As the cryptocurrency market is growing, it greets many new up-and-coming projects that release their assets which get to trade lists of popular crypto exchanges. Of course, not all crypto assets receive listing on large and reliable crypto platforms – each undergoes a security audit to ensure the asset is not released by a scam company and companies with all the requirements and regulations in this realm.
One of the most traded digital coins on all large crypto platforms is LINK. Let’s discuss it and offer options for where to buy it.
What is Chainlink? Chainlink is the network connecting real-life companies and businesses with blockchain-based networks such as Ethereum and Solana. This connection allows businesses to provide their data and use smart contracts to conclude business contracts and deals with a 100% guarantee of all the conditions set in them. Chainlink is operated by nodes that transfer external data to smart contacts and ensure their implementation. It is a secure and decentralized network used by many large companies, for example, Google.
LINK is not an asset used for payments but rather for internal processes. The LINK coin is used for payments to the nodes rotator to stimulate their work with good rewards.
Where Can I Buy Cryptocurrency?
We offer the places where to buy cryptocurrency:
Exchanges: The most common and widely-used way to purchase assets is through cryptocurrency platforms. They offer instruments for buying and selling cryptocurrency among each other or through fiat currencies. Some popular exchanges include Coinbase, WhiteBIT, Binance, Kraken, and Gemini.
P2P marketplaces are another popular option for purchasing digital coins, particularly for users who prefer to remain anonymous. These marketplaces link buyers and sellers, giving them the space where they may negotiate rates and trade cryptocurrencies. Some popular P2P marketplaces include LocalBitcoins, Bisq, and Paxful.
ATMs: Cryptocurrency ATMs are becoming more common in many countries and allow users to buy and sell cryptocurrencies using cash. These ATMs typically charge higher fees than traditional exchanges, but they provide a convenient way to purchase cryptocurrencies quickly. Some popular cryptocurrency ATMs include CoinFlip and Coinme.
Brokerages: Brokerages allow users to purchase cryptocurrencies through a broker, which can be more convenient for beginners who are not familiar with cryptocurrency exchanges. These brokerages typically charge higher fees than exchanges but provide more user-friendly platforms. Some popular brokerages include eToro, Robinhood, and BlockFi.
Read more about crypto investments on the WhiteBIT blog.
