Chainlink is on a quest to assist blockchains in effectively integrating external data. The software is expressly built to connect smart contracts operating on top of blockchains to services that provide APIs, payments, and real-world event confirmation, allowing developers to build a larger range of products and services. If Chainlink can solve significant challenges for smart contract users, it might become a vital tool for connecting blockchains and real-world applications. So far LINK has already seen over 100x gains for investors lucky enough to buy LINK in 2019, and the trend is still upward and bullish. Still have questions about how Chainlink works? Read on for our ‘What is Chainlink?’ in-depth guide. On this Page:Contents [show] How to Buy Chainlink Choose a Chainlink exchange – we recommend eToro, which is ASIC, CySEC and FCA regulated Create an account and verify it with your ID Deposit funds into your account, via bank transfer, Paypal, credit card or other payment methods Search ‘Chainlink’ in the drop-down menu to see the LINK price chart Click ‘Trade’ and select an amount of LINK to buy Best Places to Buy Chainlink in January 2022 InvestInvest$=ChainlinkRefreshMore FiltersSort ByRating1 Providers that match your filtersPayment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofortFeaturesInstant VerificationFor BeginnersWallet ServiceMobile AppUsabilityVery GoodGoodAverageBadSupportVery GoodGoodAverageBadFees1 or betterSafety1 or betterCoin selection1 or betterRating1 or betterClear Filter Ratingfor $ 1000 you get67.7289LINKWhat we likeEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionFeaturesPayment methodsfor $1000 you get67.7289 LINKRead ReviewBuy LINKRead Review68% of retail CFD accounts lose money. Compare Cryptocurrency Exchanges Visit Site68% of retail CFD accounts lose money.Visit Site75% of retail CFD accounts lose money. Capital.com does not offer accounts to US residents.Visit Site74% of retail investor accounts lose money when trading CFDs with this provider.Visit SiteThe price and value of any investment in digital asset products can fluctuate.Visit SiteThe traded price of digital tokens can fluctuate greatly within a short period of time.Visit SiteMarket prices for digital tokens can be volatile and highly unpredictable.Visit SiteAs with any asset, the values of digital currencies may fluctuate significantly.Visit SiteThe value of digital currencies can go up or down frequently.Visit SiteTrading leveraged products may not be suitable for all investors.Visit Site71% of retail CFD accounts lose money.Visit Site72% of retail CFD accounts lose money.Rating5.04.94.84.188.8.131.52.184.108.40.206Mobile App Rating10/108/109/109/108/108/109/109/109/109/108/10FeaturesMobile AppWalletNumber of Coins12817592233113750401556FeesTrading FeesSpreadsSpreadsSpreads0.1%0.1%0.1%0.1%0.50%SpreadsSpreadsSpreadsDeposit FeesN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AWithdrawal Fees$5N/AN/A0.0005 BTCN/AN/AN/AN/AN/AN/AN/AExtrasRegulatedASIC, CySEC, FCAASIC, CySEC, FCACySECN/AN/AN/AFCAFCAN/ACBI, MiFIDFCAMin. Deposit$50$20100 EURN/AN/A$10$10$2N/A$100$100Leveraged TradingN/A1 - 30xN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1-100x1 - 30x1 - 30xLatest Prices (per Coin)Bitcoin$37798.88$37832.89$37946.28$37823.44$37863.77$37767.17$37840.83$37885.50$38362.02$37927.38$37817.61Ethereum$2606.10$2560.07$2575.41$2559.43$2577.90$2567.85$2571.23$2574.47$2621.45$2566.46$2570.00XRP$0.63$0.62$0.62N/A$0.23N/A$0.62$0.30$0.63$0.63$0.62Tether$1.00$1.00N/A$1.00$1.00N/AN/A$1.00$1.01N/A$1.00Litecoin$112.34$110.36$110.80N/A$110.00N/A$110.10$110.30$113.01$110.91$110.06Bitcoin Cash$303.86N/A$302.07N/A$506.41N/A$297.97$298.40$302.66$301.92$296.86Chainlink$16.40N/A$16.43N/A$16.36N/A$16.38$16.41N/A$16.65$16.31Cardano$1.11$1.08$1.09N/A$1.07N/A$1.07$1.07$1.09N/A$1.07IOTA$0.88N/A$0.85$0.84N/A$0.83$1.91$1.91$0.87$0.86$0.84Binance Coin$402.36$462.84$393.13$393.03N/AN/A$392.74N/A$396.67N/AN/AStellar$0.21$0.20$0.20N/A$0.20$0.08$0.20$0.20$0.21$0.21$0.20Bitcoin SV$92.34N/A$91.80N/A$182.50N/AN/AN/A$92.34N/A$90.72USD Coin$1.01N/AN/AN/A$1.00N/AN/AN/AN/AN/A$1.00EOS$2.41N/A$2.37$2.35$2.32$2.35$2.34$2.34$2.38$2.38$2.31Monero$154.01N/A$154.62$152.60N/AN/AN/AN/AN/AN/A$124.02Payment methodsCredit CardGiropayNetellerPaypalSepa TransferSkrillSofort How to Sign Up at eToro The first step is to open an account with a broker company. As Chainlink (LINK) is listed on the Blockchain network, finding a broker with access to the blockchain is crucial. We recommend eToro as it’s the easiest fiat on-ramp – it supports the widest range of deposit methods, including Paypal, credit cards, Sofort, Giropay and more. Step 1: Open an Account The first step is to open the eToro website and then register for a trading account by clicking on the “Join Now” button at the center of the screen. You’ll be asked to enter your personal details like full name, nationality, date of birth, address, contact details, username, and password. eToro website homepage Visit eToro Your capital is at risk. Step 2: Upload ID eToro will then require you to verify the provided identity with a copy of your driver’s license or passport to comply with government regulations. A copy of the utility bill or bank account statement will also be required to verify the provided address. The verification will then automatically happen once the documents are uploaded. Step 3: Make a Deposit The minimum requirement for opening an account with eToro is $50, which can be deposited through various methods, including: Debit cards Credit cards Bank transfer Skrill PayPal Neteller eToro charges no deposit fees regardless of payment method. This is less expensive than some of its key competitors, such as Coinbase, which charges 3.99 percent to buy Bitcoin with a debit card. They do also have an exchange Coinbase Pro however where LINK can be bought