Chainlink (LINK) is a project attempting to rectify one of the biggest problems facing the blockchain sector, how to communicate information to and from the blockchain. Chainlink seeks to create the world’s first blockchain oracle network. An oracle blockchain network would be able to leverage the same technologies found in traditional blockchains to ensure that the nodes in operations are functioning properly and their data is accurate. To learn more please visit our Investing in Chainlink guide.
We list the top 3 brokers that offer the ability to buy Chainlink (LINK) from the United States.
Important Considerations Before Buying Chainlink in the USA
As with getting involved in any form of trading, there are a number of important points you have to take into account when buying Chainlink in the USA. These can apply whether you are a brand new trader, or you are changing over to a new broker.
Market Volatility: Particularly with Chainlink and other cryptocurrencies, this is a point to be mindful of. Markets can move quickly and sharply in both directions. You need to ensure you have adequate risk management tools in place to help you stay protected.
Local Rules and Regulations: These rules will vary from place to place and country to country. It is important then that you familiarize yourself with such regulations so you can operate as effectively as possible.
Broker Trustworthiness: This is a huge consideration when choosing any broker to trade in any asset class. You are investing through them so you want to be sure your funds are as safe as possible. All services we have listed below have some of the best trust ratings in the industry.
Best Places to Buy Chainlink in the USA
Uphold is a commission-free desktop and mobile trading platform that gives you access to, and the opportunity to trade Chainlink (LINK) and dozens of other cryptocurrencies. They have been in operation since 2014 and now boast a very credible reputation with more than 1.5 million users worldwide.
One of the most unique features offered by the company is that you can trade directly across asset classes. This vastly improves efficiency and allows for you to avoid any unnecessary conversion fees. So, if you want to trade Bitcoin for gold, or vice versa, Uphold is the place you can do that.
The services spread on Chainlink (LINK) and other cryptocurrency ranges from 0.8% to 1.2% depending on the asset. This is the only fee you will have to think about though with Uphold being completely transparent and charging no commission. As a US trader, you will also be able to take advantage of the Uphold debit card that allows you to manage and spend funds directly in your account all while earning cashback and crypto rewards.
For the full lowdown, see our Uphold review or visit Uphold to get started now.
Kraken is a major cryptocurrency exchange worldwide with an excellent reputation and over a decade of operation to their name. They offer trading in Chainlink (LINK) and a wide range of other cryptocurrencies in both the USA and many other countries around the world.
The exchange is very competitive on fees that rival any of the other major exchanges with a maker fee of 0.16% and a taker fee of 0.26% that drops progressively the more you trade and can reach 0% and 0.1% respectively above a $10 million monthly trading volume.
Another big positive for the broker is that they make trading accessible to all levels of user. There are several different settings based on your level of experience that you can choose from for a more in-depth trading experience in terms of technical detail, yet the overall opinion remains that the trading environment is very user-friendly and intuitive. There are also a host of unique and innovative features to look out for including access to crypto futures trading, and leverage that can reach 50:1.
With a minimum deposit of just $1, there is no reason not to get started. Take a look at our full Kraken review, or visit Kraken to get started.
KuCoin is one of the most popular cryptocurrency exchange choices for traders in the USA and around the world. They have a depth of experience spanning more than a decade in the industry and this stellar experience and reputation are only matched by the impressive number of cryptoassets on offer including Chainlink (LINK). At the time of writing, you can choose from more than 200 different currencies to trade in.
KuCoin offers some of the lowest fees in the business with a maximum fee of 0.1% if you are trading on the spot markets with the exchange. This can be even lower depending on how many of the native platform token KCS (KuCoin Shares) you have. You can also trade directly fiat to crypto through their P2P marketplace where the fee will depend on your payment method.
Alongside these industry-low fees, you will find a very user-friendly trading platform that has all the features you need for trading at any level and one of the most popular features which is the ability to trade crypto futures and also access huge leverage that can be as much as 100:1
You can read our full KuCoin review for more, or visit KuCoin.