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How to buy Chainlink

How to get started buying, selling and trading ChainLink (LINK) in the US.

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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. We’ve compared 20+ exchanges to help you buy, sell and trade LINK in the US.

Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.

Where to buy, sell and trade Chainlink

LINK tokens are available on a number of cryptocurrency exchanges around the world, but not all exchanges are created equal. Compare exchanges on fiat currency support, deposit method and cryptocurrencies offered:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro USA LLC Cryptocurrency Trading
Wire transfer, Online banking
USD

24
cryptocurrencies

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

63
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

125
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

41
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
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Compare up to 4 providers

Want to buy Chainlink? Follow these simple steps:

Step 1. Create an account on a cryptocurrency exchange that allows you to trade LINK

Depending on the exchange you choose, LINK can be traded with US dollars (USD), Bitcoin (BTC) or Ethereum (ETH). You’ll need to provide your email address and create a password to register for an account, while it’s also recommended that you set up two-factor authentication to provide an extra level of security.

Step 2. Deposit funds into your account

Many cryptocurrency exchanges only allow trading between cryptocurrencies and don’t allow the direct deposit of fiat currency, such as USD, so you’ll usually need to own or buy BTC or ETH first.

The exact process for depositing funds into your account varies depending on the exchange you choose.

Step 3. Buying LINK

The final step is to trade your chosen currency for LINK on the exchange. Once again, the exact process you need to follow may vary slightly depending on the exchange you choose.

Chainlink coins are ERC20 tokens that exist on the Ethereum network. As a result, they can be stored on any Ethereum-friendly wallet, such as the following:

  1. Visit the exchange platform you have LINK on. If you have LINK in a digital wallet, then you can choose an exchange platform from one of those listed above.
  2. Transfer your LINK to ETH or BTC through the platform.
  3. Continue to follow the specific instructions on the platform to complete your sale or trade.

Launched in 2017, Chainlink is an intermediate blockchain that aims to connect blockchains with other off-chain applications. One drawback of smart contracts is that because they’re based on information secured on a blockchain, and because of the way miners reach consensus around blockchain-based transaction data, they can’t interact with external resources such as data feeds and payment systems.

Must read:Smart contracts

Smart contracts are self-executing contracts performed on decentralized infrastructures and with the terms of the agreement written into cryptographic code. Because they exist on decentralized networks, such as a blockchain, smart contracts cannot be altered and therefore create a relationship that doesn’t rely on trust.

Chainlink acts as a fully decentralized oracle network to help connect smart contracts with external resources, off-chain payments and APIs. The potential applications for this are many and varied, and they include connecting smart contracts with all manner of essential information, such as the following:

  • Central bank interest rates
  • Currency exchange rates
  • Off-chain payment methods
  • Shipment and customs data
  • Sports scores
  • Weather 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.

  • Use. 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.
  • Potential. The value of the LINK token depends on the adoption and popularity of the Chainlink network. Take a look through the company’s white paper and consider the real-world applications for Chainlink to help you decide whether it could be a worthwhile investment.
  • Competition. While Chainlink was the first to announce a service of this kind, other platforms have launched similar technology and may compete for market share, such as Band Protocol, Augur and Bridge Oracle.
  • Future developments. Chainlink aims to help create new standards for an open source smart contract ecosystem, solve many of the problems inherent to smart contracts and help pave the way for real world blockchain adoption. It is an ongoing process without a fixed end goal, so Chainlink doesn’t publish roadmaps the way other cryptocurrency projects do.
  • Partnerships. It’s also worth checking for news of any commercial partnerships Chainlink has in place. For example, it’s already established a partnership with global financial messaging service provider SWIFT to develop the SWIFT Smart Oracle.

Frequently asked questions

What network is the LINK token on?

LINK is an ERC20 token on the Ethereum blockchain.

How many LINK tokens are there?

The total supply of the LINK tokens is 1 billion.

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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