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How to Buy Chainlink Crypto

23.03.2022

Are you wondering about what Chainlink crypto is and how to buy it?

The Ethereum-based Chainlink project aims to connect real-world data sources to blockchain protocols. It is the most widely used decentralized oracle network. The investor attention is high, and crypto enthusiasts are eager to buy LINK tokens as the Chainlink technology has secured its place in the industry and remains a standard.

 

What is Chainlink?

Chainlink is a decentralized oracle network (DON) that enables the creation and execution of tamper-proof digital agreements, more commonly known as smart contracts. Smart contracts serve a broad range of services, including payments, online trades, and even digital document signing.

The main problem with smart contracts is that they can’t access data on their own. As a result, connectivity issues arise when developers attempt to execute them since smart contracts don’t have access to off-chain data and APIs (Application Programming Interfaces). To address the problem, Chainlink developed a decentralized network to ensure all the relevant processes are error-free and in sync.

 

 

Chainlink Crypto

LINK is the project’s native utility token that is used to execute smart contracts on the Chainlink Network.

Chainlink node operators use LINK to stake in the network, whereas Requesting Contract holders use the token to reward the network’s node operators for their work.

LINK has been experiencing steady growth since its launch back in 2017. Having partnered with tech giant Google and bank industry leader SWIFT, the network continues to thrive.

 

How to Buy Chainlink Crypto

Coinmetro has LINK on its rapidly expanding list of the most promising digital assets.

You can log in to your account if you’re a registered user or sign up to our platform if you’re new. 

With your Coinmetro account created and your profile verification completed, you are ready to head to the exchange and buy your LINK tokens.

 

What are the next steps?

Fund your account with either fiat or crypto currency. Coinmetro offers both credit card and bank transfer options for fiat deposits.

For cryptocurrency deposits, please ensure that you follow the instructions correctly depending on which currency you are depositing.

Some cryptocurrencies require a little more information than usual to make a deposit. For example, XRP requires you to take into account the destination tag.

With your account successfully funded, you will be able to make your LINK purchase.

Did you know that the Coinmetro Swap Widget located on your Dashboard is the quickest and easiest way to buy crypto assets? Coinmetro offers a fixed rate for 30 seconds, with a swap markup of 1.25%.

 

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