How to Buy Chainlink (LINK)

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).

Binance Signup
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Chainlink (LINK) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Chainlink (LINK)

Once your deposit has been confirmed, you will now have access to your finances and you can commence buying and trading. To invest in Chainlink (LINK) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

In order to discover Chainlink (LINK), you'll need to put the shortname of the coin (LINK) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we have marked this also. Click on “LINK/BTC” to go on.

Binance Hot To Buy Chainlink (LINK)
Binance How to Buy (LINK) Chainlink
Step 4 – Purchasing Chainlink (LINK)

After you've spotted Chainlink (LINK), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to make 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 like to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of LINK.

When you're glad, click on “Buy LINK”. Your plan 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 crypto on an Cryptocurrency Exchange for an extended time period. To withdraw your Chainlink (LINK), hover over the tab called “Funds” and click on “Withdraw”. Chainlink (LINK) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Chainlink (LINK) by using the provided drop-down box. Put into the amount of Chainlink (LINK) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Binance Withdraw

Congrats! You've successfully bought and safed Chainlink (LINK).

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (LINK) Chainlink is safe within your wallet, you're all done.

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