How to Buy bitCNY (BITCNY) in Armenia

A Step-by-Step-Guide on how to buy bitCNY (BITCNY) in Armenia

Step 1 – Signup to Coinmama

You will first need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. bitCNY (BITCNY) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate {bitCNY (BITCNY)|(BITCNY) bitCNY}

As soon as your deposit has been approved, you will immediately have access to your assets and you can launch invest and trading. To invest in {bitCNY (BITCNY)|(BITCNY) bitCNY} on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To spot {bitCNY (BITCNY)|(BITCNY) bitCNY}, you will need to put the shortname of the coin (BITCNY) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have highlighted this also. Click on “BITCNY/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} bitCNY (BITCNY)
Step 4 – Purchasing {bitCNY (BITCNY)|(BITCNY) bitCNY}

After you've spotted {bitCNY (BITCNY)|(BITCNY) bitCNY}, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our Limit Order.

The field with the “Price” tag will be filled with the latest tariff {bitCNY (BITCNY)|(BITCNY) bitCNY} was traded for. You can change this to your desired price. The ”Amount” field is the volumen of BITCNY you want to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of BITCNY.

If you're satisfied, make a mouse click on “Buy BITCNY”. Your plan will be filled as soon as a Vender sells their BITCNY for the price you offered.

Step 5 – Withdraw {bitCNY (BITCNY)|(BITCNY) bitCNY}

Unless you are regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer period of time. To take off your {bitCNY (BITCNY)|(BITCNY) bitCNY}, go to the tab called “Funds” and mouse click on “Withdraw”. {bitCNY (BITCNY)|(BITCNY) bitCNY} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {bitCNY (BITCNY)|(BITCNY) bitCNY} by using the given drop-down box. Drop in the amount of {bitCNY (BITCNY)|(BITCNY) bitCNY} you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address.

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

Congrats! You have successfully purchased and safed bitCNY (BITCNY) in Armenia.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the {bitCNY (BITCNY)|(BITCNY) bitCNY} is stored inside your wallet, you are done.

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