How to Buy bitCNY (BITCNY) in Azerbaijan

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first $10.

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. bitCNY (BITCNY) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

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

As soon as your deposit has been confirmed, you will immediately have access to your finances and you can commence buying and trading. To purchase {bitCNY (BITCNY)|(BITCNY) bitCNY} on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”.

To spot {bitCNY (BITCNY)|(BITCNY) bitCNY}, you will need to put the cointype (BITCNY) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we have marked this too. Click on “BITCNY/BTC” to progress.

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

After you've located {bitCNY (BITCNY)|(BITCNY) bitCNY}, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation {bitCNY (BITCNY)|(BITCNY) bitCNY} was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of BITCNY you like to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the complete quantity of BITCNY.

When you are satisfied, make a mouse click on “Buy BITCNY”. Your plan will be filled as soon as a Seller sells their BITCNY for the price you introduced.

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

Unless you are frequently trading, never keep your coins on an Crypto Trader for an longer period of time. To withdraw your {bitCNY (BITCNY)|(BITCNY) bitCNY}, go to the ”Funds” tab and mouse click on “Withdraw”. {bitCNY (BITCNY)|(BITCNY) bitCNY} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {bitCNY (BITCNY)|(BITCNY) bitCNY} by using the provided drop-down box. Enter the amount of {bitCNY (BITCNY)|(BITCNY) bitCNY} you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you are happy, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully purchased and stored bitCNY (BITCNY) in Azerbaijan.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the {bitCNY (BITCNY)|(BITCNY) bitCNY} is safe within your wallet, you're finished.

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