Chainlink (Link): exchange, the rates. Where to buy this currency, how to start investing, and which forums have the most reliable reviews?
Cryptocurrencies are a topic that a lot of people around the world have heard about, but to explain what exactly they are is something a much lower percent of them can do. One of the currently best known cryptocurrencies in the world is Chainlink. It is a token that observed a growth of more than 500% in 2019, which is more than the recognized by everyone Bitcoin. What exactly is the Chainlink cryptocurrency? How to start investing in Chainlink? What are the people’s opinions on this cryptocurrency? Where and how to buy Chainlink? All of that can be learned by reading this article.
Description and information about Crypto Currency Chainlink
Chainlink (Link) is one of the cryptocurrencies that was created in 2017 by Sergey Nazarov and was based on the Etherum blockchain. Chainlink has 1 billion of its own tokens under the most popular standard ERC20, which most people might associate as the LINK token. During the ICO, 350 million Link tokens were sold at the price of 0.11 dollar for 1 LINK and currently they’re the only ones in the market circulation. The ERC20 token is used by data suppliers to charge fees for smart contracts.
The purpose of creating Chainlink was to develop the first decentralized platform that would be able to deliver external data sources to smart contracts. It is conducted based on Oracle relational databases. All of that to make sure that Chainlink can be used as a payment method wherever it is possible, and not just on specific platforms.
The Chainlink cryptocurrency is mainly intended for business owners and institutions, but it can also be used by regular people. The Chainlink platform makes it possible to connect with an API, which is an application programming interface, or with blockchain networks such as Bitcoin and Hyperledger. Link operates within the ERC20 standard, which enables its owners to choose among numerous cryptocurrency wallets compatible with this standard. The basic wallet for the LINK tokens is MyEtherWallet, which can be additionally synchronized with MetaMask, another popular wallet. This ensures better security of using a particular wallet.
Where and how to start investing in Chainlink Crypto Currency?
Investing in Chainlink, as well as in other cryptocurrencies, is best to be started by collecting information about it, but also by conducting a risk analysis for the risk that comes with such enterprise. That’s why it’s a good idea to prepare the kind of amount of money for that goal that a potential loss of wouldn’t be too painful. Investing in Chainlink is best to be started with small amounts that will grow in the future as the owner’s knowledge on the market grows as well. When choosing a cryptocurrency wallet, it is best to go for the most popular solution, which is MyEtherWallet. This wallet is worth combining with the MetaMask plugin in order to improve the security of the assets owned.
Reviews for Chainlink Crypto Currency. What do they write in the forum and in the press?
The Chainlink cryptocurrency enjoys very good reviews online from the people interested in it. A large number of people emphasizes that it was one of the best cryptocurrencies in 2019. It is confirmed by the data indicating that Chainlink closed the last year with more than 500% profit. Some even go as far as to say that its best years are yet to come, and the nearest ones will fully show the potential that lies in it. The press also has noticed the giant potential of Chainlink, presenting a rationale that it might be the first cryptocurrency that could be used to make payments in everyday life.
Where and how to buy Chainlink? What Stock Exchange will be the best?
All cryptocurrencies, including Chainlink (Link) can be purchased on cryptocurrency exchanges such as Binance, OKEx, Huobi and Gate.io. This is a particularly recommended solution, as on top of low commissions, they do not require users to send in scanned identity documents. The process of purchasing this cryptocurrency should not cause too many problems. Below is a brief guide on how to buy the Chainlink (Link) cryptocurrency using the Binance website as an example.
- Step 1: Register on the exchange
Upon entering the Binance website, click the “Register” button. In order to open an account, you have to provide your e-mail address and account password. When it comes to Binance, there is no need to send in any identity documents.
- Step 2: Purchase a cryptocurrency
Upon registering and creating an account you can move on to buying a cryptocurrency. There are several ways to buy Link: by making a bank transfer, exchanging another cryptocurrency for Chainlink or indirectly using a credit card.
Where to look up the Chainlink (Link) exchange rate?
The current Chainlink exchange rate can be checked in such places as the cryptocurrency’s official website or on cryptocurrency exchanges such as: Binance or OKEx.