Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
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 several exchanges to help you buy, sell and trade LINK in Ireland.
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:
There are many exchanges that let you buy LINK tokens directly with fiat currency (EUR, for example). You can also buy cryptocurrency such as Bitcoin (BTC) or Ethereum (ETH) and then trade that currency for LINK tokens. The basic process you’ll need to follow is outlined below:
You’ll need to provide your name, email address, phone number and proof of ID to register for an account. It’s also a good idea to setup two-factor authentication to provide an extra level of security.
The process you’ll have to follow to deposit funds into your account varies depending on the cryptocurrency exchange you choose. For example, Binance users can click on “Funds” and then “Deposit” in the menu at the top right of the screen.
The last step is to buy LINK with fiat, or to exchange BTC or ETH for LINK, on your chosen exchange. Once again, the process varies depending on the exchange you choose, but when trading on Binance you’ll need to do the following:
Find the currency pair you want, such as LINK/ETH. Enter the amount of LINK you want to buy in the box provided and choose the best available market price or your own limit. You can then review the total cost of the transaction and if you’re happy to proceed, click “Buy LINK”.
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:
Smart contracts are self-executing contracts executed on decentralised infrastructures and with the terms of the agreement written into cryptographic code. Because they exist on decentralised 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 decentralised 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 include connecting smart contracts with all manner of essential information, such as the following:
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 is an ERC20 token on the Ethereum blockchain.
The total supply of the LINK tokens is 1 billion.
If you’re looking for ways to gain exposure to bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
Spend 10 different cryptocurrencies anywhere Visa is accepted with the Wirex Crypto Card and earn rewards.
If you want to buy the Loki (LOKI) privacy cryptocurrency but don’t know where to start, find out how and where in this handy guide.
Want to learn how to buy Groestlcoin in Ireland? In our step-by-step guide, we’ll show you where to buy or sell it.
This guide will show you step-by-step instructions on how to buy the SafePal (SFP) token as well as a list of exchanges you can trade it on.
An in-depth review of one of the most popular lending and interest earning platforms in cryptocurrency.
Nexo is a cryptocurrency lending and borrowing platform that offers high interest rates on cryptocurrencies, stablecoins and fiat. We review the features available and look at how safe your funds would be on the platform.
What affects the value of Ethereum (ETH) and how might the price of ETH fluctuate in the year ahead? Find out in this comprehensive guide.
A complete review of the AscendEX exchange, covering trading and DeFi features, associated fees, regulation and security. Is AscendEX right for you?
Axie Infinity is an RPG game that is currently dominating the NFT sector. Discover what Axies are, what makes them unique and how you can earn money simply by playing.