for a 0.5% or lower fee with a limit order. Different deposit methods on eToro Furthermore, there is no transaction cost if you are a US resident depositing funds through a USD-backed payment method. The minimum deposit is $50 for residents of the United States and $200 for most other countries. Fortunately, eToro has recently added Chainlink to their product offerings, so customers can buy Chainlink and trade it just like all the other cryptocurrencies on the site. It means all the major altcoins are now available under one roof, and you don’t need to go anywhere else. Step 4: Search for Chainlink At this stage of our step-by-step guide, you should now have an eToro account that is funded. Now it’s time to buy Chainlink. The easiest way of doing this is to enter ‘LINK’ into the search box at the top of the page. The process starts with logging into the account by entering the username and password. Type Chainlink or LINK in the search box. The popped-up search results will bring forward a list, and investors will have to click on the desired cryptocurrency. Chainlink on eToro Step 5: Buy Chainlink You can now buy LINK simply by typing the amount you want to invest in the ‘Amount’ box ($25 minimum trade). Chainlink Price Chart Then, click on the ‘Trade’ button to enter the amount of money you want to invest. Lastly, clicking on ‘Open Trade’ will execute the trade. Unlike competitor exchanges, eToro doesn’t charge maker / taker fees, however, there is a spread. Read more about how to buy cryptocurrency in 2022 here. Open eToro Account Your capital is at risk. Where to Buy LINK- Best Platforms eToro is a zero-commission broker located in the United Kingdom. It was founded in 2007, and since then, it has expanded its operations throughout the United Kingdom. eToro is a well-known stockbroker in the UK, with over 20 million active traders. eToro is a member of the FSCS and is licensed by the FCA, ASIC, and CySEC. eToro does not charge any account management fees, deposit fees, rollover fees, or ticket fees. The best feature provided by eToro is its social trading platform and tools, which are very useful for beginner investors. Chainlink on eToro – eToro listed Chainlink in April 2021. Initial Deposit The minimum investment of $50 and traders can fund their accounts through credit/debit cards, bank transfers, or e-wallets like PayPal, Skrill, VISA, or Neteller. Regulation eToro is regulated in the United Kingdom (UK) and worldwide, holding licenses from the ASIC, FCA, and CySEC. In addition to this, eToro is a member of the Financial Services Compensation Scheme (FSCS) that protects the first £85,000 of investors’ funds in case of the broker’s bankruptcy. Buying and selling on eToro can be done online through their desktop site for Windows or Mac, or on their mobile app for Android or iOS. The opening process of an eToro account is straightforward and takes about a couple of minutes. Pros & Cons of the eToro platform: eToro provides copy and social trading. Regulated by ASIC, FCA, and CySEC. Stock trading with no commissions. User-friendly graphical user interface (graphical user interface) stockbroker. Mobile app for Android and iOS Skrill, VISA, Neteller, and PayPal are accepted at eToro. Performing advanced technical analysis can be challenging for pro-traders. On some altcoins, the buy/sell spread is wide. Some low market capitalization coins need time to be listed. Visit eToro 2 – Binance Binance is without a doubt the best eToro substitute. Binance is the world’s largest cryptocurrency exchange in terms of daily transaction volume, with over $20 billion in transactions each day. It provides you with access to hundreds of assets as well as a smooth trading service that makes it easy to generate money. The advantages of Binance are pretty astounding. The trading commission is a flat 0.1 percent, which is low – or 0.075% if you hold BNB and opt to use it to pay for fees. Expert traders can use sophisticated tools, including futures and margin trading, and the exchange offers a variety of deposit and withdrawal methods. When you combine this with Binance’s high liquidity, it’s easy to see why it’s so popular. On September 28, 2017, the Binance exchange listed the LINK/BTC and LINK/ETH trading pairs. Pros & Cons of the Binance platform: Excellent liquidity Outstanding security features Professional traders have access to a wide range of sophisticated items. High fees for credit card deposits. Copy trading isn’t available. Visit Binance 3 – Capital.com Capital.com is a global CFD brokerage with subsidiaries in the United Kingdom, Cyprus, and Belarus. Over 2 million traders call it home, and it has processed over $18 billion in transaction activity. Investors who seek more flexibility in their investments can choose a UK-based trading platform at Capital.com. It is a CFD specialist platform that offers leveraged trading as well as short-selling. LINK can be traded through Capital.com by putting a 50% margin (2:1 leverage) In simple words, a trade of $100 can be made through an account with a balance of only $50. Capital.com platform not only offers to buy the Chainlink (LINK), but investors can also try to short-sell if they think its price will decline in the future or consider that Chainlink (LINK) is overvalued. Over 3,000 of the most liquid assets are spread across five sectors, making it an appealing option for all sorts of traders. Initial Deposit Captial.com requires a minimum deposit of $20 to get an account open. Client funds are fully separated at RBS and Raiffeisen; accounting behemoth Deloitte audits two of Europe’s largest financial institutions and accounts. Through its Prime Capital division, this broker also caters to institutional clients, implying a large liquidity pool. Captial.com offers only a proprietary trading platform. Along with commission-less