How to Buy Chainlink (LINK) in El Salvador

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

Step 1 – Signup to Kraken

You will first need to buy units of the major currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Chainlink (LINK) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Chainlink (LINK)

As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can start buying and trading. To buy (LINK) Chainlink on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To find Chainlink (LINK), you will need to put the cointype (LINK) into the search-box, which is marked in the picture. Make sure you have selected the proper grouping, we have highlighted this too. Click on “LINK/BTC” to progress.

Step 4 – Purchase (LINK) Chainlink

Once you have located Chainlink (LINK), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our own Limit Order.

The “Price” field will be filled with the up-to-date valuation Chainlink (LINK) was sold for. This can be changed to your favoured rate. The “Amount” field is the volumen of LINK you wish to buy. The “Total” field is the whole price in Bitcoin that you'll settle for the whole amount of LINK.

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

Step 5 – Withdraw (LINK) Chainlink

Unless you're trading, best advise is not to keep coins on an Crypto Exchange for an longer time frame. In order to take off your (LINK) Chainlink, hover over the “Funds” tab and mouse click on “Withdraw”. (LINK) Chainlink can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Chainlink (LINK) by using the given drop-down box. Drop in the quantity of Chainlink (LINK) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congrats! You have successfully bought and safed (LINK) Chainlink in El Salvador.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Chainlink (LINK) is safe inside your wallet, you are all done.