How to Buy Chainlink (LINK) in Benin

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

Step 1 – Join Kraken

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

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Chainlink (LINK) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find Chainlink (LINK)

As soon as your deposit has been affirmed, you will immediately have access to your assets and you can begin invest and trading. To purchase (LINK) Chainlink on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

To spot (LINK) Chainlink, you will need to insert the shortname of the coin (LINK) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we've marked this too. Click on “LINK/BTC” to proceed.

Step 4 – Buying Chainlink (LINK)

After you have located (LINK) Chainlink, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order.

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

When you're satisfied, click on “Buy LINK”. Your plan will be filled when a Vendor trades their LINK for the price you offered.

Step 5 – Withdraw (LINK) Chainlink

Unless you're regularly trading, never keep your coins on an Crypto Trader for an longer time frame. To withdraw your Chainlink (LINK), go to the “Funds” tab and click on “Withdraw”. (LINK) Chainlink can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Chainlink (LINK) by using the provided drop-down box. Put into the volumen of (LINK) Chainlink you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

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

Kudos! You have successfully purchased and safed Chainlink (LINK) in Benin.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the Chainlink (LINK) is safe within your wallet, you are done.