Crypto Invest

13 Ways You Can Buy Chainlink In Singapore

How To Buy Chainlink In Singapore

Last updated on June 6th, 2021

This article contains affiliate links. You can read more about these links in my Editorial Guidelines.

Chainlink is one of the most widely used oracle network in the crypto world.

You may be thinking of buying some Chainlink from Singapore. But how do you go about doing that?

In actual fact, there are actually 13 ways you can do so!

Here’s what you need to know:

Disclaimer: This article is meant for information purposes only, and it is not intended to provide you with financial advice. You should always do your own research first, before making an investment decision!

Here are 13 ways you can buy Chainlink in Singapore:

  1. Coinhako
  2. Tokenize
  3. Zipmex
  4. Gemini
  5. AAX
  6. Binance Singapore
  7. Crypto.com (App)
  8. Crypto.com (Exchange)
  9. Liquid
  10. Kraken
  11. Binance
  12. Huobi
  13. Coinbase

This is a summary of all of the methods that you can use:

PlatformDirect
From SGD?
Type of
Trading
Fee
CoinhakoYesInstant Buy0.8% – 1%
TokenizeYesTrading0.8% (Min $1)
ZipmexYesTrading0.2%
GeminiYesBothFrom 1.49% (Exchange) and
up to 0.35% (Active Trader)
AAXNoTradingUp to 0.1%
Binance
Singapore
YesInstant Buy0.60%
Crypto.com
(App)
YesInstant BuyNone (But may
have large spread)
Crypto.com
(Exchange)
NoTradingUp to 0.16%
LiquidTradingUp to 0.3%
KrakenNoTradingUp to 0.26%
BinanceNoTradingUp to 0.1%
HuobiNoTradingUp to 0.2%

And here is each method explained in-depth:

Coinhako

Coinhako is the most straightforward way of buying Chainlink in Singapore.

This is because you can directly buy LINK from SGD!

Here’s how you can buy LINK on Coinhako:

  1. Deposit your SGD into your SGD wallet
  2. Go to ‘Trade’
  3. Look for LINK and click on Buy
  4. Select the amount of SGD you wish to use to purchase LINK
  5. Verify the transfer

#1 Deposit your SGD into your SGD wallet

To start buying crypto on Coinhako, you will need to fund your SGD wallet first. There are 2 ways you can do so:

  1. Xfers
  2. Direct FAST transfer

In the past, you could only use Xfers to deposit your funds into Coinhako.

Xfers Account

Xfers acts as a middleman between the crypto exchange and your bank account.

However, you are now able to transfer your funds directly to your SGD wallet via FAST!

Coinhako FAST Transfer

Don’t forget to include your unique deposit code in the comments section of the transfer. This will help Coinhako to match the deposit to your account!

You do not incur fees when depositing via FAST. Meanwhile you will incur a 0.55% fee for each deposit via Xfers!

FAST is the more cost effective way to deposit your SGD into Coinhako. However, it may take slightly longer for Coinhako to process your FAST transfer.

#2 Go to ‘Trade’

On Coinhako’s platform, you’ll need to go to the ‘Trade‘ section.

Coinhako Trade Platform

This is where you are able to buy and sell crypto on Coinhako.

When you are making any trade, you can’t determine the price that you wish to buy or sell at. Coinhako will try to match it to the prevailing market rate when you make the trade.

You’ll need to scroll down to find LINK, and then click on ‘Buy‘.

Coinhako Buy LINK

You will need to select the amount of SGD that you wish to use for your trade. The amount of LINK that you receive will be based on the prevailing market rates.

Coinhako Buy LINK Price

Coinhako has a minimum of $45 SGD for each trade that you make.

For every trade that you make on Coinhako, you are charged a 1% fee.

Coinhako Fee LINK

However if you use the promo code ‘COINGECKO‘, you will reduce your fees to 0.8%.

Coinhako Fee LINK Coingecko Promo

#5 Verify the transfer

Once you’re done, you will need to verify your trade.

The LINK tokens will be credited into your account when the trade is completed!

Verdict

Here are the fees that you’ll incur when trading with Coinhako:

Type of FeeAmount
Deposit FeesNone (FAST),
0.55% (Xfers)
Minimum Trade
Amount
$45
Trading Fees1% for any trade
(0.8% if you use the
promo code COINGECKO)
Withdrawal Fee (SGD)$2 per withdrawal

It is definitely more cost effective to deposit into your SGD wallet via FAST compared to Xfers. You will incur unnecessary fees if you do so with Xfers!

