How to Buy Chainlink (LINK) - A Step-by-Step Guide

It doesn't matter if you are in Toronto, Montreal, Calgary, or anywhere in between, Ndax gives you all the tools and support to buy and sell Chainlink in Canada.

Why buy LINK?

Chainlink was built to provide smart contracts with reliable data from external sources and the network uses LINK to pay node operators for data retrieval. Buying LINK allows you to execute smart contracts on the platform or serve as a node operator as all node operators must use LINK to stake in the network.

Investors buy and add LINK to their portfolio due to its limited supply of 1 billion and its potential for increased adoption.

How to purchase LINK on Ndax

  1. Sign up or create an account: Get instantly verified with Ndax's streamlined verification process.
  2. Fund your account with Canadian dollars: You have the option to fund your account with fiat currencies using Interac e-transfer, Wire Transfer, or a Bank Draft.
  3. Invest in LINK: LINK is highly divisible, so you can buy small amounts to get started. Trade CAD to LINK with as little as $1 and with low trading fees of 0.2%.

Storing your Chainlink

After investing in Chainlink, the next step is to store your Chainlink in a secure cryptocurrency wallet. Depending on your own needs, investment amount, and preferences, you can keep your Chainlink on a trading platform, a physical hardware wallet, or a software wallet.

You are free to transfer your Chainlink to a private wallet from Ndax. However, if you decide to store your Chainlink in your Ndax wallet, we have all the security measures in place to keep your Chainlink safe and secure.

LEARN MORE

What can you do with Chainlink?

  • Pay for Goods and Services: Online stores, merchants, restaurants, and retail environments continue to adopt LINK and other cryptocurrencies as a means of payment.
  • Invest and Trade: On our trading platform, LINK can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth, and profits.
  • Use as a Store of Value: Investors are using LINK as a store of value.

Why buy LINK on Ndax?

  • We take the fear out of trading: Ndax’s security standards are among the highest in the Canadian FinTech industry. Ndax holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies. Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.
  • Grow your portfolio with Ndax’s recurring purchase feature: Set Chainlink recurring purchases to automatically buy LINK to CAD each day, week, or month. Set regular purchases as low as $10.

Download the Ndax mobile app

Download the Ndax mobile app to fund your account and start trading on-the-go from any iOS or Android device.

Download Ndax mobile app:

Google Play

App Store

Gain control of your LINK investments with advanced trading options

The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:

  • Limit Order: Buy or sell orders executed at a specific price.
  • Stop order: Order to buy or sell once a cryptocurrency reaches a specific price point.
  • Trailing stop market order: An order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid, or ask.
  • Trailing stop limit order: Limit buy or sell orders triggered once a cryptocurrency touches a trailing amount set by the user.
  • Fill or kill (FOK) order: Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be canceled entirely.
  • Immediate or cancel order (IOC): Trade that executes immediately and cancels any unfilled portions of the order.
  • Reserve order (Iceberg Order): A large trade is divided into multiple limit orders. The orders are split into visible and concealed amounts.

LEARN MORE

Are you ready to start trading LINK

Start trading on Ndax today. Experience seamless transactions, top-notch security, and unparalleled support.

START NOW


Don't forget to follow us on social media for more updates and join the conversation on our forums.

Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.