Buy Chainlink: A Comprehensive Guide on How to Buy LINK

Chainlink, a leading cryptocurrency in the blockchain space, has experienced significant growth since its inception. Known for its decentralized oracle network, Chainlink has gained widespread attention from investors. We’ll guide you through easy, fast, and secure methods to buy and store Chainlink (LINK). For simplicity, we believe that Coinbase is the best platform to buy Chainlink. Why Coinbase?

Coinbase is trusted by BlackRock and has a Deposit protection.
Coinbase has super low fees and is almost an industry leader in this category.
Coinbase has the best customer support in the industry according to our tests.

The following table explains why Coinbase is the best choice for buying Chainlink.

Exchange
Rating
Fees	0,15%	0,10%	0,99%	1,5%	1%	1%
Cost per $1,000	$1,50	$1	$9,90	$14,90	$10,00	$10,00
Cost per $100,000	$150	$100	$990	$1,500	$1,000	$1,000
Transfer to external wallet
Security
Details	Trusted by BlackRock	Super low fees	Big portfolio	Secure but expansive	Fast verification	Variety of Memecoins
Link

Buy Chainlink on Coinbase

Coinbase is a regulated crypto custodian with licenses worldwide. This means Coinbase meets strict security standards and is monitored by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase with the custody of Bitcoin for its Bitcoin ETFs. This highlights the extremely high level of security Coinbase offers.

While you have the flexibility to use external wallets, Coinbase provides a highly secure environment for storing your Chainlink (LINK). Unlike some platforms that impose delays on withdrawals, Coinbase processes them immediately, giving you quick access to your funds.

Cost-effectiveness is another advantage. Coinbase’s fees are remarkably competitive at 0.15%, significantly lower than the industry average. To put this into perspective, Bison, a provider affiliated with the German stock exchange, charges a hefty 1.5% for cryptocurrency transactions.

Coinbase prioritizes user security with features like two-factor authentication, adding an extra layer of protection to your account. They also offer customer support, typically responding within 24 hours. (We can personally vouch for their support team’s efficiency and helpfulness.)

The platform itself is designed with user-friendliness in mind. Its intuitive interface caters to both novice and experienced traders. And with dedicated apps for Android and iOS devices, you can manage your Chainlink portfolio and execute trades conveniently from anywhere.

Coinbase is one of the most popular and user-friendly platforms to buy Chainlink (LINK). Here’s how you can buy Chainlink easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

Before you can start buying Chainlink, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You will be prompted to enter your name, email, and a password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires you to verify your identity to comply with regulatory requirements. You will need to upload a government-issued ID and provide personal details like your address and date of birth. This process may take a few minutes to complete.

Step 3: Add a Payment Method

To buy Chainlink, you need to link a payment method. Coinbase supports several options, including:

Bank Account: Link your bank account for lower fees and higher transaction limits.
Credit or Debit Card: Ideal for faster purchases, though fees are typically higher than bank transfers.
PayPal: Coinbase also supports PayPal for deposits and withdrawals in certain countries.

Step 4: Buy Chainlink

Once your account is set up and your payment method is linked, you’re ready to buy Chainlink!

On the Coinbase dashboard, navigate to the “Buy/Sell” section.
Select Chainlink (LINK) from the list of available cryptocurrencies.
Enter the amount of Chainlink you wish to purchase, either in your local currency (e.g., USD, EUR) or LINK.
Choose your payment method (e.g., bank account, credit card).
Review the transaction details, including any fees, and click “Buy Now” to complete the purchase.

Step 5: Store Your Chainlink Securely

After purchasing Chainlink, it will be stored in your Coinbase wallet. For added security, it’s recommended to transfer your Chainlink to a personal wallet (such as a hardware wallet from Ledger or Trezor) rather than keeping it on Coinbase, which is an online exchange.

Benefits of Buying Chainlink on Coinbase:

User-Friendly Interface: Coinbase is known for its intuitive design, making it easy for beginners to navigate.
High Security: Coinbase uses industry-standard security measures such as two-factor authentication (2FA) and insurance for funds held in the Coinbase Vault.
Wide Payment Options: Coinbase supports multiple payment methods, including bank transfers, credit cards, and PayPal.

