Selling Chainlink made simple.
At Bitinvestor we’ve made it simple to sell Chainlink.
As soon as you’ve sent us your Chainlink, we’ll initiate a bank transfer to you. You will usually receive your money within a few hours, but always within 2 business days.
And if you face problems or have any questions, we’re ready to help in our livechat every day of the week!
How do you sell Chainlink?
Why sell through Bitinvestor?
Local bank transfers
We pay out through the local banking systems for EUR, GBP, and DKK so you don’t have to worry about international methods.
As soon as we receive your cryptocurrency, we intiate the bank transfer to your account.
Bitinvestor is regulated by the Danish Financial Authorities and Fintrac Canada.
Learn about Chainlink
The Birth of Chainlink
While Chainlink’s conception stretches back even further, its story first started in September 2017. Steve Ellis and Sergey Nazarov both contributed to its founding. Chainlink attempted to overcome one of blockchain’s intrinsic limitations: its inability to securely communicate with external data. At the time, the world was still getting its bearings with Bitcoin and the plethora of altcoins that were entering the market. This idea is essential since real-world agreements frequently rely on information not contained in the blockchain, such as stock prices or the weather.
How does Chainlink work?
Chainlink is fundamentally a decentralized oracle network. Just to be clear, let’s discuss oracles first. Within the blockchain setting, an oracle is an agent that locates and authenticates real-world events and uploads this data to a blockchain for use in smart contracts.
But oracles are vulnerable because of their centralized design, which results in a single point of failure. Here’s when Chainlink’s genius really shows. Decentralized oracles are provided. It guarantees that smart contracts obtain secure and dependable data by decentralizing data input.
Chainlink functions in this way:
User Request: A user contract asks Chainlink for information.
Chainlink Contracts: The request is forwarded to several Chainlink nodes by the Chainlink contract.
Retrieving Data: Each of these Chainlink nodes obtains data from an off-chain data source.
Data Aggregation: After being retrieved, the data is combined and returned to the user contract.
Contract Execution: Using this combined data, the smart contract then goes into action.
In order to compensate node operators for their services and to reward them for being truthful, Chainlink uses the LINK token.
The Minds Behind Chainlink
In addition to being a ground-breaking concept, Chainlink offers evidence of the genius of its creators. Software developer Steve Ellis and cryptocurrency industry veteran Sergey Nazarov collaborated to find a solution to the oracle challenge. Ellis’s technical expertise and Nazarov’s vision have been essential to Chainlink’s success. Under their leadership, Chainlink has worked with a number of well-known companies and has been steadily growing its network, making it a leader in the DeFi industry.
What makes Chainlink unique?
There are various characteristics that set Chainlink apart from other projects:
Decentralization: As previously indicated, Chainlink’s decentralization mitigates the issues of centralized oracles, such as single points of failure and data tampering.
Diversity of Data Sources: Chainlink obtains its data from multiple sources. Pulling from several sources guarantees a higher level of precision and dependability.
Reputation System: A reputation system is built into each decentralized node of Chainlink. This further guarantees data integrity by guaranteeing that nodes that provide erroneous or slowly delivered information are penalized.
Flexibility: A contract can be tailored to fit a range of use-cases by developers, who can decide which data aggregation technique is best and how many oracles it should use.
Chainlink has been tried and tested in real-world scenarios. It has consistently shown its worth by being included into a wide range of projects, including gaming and decentralized banking platforms.
Partnerships & Collaborations: Chainlink’s credibility is further enhanced by its partnerships with illustrious businesses and institutions in both the traditional and cryptocurrency industries. Partnerships with Google Cloud, Oracle, and SWIFT are just a few examples of this.
Frequently asked questions
When you sell Chainlink, we will initiate a bank transfer to your bank as soon as we receive your Chainlink. The money usually arrives within hours, but always within 2 business days.
As soon as we receive your Chainlink, the price gets locked in.
When selling, the price is locked in after your transaction has 1 confirmation on the blockchain. That usually never takes more than 5 minutes.