I want to visit Libertex<\/span><\/a><\/div><\/span><\/span><\/p>\n\n[side_by_side_comparison id=\u201d18\u2033 type=\u201dCrypto\u201d]<\/span><\/span><\/p>\nWhat is Chainlink anyway?<\/h2>\n
Launched in 2017, Chainlink is an ERC20 cryptocurrency and blockchain ecosystem. The platform\u2019s overarching concept is to solve the inefficiencies of \u2018smart contract\u2019 technology.<\/span><\/span><\/span><\/p>\nFor those who don\u2019t know, smart contracts operate on blockchain protocols and allow people to carry out \u201cautomatic\u201d transactions.<\/span><\/span><\/span><\/p>\nThis is because \u2013 based on a WHAT\/IF algorithm, the smart contract will complete a transaction when certain conditions are met.<\/span><\/span><\/span><\/p>\n\n- A very simple example could be a travel insurance contract that automatically pays out when your flight is cancelled or delayed by more than 4 hours.<\/span><\/span><\/span><\/li>\n
- Chainlink fits into the innovative world of smart contracts through its oracle network data feeds and DeFi technology.<\/span><\/span><\/span><\/li>\n
- This has the ability to provide external data that the smart contract needs to make perfect decisions.<\/span><\/span><\/span><\/li>\n
- In the example above, it would be confirmed that the flight was delayed or cancelled.<\/span><\/span><\/span><\/li>\n<\/ul>\n
In terms of cryptocurrency \u2013 LINK (Chain link symbol) works the same way as any other digital currency.<\/span><\/span><\/span><\/p>\nIn other words, you can make wallet-to-wallet payments with Chainlink \u2013 which typically takes just a few minutes to confirm. However, very few people in Portugal buy LINK because they want to get involved with the Chainlink network.<\/span><\/span><\/span><\/p>\nOn the contrary, people usually buy Chainlink on a speculative basis. This is because there is a belief that the Chainlink price will continue to rise over time.<\/span><\/span><\/span><\/p>\nIf this happens, it will allow you to sell the cryptocurrencies for more than you originally paid for them and, as a result, make a profit.<\/span><\/span><\/span><\/p>\nShould I Buy LINK Today? \u2013 Chain Link Analysis<\/h2>\n
As we saw in the section above, people buy Chainlink in Portugal on a speculative basis \u2013 with the hope of making a financial return.<\/span><\/span><\/span><\/p>\nWith that in mind, it is important for us to take a quick look at how this digital currency has performed since it was launched in 2017.<\/span><\/span><\/span><\/p>\nBack then, you would have paid around $0.13 for each LINK coin. Like all cryptocurrencies, the price is quoted in US dollars, rather than pounds and euros.<\/span><\/span><\/span><\/p>\nHowever, just 12 months later, the same digital currency was worth $0.36. That represents gains of over 175% in just one year of trading.<\/span><\/span><\/span><\/p>\n
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However, these financial gains pale into insignificance when you look at where Chainlink price is today. In fact, in May 2021, Chainlink tokens surpassed all-time highs of over $50.<\/span><\/span><\/span><\/p>\nThis means that since the project launched just over three years ago, according to CoinMarketCap, Chainlink cryptocurrencies <\/span><\/span><\/span>have increased by more than 38,000% <\/span><\/span><\/b>.<\/span><\/span><\/span><\/p>\nIn simple terms, this means that a \u20ac1 investment in 2017 would have been worth \u20ac380 at its peak.<\/span><\/span><\/span><\/p>\nChainlink price today, however, has retreated to around $26 \u2014 which represents a steep decline from previous highs. However, that\u2019s just the nature of the digital currency\u2019s highly speculative landscape.<\/span><\/span><\/span><\/p>\nHow Much Does It Cost to Buy Cryptocurrency?<\/h2>\n
At the time of writing this article in January 2025 \u2013 a single Chainlink coin would cost <\/span><\/span>just $16<\/span><\/span><\/strong> . That equates to around \u20ac14 for each token.<\/span><\/span><\/span><\/p>\nCompared to Bitcoin \u2013 which has since surpassed highs of over $58,000 \u2013 this allows you to buy Chainlink coins in Portugal without having to rob any banks.<\/span><\/span><\/span><\/p>\nIn most cases, online cryptocurrency exchanges allow you to buy fractional Chainlinks.<\/span><\/span><\/span><\/p>\nThis means that if you invest a <\/span><\/span>total amount of \u20ac100<\/span><\/span><\/strong> \u2013 based on current prices \u2013 you will get <\/span><\/span>approximately 7.1 LINK<\/span><\/span><\/strong> .<\/span><\/span><\/span><\/p>\nIn terms of the costs involved in purchasing, this will vary depending on the <\/span><\/span><\/span>cryptocurrency trading<\/span><\/span><\/span><\/a> platform you decide to use.<\/span><\/span><\/span><\/p>\nWhile there are commission-free cryptocurrency exchanges like Libertex, some platforms are not yet compatible with Chainlink.<\/span><\/span><\/span><\/p>\nSo if you were to use Libertex, you would pay 3% to use your debit or credit card and 0.1% to buy Chainlink with Bitcoin.<\/span><\/span><\/span><\/p>\nYou can read more about this in the sections below.<\/span><\/span><\/span><\/p>\n4 Ways to Buy LINK in Portugal<\/h2>\n
Although Chainlink is one of the top 10 cryptocurrencies in terms of market capitalization, it is not as easy to buy LINK tokens as it is to buy Bitcoin or Ethereum, for example.<\/span><\/span><\/span><\/p>\nOf course, dozens of <\/span><\/span><\/span>cryptocurrency exchanges<\/span><\/span><\/span><\/a> support Chainlink on their platforms, but very few allow you to make a direct purchase with your debit or credit card.<\/span><\/span><\/span><\/p>\nInstead, there is an additional step involved that will require you to make a conversion from a digital currency to Chainlink.<\/span><\/span><\/span><\/p>\nWe\u2019ll talk more extensively about your choice of crypto exchanges later on. But first, the sections below will explain the various ways you can buy Chainlink online in Portugal.<\/span><\/span><\/span><\/p>\nBuy Chainlink with PayPal<\/h3>\n
Although Paypal is the most popular e-wallet and is used by millions of traders and consumers \u2013 very few cryptocurrency exchanges allow you to use it.<\/span><\/span><\/span><\/p>\nThat said, if you are determined to buy Chainlink with Paypal \u2013 there is a way to do it. Just be prepared to take a few extra steps.<\/span><\/span><\/span><\/p>\nThe easiest way to do this is as follows:<\/span><\/span><\/span><\/p>\n1: Open an account with Libertex<\/h4>\n
As far as we know, Libertex is the only UK FCA regulated broker that supports cryptocurrency investments with Paypal.<\/span><\/span><\/span><\/p>\n