Kraken
With a market cap of $972,491,480.00 USD, Filecoin ranks as the 103rd largest cryptocurrency by market capitalization in the world. It operates on the Filecoin blockchain network. It is currently trading at a price of $1.34 USD per coin, and trades using the cryptocurrency code FIL.
Filecoin is a highly volatile asset capable of major price swings in a single day. So before you buy Filecoin, make sure you understand these unique risks as well as its legal and tax status in Canada.
If you want to buy Filecoin in Canada or track its performance, keep reading to see the latest FIL price, market cap, and trading volume, along with a step-by-step guide for how to invest in FIL crypto in Canada.
| Current price | $1.34 |
|---|---|
| All-time high | $236.84 |
| All-time low | $0.85 |
| 1-year price change | ▼ -79.32% |
| Market cap | $972.49M |
| Market cap rank | #103 |
| Total volume (24h) | $99.39M |
| Circulating supply | 726,092,580 |
| Network | Filecoin |
| Where to buy FIL | Buy on Kraken |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process of buying FIL can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these 5 steps to learn how to buy Filecoin in Canada:
The easiest way to buy Filecoin is from a cryptocurrency exchange. Choose an exchange that offers low fees, ease of use or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada or compare options below.
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
You can now exchange your funds for Filecoin. On beginner-friendly exchanges, this is as simple as searching for the coin name (Filecoin) or for its crypto code (FIL), entering the CAD or FIL amount you want to purchase and clicking "Buy".
Consider transferring your FIL to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
We've curated a list of legitimate crypto exchanges below where you can buy Filecoin in Canada to help you compare deposit methods, supported fiat currencies and fees.
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
The Filecoin (FIL) coin price is $1.34 USD, which is +0.28% higher than the previous day's trading price of $1.34 USD. Over the past 30 days, FIL's price has changed by -34.79%, from $2.06 USD to the current price of $1.34 USD. Compared to this time last year, Filecoin's coin price has seen a decrease of -79.32%.
Filecoin reached its all-time high price of $236.84 USD on April 1, 2021. After that, it dropped by -99.64% to its all-time low price of $0.85 USD on October 10, 2025. It has since climbed back up to its current price of $1.34 USD.
Yes, you can buy Filecoin in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Filecoin—like the ones in our curated list above—and place a buy order. For example, Kraken supports Filecoin and is a registered crypto exchange in Canada.
Because Filecoin is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
Filecoin aims to decentralise web storage, providing an alternative to cloud computing services like Amazon Web Services as well as content delivery networks like Cloudflare. Filecoin allows almost anyone to provide storage in return for cryptocurrency. This means the Filecoin network is made up of a wide range of storage providers, from dedicated companies with fully fledged data centres to home users offering up the spare space on their home PC.
Filecoin is essentially a network of miners who provide storage and retrieval services, and clients, who utilise the storage available. It runs on the InterPlanetary File System (IPFS) protocol which connects users in a peer-to-peer manner. For instance, a server farm might take advantage of the Filecoin network to make money off its unused storage space, while a video streaming platform might pay to store its content there. Payment is settled in FIL, the native token of the Filecoin platform.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy Filecoin with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload some government-issued photo ID, and in some cases a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Filecoin with a credit card, you should be aware of the additional cost and risks.
For instance, credit card fees are usually higher than bank transfers or e‑transfers. Some card issuers may even block cryptocurrency transactions or treat them as (more expensive) cash advances. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy Filecoin, you could end up paying this:
And if it took you three months to pay off your Filecoin purchase at the typical credit card interest rate of 19.99% APR, you would pay an additional $0.34 USD in interest on top of what you originally paid to buy Filecoin.
This example can help you compare the relative cost of buying Filecoin with a credit card versus other lower‑fee methods such as Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Filecoin, or visit our guide on buying crypto with a credit card for more details.
Yes, it is possible to buy Filecoin with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy Filecoin with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform, and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Before deciding whether or not to buy FIL, there are a few things worth considering:
The remaining tokens are already allocated, either sold to investors in the 2017 ICO or reserved in order to fund future development.
Storj and Sia are both direct competitors to Filecoin. On top of this, Filecoin has to contend with major centralised businesses that currently dominate the cloud storage space - companies such as Google, Apple and Amazon all operate cloud storage platforms.
There are two main options for storing Filecoin once you've bought it—keeping it on an exchange, or storing it in your own personal wallet. Take a look at our full guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your Filecoin on an exchange, that opens you up to risk in the event the exchange is hacked or compromised in another way.
It's generally much safer to store your any crypto you own on a software or hardware wallet, which gives you full control and custody of your coins.
Like all crypto, Filecoin is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to how other investments, like stocks and ETFs, are.
Money you get from selling Filecoin can be treated as income or as a capital gain. That said, the CRA will tax crypto profits differently if you're a casual Filecoin buyer as opposed to whether your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our full guide to crypto tax in Canada.
Keep in mind that buying Filecoin can be risky. But if you decide to invest in Filecoin, look for a regulated crypto exchange in Canada that supports FIL and make sure to store your crypto securely.
Once you've bought Filecoin, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Filecoin's price over time to help decide whether to keep it on an exchange, sell it or move it to your wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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