How to Buy Chainlink (LINK) in Svalbard

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has 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're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (LINK) Chainlink

As soon as your deposit has been confirmed, you'll directly have access to your funds and you can launch purchasing and trading. To invest in Chainlink (LINK) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To locate (LINK) Chainlink, you'll need to insert the short name of the asset (LINK) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this too. Click on “LINK/BTC” to progress.

Step 4 – Buy Chainlink (LINK)

Once you've spotted Chainlink (LINK), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The “Price” field will be filled with the recent price (LINK) Chainlink was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of LINK you want to purchase. The “Total” field is the whole price in BTC that you'll settle for the whole amount of LINK.

When you are glad, make a mouse click on “Buy LINK”. Your plan will be filled when a Seller sells their LINK for the price you offered.

Step 5 – Withdraw Chainlink (LINK)

Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. In order to take off your Chainlink (LINK), hover over the tab called “Funds” and mouse click on “Withdraw”. Chainlink (LINK) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LINK) Chainlink by using the given drop-down box. Drop in the quantity of (LINK) Chainlink you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, click “Submit”. You may be asked for email/phone verification before a take off.

Congrats! You've successfully bought and safed Chainlink (LINK) in Svalbard.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Chainlink (LINK) is safe in your wallet, you are done.