This step-by-step guide shows how to buy Chainlink (LINK).
If you’re looking to invest in this cryptocurrency, this tutorial is all you need to follow.
With that said, let’s begin.
What Is Chainlink (LINK)
Chainlink gives secure access to data feeds, API, and payments to your smart contracts.
Connecting a smart contract to inputs is a breeze with LINK. It also supports multiple inputs to prove contractual performance and multiple outputs to send payments for completing smart contracts.
How to Buy Chainlink
There are many ways how to buy Chainlink coins. There’s Etherdelta, but it’s not the most secure one out there.
One of the most popular and secure sources to buy Chainlink is a cryptocurrency exchange called Binance.
Binance has been one of the top exchanges for nearly 3 years and is one of the largest by volume. Not only does it support a range of altcoins/alternative coins, but it’s also one of the most secure platforms.
Step 1 – Creating a Binance Account:
Once you’ve entered the details, it will prompt you to verify your email address.
Log into your email account, find the verification code and get your account verified.
Step 2 – Setting It Up
Once you’ve completed the first step, you’ll be greeted by a familiar dashboard.
Before you go ahead and make a purchase, it’s always a good idea to get your identity verified. This will also secure your account and prevent unauthorized access in the future.
Follow the on-screen instructions, and your account should be ready.
See Related: How to Buy Komodo Coin | Step-By-Step Guide
Step 3 – Purchase Bitcoin
You can purchase directly on Binance and buy Bitcoin directly through credit/debit cards.
The payment options may differ depending on your country, but the process is pretty much the same.
Once you’ve purchased some Bitcoins, you can either store them in your Binance wallet or exchange it for altcoins like Ethereum or, rather, Chainlink in this case.
Step 4 – How To Buy Chainlink Cryptocurrency
That brings us to the final step. Here we will be exchanging/trading Bitcoin or Ethereum for Chainlink.
If you’re reading this step, you already have Bitcoin/Ethereum ready in your account. If not, complete the first three steps before you begin this one.
Go to LINK’s Bitcoin pair or Ethereum pair, depending on what crypto you already possess.
Depending on how much of Chainlink you may want to buy, select your options.
If you want to trade all your Bitcoin for Chainlink, select 100% in the Buy options and click buy. The market option is to buy the coin/token at the current price, and the limit option is for traders looking to buy at a certain price.
Unless you’re involved in trading, you don’t need to consider the Limit Buy option. Select the percentage of Bitcoins you want to allocate to your preferred altcoin, and it will sit in your hot wallet.
Final Words & Conclusion
That brings us to the conclusion of this ‘how to buy Chainlink (LINK)’ guide. We hope this helped you make a purchase. If not, did you get stuck on any step? Or did we miss anything in this step-by-step tutorial?
Either way, let us know by leaving a quick comment down below.
Once you’ve purchased Chainlink (LINK) or any other cryptocurrency of your choice, be sure to strengthen the security of your Binance account, so it’s never compromised.
A two-step authentication application like Google Authenticator should greatly help secure your account if you don’t have an existing authentication app. You can also withdraw your tokens to a compatible wallet if you don’t want to leave them on the exchange.