How to Buy Chainlink (LINK) in Micronesia

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

Step 1 – Join Kraken

You'll first need to buy one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Chainlink (LINK) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate (LINK) Chainlink

Once your deposit has been affirmed, you'll now have access to your finances and you can commence buying and trading. To purchase (LINK) Chainlink on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to find Chainlink (LINK), you will need to insert the cointype (LINK) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have marked this also. Click on “LINK/BTC” to continue.

Step 4 – Purchasing (LINK) Chainlink

As soon as you have found (LINK) Chainlink, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate (LINK) Chainlink was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of LINK you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete quantity of LINK.

If you're satisfied, make a mouse click on “Buy LINK”. Your plan will be filled as soon as a Vendor trades their LINK for the price you submitted.

Step 5 – Withdraw Chainlink (LINK)

Unless you're trading, best advise is not to keep coins on an Exchange for an extensive time period. To take off your (LINK) Chainlink, go to the tab called “Funds” and click on “Withdraw”. (LINK) Chainlink can be stored securely using a Wallet, for instance 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 presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click “Submit”. You may be asked for phone/email verification before a withdrawal.

Congratulations! You have successfully bought and safed Chainlink (LINK) in Micronesia.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the Chainlink (LINK) is stored in your wallet, you're done.