trading, Capital.com also charges meager spread fees. CFD crypto trading is recommended only for experienced investors, but Capital.com offers to help newbies with educational materials, including a trade learning mobile app. They accept payments through debit/credit cards, bank transfers, or e-wallets. Buy Chainlink on Capital.com Pros & Cons of the Capital.com platform: 100s of UK and US-listed shares are available for trading. Mobile app for trade education AI aid in identifying trading flaws Provides daily trading suggestions Trading in advance with charts and an analysis interface There is no commission at all. It does not support custom trading strategies Visit Capital 4 – Bitfinex Bitfinex is a renowned cryptocurrency exchange that provides advanced trading choices at reasonable prices. Giancarlo Devansini and Raphael Nicolle, the exchange’s founders, created the exchange in the British Virgin Islands in 2012. It is now headquartered in Hong Kong and is led by CEO JL Van Der Velde. In 2020, the company’s net worth was evaluated at more than $800 million, and 2021 witnessed even more growth; the broker saw a 300 percent increase in new customers in just the first three months. The cryptocurrency exchange has grown to become one of the largest in the world, with offices in the United Kingdom (GBP), Europe (EUR), Japan (JPY), and other countries. Its services are most appropriate for experienced or professional traders. In addition to traditional cryptocurrency purchases, the site provides margin trading, staking, and lending. Fee – Taker costs range between 0.2 and 0.055 percent, whereas Maker fees range between 0.1 and 0.0 percent. There is no trading cost for big orders placed through the OTC desk. Bank wire transfers incur a 0.1 percent deposit and withdrawal fee. For foreign withdrawals, this can be increased to 1%. Bitfinex listed Chainlink (LINK) back on August 20, 2020. LINK can be traded with US Dollars (LINK/USD) and Tether (LINK/USDt). Pros & Cons of the Bitfinex platform: Established since 2012 Suited for advanced traders Over 100 supported coins. Accepts bank wire deposits and withdrawals U.S. citizens not accepted Not regulated High trading fees Hacked on more than one occasion Visit Bitfinex 5 – KuCoin KuCoin, which debuted in 2017, is a cryptocurrency exchange that provides third-party brokerage services. Despite having only three years of trading history, the platform has grown to become one of the largest cryptocurrency exchanges in the world. One of the key reasons is that the exchange hosts over 200 coins and over 450 cryptocurrency pairs. This includes big pairs like BTC/USDT and ETH/USDT and a plethora of crypto-cross pairs. Best of all, if you want to trade a less liquid ERC-20 token, you’ll almost certainly find it at KuCoin. KuCoin charges only 0.10 percent for bitcoin trading fees. This puts it on par with companies like Binance. Similarly, KuCoin has its digital token, KuCoin Shares (KCS). By owning and storing KCS tokens, you will receive lower trading costs as well as a percentage of the trading commissions collected by KuCoin. Crypto-to-Crypto Exchanges – Every trading coin pair at KuCoin is crypto-to-crypto, not least because it does not provide any fiat-denominated securities. Instead, if you want to trade in the crypto-to-USD market, you must first trade your selected cryptocurrency against the USDT. KuCoin listed Chainlink (LINK) back on August 20, 2020, and supported trading pairs includeLINK/USDT and LINK/BTC. Pros & Cons of the KuCoin platform: 24/7 customer support No forced Know Your Customer (KYC) checks User-friendly exchange Low trading and withdrawal fees KuCoin Shares allow users to invest in the success of KuCoin. Users can trade using Arwen without having to transfer funds into a third-party wallet. Due to KuCoin’s commitment to rapidly launching new, innovative crypto assets, customers have access to a huge variety of trading pairs. Users can choose from a vast number of trade pairs. No bank deposits Since it’s a crypto-only exchange, it can be tough for newbies to utilise. Lacks the trading volumes found on some of the more established platforms. No fiat trading pairs Visit KuCoin 6 – Bybit Bybit is a newer trading platform that debuted in March 2018. It provides an industry-leading leverage trading exchange focusing on cryptocurrency derivatives, trading key coins such as Bitcoin, Etherrum, and EOS against the US dollar. The exchange’s core offering is perpetual futures with 100:1 leverage, putting Bybit in direct rivalry with existing margin trading platforms like BitMEX and Deribit. This Bybit exchange review is intended to provide you with an in-depth look at how the platform works, as well as its primary benefits and drawbacks. Takers are charged a fee of 0.075 percent each order, which is a fairly normal rate in the market. On the other hand, Makers pay a 0.025 percent fee — so if you are the maker in a $1000 trade, you would only pay $997.50, which we thought to be a reasonable cost. The fees are the same regardless of the currency used in the transaction. There is also a tiny cost of 0.0005 Bitcoin for BTC transfers, which is lower than the global industry standard. Pros & Cons of the Bybit platform: Trustworthy and reputable trading platform 4th largest derivatives exchange in the world by volume Variety of markets including spot, perpetuals and Futures Advanced and feature-rich trading platform Intuitive and responsive mobile app Difficult for beginners to navigate Limited number of spot trading pairs against BTC Visit Bybit What is Chainlink? Chainlink is an Ethereum-based blockchain project with an aim to build bridges between payment services like VISA, PayPal, banks, and blockchains like Bitcoin and Ethereum. It is the first platform of its kind with an oracle service. The feature of transferring data from off-chain