Buy Chainlink on Binance

Binance is one of the largest and most popular cryptocurrency exchanges in the world, offering a secure and user-friendly platform. Until recently (May 2019), it wasn’t possible to directly purchase Bitcoin using Euro (EUR) or US Dollars (USD) on Binance. However, this has now changed, making it easier for users to buy Bitcoin with a credit card or trade it using other cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Binance offers the option to verify your identity, though it’s not mandatory. If you complete the verification process, your daily withdrawal limit increases to 100 BTC. Without verification, the daily limit is 2 BTC, but you can still access all other platform features.

Step 2: Buy Bitcoin with a Credit Card

To buy Bitcoin via credit card on Binance, follow these steps:

Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and select “Buy with Credit Card.”
Select Your Payment Currency: Choose Bitcoin (BTC) and your payment currency (Euro or USD).
Enter Your Personal Information: Complete the fields with your details.
Verify Email and Phone Number: You’ll be asked to verify both your email and phone number using a verification code.
Proceed to Payment: After verification, click “Next” to enter your credit card details.
Upload ID for Verification: To complete the process, you’ll need to upload the front and back of your passport for identity verification.

Important Notes Before and After Your Purchase

Bitcoin Price Fluctuation: The displayed Bitcoin amount is based on the current price and may change. If the price fluctuates by more than ±2.5%, you’ll need to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
Transaction Fees: Simplex charges a 3.5% fee per transaction, or a minimum of USD 10, whichever is higher.
Transaction Limits: The daily limit for purchases is USD 20,000 per user, with a monthly limit of USD 50,000. The minimum transaction amount is USD 50.
Track Payment Status: After your purchase, you can track the payment status and deposit history through Simplex.

Step 3: How to Trade Bitcoin on Binance

If you already have cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), or Tether (USDT), you can deposit them into your Binance account and trade them for Bitcoin (BTC). Here’s how to exchange Ethereum (ETH) for Bitcoin (BTC):

Deposit Ethereum (ETH): If you have Ethereum on another exchange or wallet, you can directly send it to your Binance Ethereum wallet address. If you don’t have Ethereum yet, purchase it on a platform like Litebit and provide your Binance Ethereum wallet address for the transfer.
Access the Deposit Section: Once logged in, click “Funds” in the navigation bar and then select “Deposit.”
Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You’ll see your unique Ethereum wallet address for the transfer.
Exchange Ethereum for Bitcoin: Once your Ethereum is deposited in your Binance account, trade it for Bitcoin by selecting “ETH/BTC” in the “Markets” tab and placing your order.

Additional Trading Tips

Leverage Trading: Binance offers margin trading with leverage, allowing advanced users to amplify their trades and maximize potential profits (with higher risk). Make sure you fully understand leverage before using this feature.
Security: Enable two-factor authentication (2FA) for extra protection. Binance provides robust security features such as cold storage for crypto funds and insurance coverage in case of major losses.

Buy Chainlink on Kraken

Kraken is a regulated crypto custodian with licenses across various global jurisdictions. This means Kraken adheres to stringent security standards and is overseen by financial authorities, ensuring the safety of your assets. Trusted by institutional investors, including major entities in the financial world, Kraken is known for providing a highly secure environment for cryptocurrency custody.

Kraken allows the flexibility to use external wallets, but it also offers a secure platform for storing your Bitcoin. Unlike some exchanges, Kraken processes withdrawals quickly, giving you access to your funds right away.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform’s trading fees are structured in a tiered system, with the lowest fees being 0.16% for makers and 0.26% for takers, which are among the lowest in the industry.

User security is a top priority at Kraken, offering features such as two-factor authentication (2FA) and advanced encryption to protect your account. The platform also provides responsive customer support, ensuring assistance is available whenever needed.

Kraken is designed to be user-friendly, catering to both beginners and advanced traders. With an intuitive interface and mobile apps for both Android and iOS, you can easily manage your Bitcoin portfolio and trade on the go.

Kraken is one of the most trusted and secure platforms to buy Bitcoin (BTC). Here’s how you can buy Bitcoin safely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying Bitcoin, create an account on Kraken’s platform. Visit Kraken.com and click “Create Account.” You will need to provide your name, email, and a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires you to verify your identity in compliance with financial regulations. You will need to upload a government-issued ID and provide personal information, such as your address and date of birth. This verification process is essential for security and may take a few minutes.

