How to Buy Chainlink (LINK) in the UK (2021)

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.

ProviderPayment MethodFees (Approx.)
BinanceUK Bank Transfer< 1%
Coinbase ProUK Bank Transfer< 1%
KrakenUSD, EUR, BTC, & ETH< 1%
CoinJarUK Bank Transfer1-1.5%
SolidiUK Bank Transfer1-2%
Crypto.comCredit & Debit Card2.99%
BC BitcoinUK Bank Transfer5%

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%.

You can also use Coinbase Pro and Kraken to buy Chainlink (LINK) directly with GBP. While you can deposit GBP for FREE into either of these places, you will pay slightly higher trading fees.

If you don’t want to use a cryptocurrency exchange, check out CoinJar or the Crypto.com app. They’re both easier, quicker, and more beginner-friendly. However, this convenience comes at a cost.

Keep reading for more details.

How to Buy Chainlink (LINK) in the UK

1. Binance [Cheapest UK Option]

Binance logo over their trading interface

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).

Even better…

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.

Overview of Option #1

  • Create a Binance account. You’ll need to verify your identity (which takes a few hours).
  • Deposit GBP using a UK bank transfer to your Binance GBP wallet (FREE).
  • Buy Chainlink (LINK) with a market order on the LINK/GBP market (max 0.1% fees).

Without a doubt, Binance is the best cryptocurrency exchange available to UK residents right now. In addition to Chainlink (LINK), you can use to cheaply buy more than 250 cryptocurrencies.

If you don’t already have an account, it’s 100% worth checking out.

Create Coinbase Account

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).

Overview of Option #2

  • Create a Coinbase account.
  • Once you have an account, you’ll automatically get access to Coinbase Pro too.
  • Deposit GBP using a UK bank transfer to your Coinbase Pro GBP wallet (FREE).
  • Buy Chainlink (LINK) with a market order (max 0.5% fees).

What is the difference between Coinbase and Coinbase Pro?

Coinbase and Coinbase Pro are owned by the same company. Anyone who already has a Coinbase account will be able to access Coinbase Pro too. Just use your normal Coinbase username and password.

OK, but what’s the difference?

Coinbase has an intuitive and easy-to-use frontend. You don’t have to fiddle with any settings, which makes it perfect for beginners. Even though Coinbase is renowned for their awful customer service, that’s why you’ll find it recommended all over the web.

Coinbase Pro is a cryptocurrency exchange which is targeted at traders. Just by looking at it, you’ll see that there’s a lot more going on. The fees on Coinbase Pro are lower than on Coinbase, but it’s harder to use and (in my opinion) not suitable for beginners.

Create Coinbase Account

3. Crypto.com App

Crypto.com is a convenient way to buy Chainlink (LINK) in the UK with a credit or debit card. Compared to using a cryptocurrency exchange like Binance or Coinbase Pro, it’ll be easier and more intuitive for beginners.

Caution: Your card issuer will charge you extra fees if you use a credit card to buy Chainlink (LINK) and other cryptocurrencies.

Although Crypto.com used to support GBP deposits via a UK bank transfer, they’ve temporarily suspended GBP wallets. I’ve reached out for clarity, but – a month later – we’re still not sure when it’ll be back.

Anyway.

It’s still the cheapest place 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 – which is cheaper than everywhere I’ve checked out (except Binance).

Even better?

This fee has been waived for the first 30 days after you create an account with Crypto.com! You can find out more here.
Overview of Option #3

  • Create a Crypto.com account. Verification takes minutes.
  • Connect your credit or debit card to your Crypto.com account.
  • Buy Chainlink (LINK) using your connected credit or debit card (2.99% fees).

You can use the Crypto.com app to buy and sell more than 90 cryptocurrencies too. And they’re continuing to add more. Given how cheap it is, they’re frequently included in my other buying guides.

But Crypto.com is more than just another place to buy cryptocurrency.

Check out my Crypto.com review to see everything that they offer. In my eyes, it keeps getting better and better.

Get Started Now

4. Solidi

Solidi logo

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!

Overview of Option #4

  • Create a Solidi account.
  • Input how much Chainlink (LINK) you’d like to buy.
  • Send GBP using a UK bank transfer to the broker you’ve been connected to.
  • Payments are detected within minutes and the Chainlink (LINK) will be credited to your Solidi wallet.

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:

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 the cheapest options, but also supports tons of popular cryptocurrencies.

Ledger Nano X Alternatives _3

To learn more about it, check out my Ledger Nano S review.

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