sources to on-chain applications is referred to as an oracle service. In 2015, when smart contract functionality was first introduced after the launch of Ethereum, they were largely limited in the use of blockchain-specific applications. However, with the creation of Chainlink, the developers have expanded the usage of smart contracts by making it possible to leverage Chainlink oracle services in order to communicate with off-chain systems and APIs. Not only this, but Chainlink also ensures the validity of the data by verifying it by making the process decentralized. Chainlink confirms that all off-chain data brought in to ensure on-chain is valid by creating a decentralized oracle network that uses smart contracts to verify oracle integrity, order match, and aggregate results. The concept behind Chainlink is entire to make smart contracts more connected to the outside world. Sergey Nazarov – Chainlink was founded by three main authors, but there is a whole team behind the creation of this platform. The CEO and co-founder of Chainlink is Sergey Nazarov, who has also founded a ShapeShift-like cryptocurrency exchange, Secure Asset Exchange. He also founded CryptoMail, a decentralized email service. Steve Ellis – The next name in the founding team of Chainlink is Steve Ellis, who also worked previously on the Secure Asset Exchange. Before entering the blockchain industry, he used to work as a software engineer at Pivotal Labs. Now, along with being a co-founder, he is also the company’s CTO. Ari Juels – The third most important person in the team of Chainlink is Ari Juels, who also helped Nazarov and Ellis in writing the whitepaper of Chainlink. He is an advisor to Chainlink and prior to this, he was a computer science professor at Cornell Tech and the director of IC3. Andrew Miller – Another advisor to Chainlink and a member of the team is Andrew Miller, who has worked as an associate professor of computer science at the University of Illinois. He is also an advisor to Tezos and Zcash. The last important team member of Chainlink involves Hudson Jameson, who is one of the prominent Ethereum developers. Chainlink has secured many partnerships in a short period of time since its launch in 2017. The most prominent partnership that has been seen for Chainlink is with the SWIFT banking system. Chainlink has provided SWIFT Smart Oracle to them which uses Chainlink solutions to automate bond coupon payments. Chainlink was also a winner of the Innotribe Industry Challenge 2016, which is a segment of SWIFT focused on innovation. Other partnerships include Zeppelin OS, which helped in creating a smarter, faster, and easier smart contract development process, IC3’s Town Crier, a patent-pending system that leveraged trusted hardware, Factom, a decentralized data storage system using blockchain and smart contracts. Furthermore, the Request Network, which creates an open-source, standardized, and decentralized PayPal-like currency agnostic network, is also working with Chainlink to look into a possible fiat integration. Chainlink has been selected by the World Economic Forum’s report as the “Shift in Action” for smart contracts. Performance of Chainlink (LINK) The token of Chainlink is an ERC677 token which is an extension of ERC20. The total supply of Chainlink’s token (LINK) is 1,000,000,000 LINK. The circulating supply of the token is 459,509,554 LINK coins. Almost 30% of the tokens have been kept to ensure continued development and payment to its staff. It has been launched on many famous exchanges, including Binance, Huobi Global, Mandala Exchange, OKEx, and FTX. The whitepaper for Chainlink v1.0 was released on September 4, 2017. Chainlink launched the LINK token ICO in September 2017 with 35% of the total supply of one billion. The initial price of LINK was 0.11 USD, and the project successfully raised the hoped-for $32 million from the sale of the ICO. The Chainlink token is used in the network to compensate Chainlink Node Operator for the retrieval of data from external data sources, turning it into a blockchain readable format, off-chain computation, and uptime guarantees. It means a company that chooses to use Chainlink node for enhancing smart contract usage will have to do it only with LINK tokens. Chainlink node operators determine the final price according to the demand for the off-chain resource and the supply of similar information. The LINK token continued moving within the range of $1 and $4 during the initial years of its launch. The coin experienced its first bullish momentum at the beginning of the 2nd quarter of 2020, which pushed its prices to as high as $19.67. After that, the coin kept moving in the range of $8 to $14. The next bullish momentum was triggered at the beginning of 2021, which pushed the prices of LINK to $25 in just one month. The rally was not short-lived as the token continued its upward momentum for 4 consecutive months and reached as high as $32 in April 2021. The LINK token reached its all-time-high level at $51.94 in May 2021, when it experienced a massive correction and profit-taking, which triggered bearish pressure and the coin started to fall. LINK reached $13 in July and since then it has been moving in a range of $14 to $30. The current price of LINK/USD is $26.35. Is it Worth Buying Chainlink (LINK) in 2022? The price of chainlink has surged about 1500% in just 3 years and the outlook suggests further increases in prices for the rest of this year. The unique features of Chainlink have made its token LINK strong in the market as it provides a solution to one of the biggest pain points in the blockchain industry. Since its inception, it has gained about 15X, and in just 3-4 years, the network has secured many partnerships. The more partnerships it gets, the stronger the network becomes. There are endless cryptocurrencies, exchanges, and legacy