The Ultimate Guide to Trading Chanlink With eToro

Providing real-world data to blockchain technology, Chainlink (LINK) is a decentralized cryptocurrency and oracle network that supplies data that feeds information to various applications in decentralized finance.

To put it simply, Chainlink improves the blockchain technology by creating a decentralized oracle that supply "off-chain" information especially the ones that influences the financial and crypto market such as financial trends, fiat currency rates, credit card transactions, and more, and providing input to "smart contracts".

It’s native token LINK has a supply limit set at 1 billion with a current circulation of more than 420 million.

LINK is developed using Ethereum architecture in accordance with the ERC-20 standard for tokens. You can buy LINK and sell it in exchange of fiat currency and other cryptocurrencies.

As opposed to fiat currencies, LINK tokens provide elasticity that no government-regulated currencies can achieve. An example of it is when a LINK token enables transactions in a trustless environment without the need for any intermediaries such as banks or any financial institution to implement trust. Additionally, the limiting of LINK tokens to 1 billion ensures protection of LINK holders from inflation.

Already thinking of investing in LINK?

You might be considering of trading Chainlink at this point but in case you do, just click the button below and this will redirect you to eToro's platform for LINK trading. This will give you a preview on how it looks like and should you decide to go on a trade, all you have to do is click the "Sign up" button on that page to quickly register.


78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

History of Chainlink

Chainlink was founded in 2017 by Sergey Nazarov when he co-wrote a whitepaper with Cornell Professor Ari Juels. During its initial coin offering in 2017, Chainlink raised a total of $32 million. In 2019, Google integrated its BiqQuery data analytics platform with Chainlink technology. This made it possible for data from outside the blockchain to be used in all applications created in the blockchain.

How Chainlink (LINK) Works?

Chainlink works by aiming to build the world's first blockchain oracle network. To do this, it will elevate the existing technologies in traditional blockchains to ensure the proper operations of nodes and generation of accurate data.

The process begins in the Chainlink ecosystem when a user sends out a "Requesting Contract for information". This will create a notification that will be listed as a blockchain event throughout the network. Following this process is the creation of a Chainlink SLA (Service Leverage Agreement) Contract.

It will then launch these following contracts in the blockchain system:

  • Chainlink Reputation Contract: This confirms if an oracle is authentic. This contract will study the history of each oracle as the system searches past modifications on the oracle to check its accuracy. After the review, an oracle is graded with a rank. The rank aides the system in applying the best oracles.

  • Chainlink Order-Matching Contract: This process will supply the Requesting Contract to the Chainlink nodes. After the nodes satisfy the request, it will begin bidding on it. The Chainlink system will immediately configure the total nodes and the type of nodes required to finish the request via pre-programed pre-requisites.

  • Chainlink Aggregating Contract: This final contract will gather all incorrect data and review it for checks and balances. All data found not connected with other network inputs will be deleted. After this process, all the confirmed data will be stored in the blockchain.
Chainlink logo
Chainlink logo

Key Takeaways of Chainlink (LINK)

  1. Chainlink has set-up a network of oracles that guarantees that when an oracle fails, other oracles will pick up the slack to keep the whole Chainlink ecosystem to move forward.
  2. Chainlink provides better security for transactions by using trusted nodes, cryptographic codes, decentralization and premium data when connecting APIs to every smart contract.
  3. Chainlink mainstreams the blockchain technology by creating a language that links on-blockchain nodes with off-blockchain nodes.
  4. Chainlink offers a seamless connection to any API because it was built on a flexible framework capable of mining data from every API, and then connecting with user systems before being integrated to a blockchain.

How to Buy Chainlink (LINK)

You can buy LINK at some of the most popular exchanges in the world today for cryptocurrencies. Kraken, Bitfinex and Binance are just a few of the leading ones. For trading purposes, you can also simply open a LINK trade on trading platforms such as eToro.

Trade LINK via CFD

CFD Trading or "contract for difference", is a popular trading method that comprises of an agreement to exchange the difference in value of a trading commodity—in this instance, the Chainlink token (LINK)—from when you open a position to when you close it.

You can do CFD trading on the eToro platform on a variety of cryptocurrencies including Chainlink’s LINK token.

How to Trade Chainlink (LINK) on eToro?

  1. On your eToro dashboard, click "Trade Markets".
    Clicking "Trade Markets" on eToro
    Clicking "Trade Markets" on eToro
  2. Select "Crypto".
    Selecting "Crypto" on eToro's Markets screen
    Selecting "Crypto" on eToro's Markets screen
  3. Scroll down to look for "LINK"".
    Looking for Bitcoin on eToro's list of crypto assets
    Looking for Chainlink on eToro's list of crypto assets
  4. Click "Buy" and set the amount you want to invest.
    Buying Chainlink (LINK) on eToro's platform
    Buying Chainlink (LINK) on eToro's platform
  5. "Click "Open Trade".
    Executing LINK buy order on eToro
    Executing LINK buy order on eToro

LINK Price History

Chainlink's LINK is one of the low-key cryptocurrency that seems to perform well in the market and enjoys a big demand from several cryptocurrency trader communities.

How to Store Chainlink’s LINK

Because LINK is an ERC-20 token, it is suited for a number of wallets available today. Here are some of the best Chainlink Wallets for you to choose from.

  • Atomic Wallet
  • CoinBox Wallet
  • MyEtherWallet
  • Ledger Nano S/X
  • Coinbase Wallet
  • MetaMask
  • eToro Money Crypto Wallet
  • imToken

How to Open a LINK Wallet with eToro?

To store your LINK on the eToro Money Crypto Wallet, you will need to transfer LINK position via the eToro trading platform under your name to the crypto wallet under the same account. The good news is that you won't incur any fees opening a LINK wallet and also transferring the LINK crypto to this wallet.

Chainlink as an Investment Tool

There is a wide belief among analysts that the Chainlink technology will someday became an industry standard because of its decentralized oracle network. If this happens, Chainlink will become an attractive long-term investment tool for investors.

Thinking of Trading LINK with eToro?

If you're looking to invest and trade LINK, then it would be simpler to click the button below. This will take you to the eToro LINK trading page where you can easily check the current price of LINK and buy LINK of any value you plan to invest.

Before trading LINK on eToro, just simply open an account with them. Don't worry, the whole process will only take a few minutes.


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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