How to Buy Chainlink (LINK) in Mongolia

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

Step 1 – Signup to Kraken

You will first 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 to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency 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. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (LINK) Chainlink

As soon as your deposit has been affirmed, you will directly have access to your finances and you can start purchasing and trading. To purchase (LINK) Chainlink on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to find (LINK) Chainlink, you'll need to insert the shortname of the coin (LINK) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we have marked this also. Click on “LINK/BTC” to progress.

Step 4 – Acquisition of Chainlink (LINK)

As soon as you've discovered Chainlink (LINK), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date rate Chainlink (LINK) was sold for. You can change this to your desired rate. The “Amount” field is the quantity of LINK you wish to buy. The “Total” field is the whole price in BTC that you'll settle for the complete quantity of LINK.

When you're happy, click on “Buy LINK”. Your order will be filled as soon as a Vendor trades their LINK for the price you offered.

Step 5 – Withdraw Chainlink (LINK)

Unless you're regularly trading, you should never keepyour crypto on an Crypto Exchange for an extensive time period. To take off your Chainlink (LINK), go to the “Funds” tab and mouse click on “Withdraw”. Chainlink (LINK) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully purchased and stored (LINK) Chainlink in Mongolia.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the (LINK) Chainlink is stored inside your wallet, you are done.