tech projects that can be connected with Chainlink. Even organizations building their own blockchains could hypothetically use Chainlink to connect to their other proprietary platform. Chainlink’s token has gained momentum slowly, but since the beginning of 2021, the token has seen a massive surge in its prices. The increased number of partnerships and the launched upgrades have improved the outlook for LINK, which makes it a worthwhile digital asset to buy in 2021. Will the Price of Chainlink (LINK) Go Up in 2021? So far this year, LINK has seen a 136% rise in its value which was triggered by the recently released white paper of Chainlink v2.0. The new features, which were released in April 2021, broaden the capabilities of the Decentralized Oracle Network. The whitepaper described how Chainlink will evolve to provide both tamper-proof data delivery and secure off-chain computation. The new feature is related to hybrid smart contracts, which have brought together on-chain and off-chain computing resources. The new feature has also made the technology faster and more capable of processing greater levels of traffic. With the launch of Chainlink 2.0, the network has secured many new partnerships, including one of the biggest, with Cardano. The technology company behind Cardano, InputOutput, has secured a partnership with Chainlink in September 2021, to provide oracle integration for smart contract developers. The increased adoption of Chainlink holds great future potential for the LINK token, which could raise its prices further in the coming months of 2021. Chainlink (LINK) Chart – Coinmarketcap Digital Coin Price – ‘The price of Chainlink is expected to rise in both the short term and the long term. The price of 1 LINK might reach $70.15 by the end of 2021.’ Changelly – ‘Chainlink price outlook suggests that it has a bullish trend and could range between $30 and 60% for the whole of 2021.’ Trading Beasts – ‘Chainlink price is anticipated to reach around $50 by the end of 2021.’ Coinpedia – ‘Chainlink’s price could reach $42.44.If the trend moves in an upward direction, it could reach $75.24 and if the trend turns down, it could remain at $27.08.’ How to Choose the Right Crypto Broker Given the wide variety of brokers from which to purchase Chainlink (LINK), you must make the best option possible. Consider the following aspects while looking for the best broker for you: 1. Charges What is the relevance of selecting a low-cost broker while trading cryptocurrencies like Chainlink (LINK)? Because costs can easily add up. Before choosing a trading platform, get a breakdown of the broker’s fee structure. Withdrawal and deposit fees, transaction fees, and trading fees should all be mentioned. 2 – Security To prevent unauthorized access to your money, the right broker should have suitable safety and security measures in place. 3. Assistance A reputable broker will also have a robust customer service staff to help you with all of your needs. 4. Deposit Alternatives You want to be able to deposit as many funds as possible. There are always numerous options, ranging from bank transfers to credit cards to payment processors. Just keep in mind that each one has its own set of costs. When you’re considering an investment, follow these things: Every cryptocurrency carries hazards, and this is especially true for Chainlink (LINK). So, whenever you invest, make sure you don’t get caught up in FOMO. Before investing in any digital asset, you should do your own study in addition to following others. 1 – Research, research, research: Before investing your money, conduct thorough research on the product to avoid hazards related to it. Here are the several ways we investigated: Investigating social media platforms Considering forthcoming events Investigate the fundamentals Discover popular subjects. Make use of the potential of specialist forums. Attend crypto meetups. Take note of the transaction volume. Keep track of the market: The second stage in learning more about your chosen product or digital asset is to monitor the market. The market may move in a path that differs from your expectations, and remaining cool when the market moves in a different direction is equally important. The easiest approach to keep up with the market is to read through review sites and recommendations. Buying Chainlink (LINK) as a CFD Product Contracts for difference (CFDs) are financial derivatives that enable you to speculate on numerous financial markets without owning the underlying asset. It is commonly utilized in established markets such as currency pairs, stocks, bonds, indexes, and commodities. CFD trading requires more than just buying and selling; it also entails agreeing to exchange the difference in the price of an asset when the contract is opened and when it expires. CFD trading has entered the cryptocurrency market, and Chainlink (LINK) is now available as a CFD product. If you’re having problems understanding bitcoin trading and where to keep your crypto funds, you can earn from Chainlink (LINK) by using CFDs. We advocate trading Chainlink (LINK) CFDs on the Binance or Capital or platforms because they are regulated and include a variety of analytical tools. Another popular leverage trading platform for altcoins is CryptoRocket. They don’t currently support LINK but so support ETH, DOGE, XRP, LUNA and more so we could expect them to list LINK soon. Visit CryptoRocket Taxation on Chainlink (LINK) Earnings: As the cryptocurrency market is still new and finding its ground, regulatory agencies, including the SEC, are looking to regulate this industry. Furthermore, the Internal Revenue Services have been trying to set up a tax regime for cryptocurrencies. Currently, cryptocurrencies and digital assets are treated as properties and fall under the capital gain tax bracket. However, in certain situations, some