How to Buy Chainlink (LINK) in Norway

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

Step 1 – Signup to Kraken

You will first need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Chainlink (LINK) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate (LINK) Chainlink

Once your deposit has been approved, you will directly have access to your finances and you can begin purchasing and trading. To buy Chainlink (LINK) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

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

Step 4 – Buying (LINK) Chainlink

After you have located Chainlink (LINK), you'll be given a Chart with Prices (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 up-to-date rate (LINK) Chainlink was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of LINK you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of LINK.

When you are satisfied, make a mouse click on “Buy LINK”. Your order will be filled when a Vendor trades their LINK for the price you submitted.

Step 5 – Withdraw (LINK) Chainlink

Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time frame. 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Chainlink (LINK) by using the given drop-down box. Enter the quantity of Chainlink (LINK) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

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

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

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Chainlink (LINK) is safe in your wallet, you're finished.