How to Buy Chainlink (LINK) in Panama

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

Step 1 – Signup to Kraken

You will first need to purchase units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Chainlink (LINK) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Chainlink (LINK)

Once your deposit has been verified, you'll now have access to your assets and you can start purchasing and trading. To purchase Chainlink (LINK) on Binance, you will want to go to the “Exchange” tab and click on “Basic”.

To locate Chainlink (LINK), you'll need to put the cointype (LINK) into the search-box, which is marked in the image. Be certain of having selected the right pairing, we've highlighted this also. Click on “LINK/BTC” to go ahead.

Step 4 – Buy Chainlink (LINK)

After you have located Chainlink (LINK), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent price (LINK) Chainlink was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of LINK you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of LINK.

When you are happy, click on “Buy LINK”. Your order will be filled as soon as a Seller trades their LINK for the price you introduced.

Step 5 – Withdraw Chainlink (LINK)

Unless you are frequently trading, never keep your coins on an Crypto Trader for an extensive time period. In order to take off your Chainlink (LINK), go to the “Funds” tab and mouse click on “Withdraw”. Chainlink (LINK) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Chainlink (LINK) by using the provided drop-down box. Drop in the volumen of Chainlink (LINK) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Kudos! You have successfully purchased and stored (LINK) Chainlink in Panama.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (LINK) Chainlink is safe inside your wallet, you are done.