How to Buy Chainlink (LINK) in Armenia

A Step-by-Step-Guide on how to buy Chainlink (LINK) in Armenia

Step 1 – Join Kraken

You will first need to purchase units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Chainlink (LINK) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate Chainlink (LINK)

Once your deposit has been verified, you will instantly have access to your funds and you can initiate buying and trading. To purchase Chainlink (LINK) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to discover (LINK) Chainlink, you will need to insert the cointype (LINK) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we have marked this also. Click on “LINK/BTC” to continue.

Step 4 – Buying (LINK) Chainlink

Once you've found Chainlink (LINK), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the recent price (LINK) Chainlink was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of LINK you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of LINK.

If you're happy, click on “Buy LINK”. Your plan will be filled as soon as a Vendor sells their LINK for the price you introduced.

Step 5 – Withdraw Chainlink (LINK)

Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time period. To withdraw your Chainlink (LINK), go to the tab called “Funds” 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 volumen of (LINK) Chainlink you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You've successfully bought and stored (LINK) Chainlink in Armenia.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the Chainlink (LINK) is stored within your wallet, you are all done.