Buying Chainlink (LINK) with a credit card, debit card, or bank transfer is a very easy process. In this step-by-step guide, we will explain how to purchase Chainlink with an account on the cryptocurrency exchange Binance.
1. Create an Account on Binance.us
First thing you’ll want to do is create an account on Binance. Follow this link and click “Register” in the top right corner to get started. Simply fill out your information and click sign up. Make sure you enter your name exactly the same as it’s written on your photo ID. Binance abides by financial rules set by the US Government, so they have to verify your identity. This regulation makes Binance one of the safest and most trustworthy methods of converting regular currency into cryptocurrency. Please note that you must be 18 years or older to buy Chainlink on Binance.
2. Verify Your Binance Account
After signing up, Binance will need to verify your account. This requires you to upload an image of your photo ID and verify your card (credit or debit) or back account. When using a credit card on Binance, your fees will be a bit higher than with a bank account, but buying Chainlink will be instant. If you use a bank transfer, it will be a bit slower (up to a week) but you save on fees.
3. Deposit USD with a Credit, Debit, or Bank Transfer
Once you have verified your both your Binance account and your payment method, you will be able to deposit USD. When on the Binance dashboard, click on the “Deposit” under the Wallet menu. Input the amount you would like to deposit in USD, and then select your payment method.
4. Trade USD for Chainlink
Once you have USD in your Binance account, you can trade it for Chainlink at the market price. Go to “Markets” and find the USD/Link exchange. Here you can input your order for Chainlink via a market or limit order. Once your trade executes, you have successfully purchased Chainlink with USD.