How to Buy Chainlink in 2023

This comprehensive guide will disclose the best platforms to purchase Chainlink network, where to store it safely, historical information, the fees you’ll pay, and alternative ways you can make money with Chainlink. Currently, our top picks for the best cryptocurrency exchanges to invest with are Binance, Coinbase, and eToro. Continue reading to learn more about them.

Best Exchanges to Buy Chainlink

	Partner Name Label	Label	CTA	Disclaimer
	1. eToro	4.8	Visit Websiteetoro.com					This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, does not fall under EU protections & is not supervised by the EU regulatory framework. Investments are subject to market risks, including the loss of principal.
	2. Pepperstone	4.5	Visit Websitepepperstone.com					Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.9% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
	3. Eightcap	4.4	Visit Websiteeightcap.com					CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
	4. Coinbase	4.2	Visit Websitecoinbase.com
	5. Changelly	3.7	Visit WebsiteChangelly.com
	6. Trading 212	4.0	Visit Websitetrading212.com					CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eToro - The Overall Best Way to Buy Chainlink

The top pick for buying LINK is eToro due to its offering of convenient services for beginners. The platform provides a learning section, multiple deposit options, and a demo account. Here’s a quick overview of eToro:

Best Platforms to Buy and Trade Chainlink

Since Chainlink is a popular cryptocurrency you can trade or buy it on the top platforms. This section highlights the best cryptocurrency exchanges and brokers that offer premium services for their clients.

Buy Chainlink Using Cryptocurrency Brokers - The Easiest Way

Cryptocurrency brokers are apps or websites that let you trade LINK with other investors. These platforms often have services like copy trading, staking, and an educational section. Below you’ll find the best overall options that offer easy solutions for acquiring Chainlink. Also, we’ll give a brief overview of each platform.

eToro Disclaimer : This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

eToro

Our top choice for buying Chainlink is via eToro as they offer a premium service for beginners. They also include a free learning course on how to trade using their platform.

Coinbase

We highly recommend Coinbase as they are known for having the best service for investing in various cryptocurrencies. Moreover, you can earn cryptocurrencies for free via the learning section. Afterward, you can sell the coins for LINK. Create coinbase account and start your journey.

Crypto.com

Crypto.com is becoming the top platform to trade with its fast adoption and commitment of over $1 billion in marketing. The established brand offers a debit card with cashback rewards, so you can use it for everyday banking along with investing in LINK.

Buy Chainlink on Etoro: Step-By-Step Guide

Step 1: Create an Account

Sign up to eToro through the official eToro website by pressing “Start Investing”. Then write your username, create a password, and accept the terms of service. Click next, and eToro will send a verification link in your inbox that you’ll need to open.

Step 2: Verify Your Identity

Open your dashboard and go to account settings. Fill out your personal details and verify your identity.

Step 3: Deposit Funds

Now transfer money into your account from your bank account, Paypal, or debit card.

Step 4: Buy Chainlink

Open the cryptocurrency market tab and search for Chainlink or LINK. Click the coin, which sends you to the trading page. Then input how much fiat currency you want to convert to Chainlink.

Step 5: Send Chainlink to a Wallet

Enter the eToro app and click on Chainlink. Now you’ll see your invested amount in LINK with an option to transfer to your wallet. Specify how much you want to withdraw and complete the transaction.

Best Wallet to Buy and Store Chainlink - LINK Wallet Comparison

After you’ve bought Chainlink, you’ll want to store them in a cryptocurrency wallet. This is because hackers often target cryptocurrency exchanges, and your funds may get stolen. Therefore, storing them in a hot or hardware wallet is often safer if you keep your seed phrases safe. Below you’ll find the top three wallets that can store LINK and other crypto assets.

Buying LINK Using CFDs - Best for Trading

Cryptocurrency brokers are the main platforms that issue CFDs for coins like Chainlink. These are derivative products, which means you won’t own real LINK tokens. However, buying LINK CFDs is often easier than using an exchange, so this option is ideal for beginners. Below are our top three brokers for investing in Chainlink through CFDs.

Pepperstone

Pepperstone is the best option for beginners thanks to its simplistic trading processes and educational section. You'll have access to a range of other markets and a demo account.

Plus500

Plus500 is a reliable broker offering Contract for Differences on various cryptocurrencies. They have a user-friendly demo account, so you can trade LINK without risk. Afterward, you may deposit money and invest once you have a good grasp of trading.

Eightcap

This Australian broker has Chainlink CFDs and advanced trading software for experts. However, beginners can use Eightcap’s basic exchanging section for their LINK investing needs. Also, they offer an in-depth learning section, perfect for those looking to trade but have little experience.

Best Apps for Buying Chainlink - Most Convenient

These are the best cryptocurrency exchanges that offer an interactive app for buying Chainlink. They are free to download and available in most regions worldwide.

Buy LINK on eToro App: Step-By-Step Guide

Step 1: Sign up for an Account

Install eToro on your smartphone and go through the sign-up process. You’ll need to provide a unique username and password. Then accept eToro’s terms of services and create an account.