Step 3: Add a Payment Method

To buy Bitcoin, you must link a payment method. Kraken supports several options:

Bank Account: Ideal for lower fees and higher transaction limits.
Credit or Debit Card: Perfect for faster purchases, though fees may be slightly higher than bank transfers.
Wire Transfers: Available for larger purchases in several countries.

Step 4: Buy Bitcoin

Once your account is set up and a payment method is linked, you’re ready to purchase Bitcoin:

On the Kraken dashboard, navigate to the “Buy Crypto” section.
Select Bitcoin (BTC) from the list of cryptocurrencies.
Enter the amount of Bitcoin you’d like to purchase, in either your local currency (USD, EUR) or BTC.
Choose your payment method (bank account, debit card, etc.).
Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your Bitcoin Securely

After purchasing Bitcoin, it will be stored in your Kraken wallet. For added security, it’s recommended to transfer your Bitcoin to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

Benefits of Buying Bitcoin on Kraken:

User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, perfect for beginners.
High Security: Kraken uses top-tier security features, including two-factor authentication (2FA), and provides insurance for funds held in its vault.
Competitive Fees: Kraken offers low, competitive fees, making it an attractive choice for both small and large transactions.
Multiple Payment Options: Kraken supports various payment methods such as bank transfers, credit cards, and wire transfers to accommodate diverse user needs.

Buy Chainlink on Kriptomat

About Kriptomat

Unlike established brokers like eToro, Kriptomat is a relatively young crypto exchange, but it is no less trustworthy. Kriptomat allows you to buy over 30 cryptocurrencies directly using Euro, USD, and other fiat currencies, with the ability to transfer them directly to an external wallet. However, it is important to note that trading is currently restricted to Europe, so users from other regions, such as the USA, cannot access the platform.

Kriptomat focuses on providing an easy-to-use and modern interface, making it perfect for beginners. The platform holds two licenses from the Estonian government, ensuring its legitimacy and trustworthiness.

Kriptomat offers a major advantage: it does not charge a price premium. Unlike other exchanges, Kriptomat’s purchase price reflects the spot price of Bitcoin. The platform only charges a small nominal fee for each transaction, and these fees are always transparently displayed during the purchase process.

Setting up Chainlink account on Kriptomat

First of all, you should know that Kriptomat adheres closely to the legal requirements of the European Union and therefore requires complete identity verification. To buy Chainlink (LINK) on Kriptomat, you first need to create an account. To do so, visit the official Kriptomat website at kriptomat.io and click the orange “Register” button. This will open a pop-up window where you’ll need to enter your first and last name, email address, and a password for your account.

Kriptomat will then send you an email with a confirmation link. By clicking the link, you’ll verify your account. Once verified, you can log in to your Kriptomat account using the credentials you just created. However, at this point, your registration is not yet complete.

Before you can buy Chainlink and access other features of the exchange, you need to enter and verify your phone number. Kriptomat will send you an SMS with a verification code, which you’ll need to enter on the website. However, the registration process isn’t finished yet. Due to strict EU guidelines, you still need to complete full identity verification. To start the process, simply click on the corresponding prompt (see screenshot).

A new pop-up will then open in which you must first enter your address (street, house number, city, country). You will also need to upload a photo or scan of your passport or ID card. Kriptomat provides a quick and easy solution for this. You can continue the registration process directly on your smartphone. Just click on the link, and Kriptomat will send you an SMS with a link to continue the process.

You can then take a photo of your ID (front and back) using your smartphone and upload it immediately. The same applies to the final step. To verify your identity, Kriptomat will request a selfie. You can allow Kriptomat to access your smartphone’s camera and take a selfie directly.

If you want to buy cryptocurrencies via SEPA bank transfer, you will also need to add a bank account to your Kriptomat account in the last step. Once this is done, you can deposit funds via SEPA and then use your “credit” to buy Chainlink (LINK) and other cryptocurrencies. If you prefer using Neteller, Skrill, or a credit card, this step is not required. Once you’ve completed the registration process as described above, you will be able to access the following purchase limits. There’s no distinction between different verification levels, as you’ve already completed full verification.

Buy Chainlink on Kriptomat

Buying Chainlink on Kriptomat is very simple and intuitive. First, go to the “Buy/Sell” tab (step 1) and then select the “Buy” tab (step 2). In the area that appears, you can select Chainlink (LINK) to buy it.

