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Chainlink (LINK) is a blockchain-based project that provides data flow to decentralized applications and offers Oracle services. Although LINK had a relatively stagnant price trajectory during 2018 and 2019, it showcased a record-breaking surge, particularly towards the end of 2019 and throughout much of 2020. The reason behind such a price increase appears to be related to its technology and the growth of the DeFi sector.
What is LINK Coin?
Looking at LINK Coin reviews, it’s evident that the price increase overshadows the technological infrastructure. Many experts discussing LINK Coin point out the sharp rise in 2020 and speculate that it must come to a halt at some point. Nevertheless, the number of people wanting to buy LINK Coin continues to increase despite all the Chainlink coin reviews.
Chainlink can be described as an intermediary project that facilitates data connections for smart contract-based applications. An Ethereum-based project, Chainlink directly transmits data provided by APIs to the necessary projects. With past partnerships like Google Cloud, it’s quite normal to see an increase in LINK’s price amid the DeFi craze.
LINK is responsible for transferring data across blockchain networks and ensuring the reliability of all this information. The Oracle service, not limited to the Ethereum network, can also transfer data to other cryptocurrency infrastructures. Since decentralized finance applications do not have any governance and everything is done based on smart contracts, the accuracy of data becomes critical.
This has led to a continuous increase in the number of Chainlink’s partnerships and a record use of LINK. Chainlink coin reviews are consequently suggesting a further rise. So, how does one buy Chainlink, and is there a challenging process waiting for investors wanting to purchase LINK Coin?
How to Buy Chainlink?
Thanks to its popularity, Chainlink can be easily purchased through one of the world’s largest cryptocurrency exchanges, Binance. Only a few steps are needed to buy Chainlink on Binance, after which you can quickly join the rapidly rising LINK movement.
You can follow the steps below to buy LINK Coin:
- To buy Chainlink, you first need to deposit US dollars into the exchange or buy a cryptocurrency that can be used instead. Go to the Binance homepage, click on the “Buy Crypto” option in the upper left, and select the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to spend, and in the Coin section, mark USDT, i.e., Tether.
- After purchasing USDT, preview the “Buy & Sell” option on the upper left and click on the “Classic” tab.
- In the opened section, select USDT in the “Convert” part, and LINK in the “Target” part.
- Enter the amount you wish to buy and confirm the transaction to complete the Chainlink purchase.
Where to Buy Chainlink?
Although Chainlink is available on many cryptocurrency exchanges, it can be easily purchased on Binance using the link above for liquidity and security. Chainlink on Binance can be bought and sold both with spot transactions and futures and using leverage. This provides an extra advantage for LINK investors.
