What are Chainlink and LINK?
Chainlink is an oracle platform. Put simply, oracles help smart contracts connect with data and systems outside their own blockchain.
LINK is the native digital asset of the Chainlink Network. It serves as the standard unit of payment for Chainlink services and compensates network service providers, such as node operators, for facilitating those services.
How to invest in Chainlink in Singapore
In the Crypto.com App, the basic steps are:
- Sign up and verify your identity.
- Top up your account.
- Open the trading screen, select Chainlink and complete your purchase.
How can you fund a Chainlink purchase?
You can fund your account and invest in Chainlink in the App using a FAST bank transfer in SGD, a Swift transfer in USD, a debit card, Apple Pay, Google Pay or crypto deposited from another wallet.
FAST bank transfers in SGD and Swift transfers in USD are free on Crypto.com, while crypto deposits may incur other charges.
How much Chainlink can you start with?
The minimum amount needed to invest in Chainlink depends on your payment method: SGD 1 for direct purchases with Apple Pay or Google Pay, SGD 20 by debit card, and SGD 50 by FAST bank transfer. In practice, this means you can buy a small fraction of Chainlink rather than a whole token.
Once you have chosen your purchase method and amount, the App shows a confirmation screen before you authenticate the transaction.