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coinbase chainlinkHow to Buy Chainlink LINK in 2 minutes 2023 Updated


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Hi, I’m Nate Martin, and we’re going to go over how to buy Chainlink’s crypto currency LINK in today’s 2...minute...tutorial. Chainlink is a network of oracles which are sort of bridges between the blockchain and the real world. You see, blockchains can’t access real world data securely by themselves, and that’s where chainlink comes into play. It supplies secure, reliable data feeds of real world information, such as price action, weather reports, and any other real world events to any blockchain that needs it. Chainlink’s token, LINK, is designed to incentivize participants on the Chainlink network to provide this data. Depending on the amount of LINK you’re planning to buy, you can choose to store it on either a hardware wallet or a software wallet. If you’re buying a small amount of LINK, then a free software wallet like Exodus or Coinomi will do just fine. If, on the other hand, you’re planning on accumulating larger amounts, it’s safer to store your LINK on a dedicated device known as a hardware wallet. Our recommendation for a hardware wallet that can store LINK would be either the Ledger Nano X or the TREZOR Model T. Both wallets can store over 1000 cryptocurrencies alongside LINK and are highly reputable. While the Model T is considered more secure, the Nano X can connect to your mobile phone which is a great advantage. Once you have your wallet ready to go, you’ll need to find your LINK address. LINK is built on the Ethereum network, so its address will look just like an Ethereum address – a long sequence of random letters and numbers, which starts with “0x”. Finally it’s time to find a place to buy LINK. Binance, Kraken and CEX all support many countries worldwide, have a good reputation, and offer LINK through an instant-buying option which is beginner friendly – just look for the “buy crypto” tab on their navigation bar. And if you’re an advanced trader you can save on fees by using their advanced trading platforms. After buying LINK, make sure to withdraw your coins to your wallet by sending them to the LINK address we talked about before. This way you keep full control of your coins. That’s today’s 2 minute tutorial, for a complete list of recommended wallets and a more in-depth step by step guide and explanation about Chainlink, make sure to check out the links in the description below. If youve enjoyed this video, leave us a thumbs up and make sure to subscribe and click the notification bell so you dont miss a review, news update or the clearest information about Bitcoin and cryptocurrencies anywhere. Buy Chainlink LINK instantly here: Software wallets Exodus - Coinomi - Hardware wallets Ledger Nano X - Trezor Model T - Buy Chainlink LINK on exchanges Binance - Kraken - Cex.io - 0:00 Start 0:14 What is Chainlink? 0:44 Chainlink Wallets 1:24 LINK Address 1:38 Buy Chainlink LINK on exchanges 1:59 Withdraw LINK Read our in-depth guide here: Join our 7-day Bitcoin crash course absolutely free: Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel: Get the latest news and prices on your phone: iOS - Android - See anything we havent covered? Leave us a comment in the comment section below