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 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) 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 example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find Chainlink (LINK) As soon as your deposit has been approved, you will instantly have access to your assets and you can start purchasing and trading. To invest in Chainlink (LINK) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To find Chainlink (LINK), you will need to insert the cointype (LINK) into the search box, which is highlighted in the image. Make sure you have selected the proper pairing, we've highlighted this too. Click on “LINK/BTC” to go on.
Step 4 – Purchase Chainlink (LINK) After you've located Chainlink (LINK), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our Limit Order. The ”Price” field will be filled with the most latest valuation Chainlink (LINK) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of LINK you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of LINK. If you're happy, make a mouse click on “Buy LINK”. Your order will be filled when a Vender sells their LINK for the price you submitted.
Step 5 – Withdraw Chainlink (LINK) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. To withdraw your Chainlink (LINK), go to the ”Funds” tab and mouse click on “Withdraw”. Chainlink (LINK) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Chainlink (LINK) by using the given drop-down box. Enter the quantity of Chainlink (LINK) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.