Step 2: Provide ID

Go to your account settings and verify your identity by uploading a picture of your passport, ID card, or driver’s license. Also, you’ll need to send a utility bill, phone bill, or bank statement to verify your physical address.

Step 3: Fund Your Account

Now, deposit money into your eToro account.

Step 4: Invest in Chainlink

Search for Chainlink on the app and click “Trade”. Next, choose how much money to convert to LINK and open the order.

Buy LINK With Exchanges - The Cheapest Way

You’ll want to use an exchange to purchase Chainlink cheaply because they offer favorable fee rates. Binance, KuCoin, and Kraken are by far the most cost-effective platforms as they have no costs for depositing and overnight fees. Also, they have multiple trading pairs such as USDT/LINK, BTC/LINK, ETH/LINK, and more.

Buying LINK on Binance: Step-By-Step Guide

Step 1: Register for an Account

Sign up to Binance via smartphone app or desktop. Provide the information Binance requests and verify your identity with a physical address.

Step 2: Fund your Account

Binance offers multiple ways to add money to your account - debit cards, transfers from bank account, e-wallets, and cryptocurrency.

Step 3: Open the Trading Interface

Hover over the trading tab, and select “Spot”. This trading interface has better fee rates than using the basic convert section.

Step 4: Finalize the Trade

Finally, type in the amount you’ll pay for each LINK token and the amount of currency to exchange. Review the trade and click the green button to complete the order.

Step 5: Confirm the Transaction Using the Blockchain Explorer

You can verify transactions made on the blockchain using websites like Etherscan, Blockchair, and BscScan. However, you will not see this information when trading through an exchange.

Buy LINK Using Decentralized Exchanges (DEX) - The New Way

DEXs (Decentralized exchanges) are the new way of investing and trading coins. They use liquidity pools to provide trade volume and do not require registering for a new account. However, you will need to connect a compatible crypto wallet to the platform, and fees can vary from cheap to very expensive.

Buying Chainlink on PancakeSwap: Step-By-Step Guide

Step 1: Open the App and Connect Your Wallet

Open the PancakeSwap dApp and press the “Connect Wallet” button at the top right of the screen. The app is compatible with the most popular wallets such as Metamask, Binance Wallet, Coinbase Wallet, Trust Wallet, and more.

Step 2: Search for Chainlink

The swap page features two sections - the coin to sell and the coin to acquire. In the first part, select the coin you have in your crypto wallet. In the next section, search for Chainlink and press the first option.

Step 3: Exchange Your Coins

Now, trade your coins by pressing the swap button, and your wallet will wait for you to confirm the transfer. Agree with the trade if you accept the slippage amount.

Can You Buy LINK Using P2P Services?

Unfortunately, there are no premium P2P platforms that offer buying processes for LINK.

Can You Buy LINK Using Other Trading Platforms?

Chainlink is an established cryptocurrency that is available to purchase on most platforms. Below you’ll find out where you can invest in LINK, along with the expected fees.

What Is the Difference Between Buying Chainlink and CFDs?

When deciding whether to buy Chainlink or invest in CFDs, buying real coins is the preferred method because you have full control of your investment. You can withdraw it to a wallet, store it long-term, or spend it on products and services.

On the other hand, with CFDs, you will not own LINK and be buying into a derivative product instead. This means you must trust the platform to provide a fair service with your investment. However, CFD brokers are often easier to use, and liquidity is not an issue.

Best Ways to Buy Chainlink

There are many options catering to different kinds of investors, here's a rundown.

Buy Instantly with Online Banking - The Fastest Way

Coinbase Pro is the best platform for online banking as they have fast deposit speeds and popular trading pairs for LINK.

Buy with PayPal - The Safest Way

There is no option buying Chainlink through PayPal, but you can use it as a deposit method on eToro. Afterward, you can purchase LINK using their trading interface.

Buy Using a Debit Card - The Cheapest Way

To buy LINK cheaply via debit card, you’ll want to use it as a deposit method and avoid instant buy sections. Kraken is the optimal exchange for investing in Chainlink with your bank card.

Buy Using a Credit Card

Credit cards are riskier to use since you are borrowing funds to purchase a volatile asset. Nevertheless, you can use Crypto.com for your Chainlink buying needs with this payment method.

Best Platforms to Buy Chainlink in Other Countries

Below you’ll find the best platforms to use in each country. Since regulations differ between regions, exchanges or brokers may not have a license to operate there, so the top options will be diverse.

What Are the Fees When Buying Chainlink?

Here are the fees for using eToro, Plus500, and Binance if you bought $1,000 worth of LINK and held for 30-days.

Cheapest Way to Buy LINK

We’ve compared the top exchanges based on their fee structures and found the options below to be the cheapest.

Fastest Way to Buy LINK

If you’re in a hurry, these brokers and exchanges provide instant buy sections and convenient interfaces for acquiring Chainlink quickly.

eToro Disclaimer : This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

How to Buy Chainlink Anonymously?

Perhaps anonymity is a requirement for buying LINK since you want to keep your investments private. Then a decentralized exchange would be the ideal choice since there is no registration process, and you only need to connect a crypto wallet. They function by using smart contracts and are not owned by a singular entity.

