Sell Filecoin

Filecoin’s price is set by supply and demand. The more buyers are willing to pay for it, the more expensive it will be. With that said, the biggest predictor of the health of Filecoin is the broader trends in the crypto market. If crypto is on the rise, then Filecoin is likely to be as well.

Filecoin is traded on so-called crypto exchanges. You can use Cryptoradar to find an exchange that supports trading with Filecoin.

A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

If you’re looking to sell Filecoin, you should look to do so when the value is at its highest. Beyond that, it’s difficult to give concrete, dependable advice — after all, if the market were that predictable, then everyone would be making a fortune from it. The fact is that crypto is inherently volatile — Filecoin is no exception — and that any sale decision carries with it the risk of missing out on an even more lucrative sale.

Don't miss out on a good selling point and set a yourself price alert.

There are extra costs associated with selling your crypto via an exchange. Make sure you’ve accounted for the entire cost of the transaction, including not just the exchange’s cut, but your tax obligations, too.

If you invest in Filecoin and then later sell it for a profit then, in most countries, you’ll be required to pay capital gains tax. This is because the currency is not considered a currency at all but a kind of digital commodity, a little like gold or oil. Make sure you’re on top of the legal situation where you live before you make your selling decision. Crypto tax software can help you calculate and file your taxes.

The way you get paid will depend on the exchange you’re using. You can compare the available options using Cryptoradar’s filtering search mechanism.