Swapping Bitcoin (BTC) for Chainlink (LINK) is a simple and straightforward process with Zengo, the most secure non-custodial cryptocurrency wallet. With Zengo, you can trade your BTC for LINK tokens or the other way around in a matter of seconds.
Bitcoin is a digital decentralized currency that was created to offer a new alternative to fiat currencies for users around the world. It was created by Satoshi Nakamoto in October 2008 but was allegedly first minted in January 2009. Bitcoin operates on the Bitcoin blockchain and is supported by a mining process that helps to safeguard the integrity of each transaction. Bitcoin is currently considered by many crypto investors as the most valuable and most successful form of cryptocurrency in the world, with millions of users. It can be utilized to pay for many goods and services, with more companies accepting Bitcoin payments each day.
Chainlink is an Ethereum token that was created by Chainlink teams in 2017. This token powers the decentralized Oracle network, which effectively makes it both a form of cryptocurrency and also a tech solution that allows enterprises that are not actually based on the blockchain to connect safely and simply with blockchain platforms. The Chainlink token itself is an ERC677 token, which is an extension of ERC20, and each token serves as a data payload, taking data from off-chain sources and feeding it into smart contracts to make payments between blockchains and payment platforms easier. The token runs exclusively on the Ethereum blockchain, but plans are in development for Chainlink to be integrated with other blockchains in the future.
Once Zengo has been installed on your device, you can follow the step-by-step instructions below in order to swap BTC for LINK:
Swapping Bitcoin for Chainlink has never been safer and easier with the next-gen Zengo cryptocurrency wallet. Here are just a few reasons why thousands of users trust Zengo with their crypto holdings:
The next-gen, Web3-ready Zengo wallet provides access to the world of crypto trading and NFTs. With Zengo, you can hold, buy, sell, send, receive, and trade a wide range of cryptocurrencies, from Bitcoin and Chainlink to Ethereum, Dogecoin, Polygon, and more. On top of that, users can access NFT marketplaces like OpenSea with the aid of Zengo’s WalletConnect functionality, which also allows access to Dapps, Metaverse gaming, and decentralized finance.
Zengo sets the standard for safety and security in crypto wallets. It uses the latest MPC technology for maximum protection of your digital assets, along with a 3-factor biometric authentication system to safeguard your account. Thanks to this, you can forget about seed phrases and QR codes; just scan your face any time you need to log in and access your crypto assets or NFTs.
The Zengo wallet is completely Web3-ready and non-custodial. In simple terms, this means that users are in total control of the cryptocurrencies they hold, as well as their own private keys. You can send, receive, and swap cryptocurrencies with ease, no matter where you are. With Zengo, the power is in the palm of your hand.
Apart from offering you access to multiple blockchains and a large number of digital assets, Zengo charges its users fair trading fees and no transaction fees whatsoever when sending and receiving crypto (although network fees will still apply). The best part is that Zengo lets you decide how much miner fees you are willing to pay. If you want your transactions to come through quickly, you can pay a bit more. Not in a hurry? Then you can choose to pay less. Find out more about our dynamic fee structure here.
Even if you lose your mobile device, it won’t matter. Thanks to Zengo’s biometric recovery system, you’ll be able to do a simple facial scan to recover and access your cryptocurrency holdings. There’s no need to worry about noting down complicated keyphrases or enduring tiresome recovery processes.
Need a hand with swapping Bitcoin to Chainlink or swapping other kinds of crypto with Zengo? No need to worry! Zengo’s friendly, professional team of customer support agents is ready and waiting to help out. We offer round-the-clock customer support, so you can always get help or answers to questions you might have, along with an Online Help Center.
Despite the fact that there is considerable interest in cryptocurrency investments, the industry is still largely unregulated. Cryptocurrencies are volatile, meaning that their values can change dramatically very quickly. Zengo protects your crypto portfolio and provides you with access to Web3 and Dapps, but it does not offer any kind of financial advice. Be sure to do your own research before choosing whether or not to invest in cryptocurrencies.
Zengo is the ultimate crypto wallet for swapping BTC for COMP and vice versa. Want to know more about how it all works? You can find more information about this topic in the following frequently asked questions section below.
Bitcoin and Chainlink have quite a wide range of differences. For starters, Bitcoin operates exclusively on the Bitcoin blockchain and is a mineable cryptocurrency, which means that individual Bitcoins can be created through a complex process that involves solving complicated mathematical problems. In contrast, Chainlink cannot be mined, and it operates exclusively on the Ethereum blockchain.
These two forms of cryptocurrency also have different uses and purposes. Bitcoin, for instance, was made to provide a digital alternative to fiat currencies, streamlining and securing payments across the world. Chainlink was created to act as a middleware between off-chain and on-chain platforms and systems. It allows enterprises that aren’t blockchain-based to connect securely with blockchain platforms, facilitating payments that are made between blockchains and payment platforms, and essentially gives off-chain businesses and entities easier access to on-chain systems.
Swapping Bitcoin for Chainlink simply means that you are converting a certain amount of your Bitcoin for Chainlink tokens by using Zengo’s in-app trading feature. With Zengo’s crypto wallet, the whole process is easy, safe, and secure.
Yes, there are minimum trading amounts when swapping cryptocurrencies, including BTC and LINK. These amounts are dynamic and will change in relation to market trends over time. You can see the current amounts by logging into your Zengo account and choosing to swap BTC for LINK or vice versa.
Yes, without a doubt. Zengo provides you with state-of-the-art security technology to protect all of your crypto investments and NFTs while also facilitating easy swaps between BTC and LINK. Other reasons to choose Zengo would be the fact that it’s beginner-friendly, offers effortless recoverability and comes with 24/7 customer support.
Whenever you make a trade on Zengo, you can track its progress. To do so, tap the “History” button on the main menu. While the trade is being processed, it will be marked as “Trade Pending,” but once it’s done, the status will change to “Trade Received.” You’ll also get a notification once the swap is complete.
Yes, you can definitely send your Bitcoin and Chainlink tokens to other crypto wallets through Zengo. You can do this in a matter of minutes by opening up the Zengo app and then scrolling down to the currency you want to send. Tap on your chosen currency, choose “Send,” and enter the amount you wish to send. Then you should enter the receiving wallet address and follow a few more easy on-screen instructions to finalize the transfer. Please note that you must leave a minimal amount in order to cover the network fee.
The Zengo next-gen crypto wallet is the most secure solution to store your cryptocurrencies and other digital assets, like NFTs. It offers maximum protection with MPC technology and a multi-layer biometric security system so that you and only you will have control and access to your account.
Yes, Zengo allows you to buy various kinds of cryptocurrencies, like Bitcoin and Chainlink, with just a few easy taps. To do this, open the app on your device and find the “Actions” icon in the main menu. Tap on it, then tap on the “Buy” button and choose the cryptocurrency you wish to purchase. Once you’re ready, follow the instructions to purchase your asset with the help of one of our trusted purchasing partners. Payments can be made with the following methods: Visa, MasterCard, Apple Pay, and Bank Wire Transfers.
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