How to Buy Chainlink (LINK) in Faroe Islands

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Chainlink (LINK) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (LINK) Chainlink

Once your deposit has been confirmed, you'll now have access to your finances and you can begin purchasing and trading. To purchase Chainlink (LINK) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To find (LINK) Chainlink, you'll need to put the cointype (LINK) into the search box, which is marked in the image. Be certain of having choosen the right pairing, we have highlighted this too. Click on “LINK/BTC” to continue.

Step 4 – Buy (LINK) Chainlink

As soon as you've located (LINK) Chainlink, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to make our Limit Order.

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

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

Step 5 – Withdraw Chainlink (LINK)

Unless you are frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your Chainlink (LINK), go to the “Funds” tab and click on “Withdraw”. (LINK) Chainlink can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are satisfied, click “Submit”. You may be requested for phone/email verification before a withdrawal.

Congratulations! You've successfully purchased and stored Chainlink (LINK) in Faroe Islands.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the Chainlink (LINK) is stored within your wallet, you're all done.