A Step-by-Step-Guide on how to buy Chainlink (LINK) in Chad
Step 1 – Join Kraken In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader 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 Crypto Trader? (Just follow these easy steps) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Chainlink (LINK) Once your deposit has been verified, you will now have access to your finances and you can initiate buying and trading. To buy Chainlink (LINK) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to spot Chainlink (LINK), you will need to insert the shortname of the coin (LINK) into the search box, which is highlighted in the picture. Be certain of having selected the correct grouping, we have marked this too. Click on “LINK/BTC” to advance.
Step 4 – Buying (LINK) Chainlink Once you've located (LINK) Chainlink, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to make our own Limit Order. The “Price” field will be filled with the most recent rate (LINK) Chainlink was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of LINK you want to purchase. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of LINK. If you are happy, click on “Buy LINK”. Your order will be filled as soon as a Seller trades their LINK for the price you introduced.
Step 5 – Withdraw (LINK) Chainlink Unless you are regularly trading, you should never keepyour crypto on an Crypto Trader for an longer time period. In order to withdraw your (LINK) Chainlink, go to the tab called “Funds” and mouse click on “Withdraw”. Chainlink (LINK) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LINK) Chainlink by using the provided drop-down box. Drop in the amount of (LINK) Chainlink you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.