A Step-by-Step-Guide on how to buy LINK (LN)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive your first 10$.
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. LINK (LN) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find LINK (LN) As soon as your deposit has been approved, you will now have access to your funds and you can commence purchasing and trading. To purchase (LN) LINK on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”. In order to spot LINK (LN), you will need to put the shortname of the coin (LN) into the search box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “LN/BTC” to go on.
Step 4 – Buying LINK (LN) Once you have found LINK (LN), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our Limit Order. The “Price” field will be filled with the most recent rate (LN) LINK was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of LN you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of LN. If you are happy, click on “Buy LN”. Your order will be filled as soon as a Vendor sells their LN for the price you introduced.
Step 5 – Withdraw (LN) LINK Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your (LN) LINK, go to the tab called “Funds” and click on “Withdraw”. (LN) LINK can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LN) LINK by using the provided drop-down box. Drop in the amount of (LN) LINK you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.