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Frequently asked questions

If you invest in Chainlink and then later come to sell it for a profit, you’re likely to be vulnerable to Capital Gains Tax. Check the law relevant to your country of residence. Crypto tax software can help you calculate and file your taxes.

Chainlink's price is a market price determined by exchanges. It's actually pretty easy: if there are more buyers than sellers, Chalink's price will increaase.

That said, the value of the cryptocurrency also depends on the broader crypto market and the adoption of the Chainlink network: the more people use it, the more valuable it will get.

You can sell Chainlink on a crypto exchange on the internet. To start trading you need to select one of the list above, open an account, verify your identity and deposit your Chainlink on the exchange.

A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

It’s difficult to say with certainty whether the price of Chainlink will go down or up in the future. If it was easy, there would be many more would-be buyers. Note that if you sell Chainlink, there’s always the risk that the price will continue to climb, and that you’ll have missed out on a potentially substantial payday.

Don't miss out on a good selling point and set a yourself price alert.

When you’re considering the potential costs and benefits of a sale, you might bear in the mind the fees demanded by a given exchange, the ease with which you’ll be able to make a sale, and the security that comes with two-factor authentication. Different exchanges offer different features, and you can compare them using Cryptoradar.

Different exchanges pay out in different ways. Again, you can use Cryptoradar to compare your options.

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