You can then choose from four different payment methods (step 3). While you need to add a bank account to your Kriptomat account for deposits via “EUR”, i.e., SEPA bank transfer, the other three options (credit card, Neteller, Skrill) allow you to make an immediate purchase without entering any additional data.

In the fourth step (see screenshot), you will simply need to enter the amount of Chainlink (LINK) you wish to purchase. After clicking “Buy Chainlink,” you will be shown the transaction fees for the order. To finalize the purchase, click “Confirm transaction.”

Kriptomat will then confirm your purchase and redirect you to your “My Wallet” section. Within a few seconds, your purchased Chainlink (LINK) will be displayed there. A detailed summary of the purchase process is also available in the following video tutorial:

Buy Chainlink at Anycoin

Anycoin is a popular cryptocurrency exchange platform that offers a simple and secure way to buy and sell Chainlink (LINK) and other cryptocurrencies. It caters to both beginners and more experienced traders, providing an intuitive interface and a variety of features designed to make crypto trading easier and more secure.

Key Features of Anycoin:

User-Friendly Interface: Anycoin offers a straightforward and clean platform, making it easy for new users to start trading and for more experienced traders to access advanced features.
Wide Selection of Cryptocurrencies: Anycoin supports a range of cryptocurrencies including Chainlink (LINK), Bitcoin (BTC), Ethereum (ETH), and others, allowing you to diversify your portfolio with ease.
High Security Standards: Security is a priority for Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions. This ensures your crypto holdings, including Chainlink, are safe from external threats.
Low Fees: Anycoin aims to provide competitive fees for trading and transactions, making it an attractive option for those looking to minimize costs while trading digital assets like Chainlink (LINK).
Multiple Payment Methods: Users can purchase cryptocurrencies using various payment methods, including bank transfers, credit cards, and sometimes even PayPal, depending on their location.
Fast Transactions: Anycoin processes transactions quickly, allowing users to purchase cryptocurrencies, including Chainlink, without long delays. This quick access to funds is especially valuable for those looking to act swiftly in the market.
Support for Wallets: While Anycoin provides its own wallet to store your crypto assets, it’s also recommended to use your own personal wallet for added security. This can include hardware wallets or other secure storage options for Chainlink (LINK).
Dedicated Customer Support: Anycoin offers customer support to assist with any issues or inquiries that might arise during your experience on the platform.
Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your portfolio and execute trades on the go, including buying Chainlink (LINK).

How to Buy Chainlink on Anycoin:

Create an Account: Start by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Afterward, you’ll receive a verification email to confirm your account.
Verify Your Identity: Anycoin will ask you to complete a verification process to comply with regulatory requirements. This may involve submitting a government-issued ID and some personal information.
Link a Payment Method: To buy Chainlink, link a payment method to your account. Anycoin supports various payment options like bank transfers, credit cards, and PayPal.
Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select Chainlink (LINK), and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
Store Your Chainlink Securely: After buying Chainlink, it will be stored in your Anycoin wallet. However, for extra security, it’s recommended to transfer your crypto to a personal wallet (e.g., a hardware wallet) for safe storage.

Benefits of Using Anycoin:

Simple and Easy to Use: With its user-friendly interface, Anycoin makes cryptocurrency trading accessible to everyone, including beginners.
Secure Platform: Advanced security measures, including 2FA and SSL encryption, help ensure your funds, including Chainlink (LINK), are safe.
Variety of Cryptocurrencies: You can easily buy Chainlink and other major cryptocurrencies on Anycoin.
Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for crypto trading.
Quick Transactions: The platform processes transactions quickly, providing fast access to your purchased assets like Chainlink (LINK).

Buy Chainlink at ByBit

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as Chainlink (LINK), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by experienced traders, especially those interested in leverage trading and derivatives.

Key Features of Bybit:

Advanced Trading Tools: Bybit offers a variety of professional trading tools including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting and technical analysis features to help users make informed decisions.
High Liquidity: Bybit is known for its high liquidity, which is essential for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and long-term investors.
Leverage Trading: One of Bybit’s standout features is leverage trading. Users can trade with leverage, enabling them to amplify their positions and increase potential profits. However, it’s important to understand the risks of using leverage.
User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders. The platform’s clean design helps users easily navigate various trading tools.
Security Features: Bybit emphasizes security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses during extreme market conditions, ensuring the safety of user funds.
Mobile App: Bybit offers mobile apps for both Android and iOS, allowing users to trade and manage their crypto assets on the go. The mobile apps mirror the desktop platform’s features, providing flexibility for traders.
Fast Transactions: Bybit is known for quick and seamless transactions, with one of the fastest order execution speeds in the industry. This is crucial in volatile markets where speed is essential.
Referral Program: Bybit has a referral program where users can earn rewards by inviting others to join the platform, a great way to earn extra income while helping expand the community.
Customer Support: Bybit provides 24/7 customer support to assist users with any issues or questions. The platform offers live chat, email support, and other communication channels to ensure users receive prompt help.

