Chainlink (LINK)
All prices are in USD.
How to buy Chainlink
LINK
Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. Chainlink uses its digital asset token LINK to pay for services on the network. You can buy and sell LINK for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade LINK for BTC the same way you trade CAD for USD. You can also trade LINK to CAD based on the LINK price. To learn how to buy Chainlink / LINK, scroll down to see how to buy Chainlink.
Here’s how to buy Chainlink on Coinsquare
Buying Chainlink is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Chainlink, which trades as LINK. Based on when you think you can get a good LINK price, you should be able to trade LINK to CAD.
To buy Chainlink, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying LINK. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select LINK from the list on the trade section
Coinsquare lets you trade LINK without leaving the app. You can also check the Chainlink stock price and convert LINK to CAD on the platform.
Select a currency you’ve funded and use it to check the LINK price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy LINK
Congratulations! You’re now the proud owner of LINK. You can either HODL or use it to exchange LINK to CAD. To the moon!
Founded in 2017 by Sergey Nazarov, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts to become the dominant form of digital agreement. Its digital token LINK acts as data payloads to make this transfer possible by converting complex agreements into blockchain readable formats. Tokens can be stored in any ERC20 wallet, as the ERC677 token retains all the functionality of an ERC20 token.
You may want to consider buying LINK if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Trade other currencies on the ERC20 network and explore projects on the Ethereum blockchain
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my LINK?
Ready to add LINK to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.