How to Buy DAOstack (GEN) in Azerbaijan

A Step-by-Step-Guide on how to buy DAOstack (GEN) in Azerbaijan

Step 1 – Signup to Coinbase – Get Free $10

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

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. DAOstack (GEN) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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

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

Step 3 – Locate {DAOstack (GEN)|(GEN) DAOstack}

As soon as your deposit has been verified, you will immediately have access to your funds and you can commence purchasing and trading. To invest in {DAOstack (GEN)|(GEN) DAOstack} on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To spot {DAOstack (GEN)|(GEN) DAOstack}, you will need to put the shortname of the coin (GEN) into the search box, which is marked in the picture. Be certain of having choosen the right pairing, we've marked this too. Click on “GEN/BTC” to continue.

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

As soon as you've discovered {DAOstack (GEN)|(GEN) DAOstack}, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our Limit Order.

The ”Price” field will be filled automatically with the most latest tariff {DAOstack (GEN)|(GEN) DAOstack} was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of GEN you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete amount of GEN.

If you are satisfied, make a mouse click on “Buy GEN”. Your order will be filled when a Vendor sells their GEN for the price you introduced.

Step 5 – Withdraw {DAOstack (GEN)|(GEN) DAOstack}

Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended period of time. To withdraw your {DAOstack (GEN)|(GEN) DAOstack}, hover over the tab called “Funds” and mouse click on “Withdraw”. {DAOstack (GEN)|(GEN) DAOstack} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {DAOstack (GEN)|(GEN) DAOstack} by using the given drop-down box. Put into the quantity of {DAOstack (GEN)|(GEN) DAOstack} you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

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

Kudos! You have successfully purchased and stored DAOstack (GEN) in Azerbaijan.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the {DAOstack (GEN)|(GEN) DAOstack} is safe in your wallet, you're done.

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