Buy Chainlink (LINK)

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.

There are a few different ways to buy 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.

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.

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.

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.

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.

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.

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.