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How to Buy Chainlink with PayPal

If you have been closely monitoring the changes in the crypto world in the last few years, then Chainlink must’ve grabbed your attention at some point. 

This cryptocurrency recorded its best year in 2019 when it significantly outperformed pretty much every currency in the race, including Bitcoin and Ethereum. 

Nowadays, early investors can celebrate the overall ROI (return on investment) of more than 13,000% that Chainlink has brought. 

Due to this impressive price performance and the extremely robust technology it features, Chainlink still stands out as a great investment opportunity for crypto traders. 

There are numerous different ways to purchase Chainlink, but today we will focus on one of the most popular payment methods in the world – PayPal. 

In this article, we are going to walk you through some of the basics of this interesting project and show you how to buy Chainlink with PayPal. 

 >>>Find Chainlink on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy Chainlink with PayPal – Quick Steps 

If you are short on time and can’t go through our entire guide, we have prepared a quick outline of how you can buy Chainlink with PayPal in no time. 

Here are a few simple steps that you should follow:

  • Step 1: Open an eToro Account – Visit eToro’s official website and click on ‘Join Now’ to open up an account. You will have to provide information such as name, email, phone number, etc. and then verify the account by uploading a photocopy of your passport or driver’s license. 
  • Step 2: Use PayPal to Fund Your Account – Press ‘Deposit Funds’ to begin funding your new account. Next, select PayPal as the payment option. Follow the instructions that appear and type in exactly how much money you want to transfer. 
  • Step 3: Buy Chainlink – Type in ‘LINK’ in the search box to find the cryptocurrency. Then, press ‘Trade’ and type in the amount of LINK you want to buy. Press ‘Open Trade’ to finalize the purchase. 

 >>>Find Chainlink on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

What is Chainlink – Overview 

Launched in 2017, Chainlink (LINK) is a completely decentralized oracle platform that serves as a bridge for blockchain smart contracts to connect to external (real-world) data. 

When we say oracle, we are referring to the data feed that allows smart contracts to communicate with the external data that can’t be found on the blockchain. This data can be any type of information from political and sports news to commodity prices. 

While oracles have been around for a long time before Chainlink stepped in, most of them were centralized and had a very minimalistic reach. Chainlink revolutionized this. 

One of the other innovations that Chainlink has brought to the table is the extremely secure wall that protects decentralized apps. In the past, these apps could’ve been easily compromised and were a frequent target of hacking attempts. 

In 2021, Chainlink earned the status of one of the most utilized blockchain oracles in the crypto world, and powering this powerful platform is its native ERC-20 token – LINK. 

 >>>Find Chainlink on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Chainlink – Price Prediction 

When Chainlink was established in 2017 and officially released its native token (LINK), the market capitalization was very low and it traded for around twenty cents per token. 

The price pretty much stagnated in the following period and by the end of 2018, you could’ve still purchased it for around 50 cents. 

Things started changing in the early part of 2019 when LINK reached its all-time high of $4 per token. At that point, the community became very interested in Chainlink and by the second half of 2020, the price of LINK increased to $14 per token. 

However, Chainlink recorded its most spectacular result in 2021 when it reached $37 per token and outperformed pretty much every major currency, even BTC and ETH. 

At the time of writing, the price of LINK stands at around $14, which means that if you want to ‘buy the dip’, now would be the ideal time. 

Considering its impressive performance and price growth in the last few years, many experts still have a lot of hope for this project. One of the main reasons for this is its cutting-edge technology that the creators are developing even further.  

As one of the most famous oracle networks in the world, Chainlink undoubtedly has a crucial role in the digital future, making it a pretty safe investment. 

 >>>Find Chainlink on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Benefits of Buying Chainlink with PayPal

Purchasing Chainlink can be done through a variety of different payment methods, however, not many can offer the benefits that PayPal does. 

Let’s go through these benefits and show you what we are talking about. 

Instant Deposits and Withdrawals 

One of the main perks of PayPal is that users can make deposits and withdrawals practically instantly. In a volatile market such as crypto where things can change in a matter of seconds, this is an extremely important factor. 

