How much does 1 FIL cost today?

As of right now, 1 FIL costs $0.73 CAD. The price is updated live from CoinGecko and changes throughout the day based on global trading activity.

How do I buy Filecoin in Canada?

Canadians can buy Filecoin on regulated Canadian exchanges such as Bitbuy, Newton, NDAX, Wealthsimple Crypto, and Shakepay. Filecoin is also available on major international exchanges (Coinbase, Kraken, Binance) and as spot ETFs in some cases. Always confirm the platform is registered with the Canadian Securities Administrators (CSA) before depositing funds.

How is Filecoin taxed in Canada?

In Canada, the CRA treats cryptocurrency as a commodity rather than a currency. Selling, trading, or spending Filecoin triggers a capital gain or loss — 50% of which is taxable as income at your marginal rate. If you trade Filecoin frequently or as a business, the CRA may treat profits as 100% taxable business income. Keep detailed records of every transaction, including date, amount, fair market value in CAD, and counterparty.

Is Filecoin a good investment?

This page does not provide investment advice. Filecoin is a volatile asset — historical price swings have included gains and losses of more than 50% within single calendar years. Before investing, understand your time horizon, risk tolerance, and only invest what you can afford to lose. Consider using our DCA Simulator to test how dollar-cost-averaging into Filecoin would have performed historically.

Can I stake Filecoin?

Filecoin uses a Proof of Replication + Proof of Spacetime (storage-based mining) consensus mechanism, so it cannot be staked directly in the same way as proof-of-stake coins like Ethereum or Solana. Some platforms offer "earn" or lending products that pay yield on Filecoin, but these carry counterparty risk.

Filecoin Price (FIL)

Rank #95 by market cap

            CA$0.73
        

24H Change -1.17%

7D Change -7.21%

Market Cap $578.98M

24H Volume $44.61M

24H High CA$0.75

24H Low CA$0.73

USD CAD EUR

Price Chart

7-day MA

Trend Signals Updated on page load · Not financial advice

📉 -1.17% today

Minor dip today — normal market noise. No strong signal unless it continues.

🗓️ -7.21% this week

Negative week — price has drifted lower. Watch if this becomes a multi-week pattern.

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About Filecoin

A decentralized storage network that lets anyone rent spare hard drive space.

Filecoin (FIL) is a decentralized file storage protocol built on top of IPFS (InterPlanetary File System), launched in 2020 by Protocol Labs. Storage providers (miners) offer disk space and earn FIL tokens when clients pay to store files. Proofs of storage (PoRep and PoSt) cryptographically verify that providers are actually storing the data they claim. Filecoin is designed to be an alternative to centralized cloud storage like AWS S3 or Google Cloud.

Filecoin is used to store large datasets, archive data, and power decentralized applications. Key clients include the Internet Archive, large NFT metadata collections, and Web3 projects seeking censorship-resistant storage. The Filecoin Virtual Machine (FVM) added smart contract capability to the network in 2023, enabling DeFi applications on top of storage infrastructure.

Key facts

Category	Decentralized Storage
Launched	2020
Consensus	Proof of Replication + Proof of Spacetime (storage-based mining)
Supply	Capped at 2 billion FIL. Released as block rewards and storage miner incentives.
Founder	Juan Benet (Protocol Labs)
Official site	https://filecoin.io