How to Buy Chainlink (LINK) in Dominican Republic

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Chainlink (LINK) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate Chainlink (LINK)

Once your deposit has been approved, you will immediately have access to your finances and you can commence buying and trading. To buy (LINK) Chainlink on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot (LINK) Chainlink, you'll need to put the short name of the asset (LINK) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we've marked this too. Click on “LINK/BTC” to go on.

Step 4 – Purchase Chainlink (LINK)

As soon as you have discovered Chainlink (LINK), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are creating our Limit Order.

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

If you are satisfied, make a mouse click on “Buy LINK”. Your order will be filled as soon as a Seller sells their LINK for the price you gave.

Step 5 – Withdraw (LINK) Chainlink

Unless you are frequently trading, best advise is not to keep your crypto on an Exchange for an longer time frame. To withdraw your Chainlink (LINK), hover over the “Funds” tab and mouse click on “Withdraw”. (LINK) Chainlink can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LINK) Chainlink by using the given drop-down box. Enter the quantity of (LINK) Chainlink you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you are satisfied, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Congratulations! You've successfully purchased and stored (LINK) Chainlink in Dominican Republic.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off using Ethplorer.io or Etherscan.io and the Chainlink (LINK) is stored inside your wallet, you are done.