A Step-by-Step-Guide on how to buy Chainlink (LINK)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Chainlink (LINK) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Chainlink (LINK) As soon as your deposit has been approved, you will now have access to your assets and you can launch invest and trading. To buy Chainlink (LINK) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To locate Chainlink (LINK), you'll need to insert the shortname of the coin (LINK) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have marked this also. Click on “LINK/BTC” to go on.
Step 4 – Buy Chainlink (LINK) Once you've spotted Chainlink (LINK), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order. The ”Price” field will be filled with the most latest tariff Chainlink (LINK) was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of LINK you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of LINK. When you are happy, click on “Buy LINK”. Your order will be filled when a Vendor trades their LINK for the price you gave.
Step 5 – Withdraw Chainlink (LINK) Unless you're frequently trading, you should never keepyour crypto coins on an Exchange for an extended time frame. To withdraw your Chainlink (LINK), hover over the tab called “Funds” and click on “Withdraw”. Chainlink (LINK) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Chainlink (LINK) by using the given drop-down box. Drop in the amount of Chainlink (LINK) you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.