How to Buy Chainlink (LINK) in Denmark

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

Step 1 – Signup to Kraken

You will first need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) 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 obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the correct coin you want to deposit.

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

Step 3 – Locate Chainlink (LINK)

As soon as your deposit has been affirmed, you'll now have access to your finances and you can start buying and trading. To buy Chainlink (LINK) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to discover Chainlink (LINK), you will need to put the cointype (LINK) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we have highlighted this too. Click on “LINK/BTC” to continue.

Step 4 – Purchase (LINK) Chainlink

Once you've found (LINK) Chainlink, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we're going to make our Limit Order.

The “Price” field will be automatically filled with the up-to-date rate Chainlink (LINK) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of LINK you wish to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole volumen of LINK.

If you're satisfied, make a mouse click on “Buy LINK”. Your plan will be filled as soon as a Vender sells their LINK for the price you introduced.

Step 5 – Withdraw (LINK) Chainlink

Unless you're frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. To withdraw your (LINK) Chainlink, go to the “Funds” tab and mouse click on “Withdraw”. Chainlink (LINK) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Chainlink (LINK) by using the provided drop-down box. Put into the quantity of Chainlink (LINK) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.

Congrats! You have successfully bought and stored Chainlink (LINK) in Denmark.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the Chainlink (LINK) is stored inside your wallet, you are done.