earnings from cryptocurrencies are also considered income and fall under the income tax bracket. The following are the taxable events that qualify for capital gains and income taxes when trading digital assets. The Internal Revenue Service (IRS) issued IRS Notice 2014-21, IRB 2014-16, providing guidance for individuals and corporations on the tax treatment of virtual currency transactions. Individuals who have bitcoin as a capital asset but are not in the trade or business of selling cryptocurrency might find answers in the IRS’s Frequently Asked Questions on Virtual Currency Transactions. Profit is referred to as gain in the tax world. It’s the difference between your tax basis (typically what you bought for the shares plus transaction charges) and the amount you get when you sell or exchange them. Taxable events that are considered property gains tax in the US: Exchanging your cryptocurrency for fiat money Making purchases with crypto. Swapping one cryptocurrency for another – whether through an exchange or a peer-to-peer (P2P) channel – is common. Taxable events that are considered income taxes: Block rewards from cryptocurrency mining Crypto assets are earned from liquidity pools (LPs) or staking. Receiving crypto for services rendered Getting crypto from an airdrop Earning interest from lending to decentralized finance (DeFi) platforms Be aware that you can write off your capital gains tax through losses incurred from trading. You can also save up to $3,000 of your income taxes, depending on how long you have held on to an asset. Calculating Your Capital Gains Tax The crypto market has seen exponential growth in the past year, and government agencies are trying to take knowledge of it. Given the recent spike in the non-fungible token (NFT) sub-sector, the IRS is also looking to get a piece of the crypto pie. Two things largely decide the number of capital gains tax rates for cryptocurrencies, first, your income tax bracket, and second, how long you have held on to your crypto asset. This will help you calculate your: a) Capital Gains on Short-Term Investments The short-term capital gains tax largely depends on how long you have been trading or holding cryptocurrencies. If you have made gains or losses from trading or holding crypto for less than a year, you will be taxed under your normal tax bracket. Losses you incur for that trading year can prove useful. Leveraging on a tax-loss harvesting strategy, you can write off up to $3,000 of your taxes. You also enjoy the privilege of post-dating your taxes to the next year. b) Capital Gains on Long-Term Investments Long-term capital gains apply if you have been trading cryptocurrencies for upwards of a year. You will pay taxes between the range of 0 to 20% depending on your income. We have itemized the income tax brackets on this link. Automated Trading With Robots A trading robot is a computer program that, on a computerized basis, executes all of the activities of a professional trader on an exchange. The computer software is a fully automated version of tried-and-true trading techniques. Regardless of the direction in which asset values are moving, robots tend to outperform humans during periods of substantial market volatility. This is because they rely on trading strategies that are meant to generate profits even when the market is down. In addition, the most successful bitcoin bots in the world are known for their lightning-fast research and execution. As a result, they can complete a huge number of transactions every day and thereby take advantage of any trading opportunities that arise. Trading Chainlink (LINK) can be a difficult profession for anyone, and there is no assurance that your market analysis will result in a profit. There are other sure ways to grow your capital with little to no effort to get around this problem. Ideally, the bots make a profit, and that profit is bigger in risk-adjusted terms than if you had just bought and held the same coins throughout. Chainlink Mining: Can You Mine LINK? Yes, you can mine Chainlink. Every ASIC mines the Chainlink block. However, this block is then shared among all miners. How long it takes to mine 1 block of Chainlink for yourself is determined by your hash rate, which is essentially the power of your mining rig. Using a GPU to mine Chainlink will yield the best results. Proof-of-Capacity (PoC) – Chainlink’s proof-of-capacity protocol is the most recent, having been launched in 2013. Coins are dispersed among miners over a long period of time in this process. To mine, all that is required is hard disc space. How long does Chainlink mining take? Every ASIC mines the Chainlink block. However, this block is then shared among all miners. How long it takes to mine 1 block of Chainlink for yourself is determined by your hash rate, which is essentially the power of your mining rig. Using a GPU to mine Chainlink will yield the best results. How much does one Chainlink cost to mine? It is impossible to say how much it costs to mine 1 block of Chainlink because the price of your electricity varies. However, if you want to be profitable, you must invest in specialist mining rigs known as ASIC. They were designed to mine cryptocurrency, and as a result, they have ideal characteristics for the purpose, as well as excellent efficiency. How can I mine Chainlink on a computer? Although it is feasible to mine Chainlink on your computer, if you are serious about cryptocurrency mining, you should consider investing in an ASIC mining rig. In fact, the best way to mine Chainlink is using a GPU. Anyway, if you truly want to go the computer route, try joining a miner pool. How can I join Chainlink? The best way to get started with Chainlink is to start from the ground up, which includes mining. In this manner, you may get your hands dirty and gain valuable expertise with this coin. We