How to Buy BitBay (BAY) in Azerbaijan

A Step-by-Step-Guide on how to buy BitBay (BAY) in Azerbaijan

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome 10 Dollar.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. BitBay (BAY) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find {BitBay (BAY)|(BAY) BitBay}

As soon as your deposit has been approved, you'll immediately have access to your finances and you can commence invest and trading. To invest in {BitBay (BAY)|(BAY) BitBay} on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

In order to find {BitBay (BAY)|(BAY) BitBay}, you'll need to insert the shortname of the coin (BAY) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this also. Click on “BAY/BTC” to continue.

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

Once you have located {BitBay (BAY)|(BAY) BitBay}, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent valuation {BitBay (BAY)|(BAY) BitBay} was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of BAY you like to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole amount of BAY.

When you are glad, make a mouse click on “Buy BAY”. Your order will be filled as soon as a Vendor trades their BAY for the price you offered.

Step 5 – Withdraw {BitBay (BAY)|(BAY) BitBay}

Unless you're trading, never keep your crypto on an Crypto Exchange for an extended time frame. To take off your {BitBay (BAY)|(BAY) BitBay}, hover over the tab called “Funds” and mouse click on “Withdraw”. {BitBay (BAY)|(BAY) BitBay} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {BitBay (BAY)|(BAY) BitBay} by using the given drop-down box. Drop in the quantity of {BitBay (BAY)|(BAY) BitBay} you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congratulations! You've successfully purchased and stored BitBay (BAY) in Azerbaijan.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the {BitBay (BAY)|(BAY) BitBay} is safe in your wallet, you are done.

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