How to Buy Chainlink (LINK) in Germany

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

Step 1 – Join Kraken

You will first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting your first Ethereum or Bitcoin.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. 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 this manual)

Make sure you have chosen the exact coin you want to deposit.

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

Step 3 – Locate (LINK) Chainlink

Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate invest and trading. To purchase (LINK) Chainlink on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to find (LINK) Chainlink, you will need to insert the short name of the asset (LINK) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we've marked this also. Click on “LINK/BTC” to go on.

Step 4 – Buying (LINK) Chainlink

As soon as you have spotted Chainlink (LINK), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our Limit Order.

The “Price” field will be filled with the most recent valuation Chainlink (LINK) was sold for. You can change this to your desired rate. The “Amount” field is the quantity of LINK you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of LINK.

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

Step 5 – Withdraw (LINK) Chainlink

Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. In order to take off your (LINK) Chainlink, go to the tab called “Funds” and mouse click on “Withdraw”. Chainlink (LINK) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and safed Chainlink (LINK) in Germany.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the (LINK) Chainlink is safe inside your wallet, you are finished.