A Step-by-Step-Guide on how to buy Chainlink (LINK)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and receive your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. 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 these easy steps) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find (LINK) Chainlink Once your deposit has been approved, you'll directly have access to your assets and you can launch purchasing and trading. To purchase (LINK) Chainlink on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To discover (LINK) Chainlink, you'll need to put the short name of the asset (LINK) into the search box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we have highlighted this also. Click on “LINK/BTC” to continue.
Step 4 – Purchase (LINK) Chainlink After you have found (LINK) Chainlink, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're making our own Limit Order. The ”Price” field will be filled with the most recent rate (LINK) Chainlink was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of LINK you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of LINK. If you're satisfied, click on “Buy LINK”. Your plan will be filled when a Seller trades their LINK for the price you offered.
Step 5 – Withdraw Chainlink (LINK) Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Chainlink (LINK), go to the tab called “Funds” and click on “Withdraw”. Chainlink (LINK) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Chainlink (LINK) by using the provided drop-down box. Put into the amount of Chainlink (LINK) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.