How to Buy Chainlink (LINK) in Luxembourg

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Chainlink (LINK) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find Chainlink (LINK)

As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can launch purchasing and trading. To buy (LINK) Chainlink on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To discover (LINK) Chainlink, you'll need to insert the shortname of the coin (LINK) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we have highlighted this too. Click on “LINK/BTC” to proceed.

Step 4 – Purchase Chainlink (LINK)

Once you have discovered Chainlink (LINK), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the latest valuation Chainlink (LINK) was traded for. You can change this to your favoured rate. The “Amount” field is the volumen of LINK you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole quantity of LINK.

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

Step 5 – Withdraw (LINK) Chainlink

Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an longer period of time. To take off your Chainlink (LINK), hover over the “Funds” tab and mouse click on “Withdraw”. (LINK) Chainlink can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Chainlink (LINK) by using the provided drop-down box. Put into the volumen of Chainlink (LINK) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Congratulations! You have successfully bought and stored (LINK) Chainlink in Luxembourg.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the Chainlink (LINK) is stored inside your wallet, you are all done.