Unlike other sites, we let you compare dozens of exchanges where you can buy LINK based on trading fees and payment methods, meaning it's easier to find the cheapest and easiest places to buy Chainlink.
The easiest place to buy Chainlink (Ripple) in Australia is via a recognised cryptocurrency exchange.
You can follow the steps below to get started:
If this is your first time buying cryptocurrency, it might be easier to use an exchange that lets you buy LINK with Australian dollars directly via your preferred payment method.
You can compare crypto exchanges based on their payment method options below:
We currently don't have that product, but here are others to consider:
How we picked theseYou'll need the following to sign up to a crypto exchange and buy Chainlink:
| Coin symbol | LINK |
|---|---|
| Coin Marketcap | AUD$9,092,658,779 |
| Total LINK supply | 1,000,000,000 |
| Circulating LINK | 638,099,971 |
| Current price | AUD$22.515 |
| All time high | AUD$131.5666 |
| All time high date | May 10, 2021 |
| Notable team members | Sergey Nazarov, Steve Ellis |
| Partnerships | Oracle, Google Cloud, IOST |
| Industry | Oracle |
| Token uses | Rewards, collateral |
| Network | Ethereum |
Historical prices compared with the price of $22.515.
| 1 hour | -0.42% |
|---|---|
| 24 hours | -8.15% |
| 7 days | 1.96% |
| 14 days | 2.51% |
| 30 days | -7.71% |
|---|---|
| 60 days | -40.86% |
| 200 days | 35.18% |
| 1 year | -25.80% |
Kylie Purcell is the senior investing editor for Finder.
Chainlink (LINK) is blockchain middleware that aims to connect smart contracts with real-time information from off-chain resources, such as banks and stock exchanges.
This allows smart contracts to access data feeds, application programming interfaces (APIs) and traditional bank payment systems that operate outside the blockchain infrastructure.
There are a number of potential applications for this, such as connecting smart contracts with the following information:
For example, let's assume that there's an Ethereum smart contract that needs to make a payment through PayPal. There's currently no compatibility between Ethereum and the PayPal API, which is where Chainlink comes in.
By linking the smart contract with the PayPal API, it can ensure fast and secure payment. LINK tokens are the cryptocurrency of the Chainlink network.
When any company that operates a data feed, payment service or other useful off-chain API connects them to smart contracts through the Chainlink network, that company will receive LINK tokens in exchange.
"Chainlink plays a crucial role in linking crypto platforms with real-world data that doesn't exist natively on a crypto network. This "oracle" role helps improve the functionality of crypto networks while ensuring data is reliable and up-to-date."
Before deciding whether or not to invest in a cryptocurrency, it's important to understand the uses of the token and its associated platform.
In the case of LINK, here are some things worth considering:
Competition. Integrating an oracle network with real-world APIs is a highly sought-after application in the blockchain ecosystem, and Chainlink are not the only company working on this. Some competitors include Band Protocol and API3. However, Chainlink are one of the strongest players in this space and have the greatest public exposure relative to their competition.
Partnerships. Given Chainlink's desire to integrate with real-world applications, partnerships will play a large role in the network's widespread adoption. Chainlink also has a keen eye on blockchain-based integration. It is worth keeping an eye out for partnership announcements, past or future. You can view the entire Chainlink ecosystem on their webpage.
Developers. Chainlink was co-founded in 2017 by Sergey Nazarov, who began his career in tech by developing peer-to-peer marketplaces back in 2009. Steve Ellis, the other co-founder, previously worked with Nazarov on SmartContract, which ended up being a precursor for Chainlink.
Off-chain data. As Chainlink is one of the first oracle networks able to communicate with off-chain data, it is used by a number of exchanges (centralised and decentralised) to access data and produce live price feeds. Examples of affiliated platforms include Synthetix and Compound.
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