How to Buy Chainlink (LINK) in Hungary

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

Step 1 – Signup to Kraken

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

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Chainlink (LINK) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate (LINK) Chainlink

As soon as your deposit has been approved, you will immediately have access to your funds and you can commence buying and trading. To buy (LINK) Chainlink on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”.

To locate (LINK) Chainlink, you'll need to insert the short name of the asset (LINK) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have highlighted this too. Click on “LINK/BTC” to progress.

Step 4 – Buy Chainlink (LINK)

After you've located (LINK) Chainlink, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the latest rate (LINK) Chainlink was traded for. This can be changed to your desired price. The “Amount” field is the amount of LINK you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of LINK.

When you're happy, click on “Buy LINK”. Your plan will be filled when a Vendor trades their LINK for the price you introduced.

Step 5 – Withdraw (LINK) Chainlink

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

Locate (LINK) Chainlink by using the given drop-down box. Enter the volumen of (LINK) Chainlink you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Congratulations! You've successfully bought and safed (LINK) Chainlink in Hungary.

That's it!

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