Another thing you’ll need to take note is the withdrawal fee of $2. If you are withdrawing out small amounts, it would not be worth this fee!

Overall, Coinhako has pretty high fees. However the convenience of buying LINK instantly with SGD helps to make up for it!

Tokenize

Tokenize is a centralised exchange that is based in Singapore and Malaysia.

Their exchange allows you to trade 30 different currencies directly from SGD!

Tokenize Number Of Cryptocurrencies From SGD

Here’s how you can buy LINK on Tokenize:

  1. Deposit your funds
  2. Go to ‘Market’
  3. Select SGD/LINK as your trading pair
  4. Select the type of order and your trade amount
  5. Make the trade

#1 Deposit your funds

To start trading on Tokenize, you’ll need to deposit your SGD into your wallet first.

However, it can be a bit hard to navigate around Tokenize’s site. You’ll need to see go to the top right-hand corner which has your name, and select ‘Wallets‘.

Tokenize Wallets

After that, you’ll need to scroll down all the way to your Fiat Balance. You’ll see the amount of SGD and USD that you have with Tokenize.

Tokenize Fiat Balance

You’ll need to click on ‘Deposit’, and you can deposit your funds via 2 ways:

  1. Xfers Direct Transfer
  2. Swap from XSGD wallet
Tokenize Deposit Methods SGD

You can only deposit via FAST if you are a Premium or Platinum member.

You’ll be asked to select the amount you want to deposit from your Xfers account, along with the fee.

Tokenize Deposit Via Xfers

You’ll be charged a 0.55% fee if you use Xfers Direct Charge.

Tokenize will deduct the balance from your Xfers account, and it will be credited into your SGD wallet.

#2 Go to ‘Market’

After making your deposit, you can start trading your SGD for crypto.

You’ll need to select ‘Market‘ from the dashboard.

Tokenize Market Dashboard

There are a variety of SGD trading pairs you can choose from.

Tokenize Trading Pairs

You can use the search bar to find the SGD/LINK trading pair.

Tokenize SGD LINK Trading Pair

#4 Select the type of order and your trade amount

There are 2 types of orders you can make with Tokenize:

  1. Limit
  2. Market

Limit orders will allow you to determine the price of LINK that you wish to pay.

Tokenize LINK Limit Order

This gives you more control over the price that you want to pay for each LINK.

Meanwhile, market orders will purchase LINK at the current market price.

Tokenize LINK Market Order

If you use this method, you will be able to fill your order almost immediately.

However, what I don’t like about market orders is that you won’t be able to see the trading fee that you’ll need to pay beforehand.

Once you’ve decided the type of trade you wish to make, you can choose the quantity of LINK that you wish to buy.

#5 Make the trade

After you’ve confirmed your trade, your LINK tokens will be credited into your wallet.

Verdict

Here are the fees that you’ll need to pay when trading on Tokenize:

Fee TypeAmount
Deposit Fees0.55%
Trading Fees0.80%
(min. $1 SGD)
Withdrawal Fee0.55%

Tokenize is one of the exchanges that charges you a minimum fee.

However, the fees will generally be lower than Coinhako’s (at 1%).

You’ll need to decide if paying these extra fees is worth it to gain access to a greater variety of currencies!

Zipmex

Zipmex is an exchange that was founded in Thailand.

It offers you the option to buy crypto directly from SGD, and charges rather low fees too!

Here’s what you need to do to buy LINK on Zipmex:

  1. Go to wallets and select SGD as the funds to deposit
  2. Fill in the details of your deposit into Zipmex
  3. Go to ‘Markets’ and select the LINK/SGD trading pair
  4. Enter the details of your trade

#1 Go to wallets and select SGD as the funds to deposit

You’ll need to deposit SGD into Zipmex first.

To do so, you’ll need to go to ‘Wallets‘,

Zipmex Select Wallets

and then select ‘Deposit‘.

Zipmex Select Deposit

You’ll need to select SGD as the currency you wish to deposit.

Zipmex Select SGD

#2 Fill in the details of your deposit into Zipmex

You are required to enter some details so that Zipmex can process your deposit.

