The cheapest way to buy Chainlink (LINK) in the UK is with Binance. With this route, you can deposit GBP with a UK bank transfer and buy Chainlink (LINK) at the real exchange rate without paying more than 0.1% trading fees.
While there are some good alternatives to Binance in 2021, none of them allows you to buy Chainlink (LINK) as cheaply as this.
Scroll down to find out more about the best ways to buy Chainlink (LINK) in the UK.
Summary: Best Places to Buy Chainlink (LINK) in the UK
This table summarises the best places that you can buy Chainlink (LINK) in the UK with various payment methods.
|Provider||Payment Method||Fees (Approx.)|
|Binance||UK Bank Transfer||< 1%|
|Coinbase Pro||UK Bank Transfer||< 1%|
|Kraken||USD, EUR, BTC, & ETH||< 1%|
|CoinJar||UK Bank Transfer||1%|
|Solidi||UK Bank Transfer||1-2%|
|Crypto.com||Credit & Debit Card||2.99%+|
|BC Bitcoin||UK Bank Transfer||3% (Exclusive Discount)|
Without a doubt, Binance is the best place to buy Chainlink (LINK) in the UK with a UK bank transfer. The price isn’t inflated (i.e. it’s the real exchange rate) and there are almost zero fees. The maximum trading fees you’ll pay on Binance are 0.1%.
If you don’t want to use a cryptocurrency exchange, check out CoinJar. This is easier, quicker, and more beginner-friendly than using one of these cryptocurrency exchanges – but their fees are a bit higher.
Keep reading for more details.
How to Buy Chainlink (LINK) in the UK
1. Binance [Cheapest UK Option]
Binance is the cheapest way to buy Chainlink (LINK) in the UK.
In 2021, you can deposit GBP into Binance using a UK bank transfer for FREE. This is processed via Faster Payments, which means that GBP you send to your Binance account will be credited within about 15 minutes.
However, the first GBP deposit you make will take much longer than this to be processed (as it has to be manually checked).
Binance has some of the lowest trading fees around. You’ll pay a maximum of 0.1% in fees. However, you’ll pay even less if you use Binance Coin (BNB) to pay your trading fees.
Without a doubt, Binance is the best cryptocurrency exchange available to UK residents right now. In addition to Chainlink (LINK), you can use it to cheaply buy more than 250 cryptocurrencies.
If you don’t already have an account, it’s 100% worth checking out.Binance WebsiteBinance Review
2. Coinbase Pro
Coinbase Pro (previously GDAX) is the second cheapest way to buy Chainlink (LINK) in the UK.
With this, you can deposit GBP using a UK bank transfer and have it credited in minutes (after your initial deposit from a new bank account).
You can then buy Chainlink (LINK) at the real market rate while paying barely any fees. If you trade less than $10,000 worth of cryptocurrency every month on it, you’ll have to pay trading fees of 0.5%.
Like other places, you will be charged a variable fee to withdraw Chainlink (LINK) from Coinbase Pro to your own wallet. When I checked recently, it was quoting me about £5 to withdraw less than £100 worth of Chainlink (LINK).
CoinJar allows you to buy Chainlink (LINK) with a UK bank transfer. It supports a growing number of other cryptocurrencies too – including Compound (COMP), Basic Attention Token (BAT), Litecoin (LTC), and more.
It charges higher fees than cryptocurrency exchanges like Binance or Coinbase Pro. Regardless of whether you’re buying Chainlink (LINK) or any other supported cryptocurrency, you’ll be charged a fixed fee of 1%. Whenever I’ve checked, I’ve also found that the prices you’re quoted aren’t much higher than you’d find on an exchange (around 0.5%).
However, CoinJar is a lot more beginner-friendly than using a cryptocurrency exchange. Given how cheap and easy it is to use, they’re frequently included in my other buying guides.CoinJar ReviewCoinJar Website
4. Crypto.com App
Crypto.com is a convenient way to buy Chainlink (LINK) in the UK with a credit or debit card. Like CoinJar, this mobile app is easier and more intuitive for beginners to get started with them a cryptocurrency exchange like Binance or Coinbase Pro.
Crypto.com allows you to deposit GBP via a UK bank transfer, but you can also use it to buy Chainlink (LINK) and 90+ other cryptocurrencies with a credit or debit card. If you’re a UK resident, you’ll pay 2.99% in fees.
You can use the Crypto.com app to buy and sell more than 90 cryptocurrencies too. And they’re continuing to add more all the time.
Unfortunately, there is one significant downside. You won’t be quoted the real exchange rate (i.e., what’s charged on an exchange like Binance). I’ve consistently found that the prices you’re quoted for Chainlink (LINK) are more than 1% higher than they should be.
This effectively means that you’ll be charged 4% (or more) in fees to buy Chainlink (LINK) with a credit or debit card using the Crypto.com app (which sucks).
Check out my Crypto.com review to find out more about everything that they offer.Get Started Now
After an “unprecedented number of requests”, you can now buy Chainlink (LINK) using Solidi.
Just send GBP using a simple UK bank transfer and you’ll normally have any supported cryptocurrency credited to your account minutes later.
It’s fast, simple, and painless – making it perfect for beginners.
Solidi’s fees are competitive too. They’re built into the exchange rate, but there’s nothing extra you have to worry about. When I checked them out, their rates were about 1% above the real exchange rate (but it does vary day-to-day).
On top of this, they offer FREE Chainlink (LINK) withdrawals. Not bad!
To learn more about them, check out my full Solidi review.Visit Solidi Website
EXTRA: Best Chainlink (LINK) Wallets
Unless you’re looking to trade cryptocurrencies back and forth, you’ll find that most people will recommend you move your Chainlink (LINK) into an external wallet which YOU have the private keys for.
Chainlink (LINK) is an ERC-20 token, so there are lots of wallets that you can download on your computer or mobile phone that’ll support it. This includes:
- Atomic Wallet (Desktop & Mobile Wallet)
- Coinbase Wallet (Mobile Wallet)
- MyEtherWallet (Web Wallet)
- MetaMask (Browser Extension)
Chainlink (LINK) is also supported by many of the best hardware wallets. This includes the:
I’ve found that the Ledger Nano S is frequently recommended across the crypto-community. That’s probably because it’s one of the cheapest options, but also supports tons of popular cryptocurrencies.
To learn more about it, check out my Ledger Nano S review.
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