How to Purchase Ethereum (ETH) using Chainlink (LINK)

To buy Ethereum using Chainlink, first, find a cryptocurrency exchange that supports the ETH/LINK trading pair, such as Nexo, YouHodler, Binance or BTSE. Create an account, verify your identity, and deposit your LINK into your exchange wallet. Locate the ETH/LINK pair on the trading platform and place an order to exchange your Chainlink for Ethereum. If the ETH/LINK pair is unavailable, you can first exchange Chainlink for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Ethereum. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.