Zipmex Deposit SGD Details

This includes:

  1. Deposit amount
  2. Account number
  3. The bank you’re depositing from

After depositing SGD into Zipmex, you can start to use the trading platform.

You’ll need to go to ‘Markets’,

Zipmex Select Markets

which will bring you to the trading platform.

Zipmex Trading Platform

At the left hand corner, you can select the LINK/SGD trading pair.

Zipmex LINK SGD Trading Pair

#4 Enter the details of your trade

The last thing you’ll need to do is to enter the details of your trade.

You are able to make 2 different types of orders:

  1. Market order
  2. Limit order
Zipmex Buy LINK From SGD

You’ll also need to enter the following details:

  1. The price that you’d like to buy 1 LINK at
  2. The amount of LINK you want to buy

When your trade is processed, LINK will be credited into your account.

Verdict

Here are the fees that you’ll incur with Zipmex:

FeeAmount
Trading Fee0.2%
SGD Withdrawal Fee5 SGD

The trading fees on Zipmex are quite low!

However, the withdrawal fees are higher compared to other platforms.

This is a tradeoff that you may have to incur when trading on Zipmex.

Gemini

Gemini allows you to deposit SGD into their platform via Xfers too.

Gemini Enter Deposit Amount

Gemini has 2 platforms where you can purchase crypto from:

  1. Gemini Exchange
  2. Gemini Active Trader

Gemini’s Active Trader platform does not have a SGD/LINK pairing.

Gemini SGD Trading Pairs

You can only trade BTC or ETH from your SGD on the Active Trader platform.

If you want to buy LINK using Gemini’s Active Trader, here’s what you’ll need to do:

  1. Trade SGD to either BTC or ETH
  2. Trade BTC or ETH with to LINK

To make things more convenient, you can choose to use Gemini’s Instant Buy feature on their platform.

Gemini Buy LINK

However, the fees that you incur can be quite high!

Verdict

Here are the fees that you’ll incur when trading on Gemini’s Exchange:

Trade Amount (SGD)Trading Fee (SGD)
≤ $15.00$1.50
> $15.00 but ≤ $35.00$2.00
> $35.00 but ≤ $70.00$2.75
> $70.00 but ≤ $250.00$4.00
> $250.001.49% of your Web Order value

It is definitely not worth trading any amount that is below $250 SGD!

In contrast, you will only incur a 0.35% trading fee when you use Active Trader!

Gemini Active Trader View Fees

It may be cheaper to use Active Trader to buy BTC or ETH first, and then trade your BTC or ETH to LTC.

AAX

Atom Asset Exchange (AAX) was founded in 2018, and is based in Hong Kong.

This exchange allows you to deposit SGD into your account. However, you can only trade SGD into BTC or USDT!

This means that you’ll need to make 2 conversions before you can get LINK.

Here’s what you need to do to buy LINK on AAX:

  1. Deposit SGD into AAX
  2. Use the Exchange feature to exchange SGD to BTC or USDT
  3. Find a suitable trading pair with LINK
  4. Make the trade

#1 Deposit SGD into AAX

First, you’ll need to deposit SGD into your AAX account.

AAX Deposit SGD

You will need to deposit a minimum of $50 into your account. However, if you deposit less than $1.5k, you will incur a $35 deposit fee!

#2 Use the Exchange feature to exchange SGD to BTC or USDT

Once you have your SGD into your account, you’ll need to go to ‘Buy Crypto → Exchange‘.

AAX Go To Exchange Platform

The Exchange platform allows you to buy BTC or USDT from your SGD.

AAX Exchange Feature SGD to BTC or USDT

I would suggest using USDT, as it is less volatile compared to BTC.

AAX does not charge any fees for this conversion. However, the exchange rate may be slightly less favourable compared to the market rate.

Once you’ve exchanged your SGD for USDT, you can now go to AAX’s trading platform.

AAX Trading Platform

This can be done by selecting ‘Spot’ on the menu.

AAX Select Spot

After that, you’ll need to select a trading pair with LINK.

AAX USDT LINK Trading Pair

#4 Make the trade

After selecting LINK/USDT as your trading pair, you’ll need to decide on the order type:

  1. Limit
  2. Market
  3. Stop order
AAX USDT LINK Trade Details

You’ll also need to enter the details of the trade you wish to make.

