A Step-by-Step-Guide on how to buy Chainlink (LINK) in Malaysia
Step 1 – Join Kraken In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an 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 example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find Chainlink (LINK) As soon as your deposit has been approved, you will now have access to your finances and you can launch invest and trading. To purchase Chainlink (LINK) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To discover Chainlink (LINK), you'll need to put the cointype (LINK) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we have marked this too. Click on “LINK/BTC” to continue.
Step 4 – Purchase Chainlink (LINK) Once you've discovered Chainlink (LINK), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the latest rate Chainlink (LINK) was traded for. You can change this to your preferred price. The “Amount” field is the volumen of LINK you want to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of LINK. If you are happy, click on “Buy LINK”. Your order will be filled when a Seller trades their LINK for the price you introduced.
Step 5 – Withdraw Chainlink (LINK) Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an extensive period of time. To take off your Chainlink (LINK), go to the tab called “Funds” and mouse click on “Withdraw”. Chainlink (LINK) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (LINK) Chainlink by using the given drop-down box. Drop in the volumen of Chainlink (LINK) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.