How to Buy Binance Coin (BNB) in Azerbaijan

A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Azerbaijan

Step 1 – Signup to Coinmama

You will first need to purchase one of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Binance Coin (BNB) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate {Binance Coin (BNB)|(BNB) Binance Coin}

Once your deposit has been verified, you will immediately have access to your finances and you can commence purchasing and trading. To buy {Binance Coin (BNB)|(BNB) Binance Coin} on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

In order to discover {Binance Coin (BNB)|(BNB) Binance Coin}, you will need to insert the short name of the asset (BNB) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this also. Click on “BNB/BTC” to go on.

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

After you have spotted {Binance Coin (BNB)|(BNB) Binance Coin}, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our own Limit Order.

The ”Price” field will be filled automatically with the latest rate {Binance Coin (BNB)|(BNB) Binance Coin} was traded for. You can change this to your favoured price. The ”Amount” field is the amount of BNB you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of BNB.

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

Step 5 – Withdraw {Binance Coin (BNB)|(BNB) Binance Coin}

Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an extended period of time. In order to take off your {Binance Coin (BNB)|(BNB) Binance Coin}, go to the ”Funds” tab and mouse click on “Withdraw”. {Binance Coin (BNB)|(BNB) Binance Coin} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Binance Coin (BNB)|(BNB) Binance Coin} by using the provided drop-down box. Enter the amount of {Binance Coin (BNB)|(BNB) Binance Coin} you'd like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Congrats! You have successfully purchased and stored Binance Coin (BNB) in Azerbaijan.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the {Binance Coin (BNB)|(BNB) Binance Coin} is stored inside your wallet, you are all done.

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