recommend GPU mining for Chainlink is the best technique to mine. Decreasing Risk in Chainlink (LINK) Investment: Every investor needs to find ways to protect themselves from any big loss. If you want to cap your risks, then follow these rules: Hedge your risks: You should always have a well-balanced portfolio of investments. Use financial instruments strategically to mitigate the risk of adverse price movements. On the other hand, the investors hedge one investment by making a trade-in another. Use a stop loss: A stop-loss order is used to restrict an investor’s loss on an adverse move in a security position. You don’t have to monitor your holdings on a daily basis if you use a stop-loss order. An investor’s ally is a stop loss. Be a note of it and make sure you stick to it. When things don’t go as planned when investing, you’ll want to know when to take your money out. Set a target: Short-term traders who want to manage their risk should employ take-profit orders. This is because they can exit a transaction as soon as their predetermined profit target is met, avoiding the risk of a market decline. Traders that follow a long-term strategy dislike such orders since they reduce their profits. Use multiple exchanges: To reduce risk in crypto trading, I use a variety of exchanges, employ hardware wallets, and invest in a variety of narratives (Oracles, Defi, or insurance). To reduce risk when trading, trade only when truly strong patterns form or when a coin has reached its bottom. Fundamental & Technical analysis: When it comes to investing, I prefer to focus on coins with strong fundamentals. I only invest on rare occasions in response to news or other events. If I decide to invest, I will also do technical analysis. I consider things like where the currency is in its life cycle. Are there any trading patterns? For the coin, there is support and resistance, recent price history, news, and forthcoming events. If I invest in fundamentally sound coins, I can stay calm even if the price changes a lot because I know the price will eventually rise. Chainlink (LINK) vs. Other Cryptocurrencies Chainlink (LINK) vs. Ethereum (ETH) Chainlink and Ethereum have a fundamental and deep relationship. Chainlink, you see, is based on Ethereum. This means that Chainlinks “does its thing” on the Ethereum network. It is now, at least initially, extending out to numerous blockchains, broadening its base of operations. But here’s the thing: Ethereum needs Chainlink as well! The rationale for this is that Ethereum’s blockchain cannot use real-world data, separating it and limiting its potential use cases. Chainlink connects the real world to the Ethereum network, making it useable for enterprises and institutions outside of the crypto-space. Chainlink (LINK) vs. Bitcoin (BTC) Chainlink is anticipated to yield 1.54 times lower ROI than Bitcoin during a 90-day trading horizon. Furthermore, Chainlink is 1.45 fold more volatile than Bitcoin. It trades roughly 0.23 percent of its entire potential returns per unit of risk. Bitcoin’s volatility is currently around 0.52 per unit. If you invested $4,062,307 in Bitcoin on July 21, 2021, and sold it today, you would receive a total of $2,025,470, or a 49.86 percent return on capital over 90 days. On the flip side, Bitcoin uses peer-to-peer technology to manage transactions and issue new bitcoins without a central authority or banks. The network as a whole is in charge of these tasks. Anyone can participate in Bitcoin because it’s open-source and nobody owns or controls it. Several Bitcoin’s unique qualities enable it to be used in ways no other payment system has been able to. Chainlink (LINK) vs. Polkadot (DOT) Both projects are created to make a world where all networks and blockchains can interact with each other and work together, but there are some differences. Chainlink is an Oracle-based network built on Ethereum, whereas Polkadot is a next-generation blockchain that seeks to run without any of Ethereum’s problems. Polkadot also offers ways to improve blockchain interoperability. Polkadot enables information to be effortlessly exchanged between different chains, essentially solving the blockchain’s scalability problem. Chainlink (LINK) Price Predictions: Where Does LINK Go From Here? When it comes to volatility, LINK, like every other crypto asset, there is no exception. It all comes down to how well a cryptocurrency asset manages its highs and lows. Chainlink has been diligent in launching products and developments on schedule and has continually grown. Many analysts believe Chainlink’s fundamentals are strong. This naturally increases demand for its native token, LINK. Chainlink is currently trading at about $25.95 per coin, with a 24-hour trading volume of $3,051,497,131. The market capitalization of LINK is $19,968,436,796. Chainlink’s oracle services allow diverse blockchains to communicate and interact with one another, and this is also true for bitcoin market data. This improves Chainlink’s functioning. This has also been reflected in Chainlink’s price trends. Chainlink is rated as one of the 100 startups on the World Economic Forum’s current technology pioneers list as a pioneer in Oracle solutions. Chainlink (LINK) Daily Chart – Tradingview Chainlink Price Prediction for 2021 With all of the aforementioned factors working in Chainlink’s favor, the currency appears to do exceptionally well over the next year. Even if some limits exist owing to a lack of connectivity with certain other resources, these hurdles are gradually reduced at the backend. Chainlink has the inherent possibility of expanding smart contracts, giving data access for events, transactions, and continuing in the same vein. By the end of the year, the LINK price should easily reach $60. Chainlink Price Prediction for 2022 Over 19,000 people are now working as Chainlink Node