HomeChainlinkBuy Chainlink
Chainlink logo

How to Buy Chainlink (LINK) in 3 Simple Steps

Chainlink logo
Chainlink (LINK)
...
24H Change
...
7 DAYS CHANGE
...
Market Cap
...

Chainlink provides an important service by making external data available on blockchains so that they can interact with the real world. In this guide, we will explore how you can buy the project’s token, LINK, and why real-world data is so valuable on the blockchain.

3 Steps to Buy Chainlink

1. Choose a broker or exchange

In order to purchase LINK, you will need to start by finding a broker or exchange that supports it. A regulated and reputable platform will be the best option if you want to keep your funds safe. You can find more on this in the next section, or simply register with our top recommendation to get started immediately.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

2. Create and fund your account 

Click the “Register” button to join your chosen platform by filling in your name and contact details where prompted. You may need to provide documentation such as a photo ID or proof of address before your account can be verified. Go to the deposit page to see the payment options available and choose one to fund your account.

3. Buy Chainlink

The final step is to find the relevant trading pair on your platform (if you’ve just deposited British pounds, this will be LINK/GBP). Enter how much you want to purchase in a buy order. A market order will execute immediately at the current price, while a limit order will execute in the future once your specified price is reached.

Jump to a section

Buy Chainlink in just a few minutes

Create a free account

Set up your trading account with eToro for free with your name, an email address and telephone number

Fund your account

Choose your preferred payment method and activate the account with the minimum deposit into your account

Start trading Chainlink

Choose your cryptocurrency by clicking ‘Trading Markets’, set your risk limit and click ‘Get Started’ to start your investment strategy
PayPal logo
Mastercard logo
Visa logo
Bank Transfer logo
Skrill logo
Neteller logo

Why trade Chainlink with a broker?

1

Fast and simple.

Trades are instant and easy to execute.

2

Pay your way.

Brokers accept a range of payment options including credit/debit cards and even PayPal.

3

No wallet needed.

No need to set up and maintain a wallet—you can manage your crypto directly from your account.

Buy Chainlink Today!

Chainlink is a decentralised network of oracles, which are entities that provide blockchains with data. They find, query, and verify information from the real world before making it available on the blockchain so that it can be used in smart contracts (blockchain-based computer programs) for decentralised applications (dApps). 

For example, Chainlink provides access to price feeds for decentralised finance (DeFi) applications such as Synthetix, weather data for weather risk solutions provider Arbol, and viewership data for blockchain-powered video streaming network Theta. It also automates smart contracts for projects such as Bancor and provides randomness on the blockchain for distributing rewards, minting non-fungible tokens (NFTs), and powering games.

Oracles are therefore vital to a wide array of blockchain-based applications and services—and Chainlink is one of the most popular providers. The Chainlink network is kept secure as oracle nodes must stake the project’s token, LINK. This token is also used to pay fees and reward contributors on the network.

Every investor is different, which is reflected in the way they invest. Some prefer to buy LINK for the short term and others for the long term. Both of these options have their pros and cons and we will explore these below.

Buy and hold Chainlink

This is the simplest strategy you will find and is pretty self explanatory. The advantage is that anyone can do it and potentially profit from it, regardless of experience, skills, and time commitment.

Long-term investors hope that the value of the LINK they hold will appreciate over time. If they have the skills and resources to operate a node, they can even stake their LINK to earn fees.

Best Chainlink wallets

Private wallets are a popular place to store tokens for long-term investors as only the owner of a private wallet has the keys to access it. This can make private wallets a more secure storage option.

The most user-friendly private wallets are free software wallets that can be downloaded onto your desktop or mobile device. Those willing to pay for the best possible security may opt for hardware wallets instead, like Trezor, BitBox, and Ledger.

Trade Chainlink

As the price of LINK is volatile, like the rest of the crypto market, traders can also benefit by buying and selling tokens more often for more frequent returns. This will take much more time and effort than investing for the long-term and skills such as technical analysis will be useful.

Private wallets are less convenient for traders as they regularly need to access their tokens on exchanges. This is why many traders prefer to use free web wallets provided by their exchange.

Only you can decide how to invest your money but we can provide information about Chainlink’s fundamentals and potential. The maximum supply of LINK is capped at 1 billion, making it a scarce asset and therefore potentially a good long-term store of value.

Demand for LINK comes from Chainlink nodes, who must stake LINK to participate, as well as those who use Chainlink’s services and therefore need LINK to pay fees on the network. This means that LINK is likely to become more valuable as the network grows and more applications and projects leverage Chainlink’s solutions.

Chainlink is already one of the most popular oracle providers and powers a large number of dApps and services across many industries. Given the breadth and usefulness of Chainlink solutions and the dedication of its community of “LINK Marines”, the project and its cryptocurrency may still have significant growth potential.

Alternative Cryptocurrencies

View more Cryptocurrencies

Frequently Asked Questions

  1. Smart contracts are computer programs on the blockchain, but unlike ordinary contracts, they execute automatically when predetermined conditions are met. If the conditions are based on events in the real world, an oracle provider such as Chainlink will be required to tell the smart contract when to execute.

  2. Of the total supply of 1 billion LINK, 35% were sold in public sales, 30% went to the company for developing the ecosystem, and the rest is being used for incentives within the ecosystem such as paying node operators.

  3. Chainlink retrieves data from leading data providers in a range of industries, including Binance, Kraken, CoinGecko, and Everipedia.

  4. LINK is staked by Chainlink nodes and their stake can be “slashed” (confiscated) if they misbehave. Nodes fetch real-world data and make it accessible on the blockchain.

  5. Chainlink Keepers are automation bots that continuously perform upkeep jobs to trigger smart contract executions. The service can be used to automate functions within applications such as yield harvesting, rebasing, trading, and asset distribution.

We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.