How to Buy BitcoinX (BCX) in Azerbaijan

A Step-by-Step-Guide on how to buy BitcoinX (BCX) in Azerbaijan

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

In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome $10.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. BitcoinX (BCX) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate {BitcoinX (BCX)|(BCX) BitcoinX}

Once your deposit has been approved, you'll immediately have access to your finances and you can begin invest and trading. To invest in {BitcoinX (BCX)|(BCX) BitcoinX} on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to locate {BitcoinX (BCX)|(BCX) BitcoinX}, you'll need to insert the cointype (BCX) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “BCX/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} BitcoinX (BCX)
Step 4 – Purchase {BitcoinX (BCX)|(BCX) BitcoinX}

Once you've located {BitcoinX (BCX)|(BCX) BitcoinX}, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation {BitcoinX (BCX)|(BCX) BitcoinX} was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of BCX you like to buy. The ”Total” field is the total price in BTC that you will pay for the whole quantity of BCX.

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

Step 5 – Withdraw {BitcoinX (BCX)|(BCX) BitcoinX}

Unless you're trading, never keep your crypto coins on an Crypto Trader for an extensive time period. To withdraw your {BitcoinX (BCX)|(BCX) BitcoinX}, go to the tab called “Funds” and click on “Withdraw”. {BitcoinX (BCX)|(BCX) BitcoinX} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {BitcoinX (BCX)|(BCX) BitcoinX} by using the provided drop-down box. Put into the volumen of {BitcoinX (BCX)|(BCX) BitcoinX} you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congratulations! You have successfully purchased and stored BitcoinX (BCX) in Azerbaijan.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the {BitcoinX (BCX)|(BCX) BitcoinX} is stored inside your wallet, you are finished.

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