Founded in 2017, Chainlink powers a global computer network that provides reliable, real-world data to smart contracts through oracles. Oracles act as a bridge between external data sources and smart contracts. This off-chain information is critical for the execution of smart contracts.
One of the largest problems with blockchain smart contracts is that they rely on external sources to properly execute their terms. By providing a connection between blockchains and external sources, Chainlink addresses this issue. The bridge makes it easier for smart contracts to complete their tasks without constraints in a secure manner.
The Chainlink network is primarily driven by a large open-source community of node operators, data providers and researchers. LINK is the native cryptocurrency of the Chainlink network. It is an ERC-20 token and it is used to reward node operators and pay for the Chainlink service. To Buy Chainlink in New Zealand, create a Swyftx trading account today.
Want to learn more about Chainlink and other altcoins? Head to our guide to our deep dive on Chainlink, available on Swyftx Learn.
You can buy, sell and trade Chainlink in New Zealand on a registered cryptocurrency exchange like Swyftx. Create your free trading account with Swyftx by providing a few simple details such as your name, email address and phone number. Next, you must verify your account by scanning a form of government-issued photo ID (i.e. drivers license, passport etc.). This step typically takes no longer than 2 minutes to complete.
Once verified, you can deposit funds into your account quickly and easily. Swyftx accepts NZD deposits via bank tranafers. Once the funds have been successfully deposited into your account, you can buy LINK and all other listed cryptocurrencies.
A smart contract is a self-executing agreement that sets conditions between two parties into lines of computer code. The conditions that lie within the contract’s code are distributed across a decentralised blockchain technology platform (i.e. Ethereum). Smart contracts allow transactions and agreements to be carried out among two or more anonymous parties without the need for a central authority like a central bank.
One downside of smart contracts is that they are based on information contained on a blockchain and can’t interact with external sources like payments systems and data feeds. The purpose of Chainlink is to act as a decentralised oracle network that connects smart contacts with real-world data from external and off-chain resources. You can buy and sell LINK tokens in New Zealand on the Swyftx Cryptocurrency Exchange.
Yes, you can. The Swyftx trading app can be accessed from your desktop computer or your mobile phone. The Swyftx mobile app is optimised for people who like to trade on the go. It’s easy to use for both beginner and seasoned traders.
It is 100% free to download the Swyftx app and create a trading account. Swyftx also features a free demo mode that allows you to mock trade different cryptocurrencies with artificial currency. This is a great option for beginner traders who are looking to learn the markets without committing themselves financially. If you’re looking to buy Chainlink (LINK), you will be required to deposit fiat currency into your account.
After you’ve purchased LINK on Swyftx, it will be automatically stored in your own digital wallet. This digital wallet is integrated with your account when you sign up and is necessary for sending, receiving and storing your crypto. Alternatively, if you would prefer to store your Chainlink in an external wallet, you can do so by withdrawing your asset and sending it to the address of your chosen wallet.
Take advantage of our low trading fees and minimal spreads when you buy LINK in New Zealand.
Verify your email address, phone number and identity to start trading Chainlink in minutes.
Advanced security features like two-factor authentication and breached password detection help protect your account.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and withdraw NZD via bank transfer.
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.