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 ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Chainlink (LINK) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate Chainlink (LINK) As soon as your deposit has been confirmed, you will immediately have access to your finances and you can launch buying and trading. To invest in Chainlink (LINK) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to discover Chainlink (LINK), you'll need to put the short name of the asset (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 proceed.
Step 4 – Purchasing Chainlink (LINK) As soon as you've found Chainlink (LINK), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our own Limit Order. The ”Price” field will be filled automatically with the most recent rate Chainlink (LINK) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of LINK you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of LINK. When you are happy, make a mouse click on “Buy LINK”. Your order will be filled when a Vender sells their LINK for the price you gave.
Step 5 – Withdraw Chainlink (LINK) Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time frame. To withdraw your Chainlink (LINK), hover over the tab called “Funds” and click on “Withdraw”. Chainlink (LINK) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Chainlink (LINK) by using the given drop-down box. Enter the quantity of Chainlink (LINK) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.
Kudos! You have successfully bought and stored Chainlink (LINK).That's it! Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (LINK) Chainlink is safe in your wallet, you're all done.
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