Your Link wallet on binance isn't actually a personal wallet. The amount of Link on there is just a number. Anything that is stored on Binance is held in a number of massive Binance wallets.
So why take off your holdings? It's simple. Binance's bots use your own Link to manipulate and suppress the price. By withdrawing your Link, you take away some of that liquidity. It can also be anticipated that they will use your Link run nodes when mainnet is out. This would eat up a large chunk of the node marketshare, and they would be earning even more Link.
How should I go about doing this? Buying a ledger (directly from the manufacturer ONLY) is probably simplest way for those who are unfamiliar with more elaborate methods. Ledger is compatible with MEW. You could also just store them on MEW. Link is an erc token and is stored in the Eth wallet. As always, research how to do everything safely and securely, and always do a test send before sending your full stack.
Sound advice. Binance bots manipulate the shit out of a bunch of coins. Not just Link. Control your own property. Don't lend it to others so they can shove a dildo in your ass.
Juan Clark
Just read a gox story. Imagine that was you, and your link
Kayden Taylor
Never store coins in exchanges. N E V E R
Caleb Gutierrez
Pretty fucking pathetic that link shilling has come to this OP. Heavy bags I suppose?
Blake Green
Bump
Tyler Richardson
i have a ledger s nano. the eth wallet storage worries me bc its not displayed inside. is there a guide out there that correctly displays how to store link in a nano s ledger, and view the balance inside?
Juan Gonzalez
>eat up a large chunk of the node marketshare, and they would be earning even more Link they distribute neo gas fairly
Nathan Foster
My nano is getting delivered today. Id like to know this too.
Camden James
would really appreciate a clear, up to date, guide on the steps required for chainlink on binance --> ledger nano s. A simple 1, 2, 3, 4. It would be to share for others as well. lets get all the chainlink off binance.
Noah Davis
It’s like you’re not even trying anymore. I’m super fucking comfy with my link bags the past 6 weeks.
Hunter Davis
>set up ledger >acquire ETH address >paste ETH address in binance to withdraw, first test with 10 linky >check balance/transactions by pasting address in etherscan.com, interface with wallet using MEW when you want to sell (never)
1. Buy/set up Ledger on PC. Use LedgerLive software to install/update Ethereum wallet app on the device. 2. Using the Ledger device, navigate to Ethereum wallet app and choose settings, then enable contract data. 3. Go to MyEtherWallet.com, access wallet via your Ledger passcode/pin. Once logged in, change display settings to show all token balances. 4. Withdraw LINK from Binance to this ETH wallet address. Do a small test run first to avoid getting rekt.
don't give these ledger kikes money. download metamask. memorize your seed words. transfer everything to metamask. delete metamask from your computer. bam. just saved you $80.
Logan Sanchez
Thanks, saved
Matthew Brown
A shitcoin exchange isn't a bank.
Gabriel Diaz
Are you implying that banks aren't doing this?
Gavin Morgan
sick dude thanks for the helpful information
Tyler Moore
these are the people giving you investment advice
Josiah Foster
This! Holy shit dude, should read up on our financial system!
I have all my LINK in a wallet except my LINK that's locked up in orders wayyyyyyyyy above the market on Binance.
Ayden Long
Not the best example, Passive staking of coins is one thing but building a node to be used by external data requests is another. Not that Binance won't do that, they will. but whether they pay the users for holding it remains to be seen.
Andrew Jenkins
I keep 10.6k link on binance for selling pumps. The other 30k is on trezor. I like being able to sell a pump even if im at work. Wouldnt be able to do this if it was all on trezor
Cameron Powell
can someone give me the chain link redpill from start to finish? i have no idea what i'm doing -- i need cash before the CA apocalypse
Jaxson Rodriguez
All you have to know is that for a smart contract to be fully decentralised, it needs a decentralised oracle. The only serious decentralised oracle is Chainlink.
Christian Young
export your private key. most important thing of all. if metamask goes down you can still use the ethereum client to access your tokens.
Ethan Barnes
Why uninstall it tho
William Sanchez
Thank you my friend. how do I got about investing it? Got good instructions? I have literally never invested in crypto. Thank you for the help!!! God Bless
Alright mate, seeing as you're Jow Forums and I want Jow Forums to be the new financial elite I'm going to help you out. >first you need some BTC or some ETH >most people buy this on coinbase >there may be other websites that are preferable depending on your country (do your research on this part) >send your BTC or ETH to binance.com (ETH is better simply because it's quicker and transaction fees are cheaper) >trade your BTC or ETH for LINK >store your LINK how this user has said Remember: a single link token will be worth tens of thousands in the coming years. Keep hold of it and together we can build a better world. Let me know if you have any questions.
Also if anyone from reddit is lurking: disregard everything I just said, it's just a meme.