How to Buy Chainlink Without Registration or KYC?

You can purchase LINK without a KYC using KuCoin. However, your account will have restrictions like withdrawal limits and only crypto deposit options.

How to Buy Chainlink Without Verification?

To acquire Chainlink without identification, you can use a decentralized exchange. They all work similarly, so you can use these steps as a guideline:

• Step 1: Open the decentralized exchange

• Step 2: Connect your crypto wallet

• Step 3: In the swap section, choose the coin you have and LINK as the coin to acquire.

• Step 4: Write how much crypto to swap for LINK.

• Step 5: Complete the trade by confirming the transaction with your crypto wallets.

Can You Buy Chainlink Offline?

No, you cannot buy Chainlink offline as you need an internet connection to trade.

Should You Buy or Sell Chainlink?

Chainlink is a promising project worth investing in due to its real-world use cases. If you want to learn more about the project, here are some pros and cons.

Do You Need to Pay Tax on Chainlink in the US?

Yes, you will need to pay taxes on crypto profits if you live in the United States. However, the amount varies depending on how long you hold as the US has short and long capital gain tax. For example, if you hold for at least a year, you’ll pay between 0% to 20%. However, with short-term holdings, you may be subject to a 10% to 37% tax, depending on your income bracket.

Since taxes vary between states, you should visit your region's government website to learn the exact taxing process.

Chainlink Price Prediction: What Is the Future of LINK?

Now we’ll explain what can impact the price of LINK and the potential future of the coin. Here’s how the cryptocurrency is currently performing:

What Impacts Chainlink Price?

Several factors can swing Chainlink’s price, here are the main aspects to consider:

• Regulation: Laws and regulations are becoming stricter, making it harder for cryptocurrencies to become adopted. This negatively affects LINK as fewer investors have buying opportunities in the coin.

• Marketing: How LINK gets marketed plays a huge role since more investors get introduced to the project. Unfortunately, Chainlink hasn’t been doing the best job of getting widespread adoption and has been focusing mainly on partnerships.

• Use-cases: Real-world use-cases are essential for Chainlink’s growth. They are the largest oracle cryptocurrency securing billions of dollars on the blockchain, giving it tremendous value.

• Competition: Since Chainlink’s creation in 2017, there have been several oracle cryptocurrencies that aim to gain market share. This can impact LINK negatively if more people opt to buy another coin rather than Chainlink.

• Demand: For the foreseeable future, LINK will have a huge demand for securing money in smart contracts. Therefore, we can expect the price to grow as more money gets allocated to the blockchain.

Historical Chainlink Course: Major Milestones in the History of Chainlink

Here we can see how Chainlink has performed since its launch back in 2017.

Current Price Prediction News

If you’d like to learn more about the potential future of Chainlink’s value, here are some prediction news blogs:

Other Ways to Make Money With Chainlink in 2023

The following section outlines some alternative ways you can profit from Chainlink in 2023.

Stake Chainlink Using DeFi or CeFi

Staking is the process of allocating your coins in a pool to support the network. Each day participants receive interest on their coins as a reward. The best app for staking LINK is Crypto.com, thanks to their straightforward interfaces and process of locking in your tokens.

Buy Chainlink Using ETPs (ETFs & ETNs)

ETPs (Exchange-traded product) is a security that trades on the national stock exchange. The top provider for LINK ETPs is 21Shares.

Buy and Sell NFTs Using LINK

Chainlink is unique in that it allows users to create dynamic NFTs. This means your Non-Fungible Tokens can be updated. For example, changing the stats of a basketball player NFT. However, there are currently no platforms that allow you directly buy NFTs using Chainlink.

Buy Stocks and Shares in Companies Owning Chainlink

You may purchase Google (Alphabet Inc) stocks, which have partnered with Chainlink for its cloud services.

Chainlink Mining

Chainlink cannot be mined as it uses a DPoS and PoA network. However, you can run a node (oracle) that provides data for smart contracts and get paid every time your node gets used.

Use Chainlink Faucets

Faucets are rewards distributed to clients for completing various tasks on their platform. Coinbase is the ideal option since they provide faucets for different coins. Afterward, you can exchange the rewards for LINK tokens via the trading interface.

What Cryptocurrencies Are Similar to Chainlink?

Here are some other oracle cryptocurrencies you may want to look into.

Is It Still Worth Investing in Chainlink or Not?

Chainlink is definitely worth having in your crypto portfolio as it’s the largest oracle coin in the market, with a value exceeding $3 billion. Unlike most projects, LINK has real use-cases that are being utilized today by businesses. Recently, the development team has announced a total of $60 billion has been secured into smart contracts. As Chainlink progresses into Web 3.0, its services will be used more and, as a result, gain significant value.

As with all cryptocurrencies, Chainlink is highly volatile and a risky asset to buy. Therefore, you should do your own research and invest what you can afford to lose.

Information is provided for educational purposes only and is not investment advice. We do not offer financial advice, advisory or brokerage services. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions.

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