A Step-by-Step-Guide on how to buy Chainlink (LINK) in Canada
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Chainlink (LINK) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find (LINK) Chainlink Once your deposit has been approved, you will immediately have access to your assets and you can commence buying and trading. To invest in Chainlink (LINK) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse 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 proper pairing, we've marked this also. Click on “LINK/BTC” to go ahead.
Step 4 – Purchasing (LINK) Chainlink Once you have located (LINK) Chainlink, 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 creating our own Limit Order. The “Price” field will be automatically filled with the most recent valuation (LINK) Chainlink was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of LINK you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of LINK. When you are glad, click on “Buy LINK”. Your order will be filled when a Seller trades their LINK for the price you submitted.
Step 5 – Withdraw Chainlink (LINK) Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time frame. To take off your (LINK) Chainlink, go to the “Funds” tab and click on “Withdraw”. Chainlink (LINK) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Chainlink (LINK) by using the provided drop-down box. Enter the volumen of Chainlink (LINK) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.