What can you do with Chainlink?

Learn more about Chainlink

1. How does Chainlink work?

   Unlike traditional currencies, Chainlink is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Chainlink. This decentralization means the holders and users of Chainlink can help to maintain the network.

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2. Where can I buy Chainlink?

   Most find that the easiest and most secure way to purchase Chainlink is through a reliable cryptocurrency platform like Kraken. While Chainlink can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Chainlink.

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3. How much does 1 Chainlink cost?

   At the current market rate, it costs $14.04 to purchase one LINK. Kraken makes it easy to buy & sell Chainlink with confidence.

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4. Can I buy $100 worth of Chainlink?

   Yes, Kraken offers a secure and easy to buy $100 worth of Chainlink. At its current price, $100 equals 7.12 LINK.

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5. Is it safe to buy Chainlink?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your Chainlink purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your Chainlink investment. You should do your own research on Chainlink price before buying.

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6. Is Chainlink available to buy and sell in my country?
   

   
   To find out if Kraken offers Chainlink in your region, please check our Support article to see what cryptoassets are available in your country.
   

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7. Is Chainlink a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Chainlink may be a worthwhile purchase.

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8. Can I purchase Chainlink using my local currency?
   

   Kraken supports six different government-issued fiat currencies including:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. How much is Chainlink transaction fee?

   Kraken offers competitive fees for Chainlink transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Chainlink I can buy?

    
    You can buy as little as $10 worth of Chainlink on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Chainlink regularly.
    

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11. How to buy Chainlink with PayPal?

    To buy Chainlink with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like Chainlink, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase Chainlink.

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12. How to buy Chainlink with a debit card?

    You can buy Chainlink using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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13. How to buy Chainlink with a credit card?

    To buy Chainlink using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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14. How to buy Chainlink with other cryptocurrencies?

    Kraken makes it easy to buy Chainlink using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for Chainlink. Browse the Chainlink markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

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15. Can I transfer Chainlink from Kraken to my crypto wallet?

    Yes, the Chainlink you buy on Kraken is yours. Kraken makes it easy to withdraw your Chainlink to any hot wallet or cold wallet that supports Chainlink. Simply enter the external wallet address and your Chainlink will be in your wallet a few moments later.

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16. Is it safe to keep Chainlink on Kraken?

    We take every measure possible to keep the Chainlink you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Chainlink. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Chainlink?

    The current circulating supply of Chainlink is 656,922,361 LINK.

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