How to Buy Chainlink (LINK) in Uganda

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

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

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Chainlink (LINK)

As soon as your deposit has been approved, you'll immediately have access to your finances and you can start buying and trading. To buy Chainlink (LINK) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to discover Chainlink (LINK), you'll need to insert the short name of the asset (LINK) into the search box, which is marked in the picture. Be certain of having choosen the right pairing, we have highlighted this also. Click on “LINK/BTC” to progress.

Step 4 – Purchasing Chainlink (LINK)

Once you have spotted Chainlink (LINK), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are creating our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price (LINK) Chainlink was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of LINK you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole amount of LINK.

When you're satisfied, make a mouse click on “Buy LINK”. Your order will be filled as soon as a Vender trades their LINK for the price you offered.

Step 5 – Withdraw Chainlink (LINK)

Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an longer period of time. In order to take off your (LINK) Chainlink, hover over the “Funds” tab and click on “Withdraw”. (LINK) Chainlink can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LINK) Chainlink by using the given drop-down box. Drop in the volumen of (LINK) Chainlink you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, click “Submit”. You could be asked for phone/email verification ahead of a take off.

Congrats! You've successfully bought and stored (LINK) Chainlink in Uganda.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (LINK) Chainlink is safe within your wallet, you're done.