Operators, putting the project on track to become a completely decentralized oracle network. Keeping up with the bullish trend, the price prognosis for Chainlink for the entire year remains extremely encouraging, with the possibility of crossing the $75 barrier at the start of 2022. It may be difficult to predict when Chainlink will break through the high. Chainlink Price Prediction for 2023 Over the next few years, mass adoption is expected to catch up, with LINK pricing to broader community acceptance climbing past $100 to set a new all-time high. It will undoubtedly pay off in the long run. Chainlink has a significant advantage in that it has no direct competition. The function is a well-thought-out network powered by masterminds. Chainlink (LINK) Daily Chart – Fibonacci Retracement in Play Chainlink Price Prediction for 2024 Assuming all scenarios of market sentiments and news playing hide and seek, as well as any other unforeseen circumstances or competitor coins providing a difficult road ahead, Chainlink price could experience a very minor correction, bringing it down to its support levels of around $80-$90 at best. However, such a stunning possibility does not exist, and the bull run will continue to ride the crypto market. It is once again projected that the LINK will reign over the crypto kingdom at a price of $130 sooner or later. Chainlink Price Prediction for 2025 On a long-term price estimate for Chainlink, optimism appears to be catching up with the heat. Surpassing all predictions, the LINK price projection is certain to win all seasonal battles, racing ahead with $150 by the end of 2025, a never-before-seen surge. Many observers feel that Chainlink’s success is linked to Bitcoin and Ethereum because it is an ERC-20 token. There may be fluctuations based on whether the currency depreciates or appreciates. Stagnation might creep in at times. This, however, could not be considered for a longer period of time. Everything is dependent on team activity, a prospective technology breakthrough, or a high-level relationship. As previously mentioned, Chainlink must undergo a huge redesign in terms of developing partnerships and collaborations that not only improve awareness but also infuse more finance into the project, making it relevant for all users and investors alike. Its cost would then be multiplied by a factor of ten. Summary Chainlink is an Ethereum-based blockchain project with the aim of building bridges between payment services like VISA, PayPal, banks, and blockchains like Bitcoin and Ethereum. It is the first platform of its kind with an oracle service – the feature of transferring data from off-chain sources to on-chain applications. In 2015, when smart contract functionality was first introduced after the launch of Ethereum, they were largely limited in use to blockchain-specific applications. However, with the creation of Chainlink, the developers have expanded the usage of smart contracts by making it possible to leverage Chainlink oracle services in order to communicate with off-chain systems and APIs. If you’re ready to invest in LINK, we recommend regulated and user-friendly exchange eToro, where you can buy Chainlink. You should also remember the following: It takes a lot of time and effort to invest in Chainlink and trade it. Chainlink is a risky investment because of its huge return potential. Invest just what you can afford to lose. Only use registered brokers and exchanges when trading or investing. You should also consult review sites and online specialists for their thoughts on Chainlink. eToro - Our Recommended Crypto Platform Our Rating ASIC, CySEC and FCA regulated - 20 Million Users Worldwide Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort Free Demo Account, Social Trading Community Free Secure Wallet - Unlosable Private Key Staking Rewards for holding ETH, ADA or TRX Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit Buy Crypto 68% of retail investor accounts lose money when trading CFDs with this provider. FAQs Any risks in buying Chainlink (LINK) now? There's always risks in buying digital assets. The major risk is in the possibility of Chainlink (LINK) price falling off the cliff or the asset becoming totally worthless. Should I buy Chainlink? When it comes to volatility, LINK, like every other crypto asset, is no exception. It all comes down to how well a cryptocurrency asset manages its highs and lows. Chainlink has been diligent in launching products and developments on schedule and has continually grown. Many analysts believe Chainlink's fundamentals are strong. This naturally increases demand for its native token, LINK. LINK price projection is certain to win all seasonal battles, racing ahead with $150 by the end of 2025, a never-before-seen surge. Where can I spend my Chainlink? Chainlink (LINK) is still not as widely used as Bitcoin. However, there are an increasing number of stores that are now accepting it. In any case, you can always convert Chainlink (LINK) into other cryptocurrencies like Bitcoin, Ethererum, or Tether to make payments online. Is it safe to buy Chainlink (LINK)? Chainlink is an Ethereum-based blockchain project with an aim to build bridged between payment services like VISA, PayPal, banks, and blockchains like Bitcoin and Ethereum. It is a first platform of its kind with oracle service. The feature of transferring data from off-chain sources to on-chain application is referred to as an oracle service. Therefore, Chainlink (LINK) is a safe buy, however, we recommend not to put all your investment in one basket. Will Chainlink (LINK) ever hit $150? On a long-term price estimate for Chainlink, optimism appears to be catching up with the heat. Surpassing all predictions, the LINK price projection is certain to win all seasonal battles, racing ahead with $150 by the end of 2025, a never-before-seen surge.