How to Buy Chainlink (LINK) in Iceland

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

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to purchase units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and getting your welcome $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Chainlink (LINK) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate Chainlink (LINK)

Once your deposit has been affirmed, you will instantly have access to your assets and you can launch purchasing and trading. To purchase (LINK) Chainlink on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

In order to find (LINK) Chainlink, you will need to put the cointype (LINK) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have marked this too. Click on “LINK/BTC” to proceed.

Step 4 – Purchasing (LINK) Chainlink

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

The field with the “Price” tag will be automatically filled with the recent tariff Chainlink (LINK) was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of LINK you wish to purchase. The “Total” field is the aggregated price in BTC that you will settle for the whole volumen of LINK.

When you are glad, click on “Buy LINK”. Your plan will be filled when a Seller trades their LINK for the price you introduced.

Step 5 – Withdraw (LINK) Chainlink

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended period of time. To withdraw your (LINK) Chainlink, go to the tab called “Funds” and mouse click on “Withdraw”. (LINK) Chainlink can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Chainlink (LINK) by using the given drop-down box. Put into the volumen of Chainlink (LINK) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you are happy, click on “Submit”. You may be requested for email/phone verification before a take off.

Kudos! You've successfully purchased and safed Chainlink (LINK) in Iceland.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the (LINK) Chainlink is stored within your wallet, you're done.