This includes:

  1. The price of USDT you want to buy LINK at
  2. The amount of LINK you wish to buy

Once the trade has been filled, LINK will be credited into your account.

Verdict

Here are the fees and minimums when you’re trading on AAX:

Deposit Minimum$50
Deposit Fees$35 if deposit < $1500,
none if deposit ≥ $1500
Trading FeesUp to 0.1%
Withdrawal Minimum$150
Withdrawal Fees0.3% (Minimum $10)
Sending FeesDepends on currency

If you want to save on the deposit fees, you’ll have to deposit at least $1.5k into your AAX account each time!

The trading fees are as competitive as Binance (up to 0.1%), and AAX has the added advantage of supporting fiat currencies like SGD.

However, you’ll still need to make 2 trades to get LINK!

I would think that AAX is suitable only if you intend to trade a large amount of crypto.

Binance Singapore

Binance actually has a Singapore-only platform as well, which is different from Binance.com.

It also has Xfers support, which allows you to buy Chainlink directly from SGD.

Here’s what you need to do to buy Chainlink on Binance Singapore:

  1. Go to Buy/Sell
  2. Determine the amount of SGD you want to use
  3. Make the trade

#1 Go to Buy/Sell

On Binance Singapore’s platform, you can go to the ‘Buy/Sell‘ tab.

Binance Singapore BuySell

#2 Determine the amount of SGD you want to use

Once you are on the page, you can choose the amount of SGD you wish to trade.

Binance Singapore Buy Chainlink

The minimum trade amount on Binance Singapore is $20.

Your LINK will be bought at the prevailing market rate. You can choose to purchase LINK from 2 methods:

  1. Xfers wallet
  2. Binance cash wallet

You’ll need to transfer your money from your bank account to Xfers before you can make a trade!

#3 Make the trade

Once you have executed the order, your LINK will be credited into your portfolio.

Verdict

Here are the fees and minimum trading amounts that you’ll need to pay with Binance Singapore:

TypeAmount
Minimum Trading
Amount
$20
Trading fees0.60%
Withdrawal feesNone

The fees for Binance Singapore is cheaper compared to Coinhako or Tokenize.

As such, you may want to consider using this exchange instead.

Crypto.com (App)

Crypto.com is another platform that offers Xfers support. This does make trading crypto more accessible from Singapore.

However, unlike Coinhako, you are unable to buy LINK directly from your SGD!

Instead, you’ll need to make at least 2 trades to purchase LINK.

Here are the steps you’ll need to do to buy LINK on Crypto.com:

  1. Go to Crypto Wallet
  2. Scroll down and find LINK
  3. Click on ‘Buy LINK’
  4. Select your payment method
  5. Confirm the trade

#1 Go to Crypto Wallet

You’ll need to access your crypto wallet on the Crypto.com app.

Crypto.com Crypto Wallet

This can be done by tapping on the central icon and going to ‘Crypto Wallet‘.

If you don’t have any LINK in your Crypto.com wallet, you’ll need to scroll down to find the currency.

Crypto.com App Find LINK

It may take a while to find it, as Crypto.com does not have a search function!

You will be on the LINK price page. You’ll need to tap on ‘Buy LINK‘ to make the trade.

Crypto.com App Buy LINK

#4 Select your payment method

Similar to Coinhako, you cannot decide on the rate that you wish to buy LINK at. Instead, it will be done at the prevailing market rate.

There are 3 payment methods that you can use to buy LINK on Crypto.com:

1. Debit or credit card

You can use either a credit or debit card to purchase LINK directly.

Crypto.com App Buy LINK Credit Card

This would probably the most efficient way of buying LINK. However, you will be charged a 3.5% fee if you’re from Singapore!

The fees are almost as expensive as buying from Coinhako.

Due to this high fee, it may not be worth buying LINK using your credit or debit card.

2. Crypto wallet

If you have other cryptocurrencies in your crypto wallet, you can use this to trade for LINK.

Crypto.com App Buy LINK From Crypto Wallet

You can buy LINK using either CRO or BTC in your crypto wallet.

3. Fiat wallet

The final way that you can buy LINK on Crypto.com is via a fiat wallet.

Crypto.com App Buy LINK Fiat Wallet

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

Investopedia

You can only buy LINK from either a EUR or AUD fiat account.

