How to Buy Chainlink (LINK) in United Arab Emirates

A Step-by-Step-Guide on how to buy Chainlink (LINK) in United Arab Emirates

Step 1 – Join Kraken

You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. 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 Cryptocurrency Exchange? (Just follow this manual)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find Chainlink (LINK)

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

To locate Chainlink (LINK), you'll need to put the short name of the asset (LINK) into the search box, which is marked in the graphic. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “LINK/BTC” to go on.

Step 4 – Buy (LINK) Chainlink

As soon as you've found Chainlink (LINK), 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 are going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation Chainlink (LINK) was traded for. You can change this to your favoured price. The “Amount” field is the volumen of LINK you like to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole amount of LINK.

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

Step 5 – Withdraw Chainlink (LINK)

Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an extensive period of time. In order to withdraw your Chainlink (LINK), go to the tab called “Funds” and click on “Withdraw”. (LINK) Chainlink can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (LINK) Chainlink by using the given drop-down box. Drop in the amount of Chainlink (LINK) you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully bought and stored (LINK) Chainlink in United Arab Emirates.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (LINK) Chainlink is stored within your wallet, you are all done.