When traders notice new opportunities to make a profit, they want to make their moves as quickly as possible, and PayPal allows them to do so. 

Robust Security 

The exceptional security measures of the platform have long been one of PayPal’s key trademarks. Due to the robust data encryption system that PayPal incorporates, hacking users’ accounts is nearly impossible. 

Supports Most Currencies 

PayPal supports more than 25 currencies, including the most common was such as USD, CAD, GBP, and AUD. 

This provides you with additional flexibility when purchasing Chainlink in a cost-efficient manner. 

Where to Buy Chainlink with PayPal

PayPal is one of the most popular online payment platforms in the world, so it doesn’t come as a surprise that we can see it included in pretty much every major crypto exchange. 

However, not all exchanges come with the same perks and advantages. 

Let’s review some of the best exchange platforms in the industry to help you make the right choice. 

eToro – Overall Best Exchange to Buy Chainlink with PayPal

After reviewing the advanced features and the fee structure that eToro offers, we can safely say it stands out as by far the best crypto exchange choice.  

One of the primary benefits of eToro is that it has incredibly low fees. There is a spread-based system and both sides of the trade only pay 0.75% per trade (much lower than the industry average). Plus, there are no transaction fees included, which is something you rarely see on exchange platforms. 

Depositing is also free of charge, while the minimum deposit amount stands at $50 for newly-registered users. 

eToro also provides great security to users and it’s one of the most reliable platforms in the industry. It is regulated by some of the leading organizations such as FCA, FINRA, ASIC, FinCEN, CySEC, and many more. 

 >>>Find Chainlink on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Binance – Wide Range of Assets 

The next platform on our list is Binance. This exchange undoubtedly has the widest range of supported assets, with more than 500 cryptos available for users to invest in. 

Additionally, there are also plenty of robust features like technical price indicators and charting tools to take advantage of. 

In terms of fees and security, Binance doesn’t really perform as well as eToro. 

 >>>Find Chainlink on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

WeBull –Exchange with the Most Competitive Fees 

WeBull takes the number one spot when looking at exchanges with the lowest fees. Aside from the extremely low transaction fees, users won’t be charged any commission fees during the process. 

Also, the platform has a great reputation among US users and it’s regulated by both FINRA and SEC.  

In case you are interested in investing in other currencies aside from Chainlink, WeBull has 25+ assets available. 

Lastly, the interface is very user-friendly and even total beginners have an easy time navigating through it. 

 >>>Find Chainlink on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

How to Buy Chainlink with PayPal – Step-by-Step Guide (eToro) 

Finally, we have prepared a step-by-step guide that will show you exactly how to buy Chainlink with PayPal. 

Since eToro is the best exchange for this process, we will use it as an example. 

Follow these steps to buy Chainlink with PayPal in a matter of minutes. 

Step 1 – Open an eToro Account

Creating an eToro account is simple, all you have to do is go to their official website and click ‘Join Now’. 

Next, you should fill in the personal details like your name, phone number, address, birth date, etc.  

Since eToro complies with AML regulations, you will have to upload a photocopy of your passport/driver’s license to verify the account. 

Step 2 – Use PayPal to Fund Your Account

When you open eToro’s main dashboard, press ‘Deposit’ and choose PayPal as your desired payment method. 

There will be a list of detailed instructions you should follow, it won’t take longer than a couple of minutes to go through them. 

Once you are done, type in the amount you want to transfer to eToro (for new users the minimum is $50). 

Step 3 – Buy Chainlink  

The last thing on your to-do list is to buy Chainlink. 

You can use the search bar to type in ‘LINK’ to find the token faster. Then, click on ‘Trade’ and type in how much LINK you want to buy (the minimum is $10). 

Make sure you entered everything correctly and finish up by clicking ‘Open Trade’. 

How to Buy Chainlink with PayPal – The Takeaway

As you can see, buying Chainlink with PayPal isn’t a daunting task – in fact, it’s quite simple if you follow the right steps. 

The hardest part is finding the ideal platform that offers the most commodities. After going through a hefty review of some of the leading exchanges, we find eToro to be the clear winner. 

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