Convert FIL to TRY
1 FIL = ₺43.28 Turkish Lira 1 TRY Turkish Lira = 0.02310797 FIL
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FIL/TRY Quote
The current value of 1 Filecoin is ₺43.28TRY. In other words, to buy 5 FIL, you would spend ₺216.38TRY. Conversely, TRY₺1.000000 can be exchanged for 0.023108 FIL, and TRY₺50.00 will convert to 1.16 FIL, excluding platform fees or miner fees.
About Filecoin
What is Filecoin (FIL)?
Filecoin is a decentralised storage network that enables users to rent out their unused storage space. Similarly, anyone can purchase storage on the network. Rather than trusting one company with important data, it can be split up and stored on different computers around the world.
Filecoin was first introduced in 2014 when Juan Benet published the white paper: Filecoin: A Cryptocurrency-Operated File Storage Network. This proposal is a blockchain network similar to Bitcoin, but where nodes in the network can store data, which is guaranteed by a proof-of-retrievability component. Filecoin is developed by Protocol Labs.
Filecoin is sometimes referred to as an incentive layer on top of IPFS. This means that users are incentivised to rent out their storage space by being paid in FIL tokens. So, can you use Filecoin to send Christmas photos to Mars or Venus? Not yet. IPFS is a peer-to-peer data storage and retrieval protocol built using a decentralised approach. Unlike HTTP or HTTPS, it doesn’t rely on centralised servers to store data.
How Filecoin (FIL) Works?
Filecoin’s infrastructure is a distributed, peer-to-peer network that provides a new way for organisations and individuals to store data worldwide. People with free storage can become storage miners, who are essentially responsible for storing data on the Filecoin network. Clients pay FIL tokens to both store and retrieve data.
Retrieval miners are another class of participants. As you might expect, they facilitate the process of retrieving data between clients and storage miners, and they also receive a small amount of FIL for their services. Filecoin uses end-to-end encryption, meaning storage providers don’t have access to the decryption keys. Since it’s a distributed system, files are kept safe across multiple storage locations.
So, what makes Filecoin potentially better than its centralised competitors? It offers businesses and consumers a peer-to-peer cloud storage solution. Since the same storage is offered by different sellers, potentially at different prices, consumers may benefit in the end. While you may sometimes not have enough storage for all your data, you may also sometimes have excess storage that you can sell. That’s the promise of Filecoin.
Why Filecoin (FIL) is important?
Over the past few decades, the way that we store and access data has changed. In business, this has changed from on-site storage, where companies have huge server rooms, to remote data storage warehouses and more diversified cloud storage across the entire world. Currently, most businesses use a combination of all of these. Similarly, consumer data storage has also changed with an increased reliance on cloud storage.
This brings up cloud storage market superpowers such as AWS, HPE, and Dell. Business customers usually pick one provider and stay with it for years, which hinders competition. Filecoin allows customers who want to purchase storage to navigate the best deals on the fly, no matter who the storage provider is. This can likely create a more competitive cloud storage market.
How to buy Filecoin?
The easiest way to buy Filecoin is through a crypto exchange like BTCC. BTCC makes purchasing Filecoin easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first Filecoin purchase, register with BTCC today!
Exchange Table
FIL to TRY values from Today at
TRY to FIL values from Today at
Filecoin FAQs
How to trade FIL/TRY futures on BTCC Exchange?
Trading FIL/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or FIL into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the FIL/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you think the price will rise, place a buy order.
To Sell (Go Short): If you think the price will fall, open a short position (available in derivatives trading, such as futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Centre
Can I trade FIL with TRY?
Yes, absolutely. BTCC supports multiple methods to gain exposure to Filecoin(FIL) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Filecoin directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the FIL/TRY spot trading pair using market or limit orders, taking direct ownership of the FIL.
Trade FIL/TRY Futures: For more advanced strategies, you can trade FIL/TRY perpetual or dated futures contracts. This allows you to speculate on Filecoin's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
How to convert FIL to TRY?
To perform your FIL to TRY conversion on BTCC:
Sign in to your account, or create a new BTCC account if needed.
Go to the trading interface and select the FIL/TRY trading pair.
Input the specific amount of Filecoin you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
What is the correct way to use FILTRY converter tool?
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the 'Crypto Converter' section on our website or in the app.
Enter the amount of the FIL you want to convert in the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
What is FIL/TRY exchange rate?
The FIL/TRY exchange rate is the current market price at which 1 Filecoin(FIL) can be exchanged for TRY. Put simply, it tells you how many TRY one Filecoin is worth at any given moment.
How much is 1 Filecoin in TRY?
Currently, one Filecoin is ₺43.28. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 Filecoin (FIL) in TRY is constantly changing. To get the live price, please check the market data section at the top of our platform or visit our FIL to TRY converter.
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