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 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Chainlink (LINK) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Chainlink (LINK) Once your deposit has been affirmed, you will now have access to your finances and you can initiate buying and trading. To buy Chainlink (LINK) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to discover Chainlink (LINK), you will need to insert the cointype (LINK) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this also. Click on “LINK/BTC” to progress.
Step 4 – Purchase Chainlink (LINK) After you've spotted Chainlink (LINK), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most latest price Chainlink (LINK) was traded for. This can be changed to your desired price. The ”Amount” field is the amount of LINK you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of LINK. When you're glad, make a mouse click on “Buy LINK”. Your order will be filled as soon as a Vender trades their LINK for the price you offered.
Step 5 – Withdraw Chainlink (LINK) Unless you're regularly trading, never keep your coins on an Crypto Trader for an longer time frame. To withdraw your Chainlink (LINK), hover over the ”Funds” tab and click on “Withdraw”. Chainlink (LINK) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Chainlink (LINK) by using the provided drop-down box. Put into the quantity of Chainlink (LINK) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.