How do you invest in chainlink?
Updated: Sep 13, 2021
Anyone who is a part of the crypto market or monitoring the charts will be aware of Chainlink’s (LINK) popularity.
This immense popularity is due to various reasons and from different sources, but the biggest reason is the company’s unique business model.
Unlike others, Chainlink doesn’t compete with other cryptocurrencies. Instead, it helps the users and the community through its special protocols.
Let’s check out why you need to invest in Chainlink and how to invest in LINK.
Why Invest in Chainlink?
The demand for decentralized apps and services is rising, and Chainlink is well-placed as the go-to Oracle-based platform for blockchain users and systems.
The coin’s price significantly increased, and currently, it is among the 12 largest cryptocurrencies in terms of market capitalization.
Having said that, before investing in Chainlink, keep in mind that various market forces determine its future market value. Now, let's see how do you invest in Chainlink:
How to Invest In Chainlink?
Open an account.
Before you start trading any cryptocurrencies, you need to open an account not in your bank but with an online broker. However, the process is simple, and you can easily find various cryptocurrency brokers online.
Furthermore, you need to ensure that the exchange you have opened up your account has Chainlink listed.
Besides, the exchange will charge a commission on the trading, and it depends on currency’s types and differs from platform to platform
So, we will recommend comparing such charges and the commission fees then pick an exchange that suits you the best.
Apart from it, you can also opt for an e-wallet to store your cryptocurrencies.
Remember that investing or trading in digital currencies is a risky investment and prone to excessive volatility.
To secure your funds and digital assets, buying an e-wallet is a wise investment.
An e-wallet can store your private details and keys in a safe and secure location. There are many e-wallets types such as desktop, web, mobile, paper, and hardware. So, you can easily pick the one as per your needs and investment portfolio.
Now Make Your Purchase
After purchasing a digital wallet, you can transfer your funds into your account for investing or trading. You can use wire transfers to deposit funds in your account or transfer the funds into your account via credit cards.
Luckily, you will find Chainlink on all popular cryptocurrency exchanges such as Binance and Coinbase for trading purposes.
The changing commission rates of crypto dealers are essential to successful trading so keep that in mind when investing in Chainlink.
However, many cryptocurrency exchanges time to time, offer a low commission fee of around 1% or even less.
Ensure to assess the minimum balance requirements before trading on the platform.
Investing in Chainlink tokens (LINK) is simple; just browse the listed cryptocurrencies on the exchange, enter the total numbers of tokens that you want to buy, purchase and complete the transaction.
The purchased Chainlink tokens will soon reflect in your account.
Does Utopia Digital Asset Management's DeFi Infrastructure Fund invest in Chainlink?
There is an easier way to invest in Chainlink and a plethora of other quality cryptocurrencies and tokens.
You can invest in our DeFi Infrastructure Fund via ICONOMI platform. All you need is a photo ID and a bank account and you can invest from as little as €10.