Chainlink(LINK) has been one of the hottest cryptocurrency altcoin investments of 2019, which is currently ranked somewhere in the top 20 cryptocurrencies in terms of marketcap(as of 9th July, 2019). But as you may know, having great cryptocurrency investments are pretty pointless if your funds are insecure. So if you’re looking for a guide to properly secure your Chainlink(LINK), you’ve come to the right place.
Don’t have any Chainlink(LINK) yet? Grab some now:
What wallet should I use?
Chainlink(LINK) is currently an Ethereum ERC20 token. So just like any other ERC20 token, you can store your Chainlink(LINK) on reputable Ethereum wallets like MyEtherWallet(MEW) or MyCrypto; or preferably, through a reputable hardware wallet like a Ledger Nano S/X if you’re holding a significant amount.
How do I create a secure Ethereum wallet for my Chainlink(LINK)?
You can follow our guide here: How To Create a Secure Ethereum Wallet
After creating an Ethereum wallet using our guide, you can simply send out your Chainlink(LINK) to the Ethereum address of the wallet you’ve created.
How do I store my Chainlink(LINK) on the Ledger Nano S/X?
If you own a significant amount of money on Chainlink(LINK) or any other cryptocurrency, we heavily recommend using a hardware wallet like the Ledger Nano S/X. You can follow our guide here: Store your Ether & ERC20 Tokens on the Ledger Nano S/X
After installing the Ethereum app on your Ledger Nano S/X and on Ledger Live, simply send in your Chainlink to your Ethereum address on Ledger Live.
After sending in your funds to your Ethereum wallet on Ledger Live, you can access your Chainlink(LINK) and your other ERC20 tokens on MyEtherWallet here: https://www.myetherwallet.com/access-my-wallet