Convert FIL to TRY
1 FIL = ₺42.13 Turkish Lira 1 TRY Turkish Lira = 0.02373366 FIL
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FIL/TRY Quote
The current value of 1 Filecoin is ₺42.13TRY. In other words, to buy 5 FIL, you would spend ₺210.67TRY. Conversely, TRY₺1.000000 can be exchanged for 0.023734 FIL, and TRY₺50.00 will convert to 1.19 FIL, excluding platform fees or miner fees.
About Filecoin
What is Filecoin?
Filecoin is an open-source software that was created by Protocol Labs, the same firm that created technologies like IPFS and Libp2p aimed at replacing existing internet protocols.
For example, IPFS is a system that could replace the Web’s hypertext protocol, which specifies that web addresses must begin with the prefix http://.
Protocol Labs was founded by Juan Benet, who co-founded a game developer called Loki Studios while studying computer science at Stanford. The company was acquired by Yahoo in 2013. Benet then participated in the Y Combinator startup accelerator to start Protocol Labs.
Protocol Labs has received funding from notable investors like Digital Currency Group, Stanford University’s startup accelerator StartX, Coinbase co-founder Fred Erhsam and AngelList founder Naval Ravikant.
Filecoin’s initial coin offering, which ran from August to September 2017, further raised $257 million from a cast of noted venture capital firms like Sequoia Capital, Andreessen Horowitz and Union Square Ventures. The Filecoin offering was the largest of its kind at the time.
How does Filecoin work?
It is similar to Dropbox, but powered by blockchain technology. Users who want to store data on the Filecoin network must pay a miner to do so.
The price is determined by an open market, where miners compete with one another to offer the cheapest storage prices. Filecoin claims that this market will be ‘hypercompetitive’ and therefore cheaper than centralised data storage, such as Amazon Web Services.
In turn, miners have an incentive to provide storage because they stand to receive rewards from the network in the form of Filecoin tokens. The more storage they offer, the greater their chances of receiving a reward.
However, these rewards do not come without cost. Miners must perform several computationally intensive processes (called proofs) to demonstrate to the network that they are reliably storing the claimed data over a period of time.
If they can demonstrate this reliability and provide sufficient storage, they can create new blocks on the Filecoin blockchain and receive both the network reward and transaction fees.
Filecoin Mining
In general, Filecoin miners are users who provide storage. This means that any user can connect a hard disk, run the Filecoin software and begin offering disk space in the Storage Market. These miners are known as storage miners.
However, there is another category of Filecoin miner: Retrieval Miners and Services.
Retrieval miners and services are paid by users to retrieve data and perform services that speed up transmission, such as caching or participating in a content delivery network as a node.
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 the BTCC platform?
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 best 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 ₺42.13. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 Filecoin (FIL) in TRY is constantly changing. To see 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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