Unlike Coinhako, you are unable to purchase LINK via Xfers!

This is because there are only 8 cryptocurrencies that you can purchase from Xfers:

  1. BTC
  2. ETH
  3. BCH
  4. LTC
  5. XRP
  6. CRO
  7. BNB
  8. XSGD

If you want to buy LINK with SGD, here are the steps that you’ll need to do:

  1. Buy BTC or CRO from SGD in your fiat wallet (Xfers)
  2. Purchase LINK using BTC or CRO in your crypto wallet (method 2)

#5 Confirm the trade

When you confirm the details, Crypto.com will lock in the exchange rate for 15 seconds.

Once you confirm the trade, the LINK will be credited to your account.

Verdict

Here are the fees that you’ll incur with Crypto.com:

Type of FeeAmount
Deposit FeesNone
Trading FeesNone
Withdrawal Fee0.4% per withdrawal (Xfers)

The fees when trading with Crypto.com seem to be lower! However the spreads can be quite high.

spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset.

IG Trading

When you make multiple trades on the Crypto.com app, you may lose some money due to the spread!

These costs can be hard to keep track, but it is something you’ll need to consider.

It may be slightly more troublesome compared to buying LINK with Coinhako. This is because you will need to make 2 trades instead of one if you wish to use SGD.

Crypto.com (Exchange)

If you are looking for a more cost effective way of buying other crypto using Crypto.com, you can consider using their exchange platform instead.

Crypto.com Exchange Platform 1

This platform is separate from the app, and you’ll need to create a separate account for it.

If you are interested in signing up for a Crypto.com Exchange account and stake at least 1,000 CRO, you can earn at least $10 USD worth of CRO!

For this exchange, you aren’t able to trade your SGD for any of the currencies.

Instead, there are 3 main trading pairs that you can use:

  1. BTC
  2. USDT
  3. CRO
Crypto.com Exchange Trading Pairs

So how do you go about buying LINK on Crypto.com’s Exchange platform?

#1 Buy CRO directly from SGD

On the Crypto.com app, you can buy either CRO directly from your Xfers wallet.

Crypto.com Buy CRO Fiat Wallet

The crypto will be credited into your Crypto.com app wallet.

#2 Transfer your CRO to Crypto.com Exchange

After you have received your CRO, you will need to transfer it to the Crypto.com Exchange platform.

The transfer between the app and the exchange platforms is free.

On the currency’s page, you’ll need to go to ‘Transfer‘,

Crypto.com App Transfer To Exchange

click on ‘Withdraw‘,

Crypto.com App Withdraw

and then tap on ‘Crypto.com Exchange‘.

Crypto.com App Transfer To Crypto.com Exchange

After selecting the amount, the CRO will be deposited in your Exchange account.

Crypto.com Transfer Funds To Exchange

On the Exchange platform, you’ll need to go to ‘Spot‘,

Crypto.com Exchange Spot 1

and select LINK/CRO your trading pair.

Crypto.com Exchange LINK CRO Trading Pair

#4 Select the amount and make the trade

You can choose between 4 different types of trades on Crypto.com Exchange:

  1. Limit
  2. Market
  3. Stop Limit
  4. Stop Loss
Crypto.com Exchange Buy LINK From CRO

After selecting the price and the amount that you wish to buy, you can make the trade.

One thing I do not like about Crypto.com’s Exchange platform is that you are unable to see the fee that you’ll incur.

Verdict

Is this process really worth all the hassle? Why not just make the trade between CRO and AAVE in the app?

Here is the price of 1 LINK in CRO in the Crypto.com app,

Crypto.com App CRO LINK Exchange Rate

compared to the prevailing market rate on the Exchange platform at around the same time.

Crypto.com Exchange CRO LINK Exchange Rate

You are paying about an additional 1.38 CRO for every LINK that you buy on the app.

While this may seem very little, it will become significant if you are trading a large sum of money!

Moreover, you are able to select the price that you want to buy your LINK at with a Limit order.

The trading fees start from between 0.10% to 0.16%.

Crypto.com Exchange Fees

If you are looking to buy LINK frequently, this method may be slightly more cost effective compared to buying via the app!

Liquid

Liquid is a crypto exchange that is based in Japan. It allows you to transfer your SGD to the exchange, but the withdrawal fees are rather high.

