How to Buy Chainlink

(LINK)

What is Chainlink (LINK)?

Chainlink was launched in June 2017 by co-founders Steve Ellis and Sergey Nazarov. Chainlink is a decentralized oracle network. DeFi protocols deal with a lot of money and need quick access to accurate data. Oracles are responsible for sourcing real-time data and feeding them to the DeFi protocols.

LINK is the primary utility token of the Chainlink network. It is a native ERC-677 token that is used to pay Chainlink's oracle network. LINK has an upper cap of 1 billion, which was distributed during ICO. All the tokens have been premined. Chainlink uses a variation of the proof-of-stake algorithm not for validating new blocks but for transaction verification.

Chainlink has one of the most impressive partnerships lists in the crypto space. They offer an expansive suite of products that range from data aggregations to random variable generators for NFTs.

What can you do with Chainlink?

Hold Chainlink

Many people buy Chainlink for profit expectations and to benefit from long-term gains. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Stake Chainlink

Chainlink nodes stake LINK tokens. The more LINK they stake, the more likely that they are chosen to provide data to Chainlink nodes.

Buy/Sell/Trade Chainlink

You can buy and sell Chainlink using our highly liquid and efficient platform. You can also use CoinSmart's SmartTrade feature to swap your LINK for other tokens in one step.

Earn Chainlink

Become a member of the Chainlink node network and earn LINK for providing high-quality data.

Send Chainlink

You can use LINK as a pure payment token for conducting transactions. Two people around the world can easily transact with each other, provided they have compatible wallets.

GetSmart About Chainlink

Want to learn more about Chainlink? Use our GetSmart Hub.

Steps to Buying Chainlink

Purchase Chainlink with Credit Card

With CoinSmart you can instantly fund your account with your credit card (up to 6% fees) and make your trades.

Purchase Chainlink with Bank Transfer

Use bank wire transfer, bank draft, and Interac e transfer to instantly fund your account on the very same day and buy LINK.

Purchase Chainlink with Other Cryptos

Use SmartTrade to convert one of your other cryptos to LINK in one step. SmartTrade allows you to instantly buy and sell Chainlink and other cryptocurrencies.

Why Buy LINK
on Coinsmart?

Trade safely with our powerful security

CoinSmart utilizes world-class cybersecurity practices to ensure that your funds are always safe. Our funds are insured by BitGo, to guarantee protection in the unlikely event of a hack. User accounts and withdrawals are further kept secure via Google 2FA and Email Withdrawal Confirmations.

Jargon-free,
Complication-Free

CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach. Everything in our interface is straightforward. Extra care has been taken to ensure simplicity in each and every step.

Chainlink Trading Now In Your Pocket

CoinSmart gives you on-the-go access to LINK and other popular cryptocurrencies. The intuitive mobile app simplifies the digital asset buying, selling, and trading process. The app is available on both Android and IOS.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk