A Step-by-Step-Guide on how to buy Chainlink (LINK) in South Africa
Step 1 – Join Kraken You'll first need to purchase units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Chainlink (LINK) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (LINK) Chainlink As soon as your deposit has been confirmed, you will instantly have access to your funds and you can initiate buying and trading. To buy (LINK) Chainlink on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find Chainlink (LINK), you'll need to put the short name of the asset (LINK) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have marked this also. Click on “LINK/BTC” to proceed.
Step 4 – Buy (LINK) Chainlink After you've spotted Chainlink (LINK), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are making our own Limit Order. The field with the “Price” tag will be filled with the recent valuation Chainlink (LINK) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of LINK you wish to buy. The “Total” field is the total price in BTC that you will pay for the whole quantity of LINK. If you are happy, make a mouse click on “Buy LINK”. Your plan will be filled as soon as a Vender trades their LINK for the price you gave.
Step 5 – Withdraw Chainlink (LINK) Unless you're trading, never keep your crypto coins on an Exchange for an extended time frame. In order to withdraw your (LINK) Chainlink, go to the tab called “Funds” and click on “Withdraw”. (LINK) Chainlink can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (LINK) Chainlink by using the given drop-down box. Put into the quantity of Chainlink (LINK) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.