Here’s what you need to buy Chainlink from SGD on Liquid:

  1. Deposit your money via bank transfer
  2. Go to Spot Trading
  3. Select BTC/SGD as your trading pair
  4. Select the quantity to trade
  5. Repeat steps 3-4 for LINK/BTC trading pair

#1 Deposit your money via bank transfer

You’ll need to transfer your money via wire transfer to Liquid.

Liquid Funding Your Account Instructions

You are able to deposit SGD into your Liquid account.

#2 Go to Spot Trading

Once you’ve deposited your funds, you can go to ‘Spot Trading‘ to make the trade.

Liquid Spot Trading

There are other options like Margin trading. However, they are too risky especially if you’re just starting to trade in crypto!

#3 Select BTC/SGD as your trading pair

You’ll need to select BTC/SGD as your trading pair.

Liquid BTC SGD Trading Pair

You’ll need to trade between SGD and BTC first, before trading BTC for LINK.

This is because Liquid does not provide you with a SGD/LINK trading pair. As such, you can’t directly buy LINK from SGD!

#4 Select the quantity to trade

You’ll need to select the type of order that you wish to make:

  1. Limit
  2. Market
  3. Stop
  4. Stop limit
Liquid Buy BTC From SGD

After that, you’ll need to select the amount of SGD or BTC that you wish to include in the trade.

After you have traded your SGD for BTC, you’ll now need to trade your BTC for LINK .

This can be done by selecting LINK/BTC as your trading pair.

Liquid LINK BTC Trading Pair

You’ll need to make a trade, similar to how you did between BTC and SGD.

After the order is completed, LINK will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Liquid:

TypeAmount
Trading feesUp to 0.30%
Withdrawal Fees$15 SGD + $30 USD

The trading fees are rather low. However, you’ll need to factor in the costs as you are making 2 trades.

Moreover, the withdrawal fees can be pretty hefty!

You may want to send your LINK to another exchange that charges you lower withdrawal fees.

The remaining exchanges do not support SGD

For the next few methods, they do not allow you to deposit SGD into their exchanges.

This means that you’ll have to buy a cryptocurrency using SGD from one exchange, and then send it to these exchanges.

The currency that you should buy is Bitcoin or Ethereum, which would have the most number of trading pairs.

However, you’ll need to consider the withdrawal fees that you’ll incur when sending your crypto on the blockchain.

Depending on the fees, it can be really hefty!

You can consider using Gemini’s Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH using your SGD.

Gemini SGD Trading Pairs

After that, you can send your BTC or ETH to any of the exchanges below. You will not be charged any withdrawal fees for up to 10 withdrawals per month.

Gemini No Withdrawal Fee

Kraken

Kraken offers quite a few trading pairs on their platform. However, they do not allow you to buy any crypto directly from SGD.

As such, you’ll need to deposit a cryptocurrency onto their platform.

Alternatively, you can deposit other fiat currencies to make the trade too.

Here’s what you need to do to buy LINK on Kraken:

  1. Deposit a currency into Kraken (fiat or crypto)
  2. Go to ‘Trade’
  3. Select a trading pair with LINK
  4. Enter the amount that you wish to pay
  5. Execute the order

#1 Deposit a currency into Kraken (fiat or crypto)

To start trading on Kraken, you’ll need to deposit either a fiat currency or cryptocurrency onto the platform.

You’ll need to go to the funding tab on Kraken.

Kraken Funding Tab

From there, you can deposit a wide variety of fiat or cryptocurrencies:

Kraken Deposit Balances
FiatCrypto
AUDBTC
CADETH
EURLTC
GBPXRP
CHFUSDT
USD
JPY

If you have any of the fiat currencies, you are able to do a wire transfer.

You may incur some fees when you are transferring your funds to Kraken!

#2 Go to ‘Trade’

Once your funds have been sent to Kraken, you can start trading.

You’ll need to go to the ‘Trade‘ tab to start buying LINK.

Kraken Trade Tab

If you are using Kraken for the first time, you will be in the ‘Simple‘ interface.

Kraken Trade Simple Interface 1 1

If you wish to use this interface, you’ll need to select your trading pair above.

Kraken Choose Trading Pair On Simple

You can choose to go to the Intermediate interface too, where you can select your preferred trading pair.

