Days
Hours
Mins
Sec
until the Bitcoin Halving!
Learn more

Buy Chainlink (LINK)

link
$26.58
+0.10%

Global Rank

#18

Market Cap

$10.3B

24hr Volume

$413M

24hr Change

+0.10%

Ready to buy LINK?

Create an account

or Login

Chainlink

What is Chainlink (LINK)?

Chainlink is a decentralised oracle network that enables universally connected smart contracts. The Chainlink network allows blockchains to interact with external feeds to source off-chain information needed for smart contracts. It does this by connecting APIs to smart contacts making smart contract data feeds on blockchains secure and tamper-proof and is easy to integrate with payment providers. This allows the easy distribution of smart contracts. Chainlink is predominantly used by project developers looking to integrate Chainlink into their projects.

LINK token is the native cryptocurrency of the Chainlink network and is the form of payment required to access the core operations of the network. More specifically, users of the network will use LINK to pay those who operate nodes that are used for data retrieval. The maximum supply of LINK tokens is 1 billion and there is currently less than 50% in circulation (circulating supply). You can buy, sell and trade Chainlink on Swyftx; Australia’s top-rated crypto exchange.

Want to learn more about Chainlink and other altcoins? Head to our guide to our deep dive on Chainlink, available on Swyftx Learn.

How to Buy Chainlink in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy LINK

Frequently Asked Questions

What are Chainlink oracles?

The purpose of Chainlink is to bridge the gap between blockchain-based smart contracts and real-world applications. Nodes within the Chainlink network are referred to as Oracles. Oracles are designed to retrieve external data for blockchains that trigger smart contract execution upon the completion of predefined conditions. Essentially oracles act as intermediaries that translate data between real-world applications and smart contracts.

How do I buy Chainlink in Australia?

There are a few different ways invest in Chainlink (LINK) in Australia. It’s generally considered that the easiest and most convenient way to buy and sell LINK tokens is on a Cryptocurrency exchange such as Swyftx. The process of signing up for and then verifying your identity takes minutes. Once your identity is verified, you’ll be required to deposit Australian dollar (AUD) into your account and then enter the quantity or value of Chainlink you would like to purchase and click ‘Buy LINK.’ Once you have successfully purchased the digital asset, it will be stored in the wallet integrated into your account.

Where is the best place to buy Chainlink?

The best place to buy Chainlink is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy Chainlink?

Yes, Swyftx is a safe and secure platform to buy and sell Chainlink (LINK). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of LINK determined?

The price of LINK is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy Chainlink with credit card?

Swyftx does not allow you to directly buy Chainlink with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy LINK instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.