How to Buy Obyte (GBYTE) in Azerbaijan

A Step-by-Step-Guide on how to buy Obyte (GBYTE) in Azerbaijan

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

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

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

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Obyte (GBYTE) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you've selected the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find {Obyte (GBYTE)|(GBYTE) Obyte}

Once your deposit has been verified, you'll instantly have access to your funds and you can begin buying and trading. To purchase {Obyte (GBYTE)|(GBYTE) Obyte} on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To find {Obyte (GBYTE)|(GBYTE) Obyte}, you'll need to put the short name of the asset (GBYTE) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've highlighted this also. Click on “GBYTE/BTC” to go ahead.

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

After you've spotted {Obyte (GBYTE)|(GBYTE) Obyte}, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our Limit Order.

The ”Price” field will be filled with the most up-to-date price {Obyte (GBYTE)|(GBYTE) Obyte} was traded for. This can be changed to your desired price. The ”Amount” field is the volumen of GBYTE you wish to buy. The ”Total” field is the aggregated price in BTC that you will pay for the whole volumen of GBYTE.

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

Step 5 – Withdraw {Obyte (GBYTE)|(GBYTE) Obyte}

Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. In order to take off your {Obyte (GBYTE)|(GBYTE) Obyte}, hover over the tab called “Funds” and click on “Withdraw”. {Obyte (GBYTE)|(GBYTE) Obyte} can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Obyte (GBYTE)|(GBYTE) Obyte} by using the provided drop-down box. Drop in the volumen of {Obyte (GBYTE)|(GBYTE) Obyte} you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a take off.

Congratulations! You have successfully purchased and safed Obyte (GBYTE) in Azerbaijan.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the {Obyte (GBYTE)|(GBYTE) Obyte} is stored inside your wallet, you are all done.

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