How to Buy Bancacy (BNY) in Azerbaijan

A Step-by-Step-Guide on how to buy Bancacy (BNY) in Azerbaijan

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your welcome 10 Dollar.

Binance Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Bancacy (BNY) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate {Bancacy (BNY)|(BNY) Bancacy}

As soon as your deposit has been approved, you will now have access to your finances and you can initiate purchasing and trading. To invest in {Bancacy (BNY)|(BNY) Bancacy} on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To locate {Bancacy (BNY)|(BNY) Bancacy}, you will need to insert the shortname of the coin (BNY) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “BNY/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Bancacy (BNY)
Step 4 – Buy {Bancacy (BNY)|(BNY) Bancacy}

As soon as you've spotted {Bancacy (BNY)|(BNY) Bancacy}, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our Limit Order.

The ”Price” field will be filled with the latest price {Bancacy (BNY)|(BNY) Bancacy} was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of BNY you wish to purchase. The ”Total” field is the total price in BTC that you will pay for the whole volumen of BNY.

When you are happy, click on “Buy BNY”. Your plan will be filled as soon as a Seller trades their BNY for the price you offered.

Step 5 – Withdraw {Bancacy (BNY)|(BNY) Bancacy}

Unless you are trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive period of time. In order to take off your {Bancacy (BNY)|(BNY) Bancacy}, hover over the tab called “Funds” and click on “Withdraw”. {Bancacy (BNY)|(BNY) Bancacy} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Bancacy (BNY)|(BNY) Bancacy} by using the given drop-down box. Drop in the volumen of {Bancacy (BNY)|(BNY) Bancacy} you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are glad, click “Submit”. You may be asked for email/phone verification before a take off.

Kudos! You've successfully purchased and stored Bancacy (BNY) in Azerbaijan.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {Bancacy (BNY)|(BNY) Bancacy} is stored within your wallet, you're all done.

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