A Step-by-Step-Guide on how to buy Chainlink (LINK) in Guernsey
Step 1 – Join Kraken In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and receive your first Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Chainlink (LINK) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Chainlink (LINK) As soon as your deposit has been approved, you'll instantly have access to your finances and you can initiate buying and trading. To invest in (LINK) Chainlink on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. To find (LINK) Chainlink, you will need to insert the shortname of the coin (LINK) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “LINK/BTC” to progress.
Step 4 – Purchasing (LINK) Chainlink Once you've discovered (LINK) Chainlink, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff (LINK) Chainlink was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of LINK you want to buy. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of LINK. When you are happy, make a mouse click on “Buy LINK”. Your plan will be filled when a Vender trades their LINK for the price you offered.
Step 5 – Withdraw Chainlink (LINK) Unless you're frequently trading, never keep your crypto coins on an Exchange for an extended period of time. In order to withdraw your Chainlink (LINK), go to the “Funds” tab and mouse click on “Withdraw”. (LINK) Chainlink can be stored safely 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'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.