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 Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Chainlink (LINK) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Chainlink (LINK) Once your deposit has been approved, you will instantly have access to your assets and you can begin buying and trading. To buy Chainlink (LINK) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To find Chainlink (LINK), you will need to insert the shortname of the coin (LINK) into the search box, which is marked in the image. Be certain of having selected the proper pairing, we've marked this too. Click on “LINK/BTC” to proceed.
Step 4 – Acquisition of Chainlink (LINK) As soon as you've discovered Chainlink (LINK), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are going to make our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate Chainlink (LINK) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of LINK you like to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete amount of LINK. When you are glad, make a mouse click on “Buy LINK”. Your plan will be filled when a Vendor trades their LINK for the price you offered.
Step 5 – Withdraw Chainlink (LINK) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an longer period of time. To take off your Chainlink (LINK), go to the tab called “Funds” and click on “Withdraw”. Chainlink (LINK) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Chainlink (LINK) by using the provided drop-down box. Enter the quantity of Chainlink (LINK) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You could be asked for phone/email verification before a withdrawal.