Chainlink Price CAD
What is Chainlink?
Chainlink is a decentralized oracle network that aims to provide smart contracts with real-world information in a secure and reliable way, so that the agreements contained within those smart contracts can be executed and settled by a third party that isn’t tied to a central authority.
Its use cases are far ranging, from providing reliable data to smart contracts for insurance purposes, to powering Decentralized Finance (DeFi) applications.
Chainlink also acts as a link between blockchains, aiming to be a sort of HTTP protocol or Internet of Blockchains.
LINK is the native token for the Chainlink network.
How to buy Chainlink in Canada
To begin purchasing Chainlink (LINK) tokens in Canada, users simply need to sign up on Bitbuy in order to create an account. Once they get verified, they can add funds directly from their bank accounts to purchase the token.
Secure way to buy Chainlink in Canada
Buying Chainlink in Canada is easy with Bitbuy. Once you’ve registered for an account and completed your KYC verification, you can then complete e-transfer from your bank to your Bitbuy account and exchange your Canadian dollars for cryptocurrency.
The easiest way to buy Chainlink is on Bitbuy’s Express Trade, where you’ll be able to buy LINK directly with your CAD balance.
If you want to buy Chainlink at a set price, you can also execute a buy limit order on Bitbuy Pro, which only places your purchase once the value of the Chainlink token drops below a predetermined price you choose.
Once you have your tokens, you can keep them on the Bitbuy exchange if you plan to make quick trades for profit or withdraw your LINK tokens to an Ethereum-friendly wallet of your choice (LINK tokens are Ethereum compliant and use the ERC-667 token standard).
Interesting Chainlink facts
Google has tapped Chainlink as an official Cloud Partner and the relationship suggests a deep and detailed interest in blockchain technology.