How to Buy Chainlink on Bybit:

Create an Account: Start by visiting the Bybit website and clicking “Sign Up.” You will need to provide your email address and create a secure password. After registering, you will receive a verification email to activate your account.
Verify Your Identity: To comply with regulatory standards, Bybit may ask you to complete a KYC (Know Your Customer) verification process. This involves uploading a government-issued ID and providing personal information.
Deposit Funds: Once your account is set up, fund your account with cryptocurrency. Bybit accepts deposits in multiple cryptocurrencies, including Chainlink (LINK), Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). Deposit the crypto assets directly into your Bybit wallet.
Buy Chainlink: To buy Chainlink (LINK) on Bybit:
- Navigate to the “Spot” trading section on the platform.
- Select Chainlink (LINK) as the cryptocurrency you wish to purchase.
- Choose your trading pair (e.g., LINK/USDT).
- Enter the amount of Chainlink (LINK) you wish to purchase and review the transaction details.
- Confirm the purchase to complete the transaction.
Store Your Chainlink: After purchasing Chainlink (LINK), you can store it in your Bybit wallet. However, for added security, it’s recommended to transfer your Chainlink to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor), for safe storage.

Benefits of Using Bybit:

Advanced Trading Options: Bybit is ideal for traders looking for advanced features like margin trading, leverage, and a wide range of crypto assets.
Fast Execution and High Liquidity: Bybit offers quick order execution and deep liquidity, making it an excellent choice for active traders in fast-moving markets.
Security: Bybit prioritizes user security with features like two-factor authentication (2FA), cold storage, and an insurance fund for extreme market conditions.
Mobile Trading: With Bybit’s mobile apps, users can trade and monitor their portfolios from anywhere.
Competitive Fees: Bybit offers low trading fees, making it an attractive platform for crypto traders.
24/7 Support: Bybit provides around-the-clock customer support to resolve any issues or concerns quickly.

Best Chainlink Wallet: Electrum

When using a desktop wallet, we have had very good experiences with the Electrum Wallet. Here’s how to download and use it to store your Chainlink. First, go to the official site and download the wallet (click!). Click on the link to visit the website and download the wallet. Scroll down and click the button “Download Electrum“.

Now, you will be directed to a page where you can choose the appropriate wallet for your operating system. If you’re using Windows, click on “Windows Installer” (see red arrow in the image). For Android, select the appropriate installer.

Once the file is downloaded, click the setup file, select the directory for installation, and click “Install.” The installation should take no longer than 2 minutes. Once completed, click “Close.”

Congratulations, your wallet is now installed! To start the Chainlink Electrum Wallet, double-click the Electrum icon on your desktop. The software will ask you how you want to connect to a server, and as a beginner, we recommend selecting “Auto connect.”

Electrum will detect that you haven’t created a wallet yet. Simply click “Continue,” and you can name the wallet. You’ll then be able to choose from different wallet types. If you’re a beginner, select “Standard wallet,” which is completely free and works very well.

For extra security, you can opt for a “Wallet with two-factor authentication” using the Google Authenticator app, which costs a small fee. This adds a layer of security to your wallet.

Click “Next” and create your wallet’s seed phrase, which is your key to accessing the wallet if you lose your password or your computer breaks. Keep this seed phrase safe, ideally on paper.

Next, you will need to re-enter the seed phrase for confirmation. Then, create a strong password. The password is used every time you open the wallet, so make sure to keep it safe.

Now, you’re ready to use the Electrum wallet. Your Receiving Address will be in the top right corner under “Receive.” Copy this address and use it for any transfer or purchases.

If you have questions, feel free to leave a comment, and we will be happy to help!

Buy Chainlink: A Comprehensive Guide on How to Buy LINK – Best Exchanges & Brokers