Buy Chainlink
in Sweden

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.

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.

Yes. According to an overview of fintech and crypto-assets document by the Financial Stability
Department of Sweden, cryptocurrencies are digital assets which can be bought, sold,
transferred and held and used mainly as speculative investments; which means that they are
bought in the hope that they will gain value. According to the above-mentioned document,
legislation aimed at counteracting money laundering and terrorist financing is often applicable
also for crypto-assets and related operations.

Yes. According to the declaration by the Supreme Administrative Court in Sweden,
cryptocurrencies are not considered similar to foreign currencies, shares, or equities from a tax
perspective. Instead, cryptocurrencies are viewed as other assets and are taxed according to
Chapter 52 of the Swedish Income Tax Act. According to the mentioned tax act, your
cryptocurrency activity may be subject to three different types of taxes: Capital Gains Tax,
Income tax and Interest Income Tax. As could be taken from the tax act, cryptocurrency sales
are subject to capital gain tax of 30% rate on the profits you make. If you have earned crypto for
some form of service or work, then you need to pay typical income tax, but if you decide to hold
the cryptocurrency that you received, then you will need to pay capital gains tax on the profits or
losses that can happen when you sell them. If you have received crypto in the form of loan
interest or staking rewards, then you will be subject to interest income tax at a rate of 30%. It is
highly recommended to consult a professional on the details of your taxations.

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.

Anyone can easily buy, sell, convert, hold and trade cryptocurrencies using one of the many
cryptocurrency exchanges available in Sweden. Many payment services are accessible in
Sweden through which you can purchase crypto assets; namely: Apple pay, Google pay, Credit
Card, Debit Card, Bank Transfer and PayPal. Our exchange supports all of the mentioned
payment services and provides quick, secure and free of charge transactions in Sweden.