Find out How You Can Buy ChainLink Coin in the UK

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If you looking for a source of additional income, you can think of purchasing some crypto coins. It is possible to pick different crypto coins based on possible profitability, rapidness in changes in prices, liquidity, and other factors. Not only can cryptocurrencies be good for investment, but they can also be used for fast, cheap, and secure payments.

Since the choice of crypto coins available in the market is large, it may be challenging to pick something. ChainLink is one of the options you can consider. It has drawn much attention from the public lately since its market cap reached nearly $1 billion.

If you wish to buy ChainLink coins in the UK, you need to know where this can be done. This and other important information can be found in this article.
chainLink

What Are the Reasons to Buy ChainLink Coin in the UK?

ChainLink (LINK) is a decentralized network that provides reliable inputs/outputs for complex smart contracts on any blockchain. It allows smart contracts on Ethereum to connect to external information sources, payment systems, and APIs in a secure manner.

The following are the main benefits of this network:

  • Seamless connection to any API
  • Proven, time-tested solutions
  • Reliable, tamper-proof network
  • Transparent oracle computation
This crypto coin can be an excellent option for a long-term investment. If you wish to buy ChainLink coins in the UK, you can do this on several exchanges.

How to Buy ChainLink if You Live in the UK

A range of exchanges operating on the Internet allows purchasing ChainLink. The purchasing procedure, required documents, fees, and other factors depend on the exchange. You should be able to find step-by-step instructions on how to buy ChainLink coins on the official website of the exchange of your choice.

In many cases, you will need to register on an exchange and provide some documents for verification purposes. Such documents may include your ID, passport, papers proving your address, and others. If you use specific payment methods, such as credit cards, you can make a transaction instantly. Generally, you will be able to choose cash or digital payment options for purchasing ChainLink.

Where Can You Buy ChainLink with GPB?

A range of exchanges allows buying ChainLink. When picking a perfect option, you want to check whether it matches a range of important requirements:

  • Payment methods. Some people are looking for exchanges allowing making transactions using a certain payment method. You may want to make your initial deposit in fiat money or other cryptocurrencies. Therefore, before you buy ChainLink coins in the UK, you should check whether the payment option you need is available on the exchange.
  • Simple interface. This factor is particularly important for beginners. You do not want to spend lots of time trying to figure out how everything works.
  • Compatibility with mobile operating systems. Are you fine with using a desktop version or do you need an app to download to your mobile device? Make sure that the exchange provides you with the version you need.
  • Availability of features. Experienced traders are often looking for platforms with a specific choice of features. If you one of them, check whether an exchange you are about to register with has everything you need.
  • Fees. If you buy ChainLink with GPB, you will need to pay some commissions on different exchanges. You need to check the pricing conditions of different platforms to pick the best one.
  • Registration and licensing. Depending on the country, the crypto exchange must comply with certain regulations. When it comes to buying ChainLink from exchanges based in the UK, you need to make sure they have proper registration or license.
  • Security. When it comes to payment transactions, you need to make sure your funds and your information are fully protected with relevant security technologies. Among others, they may include encryption protocol that does not allow reading sensitive information even if it is stolen.
  • Other digital assets. If you plan to buy some other assets, such as gold, Bitcoin, AMP, etc., you want to make sure you will be able to do that from the same exchange.
  • Customer service. You want to reach customer support representatives daily via convenient contact options, such as live chat.

Buying ChainLink at Coinbase Pro

coinbase

Coinbase Pro offers to make transactions on PCs and various mobile devices, including those powered by Android and iOS. There are two types of fees β€” for takers and makers. Also, fees depend on the transaction volume and range from 0.04% to 0.50%.

This is how to buy ChainLink on this platform:

Create an account

You will open the registration form by clicking on the Get Started button. Fill out all the required fields and submit the form.

Verify your details

You are required to verify your details. In this case, you will need to provide some documents, including those proving your identity.

Add funds to your account

Various payment methods can be used by UK customers. In particular, they can use Faster Payments, SEPA Transfer, and 3D Secure Card. Buyers from this country can use both GBP and EUR wallets. Before you can use your bank account for making a purchase, you will need to link it to your profile first.

Purchase ChainLink

You will need to pick ChainLink from the list of available options. Specify the amount of your transaction, click on the Trade button, and proceed with your transaction.

Buying ChainLink at CoinJar

CoinJar

CoinJar is a reputable exchange that can be a good choice for beginners and professionals. It can be used on both PCs and mobile devices.

If you wish to purchase ChainLink from this platform, you can do this in the following way:

Sign up for the services

Click on the Sign-Up button to undergo a quick registration procedure. Also, you will have to agree to the Terms of Services and Privacy Policy.

Verify your details

Verifying your details is an essential condition to get access to the services of this platform. You will need to upload certain documents proving your identity, such as your ID. It will not take a long time for your documents to be checked by the staff of the exchange.

Add money to your account 

You can add your bank account to your profile since this option is available for UK customers. It is also possible to use other payment options. Add enough money to your account to be able to purchase the required amount of ChainLink.

Purchase ChainLink

Now, you can purchase ChainLink using a preferred payment option. Pick this asset from the available options and specify how much you wish to buy.

