A Step-by-Step-Guide on how to buy Chainlink (LINK) in Barbados
Step 1 – Join Kraken You will first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Chainlink (LINK) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Chainlink (LINK) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can commence purchasing and trading. To invest in Chainlink (LINK) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. To discover (LINK) Chainlink, you'll need to put the cointype (LINK) into the search box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we've highlighted this too. Click on “LINK/BTC” to proceed.
Step 4 – Purchasing Chainlink (LINK) Once you've found (LINK) Chainlink, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our Limit Order. The “Price” field will be automatically filled with the recent price (LINK) Chainlink was traded for. You can change this to your favoured price. The “Amount” field is the volumen of LINK you wish to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete quantity of LINK. If you are happy, click on “Buy LINK”. Your plan will be filled when a Seller trades their LINK for the price you submitted.
Step 5 – Withdraw (LINK) Chainlink Unless you're frequently trading, never keep your crypto on an Exchange for an extensive time period. To withdraw your (LINK) Chainlink, go to the “Funds” tab and mouse click on “Withdraw”. (LINK) Chainlink can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (LINK) Chainlink by using the given drop-down box. Put into the amount of (LINK) Chainlink you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're glad, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.