A Step-by-Step-Guide on how to buy Chainlink (LINK) in Singapore
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Chainlink (LINK) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find (LINK) Chainlink Once your deposit has been confirmed, you will instantly have access to your funds and you can commence buying and trading. To invest in Chainlink (LINK) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to spot (LINK) Chainlink, you'll need to put the short name of the asset (LINK) into the search-box, which is highlighted in the image. Be certain of having selected the correct grouping, we've marked this too. Click on “LINK/BTC” to go ahead.
Step 4 – Purchase Chainlink (LINK) After you have spotted (LINK) Chainlink, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our Limit Order. The “Price” field will be automatically filled with the recent valuation Chainlink (LINK) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of LINK you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of LINK. If you are satisfied, make a mouse click on “Buy LINK”. Your order will be filled when a Seller sells their LINK for the price you submitted.
Step 5 – Withdraw (LINK) Chainlink Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your Chainlink (LINK), go to the tab called “Funds” and mouse click on “Withdraw”. (LINK) Chainlink can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Chainlink (LINK) by using the provided drop-down box. Put into the volumen of Chainlink (LINK) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.