Buy Chainlink in Australia easily using a peer-to-peer (wallet-to-wallet) trading platform like Elbaite cryptocurrency exchange.
To buy Chainlink (LINK) in Australia, simply:
Chainlink (LINK) is an Ethereum token that powers the ChainLink decentralised oracle network. It was founded in 2017 by Sergey Nazarov and Steve Ellis. Their aim was to solve the problem of mis-trust associated with using off-chain information to execute smart contracts.
The ChainLink network acts as a middleware for Ethereum smart contracts to securely connect to key off-chain resources like external data sources, APIs, and payment systems. The ChainLink network exchanges the LINK token to users who are connecting an information feed to smart-contracts.
Learn more about Chainlink.
Why buy Chainlink (LINK) with Elbaite cryptocurrency exchange?
Elbaite is the first non-custodial wallet-to-wallet Australian cryptocurrency exchange.
Unlike other Australian crypto exchanges that hold your cryptocurrency in their own centralised wallets, Elbaite's wallet-to-wallet trading means that your Chainlink is not held by us at any point. This is a safer and more simple trading process, giving you greater control and freedom over your cryptocurrency!
How do I store my Chainlink (LINK)?
There are many Ethereum-based wallet options you can explore when it comes to safely storing your Chainlink, including using hot and cold crypto wallets. Conducting your own research is crucial to keeping your Chainlink safe.
What are Hot Wallets?
Hot wallets are crypto wallets that are connected to the internet. They offer better accessibility which simplifies more frequent trading. However, they offer less security against hacks and fraud incidents.
What are Cold Wallets?
Cold wallets are crypto wallets that are not connected to the internet. The two main types of cold wallets are paper wallets and hardware wallets such as Trezor and Ledger wallets. Cold wallets are a popular option for those who value security, or for traders holding Chainlink as a long term investment.