Kraken Trade Intermediate Interface

From there, you can select a trading pair with LINK.

Kraken LINK Trading Pairs

If you want to buy LINK from a cryptocurrency, you can only do so using BTC, ETH or USDT.

#4 Enter the amount that you wish to pay

After selecting your preferred trading pair, you’ll need to enter the details of your trade.

Kraken Buy LINK

#5 Execute the order

Once your trade is executed, the LINK tokens will be credited into your account.

Verdict

Here are the fees that you’ll incur when using Kraken:

FeesAmount
Trading feesUp to 0.26%
Withdrawal fee (crypto)Depends on currency
Withdrawal fee (fiat)Depends on currency

The fees are pretty reasonable, and there is no minimum fee as well!

However, the fees that you incur on Kraken are slightly higher compared to Binance or Huobi.

Nevertheless, Kraken is still an exchange platform that you can consider buying LINK from.

Binance

Binance is one of the largest crypto exchanges in the world. You are able to trade many cryptocurrencies on their platform.

You can’t buy LINK using a credit card, nor directly from your SGD. As such, you’ll need to use the altcoin method to buy this currency.

First, you’ll need to buy crypto from another exchange, and then deposit it into Binance.

Binance Deposit BTC

The best currencies to deposit are BTC or USDT. This is because they have the most trading pairs available.

When you deposit your crypto, you’ll need to make sure that the address you’re sending to is correct.

If not, your crypto may be lost forever!

After depositing your crypto, you’ll have to buy LINK on Binance’s trading platform.

Binance Trading Platform

Here are some of the trading pairs that you can trade for LINK on Binance:

  1. LINK/BTC
  2. LINK/USDT
  3. LINK/BUSD
  4. LINK/ETH
Binance LINK Trading Pairs

After selecting your trading pair, you can start to determine the details of your order.

Binance Buy LINK From BTC

You’ll need to decide on:

  1. The amount of BTC you want to trade
  2. The price of LINK you want to buy at

Once you make the trade, the LINK will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading on Binance:

Type of FeesFee Amount
Deposit FeesNone
Trading FeesUp to 0.1%

The trading fees on Binance are as low as Luno Exchange!

However, it is also quite a hassle to buy LINK on Binance if you’re from Singapore. If you send BTC to Binance, you will incur a withdrawal fee from the crypto exchange you’re sending from.

All of these fees will add up, and you may buy a much lower amount of LINK than you initially expected!

Huobi

Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.

Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.

Here’s what you’ll need to do to buy LINK on Huobi:

  1. Deposit a cryptocurrency into Huobi
  2. Select a trading pair with LINK
  3. Select the type of order you wish to make
  4. Select the quantity of LINK you wish to buy

#1 Deposit a cryptocurrency into Huobi

First, you’ll need to go to ‘Balances → Exchange Account‘.

Huobi Balance Exchange Account

This is where you will deposit your crypto to.

You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.

Huobi Deposit Cryptocurrency

The safest currencies to deposit will be either BTC or ETH.

After depositing your crypto, you can start trading it.

If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.

Huobi Spot Trading

You’ll be brought to the exchange platform, which can be rather overwhelming.

Huobi Exchange Platform

You’ll need to find a trading pair with LINK, which can be done at the left hand side of the platform.

Huobi LINK Trading Pairs

There are fewer trading pairs on Huobi compared to Binance:

  1. LINK/USDT
  2. LINK/HUSD
  3. LINK/BTC
  4. LINK/ETH

You can choose to use USDT instead of BTC, but there are fewer platforms in Singapore that allow you to trade in USDT.

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

  1. Limit
  2. Market
  3. Stop-Limit
  4. Trigger Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.

After you’ve selected your order, you’ll need to select the amount of LINK you wish to buy.

Huobi Buy LINK From BTC

Once the trade has been executed, your LINK will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of FeeFee Amount
Trading FeesUp to 0.20%
Withdrawal FeesDepends on currency

While the fees are rather cheap, they are not as low as Binance (0.10%). Binance may still be the better choice if you are a frequent trader of crypto.

Coinbase

Coinbase only allows you to purchase LINK via your credit or debit card.

Coinbase Buy LINK

However, Coinbase charges you a 3.99% credit card fee. This can be extremely hefty!

Verdict

Coinbase is the least cost effective way of buying LINK in Singapore. You are charged a really high fee of 3.99%.

