Kraken
With a market cap of $8,429,410,818.00 USD, Chainlink ranks as the 23rd largest cryptocurrency by market capitalization in the world. It operates on the Ethereum blockchain network. It is currently trading at a price of $11.90 USD per coin and trades using the cryptocurrency code LINK.
Chainlink is a highly volatile asset capable of major price swings in a single day. So before you buy Chainlink, make sure you understand these unique risks as well as its tax and legal status in Canada.
If you want to buy Chainlink in Canada or track its performance, keep reading to see the latest LINK price, market cap and trading volume along with a step-by-step guide on how to invest in LINK crypto in Canada.
| Current price | $11.90 |
|---|---|
| All-time high | $52.70 |
| All-time low | $0.15 |
| 1-year price change | ▼ -47.33% |
| Market cap | $8.43B |
| Market cap rank | #23 |
| Total volume (24h) | $286.20M |
| Circulating supply | 708,099,970 |
| Max supply | 1,000,000,000 |
| Network | Ethereum |
| Where to buy LINK | Buy on Kraken |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process of buying LINK can take as little as 15 minutes, and all you need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these five steps to learn how to buy Chainlink in Canada:
The easiest way to buy Chainlink is through a cryptocurrency exchange. Choose an exchange that offers low fees, a user-friendly platform or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada, or compare options below.
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
You can now exchange your funds for Chainlink. On beginner-friendly exchanges, this is as simple as searching for the coin name (Chainlink) or its crypto code (LINK), entering the CAD or LINK amount you want to purchase and clicking "Buy."
Consider transferring your LINK to help protect against hacks, scams, platforms going bankrupt and other risks of keeping crypto on an exchange.
We've curated a list of legitimate crypto exchanges below where you can buy Chainlink in Canada to help you compare deposit methods, supported fiat currencies and fees.
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
The recent Chainlink (LINK) price is $11.90 USD per coin, which is +0.91% higher than the previous day's trading price of $11.79 USD. Over the past 30 days, LINK's price has changed by -3.93%, from $12.39 USD to the current price of $11.90 USD. Compared to this time last year, Chainlink's price has seen a decrease of -47.33% to its value as a cryptocurrency.
Chainlink reached its all-time high of $52.70 USD on May 10, 2021, which was a +35,464.13% increase from its previous all-time low of $0.15 USD, which it reached on November 29, 2017. It has since landed at its current price of $11.90 USD.
Yes, you can buy Chainlink in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Chainlink—like the ones in our curated list above—and place a "buy" order. For example, Kraken supports Chainlink and is a registered crypto exchange in Canada.
Because Chainlink is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
Chainlink (LINK) is blockchain middleware that aims to connect smart contracts with real-time information from off-chain resources, such as banks and stock exchanges. This allows smart contracts to access data feeds, application programming interfaces (APIs) and traditional bank payment systems that operate outside the blockchain infrastructure.
There are a number of potential applications for this, such as connecting smart contracts with the following information: Central bank interest rates Current exchange rates Off-chain payment methods Shipment and customs data Sports scoresWeather forecasts For example, let's assume that there's an Ethereum smart contract that needs to make a payment through PayPal. There's currently no compatibility between Ethereum and the PayPal API, which is where Chainlink comes in. By linking the smart contract with the PayPal API, it can ensure fast and secure payment. LINK tokens are the cryptocurrency of the Chainlink network. When any company that operates a data feed, payment service or other useful off-chain API connects them to smart contracts through the Chainlink network, that company will receive LINK tokens in exchange.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy Chainlink with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload government-issued photo ID, and, in some cases, a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Chainlink with a credit card, you should be aware of the additional cost and risks involved.
For instance, credit card fees are usually higher than bank transfers or e‑Transfers. Some card issuers may even block cryptocurrency transactions or treat them as cash advances, which are more expensive. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy Chainlink, you could end up paying this:
If it took you three months to pay off your Chainlink purchase at a credit card interest rate of 19.99% APR, you would pay an additional $3.06 USD in interest on top of what you originally paid to buy Chainlink.
This example can help you compare the relative cost of buying Chainlink with a credit card versus other lower‑fee methods like Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Chainlink, or visit our guide on buying crypto with a credit card for more details.
Yes, it is possible to buy Chainlink with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy Chainlink with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Before deciding whether or not to invest in a cryptocurrency, it's important to understand the uses of the token and its associated platform. In the case of LINK, here are some things worth considering:
Some competitors include Band Protocol and API3. However, Chainlink are one of the strongest players in this space and have the greatest public exposure relative to their competition.
Given Chainlink's desire to integrate with real-world applications, partnerships will play a large role in the network's widespread adoption. Chainlink also has a keen eye on blockchain-based integration.
It is worth keeping an eye out for partnership announcements, past or future. You can view the entire Chainlink ecosystem on their webpage.
Chainlink was co-founded in 2017 by Sergey Nazarov, who began his career in tech by developing peer-to-peer marketplaces back in 2009. Steve Ellis, the other co-founder, previously worked with Nazarov on SmartContract, which ended up being a precursor for Chainlink.
As Chainlink is one of the first oracle networks able to communicate with off-chain data, it is used by a number of exchanges (centralised and decentralised) to access data and produce live price feeds. Examples of affiliated platforms include Synthetix and Compound.
There are two main options for storing Chainlink once you've bought it—keep it on an exchange or store it in your own personal wallet. Take a look at our guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your Chainlink on an exchange, you're vulnerable to risk if the exchange gets hacked or compromised in another way.
It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.
Like all crypto, Chainlink is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to other investments like stocks and ETFs.
Money you get from selling Chainlink can be treated as income or capital gains. That said, the CRA will tax crypto profits differently if you're a casual Chainlink buyer than if your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our guide to crypto tax in Canada.
Keep in mind that buying Chainlink can be risky. But if you decide to invest in Chainlink, look for a regulated crypto exchange in Canada that supports LINK, and make sure to store your crypto securely.
Once you've bought Chainlink, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Chainlink's price over time to decide whether to keep it on an exchange, sell it or move it to your wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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