How to Buy Chainlink (LINK) in Cayman Islands

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

Step 1 – Join Kraken

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Chainlink (LINK) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

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

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

Step 3 – Locate (LINK) Chainlink

Once your deposit has been affirmed, you will directly have access to your funds and you can initiate invest and trading. To purchase (LINK) Chainlink on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to discover Chainlink (LINK), you'll need to insert the cointype (LINK) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “LINK/BTC” to go on.

Step 4 – Buying Chainlink (LINK)

As soon as you have spotted Chainlink (LINK), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're making our Limit Order.

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

If you are glad, click on “Buy LINK”. Your plan will be filled as soon as a Vender trades their LINK for the price you gave.

Step 5 – Withdraw Chainlink (LINK)

Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. In order to take off your Chainlink (LINK), hover over the “Funds” tab and click on “Withdraw”. Chainlink (LINK) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, click “Submit”. You may be asked for verfication via email/phone before a take off.

Kudos! You've successfully bought and stored (LINK) Chainlink in Cayman Islands.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (LINK) Chainlink is stored within your wallet, you are finished.