How to Buy Chainlink (LINK) in Dominica

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

Step 1 – Signup to Kraken

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and receive your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Chainlink (LINK) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate (LINK) Chainlink

As soon as your deposit has been affirmed, you'll directly have access to your assets and you can begin buying and trading. To invest in (LINK) Chainlink on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to spot (LINK) Chainlink, you'll need to put the shortname of the coin (LINK) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “LINK/BTC” to advance.

Step 4 – Buying (LINK) Chainlink

After you've found (LINK) Chainlink, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're creating our own Limit Order.

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

If you're happy, click on “Buy LINK”. Your plan will be filled when a Seller trades their LINK for the price you introduced.

Step 5 – Withdraw (LINK) Chainlink

Unless you're regularly trading, never keep your crypto on an Crypto Trader for an extended time frame. To withdraw your Chainlink (LINK), hover over the “Funds” tab and click on “Withdraw”. (LINK) Chainlink can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Chainlink (LINK) by using the given drop-down box. Drop in the volumen of (LINK) Chainlink you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, click on “Submit”. You may be asked for email/phone verification before a withdrawal.

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

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (LINK) Chainlink is safe inside your wallet, you're all done.