How to Buy Chainlink (LINK) in Lebanon

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

Step 1 – Join Kraken

You will first need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

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

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find Chainlink (LINK)

As soon as your deposit has been verified, you will directly have access to your funds and you can launch purchasing and trading. To invest in (LINK) Chainlink on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To spot Chainlink (LINK), you will need to insert the short name of the asset (LINK) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have marked this also. Click on “LINK/BTC” to go on.

Step 4 – Acquisition of Chainlink (LINK)

As soon as you have located Chainlink (LINK), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're making our own Limit Order.

The “Price” field will be automatically filled with the most latest tariff (LINK) Chainlink was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of LINK you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of LINK.

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

Step 5 – Withdraw (LINK) Chainlink

Unless you are frequently trading, you should never keepyour crypto on an Crypto Exchange for an longer time frame. To withdraw your Chainlink (LINK), go to the tab called “Funds” and click on “Withdraw”. (LINK) Chainlink can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LINK) Chainlink by using the given drop-down box. Drop in the quantity of (LINK) Chainlink you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

When you're happy, click “Submit”. You could be requested for phone/email verification before a withdrawal.

Kudos! You've successfully bought and stored Chainlink (LINK) in Lebanon.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Chainlink (LINK) is safe within your wallet, you are finished.