Last update: Jun 6, 2022

How to Buy ChainLink (LINK)

So you’re looking for a guide on how to buy ChainLink. Depending on your country, you’ll have various cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy ChainLink – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have ChainLink of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency trading platforms.

4. Buy ChainLink

Now that you have what you need to buy ChainLink, head over to the market or buy section of the cryptocurrency trading platform and buy some LINK.

If the crypto exchange doesn’t have any ChainLink on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has ChainLink first), and trade your Ethereum for ChainLink.

Where to Buy ChainLink (LINK)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell ChainLink

1. Sign into the cryptocurrency exchange where you bought ChainLink.
2. Move your ChainLink to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell ChainLink.

 

How to Buy ChainLink (LINK) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy ChainLink in Australia, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy ChainLink if it’s available. If the exchange doesn’t have ChainLink. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ChainLink), and trade your ETH for ChainLink.

Also, check out our comparison of the top exchanges to buy and sell cryptocurrency in Australia If you’re looking to learn more about which exchanges we would recommend.

How to Buy ChainLink (LINK) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy ChainLink in Canada, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy ChainLink if it’s available. If the exchange doesn’t have ChainLink. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ChainLink), and trade your ETH for ChainLink.

Also, take a look at our analysis of the most secure crypto exchanges in Canada for those interested in learning more about which exchanges we prefer.

How to Buy ChainLink (LINK) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy ChainLink in the UK, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy ChainLink if it’s available. If the exchange doesn’t have ChainLink. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ChainLink), and trade your ETH for ChainLink.

It’s also possible to check out our comparison of the most trusted crypto exchanges in the UK for those curious to know more about which exchanges we would recommend.

Considering buying ChainLink? LINK Rundown

Chainlink, a blockchain abstraction layer, was founded in 2017. It enables universally connected smart contract. Chainlink is a decentralized Oracle network that allows blockchains secure interaction with external data feeds and events. It also provides the crucial off-chain information required by complex smart contracts in order to be the dominant form digital agreement.

Chainlink Network is powered by an open-source community that includes data providers, node operator, smart contract developers and researchers. Security auditors are also involved. This company is focused on ensuring decentralized participation for all node operators looking to contribute to the network.

Chainlink was one of the first networks that allowed the integration of off-chain data in smart contracts. Chainlink is a trusted partner and one of the leading players in data processing. Chainlink's integration of off-chain data has attracted the attention many trusted data providers such as Alpha Vantage, Brave New Coin and Huobi. Chainlink can be sold access to data providers directly, monetizing the information.

Chainlink is a decentralized network that allows users to become node operator and generate revenue while running the critical data infrastructure necessary for blockchains' success. Chainlink is powered by a large number of node operators who collectively run a variety of decentralized Price Feed Oracle networks. These networks currently generate billions of dollars for top DeFi applications such as Synthetix and Aave.

Chainlink is a company that aggregates and provides cryptocurrency price data to DeFi protocols such as Aave. It has expanded to much more. Through 1,000 integrations with 700 Oracle networks, the ecosystem has access to over 1B data points. This has helped secure over $75B in financial value. Chainlink has partnered with major organizations such as AccuWeather and FedEx to verify data. Chainlink's biggest win was Eric Schmidt, the ex-Google CEO and chairman, being appointed technical advisor to the Oracle network protocol. Schmidt says that Chainlink is "a secret ingredient to unlocking smart contract platforms' potential and revolutionizing society and business." He is keen to help Chainlink create a world based on truth. Schmidt joins Jeff Weiner, former CEO of LinkedIn, and Tom Gonser (co-founder of DocuSign).

Chainlink will roll out staking to LINK holders in order to secure the network, and earn rewards. Chainlink has been working for a staking solution since years. However, oracle networks are not blockchains but a form decentralized computing. Chainlink co-founder Nazarov explained that Chainlink doesn't produce blocks, but rather "make consensus over hundreds of oracle network about price data." He said the team is now satisfied with the security of the consensus mechanism and ready for staking to begin this year.

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