Buy Chainlink (LINK)

Chainlink is a decentralized oracle network and cryptocurrency that aims to bridge the gap between blockchain technology and the real world. As blockchain networks are typically isolated from external data sources, Chainlink provides a reliable and secure solution to bring off-chain data onto the blockchain. The native cryptocurrency of the Chainlink network is called LINK. It is used to incentivize node operators, who are responsible for retrieving data from external sources and validating its accuracy before feeding it into the blockchain.

Chainlink operates through a network of decentralized oracles, which are essentially nodes that retrieve and verify data from external sources. These oracles act as middleware between blockchain smart contracts and the real world, enabling smart contracts to interact with data that exists outside the blockchain ecosystem. Chainlink employs a unique approach called "off-chain reporting" to ensure the accuracy and reliability of the data it provides. This approach involves multiple independent node operators retrieving data from various sources, aggregating it, and submitting it to the blockchain. By using multiple nodes and aggregating the data, Chainlink aims to mitigate the risk of a single point of failure or manipulation. Chainlink's consensus mechanism, known as the Chainlink Network Consensus (CLC), relies on a reputation system to determine the reliability of node operators. Node operators stake LINK tokens as collateral to participate in the network, and their reputation and potential rewards depend on their performance and the quality of the data they provide. Additionally, Chainlink utilizes tamper-proof hardware known as Trusted Execution Environments (TEEs) to enhance data security and protect against manipulation. These TEEs ensure that data is securely transmitted and processed within the node operators' hardware, preventing unauthorized access or modification.

Follow the steps below to easily and securely buy Chainlink.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Chainlink and securely store it on our platform.

You can securely store your Chainlink in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Chainlink. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Chainlink with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Chainlink with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Chainlink through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Chainlink is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Chainlink involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Chainlink, it is important to understand the risks.

Volatility: The price of Chainlink can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Chainlink is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Chainlink through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Chainlink or other cryptocurrencies anonymously on a regulated crypto platform in Europe.