A Step-by-Step-Guide on how to buy Chainlink (LINK) in Saudi Arabia
Step 1 – Signup to Kraken You'll first need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get your first Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Chainlink (LINK) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Chainlink (LINK) Once your deposit has been approved, you'll instantly have access to your funds and you can begin invest and trading. To purchase Chainlink (LINK) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. To discover (LINK) Chainlink, you will need to put the shortname of the coin (LINK) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we have highlighted this also. Click on “LINK/BTC” to advance.
Step 4 – Buy (LINK) Chainlink Once you have discovered (LINK) Chainlink, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the latest price Chainlink (LINK) was traded for. This can be changed to your desired price. The “Amount” field is the volumen of LINK you want to buy. The “Total” field is the total price in Bitcoin that you'll pay for the complete quantity of LINK. When you're satisfied, click on “Buy LINK”. Your order will be filled as soon as a Seller sells their LINK for the price you offered.
Step 5 – Withdraw Chainlink (LINK) Unless you are frequently trading, never keep your crypto on an Exchange for an extensive time frame. In order to withdraw your Chainlink (LINK), hover over the “Funds” tab and mouse click on “Withdraw”. Chainlink (LINK) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Chainlink (LINK) by using the given drop-down box. Put into the volumen of (LINK) Chainlink you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.