Moreover, you aren’t able to sell your crypto for SGD. You can’t withdraw from Coinbase in Singapore either, as they no longer support Xfers.

As such, you should only use this platform as a last resort!

Conclusion

Chainlink is an altcoin that is available on quite a lot of platforms.

As such, you are rather spoilt for choice when choosing which platform to use!

Here are some things you may want to consider when choosing a platform:

  1. Available trading pair with SGD
  2. Fees involved (trading, deposit and withdrawal)

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Gemini Referral (Earn $10 USD in BTC)

If you are interested in signing up for a Gemini account, you can use my referral link.

You will be able to receive $10 USD in BTC!

Gemini Referral

Here’s what you need to do:

  1. Register for a Gemini account
  2. Trade ≥ USD $100 or equivalent on Gemini’s platform
  3. Receive USD $10 worth of BTC in your account

Tokenize Referral (Get 5 TKX worth ~ $25 SGD)

If you are interested in signing up for a Tokenize account, you can use my referral link.

You will be able to receive 5 TKX in your account (worth ~$25 SGD)!

Tokenize Referral May 2021

Here’s what you need to do:

  1. Sign up for a Tokenize account
  2. Trade at least $1000 USD worth of crypto
  3. Receive 5 TKX in your Tokenize wallet

You can view details of this referral program on Tokenize’s website.

Receive a further SGD $50 worth of TKX when you upgrade to Premium

You are able to receive another SGD $50 worth of TKX if you upgrade to the Premium or Platinum membership of Tokenize.

You will need to pay 160 TKX to upgrade your membership to the Premium tier.

Once you have upgraded your membership tier, you will receive the TKX bonus!

You can view more information about this promotion on Tokenize’s website as well.

Zipmex Referral (Receive ~ $10 SGD worth of ZMT tokens)

If you are interested in signing up for a Zipmex account, you can use my referral link. You can earn 2.5 ZMT (worth ~ $10 SGD) when you lock up at least 250 ZMT tokens using ZipLock.

Here’s what you need to do:

  1. Sign up for a Zipmex account and complete your KYC
  2. Buy ≥ 250 ZMT from SGD using the trading platform
  3. Lock up your ZMT tokens in ZipLock
  4. Receive 2.5 ZMT tokens

You will be able to earn 16% APY on the ZMT that you’ve locked up!

Zipmex ZipLock ZMT Rate

Your ZMT tokens will need to be locked up for a minimum of 90 days.

Crypto.com Referral (Get $25 USD worth of CRO)

If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.

We will both receive $25 USD worth of CRO in our Crypto Wallet.

Crypto.com Referral

Here’s what you’ll need to do:

  1. Sign up for a Crypto.com account
  2. Enter my referral code: ‘x2kfzusxq6
  3. Stake enough CRO to unlock a Ruby Steel card or higher

The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.

You can read more about the referral program on Crypto.com’s website.

Crypto.com Exchange Referral (Earn $10 USD- $50 USD in CRO)

If you are interested in creating a Crypto.com Exchange account, you can use my referral link and enter the code “x2kfzusxq6“.

Depending on the amount of CRO you stake on the Crypto.com Exchange, you are able to earn between USD $10 to USD $50!

Crypto.com Exchange Referral

Here are the amounts that you’ll need to stake to receive the bonuses:

Amount of
CRO Staked
Referral Bonus
You Receive
1,000 – 4,999 CRO$10
≥ 5,000 CRO$50

If you’ve already signed up for the Crypto.com app, you can still sign up for this bonus! This is because the Crypto.com App and Exchange are 2 different platforms.

You can read more about this referral program on Crypto.com’s website.

Liquid Referral (10% of your trading fees for the first month)

If you are interested in signing up for a Liquid account, you can use my referral link and use the referral code ‘Op-p4Wt6863107‘.

You are able to receive a 10% discount on your trading fees for your first month with Liquid!

Liquid Referral

Here’s what you need to do:

  1. Sign up for a Liquid account
  2. Make any trades on Liquid’s platform
  3. Receive a 10% discount for each trade you make in the first month

Binance Referral (Receive 5% off your trading fees)

If you are interested in signing up for a Binance account, you can use my referral link.

You will be able to receive 5% off all of your trading fees on Binance!


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