Trusted by Chainlink buyers, you can buy and trade Chainlink in Estonia and 100+ countries on Blocktrade without any fees easily.
Your entry to the world of crypto
Learn More about buying LINK in Estonia
How to buy Chainlink in Estonia
Is LINK a good investment in Estonia?
LINK crypto was released in 2017 with an initial price of $0.11. Its price didn’t have a salient change until mid-2019 when it finally could reach $1 per token and continued to grow and ended the year with a price of $4. 2020 was more surprising for this coin because it could mount up to $14 and become a wonderful investment for its owners. LINK could reach its highest price of $37 in February 2021. Although it might seem that LINK didn’t have a great beginning, its price suddenly surprised everyone. However, 2022 wasn’t a great year for this crypto because the LINK price dropped to $19.60 in January, and ended the year at $7.
Like many cryptocurrencies, LINK also had fluctuations. People who want to invest in this crypto would like to know if it will end up profitable. No one knows the answer to this question, but some factors can help investors decide on buying this crypto. One of them is LINK price predictions. Some crypto analysts believe that LINK price may continue to fall until 2027, but then it might increase to $70 and may continue to grow and be around $169 in the next ten years. Therefore, they expect LINK to be a good long-term investment. However, predictions are just some expectations that might not come true. It is better to check the news about this crypto, read its whitepaper, and investigate the price of the day to decide whether it is the best time to buy LINK.
What is Chainlink ?
Chainlink is a decentralized oracle network announced in 2017. It runs on the Ethereum blockchain and is used to support advanced smart contracts. Generally, smart contracts are automated agreements on blockchain. But, sometimes, they need to connect to the real world to make some processes possible. Chainlink makes this possible and acts like a bridge between blockchains and external data sources or what is known as off-chain.
Is Chainlink legal to buy in Estonia
Estonia was among the first countries that legalized cryptocurrency and related economic activities. It was in November 2017 when a law was introduced that accepted cryptocurrency as a payment method to keep up with the development of technology. Therefore, activities such as mining, crypto investment, adding cryptocurrency to a company balance sheet, and even establishing a cryptocurrency exchange or wallet are allowed in this country.
Is Chainlink taxed in Estonia
According to the Estonia Tax and Customs Board, cryptocurrency trading contains taxes in Estonia. People who buy cryptocurrency should pay tax in case of trading, converting to fiat, or paying the crypto to purchase something. They should declare all the transactions they have with cryptocurrency because the income from mining or trading any crypto is considered the business income of a person, which is included in the tax rules in Estonia.
The tax report should be declared once a year in March. Generally, if you keep the cryptocurrency as an investment and don’t do anything to it, you won’t need to pay taxes. For example, if you have kept the coins in a wallet for the whole year, you won’t need to mention it in your tax report. Only the profit you gain from selling or trading crypto is taxed. However, if you sell crypto at a lower price than you bought, you won’t need to pay tax for it. Only the profits from selling crypto are reported. Therefore, even if cryptocurrency assets are not tangible assets like a car or a house, that doesn’t bother tax authorities. The tax rate is 20% in Estonia.
After you've bought Chainlink in Estonia
LINK coin is mainly used on the Chainlink network as a payment fee or for voting on different processes. It can’t be used as a payment method outside this network. Therefore, it is not possible to use it as a real currency to purchase goods or transfer money. However, this might be possible in the future. You can trade or swap the LINK coins with Eth or XRP and then use it to purchase goods or even use it in gaming or other processes.
Meanwhile, most people buy a cryptocurrency for investment. In this case, the usage is not that important because you only need to keep your coins in a wallet and wait until the right time to sell. Investment needs you to be aware of the crypto market and check the coin price every day. If you are new to this world, we recommend you choose an exit point for your investment. Thus, if the price of LINK reaches that amount, you can easily sell it to get a profit. In the end, we also suggest investing as much as you can afford to lose because cryptocurrencies are volatile, and nothing is predictable in this world.
Who can buy Chainlink in Estonia
Anyone can buy cryptocurrency in Estonia. Since cryptocurrency is taxed in Estonia, buying it requires you to prepare a couple of things including a passport or a national ID, a mobile phone to verify your identity, a bank account to make fiat currency deposits, and a crypto wallet to store your assets. However, that may depend on the exchange you use. Exchanges in Estonia ask you to verify your identity and address as part of the Know Your Customer (KYC) process. You can buy cryptocurrency anonymously too, but you should use other exchanges that might not be as user-friendly or secure as the ones that have been verified legally.
One secure and user-friendly way to buy cryptocurrency in Estonia is via Blocktrade exchange. This exchange doesn’t have any trading fees, and you can find a wide range of cryptocurrencies to buy here. You only need to sign up on the website, verify your account, and then start buying coins.
Buy Chainlink at your ease
Payment methods to buy Chainlink in Estonia
Just 3 easy steps to your first investment in Chainlink
Sign up and verify
Make your first
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in Estonia
Frequently asked questions
The Chainlink network is one of the first networks that make it possible to link blockchain with off-chain or the world outside of the blockchain. Therefore, it is very useful, especially when working with advanced smart contracts. It is believed that this network and its coin will act as well in the future.
Cryptocurrency exchanges have different fees; you need to check different Estonian crypto exchanges to find the one with the lowest fee. Blocktrade exchange is available in Estonia and doesn’t have any fee.
It is legal to buy cryptocurrency in Estonia. However, you should keep in mind that the profit you may get from any cryptocurrency will be taxed at the end of the year.
LINK tokens are available on most exchanges. Blocktrade is one of the exchanges that support this crypto. This exchange has the lowest trading fee and is regulated in the EU. Therefore, you can simply sign up on this exchange and buy the crypto you want.
Since trading and exchanging cryptocurrency is allowed in Estonia, if you have any tokens, you can sell without any problem.
Sergey Nazarov, a Russian entrepreneur is the founder of Chainlin and Steve Ellis is the CTO at this company. The headquarters of Chainlink is in the Cayman Islands.