A Step-by-Step-Guide on how to buy Chainlink (LINK) in Dominica
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive your first $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Chainlink (LINK) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Chainlink (LINK) As soon as your deposit has been approved, you will directly have access to your funds and you can commence invest and trading. To buy (LINK) Chainlink on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot (LINK) Chainlink, you'll need to put the cointype (LINK) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this also. Click on “LINK/BTC” to advance.
Step 4 – Buy (LINK) Chainlink Once you've spotted (LINK) Chainlink, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're creating our Limit Order. The “Price” field will be automatically filled with the most latest price (LINK) Chainlink was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of LINK you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole quantity of LINK. When you are satisfied, make a mouse click on “Buy LINK”. Your order will be filled when a Seller trades their LINK for the price you submitted.
Step 5 – Withdraw (LINK) Chainlink Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an extended time frame. To withdraw your Chainlink (LINK), go to the tab called “Funds” and click on “Withdraw”. Chainlink (LINK) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LINK) Chainlink by using the provided drop-down box. Put into the volumen of (LINK) Chainlink you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.