This page provides technical information on how to interact with independent, third-party decentralized exchanges (DEXs). The assets herein are not accessible via the OKX Centralized Exchange, and OKX does not facilitate their trading. Digital assets displayed are automatically generated based on popularity ranking. OKX does not provide investment recommendations and is not responsible for any potential losses.
Discover how to buy LINK
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
LINK
FLZofA...V5Ek
AED0.00066809
AED0.00036365 (+119.45%)
Last updated on --.
How to buy LINK on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy LINK.
Step one
Get OKX Wallet
Create or import your Web3 wallet using the OKX app or web extension.
Step two
Fund your wallet
Transfer funds to your OKX Wallet. Make sure you’ve got the right network and crypto.
Step three
Start trading
Find the crypto you’re looking for and trade under your preferred trading mode.
What's ChainLink Token?
ChainLink Token, or LINK, is like a magic key that helps connect real-world data to blockchain systems. Imagine you have a toy that needs batteries to work; LINK is like those batteries for smart contracts, making them smarter by providing real-world information. It solves the problem of getting accurate data from outside the blockchain, like weather reports or stock prices, into the blockchain world.
How can I buy ChainLink Token?
1) Create an account on OKX by visiting the website and clicking 'Sign Up.' Follow the instructions to verify your identity. 2) Fund your account using a bank transfer, credit card, or other local payment methods available in the United States. 3) Once your account is funded, navigate to the trading section, search for ChainLink Token, and place a buy order by entering the amount you wish to purchase.
Why do people buy ChainLink Token?
People buy ChainLink Token because it plays a crucial role in connecting blockchain technology with real-world data, making smart contracts more useful. LINK is widely adopted in the blockchain ecosystem, enhancing the functionality of decentralized applications. It helps ensure data accuracy and reliability, which is essential for industries like finance and insurance. However, it's important to understand its limitations, such as dependency on network security and data sources.
Things to know before buying ChainLink Token in the United States
In the United States, cryptocurrencies like ChainLink Token are legal but subject to regulations. Users must complete KYC and AML verification when setting up accounts. Tax implications include reporting capital gains when selling or trading LINK, and income from staking may be taxable. It's crucial to keep records of transactions for tax purposes and consult a tax professional for guidance on specific obligations.
What are other ways to own ChainLink Token?
Besides buying, users can obtain ChainLink Token through airdrops, where tokens are distributed for free, or by participating in Learn-and-Earn programs that reward educational engagement. Staking LINK or participating in network activities can earn rewards. Providing liquidity in certain platforms may also yield LINK tokens. Each method requires varying levels of effort and carries risks, such as market volatility and network security.
How can I store my ChainLink Token?
To store ChainLink Token safely, consider the risks of loss, hacks, and theft. Custodial storage involves trusting a third party, while non-custodial storage gives you full control. Hot wallets are convenient for frequent access but less secure than cold wallets, which are offline and safer. Basic safety practices include backing up your wallet, securing recovery phrases, and understanding proof of reserves. Choose a storage method that balances security and convenience for your needs.
Why should I buy ChainLink Token on OKX in the UAE?
Learn more about the security measures keeping your ChainLink Token safe and readily available.
Best aggregated prices
OKX DEX aggregates major DEXs for the best prices and liquidity.
Secure transactions
OKX DEX is fully on-chain, protecting your wallet and flagging any potential risks.
Cross-chain made easy
OKX DEX’s bridge aggregator lets you easily bridge tokens across networks.
Diverse trade options
OKX DEX offers trading modes tailored for various trading needs.
Learn more about how to buy ChainLink Token (LINK)
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See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade your crypto
Take advantage of price fluctuations and trade your crypto for other assets using OKX DEX.
HODL, or hold onto your crypto
If you think your crypto will increase in value over time, you can keep it in your wallet.
Stake your crypto or join campaigns
Explore the Discover page and participate in eligible staking opportunities or other campaigns.
How to buy crypto FAQ
1. Digital wallet
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
The phrase "crypto swap" is used to refer to the act of swapping one cryptocurrency for another without using a conventional exchange.
To swap on DEX, you’ll need to:
1. Set up and connect your digital wallet to the DEX you choose
2. Select LINK (ChainLink Token) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for LINK (ChainLink Token)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select LINK (ChainLink Token) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for LINK (ChainLink Token)
4. Execute the transaction
Slippage is the difference between the price a trader expects to pay or receive, and the price they actually pay. It occurs when a market moves as trade is happening. Slippage usually happens during periods of high volatility, and exchange rate changes.
These are tips to consider when choosing a secure wallet for DEX:
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.