market cap is currently CA$2.31B, which is a result of multiplying the current price of Filecoin(CA$3.37) by the total supply(1,959,077,208 FIL). The fully diluted valuation of Filecoin is CA$6.57B. The diluted valuation of Filecoin is CA$6.57B.
Filecoin had 248 buyers, 195 sellers and total 432 trades in the last 24h. Filecoin was searched 523 times in the last 24h.
FAQ
Filecoin (FIL) is a decentralized storage system that aims to store a variety of information. It is an open protocol supported by a blockchain that records commitments made by the network's participants, with transactions made using FIL, the blockchain's native currency. Filecoin is open-source and aims to be decentralized, with governance in the hands of the community. The platform provides an opportunity for developers to create cloud file storage services. FIL, Filecoin's native currency, powers the entire network and all processes. Clients exchange transactions in FIL tokens, and miners place FIL as collateral, guaranteeing their services. Filecoin seeks to address the challenge of inefficient file storage and retrieval by providing an efficient set of tools and its core development, IPFS.
Filecoin operates through a system involving three parties: clients, storage miners, and retrieval miners. Clients exchange for storing or retrieving data, placing an order on the online storage market where a deal is concluded with storage miners. Storage miners store the client’s data and are compensated. They place files in free sectors of a hard drive, all actions are recorded in the blockchain, and clients receive private keys. Retrieval miners extract data at a client's request. Clients place a trade on the off-chain Retrieval Market. Filecoin is based on IPFS where all data is stored on a peer-to-peer blockchain. Users choose miners to store personal data and exchange for placement in FIL tokens. Miners execute trades, receive participation fees and FIL compensation. The more storage miners offer, the higher the chances of getting compensated.
Filecoin can be used in a variety of ways. It can serve as a decentralized storage network for personal files, app data, company files, public datasets, private data, websites, videos, and dapp websites. It can also be used for data exchange, allowing users to sell data on the network, facilitating data exchanges and markets. Filecoin can also be used for storing data for distributed ledgers and applications, supply chains, and more. It can also serve as a system where Filecoin tokens can be exchanged for goods and services and transferred between users. Furthermore, it can be used for time-stamping, providing a service for storing large amounts of data for long periods of time.
Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. The project accumulated $205 million in an initial coin offering (ICO) in 2017. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network.
We update our Filecoin to CAD currency in real-time. Get the live price of Filecoin on Coinbase.
The current market cap of Filecoin is CA$2.31B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Filecoin is CA$327.59. This all-time high is highest price paid for Filecoin since it was launched.
Over the last 24 hours, the trading volume of Filecoin is CA$242.99M.
Assets that have a similar market cap to Filecoin include Flare, Sky, Bonk, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Filecoin is 690 million.
Filecoin ranks 56 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 96% of Coinbase users are buying Filecoin. In other words, 96% of Coinbase customers have increased their net position in Filecoin over the past 24 hours through trading.
Yes, Filecoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Filecoin guide.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Filecoin news
Trending articles
Social stats
Popularity in posts
#275
Contributors
831
Posts
1,940
% About Filecoin
0.088%
Articles
6
Hold times
0 days
X (Twitter)
85.31% bullish
Sentiment
4.0 ★
Highlights
831 unique individuals are talking about Filecoin and it is ranked #275 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Filecoin has an average sentiment score of 79 out of 5. Finally, Filecoin is becoming less newsworthy, with 6 news articles published about Filecoin.
On Twitter, people are mostly bullish about Filecoin. There were 86.2% of tweets with bullish sentiment compared to 1.05% of tweets with a bearish sentiment about Filecoin. 13.8% of tweets were neutral about Filecoin. These sentiments are based on 1740 tweets.
On Reddit, Filecoin was mentioned in 54 Reddit posts and there were 180 comments about Filecoin. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.