How to Buy Chainlink (LINK) in Australia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Chainlink (LINK) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (LINK) Chainlink

As soon as your deposit has been verified, you will immediately have access to your finances and you can begin buying and trading. To invest in Chainlink (LINK) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover (LINK) Chainlink, you will need to insert the shortname of the coin (LINK) into the search-box, which is highlighted in the graphic. Be certain of having selected the right pairing, we've marked this also. Click on “LINK/BTC” to continue.

Step 4 – Buying (LINK) Chainlink

After you've located Chainlink (LINK), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price Chainlink (LINK) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of LINK you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole quantity of LINK.

When you're glad, make a mouse click on “Buy LINK”. Your order will be filled as soon as a Vender trades their LINK for the price you offered.

Step 5 – Withdraw (LINK) Chainlink

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time period. To take off your (LINK) Chainlink, go to the tab called “Funds” and mouse click on “Withdraw”. Chainlink (LINK) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LINK) Chainlink by using the provided drop-down box. Enter the amount of Chainlink (LINK) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Congratulations! You've successfully purchased and safed Chainlink (LINK) in Australia.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the Chainlink (LINK) is safe in your wallet, you're all done.