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Convert
Egyptian pound (EGP) to Filecoin (FIL) Instantly

EGP EGP
FIL FIL
Buy Filecoin (FIL)

Purchase Filecoin (FIL) with Egyptian pound (EGP) easily at Switchere and benefit from fast, secure transactions.

About
Filecoin (FIL)

Filecoin (FIL) is a decentralized storage network designed to create a robust and efficient global marketplace for data storage. Built upon the InterPlanetary File System (IPFS), Filecoin transforms cloud storage into an algorithmic market, acting as a crucial piece of Web3 infrastructure. Unlike traditional centralized providers, this peer-to-peer network leverages blockchain technology to create a distributed system where anyone can participate as a storage provider. The core mission is to establish a permanent, decentralized, and verifiable digital ledger for humanity's data, ensuring content addressing and data integrity through powerful cryptographic security.

The network's security and reliability are underpinned by novel consensus mechanisms: Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoST). PoRep cryptographically proves that a storage provider has created a unique, verifiable copy of a client's data. Subsequently, PoST is used to verify that this data is continuously being stored for an agreed-upon duration. This system of verifiable storage ensures providers are honest and incentivized. Storage miners compete to provide capacity, earning FIL tokens as block rewards and fees for their contributions, creating a dynamic, incentive-driven digital asset economy.

The FIL token is the native utility token that fuels the Filecoin economy. Clients use FIL to pay storage providers for storing or distributing data, and they also pay retrieval miners for extracting it. Storage providers must also pledge FIL as collateral to participate, guaranteeing service reliability and penalizing misbehavior. This tokenomic model creates a self-healing and permissionless market. As a foundational layer for dApps requiring persistent storage, from NFT metadata to large-scale datasets, Filecoin is a key player in building a truly decentralized internet.

Filecoin (FIL)

How to Buy Filecoin (FIL)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose EGP to FIL Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Filecoin Wallet Address

    Provide your FIL wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Filecoin

    Complete the payment, and your FIL will be sent to your wallet.

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CELR
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CEL
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LINK
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CHZ
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CHR
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C98
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COMP
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CFX
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PEOPLE
EGP
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CVX
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ATOM
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CTC
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CRV
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DAI
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DASH
EGP
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MANA
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DENT
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DGB
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DYDX
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XEC
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EOS
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ETC
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ETHW
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FET
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FIL
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FLOKI
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GALA
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GNO
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ONE
EGP
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HBAR
EGP
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HOT
EGP
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HOOK
EGP
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ICX
EGP
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ILV
EGP
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IMX
EGP
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INJ
EGP
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ICP
EGP
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IOST
EGP
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IOTX
EGP
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JASMY
EGP
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JST
EGP
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KAVA
EGP
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KCS
EGP
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KSM
EGP
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KNC
EGP
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LDO
EGP
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LQTY
EGP
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LPT
EGP
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LOOKS
EGP
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LRC
EGP
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LUNA
EGP
to
MKR
EGP
to
MASK
EGP
to
EGLD
EGP
to
ALICE
EGP
to
NEAR
EGP
to
XEM
EGP
to
NEXO
EGP
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NOT
EGP
to
NMR
EGP
to
OKB
EGP
to
OMG
EGP
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ONT
EGP
to
EDU
EGP
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OP
EGP
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OGN
EGP
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CAKE
EGP
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PAXG
EGP
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PENDLE
EGP
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DOT
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MATIC
EGP
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QTUM
EGP
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QNT
EGP
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RDNT
EGP
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XRD
EGP
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RVN
EGP
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REN
EGP
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RSR
EGP
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RLC
EGP
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RPL
EGP
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SFP
EGP
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SHIB
EGP
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SKL
EGP
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SXP
EGP
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STND
EGP
to
STG
EGP
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XLM
EGP
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GMTBSC
EGP
to
STORJ
EGP
to
STMX
EGP
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SUSHI
EGP
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SNX
EGP
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USDTPOL
EGP
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USDTAVAC
EGP
to
USDTBEP20
EGP
to
USDT20
EGP
to
USDTSOL
EGP
to
USDTNEAR
EGP
to
USDTXTZ
EGP
to
USDTTRC20
EGP
to
USDTTON
EGP
to
XTZ
EGP
to
GRT
EGP
to
SAND
EGP
to
TFUEL
EGP
to
THETA
EGP
to
RUNE
EGP
to
TONCOIN
EGP
to
TUSDBSC
EGP
to
TUSDTRX
EGP
to
TWT
EGP
to
UOS
EGP
to
UMA
EGP
to
UNI
EGP
to
USDCPOL
EGP
to
USDCSOL
EGP
to
USDCOP
EGP
to
USDCBSC
EGP
to
USDCAVAC
EGP
to
USDCARB
EGP
to
USDC
EGP
to
VET
EGP
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VRA
EGP
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WAXP
EGP
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WOO
EGP
to
WLD
EGP
to
WBTC
EGP
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WMINIMA
EGP
to
XDC
EGP
to
YFI
EGP
to
YGG
EGP
to
ZIL

Frequently asked questions

  • What is the EGP/FIL trading pair and what is its significance?

    The EGP/FIL pair represents the direct exchange rate between the Egyptian Pound (EGP) and Filecoin (FIL). Its significance lies in providing a direct fiat on-ramp for users in Egypt to acquire FIL, the native token of the Filecoin decentralized storage network. This allows participation in the network's data storage solutions without first converting EGP to another major currency like USD, simplifying the digital asset purchase process.

  • What are the typical payment methods for buying FIL with EGP?

    Purchasing FIL with EGP often involves peer-to-peer (P2P) cryptocurrency exchanges due to local banking regulations. On these platforms, common payment methods include direct Egyptian bank transfers, and local mobile payment services like Vodafone Cash or Fawry. Some international exchanges may offer EGP deposits, but P2P trading remains a prevalent fiat gateway for acquiring digital assets like Filecoin in the region.

  • What is the utility of the FIL token after acquiring it with EGP?

    Once acquired with EGP, the FIL token is the native cryptocurrency of the Filecoin network, a decentralized storage system built on IPFS. Its primary utility is to pay storage providers for securely storing data. Users spend FIL to store and retrieve files, while storage providers earn FIL as compensation and collateral. The token is essential for all blockchain transactions and interactions within the Filecoin ecosystem, including future smart contract functionality via the Filecoin Virtual Machine (FVM).

  • What are Filecoin's Proof-of-Replication and Proof-of-Spacetime consensus mechanisms?

    Unlike typical blockchains, Filecoin uses unique consensus mechanisms tied to data storage. Proof-of-Replication (PoRep) is a cryptographic proof that a storage provider has created a unique copy of a piece of data. Proof-of-Spacetime (PoSt) is a subsequent proof where providers demonstrate they are continuously dedicating storage space to that same data over a period of time. Together, they ensure data integrity and availability on the decentralized network, underpinning the value of FIL.

  • Are there specific KYC/AML compliance steps for EGP to FIL transactions?

    Yes, any reputable cryptocurrency exchange or fiat gateway facilitating EGP to FIL transactions will enforce strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. Users are typically required to verify their identity by submitting a government-issued ID (like an Egyptian National ID) and proof of address. These KYC/AML compliance measures are essential for secure trading and to align with both global financial regulations and the directives of the Central Bank of Egypt.
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