A Step-by-Step-Guide on how to buy Chainlink (LINK) in Cyprus
Step 1 – Signup to Kraken You will first need to purchase units of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Chainlink (LINK) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate (LINK) Chainlink Once your deposit has been verified, you'll immediately have access to your funds and you can start buying and trading. To purchase Chainlink (LINK) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. To find Chainlink (LINK), you will need to insert the short name of the asset (LINK) into the search-box, which is highlighted in the image. Be certain of having selected the correct grouping, we have marked this also. Click on “LINK/BTC” to progress.
Step 4 – Acquisition of (LINK) Chainlink As soon as you've found (LINK) Chainlink, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date tariff Chainlink (LINK) was sold for. This can be changed to your desired price. The “Amount” field is the quantity of LINK you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete amount of LINK. When you're happy, make a mouse click on “Buy LINK”. Your order will be filled as soon as a Seller sells their LINK for the price you submitted.
Step 5 – Withdraw (LINK) Chainlink Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extended time period. To withdraw your Chainlink (LINK), go to the tab called “Funds” and mouse click on “Withdraw”. (LINK) Chainlink can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LINK) Chainlink by using the provided drop-down box. Drop in the amount of (LINK) Chainlink you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.