How to Buy Chainlink (LINK) in Austria

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

Step 1 – Join Kraken

You will first need to purchase units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and receive your first Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Chainlink (LINK) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Chainlink (LINK)

As soon as your deposit has been affirmed, you will directly have access to your funds and you can start invest and trading. To buy (LINK) Chainlink on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

In order to find (LINK) Chainlink, you will need to put the cointype (LINK) into the search box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've marked this also. Click on “LINK/BTC” to progress.

Step 4 – Buy (LINK) Chainlink

After you've discovered (LINK) Chainlink, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation Chainlink (LINK) was sold for. You can change this to your favoured price. The “Amount” field is the amount of LINK you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of LINK.

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

Step 5 – Withdraw (LINK) Chainlink

Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your (LINK) Chainlink, go to the tab called “Funds” and click on “Withdraw”. (LINK) Chainlink can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LINK) Chainlink by using the provided drop-down box. Put into the amount of (LINK) Chainlink you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Congrats! You have successfully bought and stored Chainlink (LINK) in Austria.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the Chainlink (LINK) is safe in your wallet, you are finished.