Buying ChainLink at Solidi

solidi

Solidi is a solid platform based in the UK. It offers a safe way to trade different cryptocurrencies. Another great advantage of this platform is reasonable prices.

Here is how to buy ChainLink on Solidi:

Create a new account

To start creating your account, you need to click on the Register button. You will need to provide your personal information, your contact details, such as your email address and regular address.

Verify your details

While some transactions can be made without verification, undergoing this procedure is required if you want to trade large volumes. Once you upload the required documents, the verification procedure will be completed within 24-48 hours.

Purchase ChainLink

Now, you can purchase ChainLink. Select this crypto coin from the list of available options and specify the exact amount that you wish to buy. You will see the sender’s details on the screen. Complete the transaction using your online or telephone banking. You are given 30 minutes to make a payment.

Buying ChainLink at Binance

binance

Binance is a popular exchange that offers to buy lots of different assets. It is a good choice in terms of convenience of use, low fees, and security.

This is how to buy ChainLink on the Binance platform:

Create an account

You will begin the use of this platform with setting up your account. Click on the Register button, and you will see an online registration form that you will need to fill out with the required information. Once all the data has been inserted, you can submit the form.

Verify your details

It is required to prove your identity before you can get access to the services of this platform. All you need to do is to send some documents, which will be then reviewed by the staff of the exchange.

Make your initial deposit

You need to add some funds to your account on the Binance platform. There is a range of payment methods you can use for this purpose, including bank transfer, credit/debit card, cash balance, third-party trading, and others.

Purchase ChainLink

To purchase ChainLink, you will need to choose a payment method you wish to use. Then, you will need to enter the amount of your purchase and click on the Continue button. The transaction will be completed shortly.

Buying ChainLink at Kraken

kraken

Kraken is a reliable crypto platform where you will find more than 50 different currencies to trade. It offers reasonable fees ranging from 0% to 0.26%. There is a range of advanced tools traders can access, including margin and futures trading.

As for buying ChainLink on this platform, this can be done in the following way:

Set up an account

First of all, you need to become a registered user of this platform. You can do this by clicking on the Create Account button and filling out the sign-up form.

Get verified 

You can undergo the verification procedure by logging in to your account, clicking on your name, and then choosing the Get Verified option. There are three types of verifications, including Express, Intermediate, and Pro.

Make a deposit

The range of payment options available for a transaction depends on your location. If you want to use GPB, you can use Etana Custody, FPS, BACS, and other options.

Buy ChainLink

Purchase ChainLink using the money you now have in your account.

Buying ChainLink with a Credit Card or Bank Transfer

There is a range of platforms offering to buy ChainLink with a credit card or via a bank transfer. That is very convenient since you will not even need to undergo the verification procedure in many cases. Such a transaction is made instantly. You will only need to specify how much ChainLink you wish to purchase, where you wish to get it, and other details.

What Wallets You Can Use after Buying ChainLink

After you buy ChainLink with GPB, you need to have a reliable place to store your assets. You can choose a wallet that matches your preferences. To pick the best option, you should take the following factors into account:

  • Security. It is believed that the highest level of security is provided by hardware wallets because no one will be able to steal your funds from such a device.
  • Price. It is possible to find a range of mobile, desktop, and web-based wallets for free. However, hardware and advanced options will cost you some money.
  • Accessibility. Some wallets are simply applications that you can run on your device. If it is a hardware wallet, you will need to connect it to a PC or a mobile device first.
  • Simplicity of interface. You want to use your wallet conveniently, and that is why you need to pay attention to its user-friendliness. It is particularly important for beginners.

The following is the list of wallets you can consider using if you are interested in storing your cryptocurrencies after buying ChainLink:

Hardware wallets:

  • Ledger Nano X
  • Trezor Wallet

Mobile wallets:

  • Coinbox Wallet
  • Lumi Wallet
  • Atomic Wallet
  • Coinomi Wallet
  • Jaxx Wallet

Web wallets:

  • Lumi Wallet
  • MyEtherWallet

Desktop wallets:

  • Exodus Wallet
  • Coinbox Wallet
As you can see, there is a decent choice of options you can consider.

Legislation to Know before Buying ChainLink

Everyone who wishes to buy ChainLink coins in the UK should familiarize themselves with local regulations. In this country, The Financial Conduct Authority (FCA) makes sure that exchange transactions are conducted for legal purposes. This authority registers companies that want to provide crypto exchange services.

People who want to buy ChainLink coins in the UK must undergo Know Your Customer (KYC) procedures. This means that those who want to purchase crypto coins must provide a range of documents. Among others, they may include:

  • IDs
  • Driver's licenses
  • Passports
  • Selfies
The primary aim of the FCA is to make sure that such cryptocurrency transactions are not conducted aiming at money laundering. Therefore, you must only purchase cryptocurrencies for legal purposes. As long as you do that, you have nothing to worry about and can buy crypto coins, including ChainLink, in the UK without any problems.

Hi, my name is Benzion. I have twelve years of experience in the Forex industry, and I have launched two successful crypto trading services. I have in-depth experience on several blockchain networks like Bitcoin, Etheruem, EOS, Cardano, Hyperledger, ICON, Komado, etc. I also have in-depth knowledge of blockchain techniques, including various consensus mechanisms, DLT, smart contracts, security, and privacy measures. Benzion Friedman