Buy Chainlink LINK

Purchasing Chainlink (LINK) and other cryptocurrencies is simple and straightforward online. You can buy and sell Chainlink (LINK) on various platforms, including crypto brokers and exchanges.

Investing in Chainlink (LINK) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

• Start by selecting a suitable trading platform that supports Chainlink (LINK)

• Consider features such as security, data protection, and user-friendliness

• With the Bitpanda app from the Play Store or App Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

• Verify your identity to start trading Chainlink (LINK)

• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

• You can deposit via bank transfer, credit card, PayPal or Apple Pay

• There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Chainlink (LINK) and invest in cryptocurrencies

• Once the funds are in your account, you can buy Chainlink (LINK) and other cryptocurrencies

• Simply select Chainlink (LINK) for purchase, choose a payment method, and confirm the transaction

If you are interested in investing in cryptocurrencies like Chainlink (LINK), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying Chainlink (LINK) simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Licenced and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3,000 different assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your Chainlink (LINK) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading Chainlink (LINK) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With the Bitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. The Bitpanda Savings plans allow for regular investments to build long-term wealth.

The growing importance of smart contracts and decentralised blockchains leads many experts to predict an increasing demand for Chainlink (LINK) tokens. If you invest now, you could benefit from low prices and long-term growth potential.

It’s important to note that the value of Chainlink (LINK) can be affected by various factors, such as regulatory changes and global economic events. Therefore, it is essential to thoroughly research before investing. The following sections give an overview of the key events and factors impacting its price.

Chainlink is a project acting as a reliable oracle network, enabling secure connections to real-world data points using smart contracts processed across various blockchains.

As smart contracts cannot directly access data feeds, web APIs or traditional bank accounts, Chainlink offers a simple solution. The decentralised Chainlink data points connect with the Chainlink network which runs on the Ethereum blockchain. Network participants receive compensation in LINK tokens for operating Chainlink data points and successfully processing requests.

LINK has implemented smart contracts as an ERC-20 token, allowing for standard operations such as transfers, approvals and transferFrom. A TransferAndCall function is also enabled, combining payment and call into a single transaction.

The Chainlink token has a market capitalisation of 3.75 billion or 3.92 billion USD, making it one of the top 25 cryptocurrencies by market capitalisation. The issuance of LINK tokens is limited to one billion, and Chainlink was able to sell 35% of the total supply during the ICO in September 2017.

The LINK price trend has been volatile with many highs and lows. The initial price of around 0.19 USD quickly rose, and by January 2018 reached 1.29 USD. At the end of 2018, the price dropped slightly, but stabilised again in 2019 and rose to 3.89 USD by June.

The price dropped again and ended 2019 at 1.82 USD. 2020 saw the price start strong before falling again in March. After the token experienced a run with prices rising to nearly 20 USD in July. By the end of the year, it dropped to about 11.50 USD.

In May 2021 it reached its all-time high of 52.70 USD however in the subsequent bear market of 2022 it fell below 10 USD. As of February 2023, the price was around 7.70 USD.

Major price milestones include:

• 2017: 0.19 USD / LINK (release)

• January 2019: 1.29 USD / LINK

• July 2020: 20 USD / LINK

• May 2021:52.70 USD / LINK (peak price)

• 2022: 10 USD / LINK

• February 2023: 7.70 USD / LINK

Chainlink (LINK) price trend and forecast

After the strong bull market of 2021, the entire crypto market, including Chainlink, entered a bear market in 2022. Although predicting LINK’s price is difficult due to many influencing factors, improvements in the financial and energy markets, aided by the US 'Inflation Reduction Act' and a European counterpart, could boost crypto exchanges.

Experts also anticipate central banks will eventually reduce aggressive interest rate policies, leading to more money in circulation and increasing market investments. Increasing regulations on cryptocurrency can also have a significant impact.

It is important to note that past trends are not indicators of future values.

Unlike most cryptocurrencies, LINK tokens do not have a process that increases their circulating supply, avoiding the risk of inflation. As an ERC-20 token, LINK depends on Bitcoin and Ethereum but primarily aims to ensure compatibility between blockchain and external systems like banking, retail payments and market data.

Future smart contracts will increasingly link to real-world data, becoming more sophisticated and making it difficult for competitors to catch up with Chainlink. As the cryptocurrency has a technical advantage as a pioneer in the field, it is currently the most promising token in the Oracle network sector with the highest market maturity.

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.