Discover how to buy Chainlink (LINK) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Chainlink (LINK) is currently at
$12.1920
-$0.03800 (-0.31%)
Last updated on --.
How can I buy Chainlink on OKX?
Whether you're new to crypto or an experienced trader, you can buy Chainlink using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Chainlink
Select Chainlink and buy using your chosen method.
Step four
Receive your Chainlink
Confirm your purchase and store your Chainlink in your portfolio.
What's Chainlink?
Chainlink is like a bridge that helps computers talk to the real world. Imagine you have a toy that needs to know the weather to work. Chainlink helps by bringing weather information to the toy. It exists to connect smart contracts, which are like digital agreements, to real-world data, making them more useful and reliable. This helps in areas like finance, insurance, and more, where accurate data is crucial.
How can I buy Chainlink?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity by providing necessary documents as per U.S. regulations. 3) Fund your account using a bank transfer or credit/debit card. 4) Once your account is funded, search for Chainlink in the platform. 5) Place a buy order by entering the amount you wish to purchase and confirm the transaction.
Why do people buy Chainlink?
People buy Chainlink because it helps make smart contracts more useful by connecting them to real-world data. This is important for industries like finance and insurance, where accurate information is needed. Chainlink is widely adopted in the blockchain ecosystem, making it a key player in enabling decentralized applications. However, it's important to understand that while it has practical uses, it also comes with limitations like any technology.
Things to know before buying Chainlink in the United States
In the United States, cryptocurrencies like Chainlink are legal, but you must comply with regulations. This includes completing KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when setting up an account. Additionally, any gains from selling Chainlink may be subject to capital gains tax. If you earn Chainlink through staking or other means, it might be considered taxable income. Always consult a tax professional for guidance.
What are other ways to own Chainlink?
You can obtain Chainlink without buying it directly through various methods. Participate in airdrops, where free tokens are distributed, or join Learn-and-Earn programs that reward you for learning about crypto. You might also earn Chainlink by staking, which involves holding tokens to support network operations, or by providing liquidity in decentralized finance platforms. Each method requires effort and comes with its own risks, so research thoroughly before participating.
How can I store my Chainlink?
To keep your Chainlink safe, you can choose between custodial and non-custodial storage. Custodial storage means a platform like OKX holds your tokens, offering convenience but requiring trust. Non-custodial storage gives you full control using wallets. Hot wallets are online and easy to access, while cold wallets are offline and more secure. Always back up your wallet, keep recovery phrases safe, and consider proof of reserves to ensure your assets are protected.
Why should I buy Chainlink on OKX?
Learn more about the security measures keeping your Chainlink safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Chainlink (LINK)
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How to get Chainlink for free
Invite friends, earn rewards
See how you can get free Chainlink when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Chainlink grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Chainlink airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Chainlink
Take advantage of price fluctuations and trade your Chainlink for other cryptocurrencies.
Send Chainlink
Send your Chainlink anywhere, anytime with fast, low-cost transfers.
Spend Chainlink
Use your Chainlink to pay for goods, services, and experiences seamlessly.
Hold Chainlink
If you think your Chainlink will increase in value, you can hold onto it.
Sell Chainlink
Convert your Chainlink to cash quickly and securely.
How to buy Chainlink (LINK) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Chainlink LINK safely on a trusted exchange like OKX.
Choose the best exchange to buy Chainlink (LINK) depending on your individual needs. Factors to consider when picking the best place to buy Chainlink (LINK) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Chainlink. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Chainlink (LINK), as well as fiat withdrawal options.
This depends on the method you use to convert Chainlink (LINK) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.