What are Chainlink and LINK?
Chainlink is an oracle platform. Put simply, oracles help smart contracts connect with data and systems beyond 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 rewards network service providers, such as node operators, for facilitating those services.
How to invest in Chainlink in the UK
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 bank transfer, a debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or crypto deposited from another wallet.
Bank transfers are free on Crypto.com. Crypto deposits are also free, though other charges may apply.
How much Chainlink can you start with?
The minimum amount needed to invest in Chainlink on Crypto.com is £1. In practice, this means you can buy a small fraction of Chainlink rather than having to buy a whole token.
Once you have chosen the purchase method and amount, the App shows a confirmation screen before you authenticate the transaction.