How to Buy DeFi Bids (BID) in Azerbaijan

A Step-by-Step-Guide on how to buy DeFi Bids (BID) in Azerbaijan

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

In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and getting your welcome 10 Dollar.

Binance Signup
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. DeFi Bids (BID) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find {DeFi Bids (BID)|(BID) DeFi Bids}

As soon as your deposit has been confirmed, you'll now have access to your finances and you can commence buying and trading. To invest in {DeFi Bids (BID)|(BID) DeFi Bids} on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot {DeFi Bids (BID)|(BID) DeFi Bids}, you'll need to put the shortname of the coin (BID) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we have marked this too. Click on “BID/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} DeFi Bids (BID)
Step 4 – Purchase {DeFi Bids (BID)|(BID) DeFi Bids}

After you have located {DeFi Bids (BID)|(BID) DeFi Bids}, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent rate {DeFi Bids (BID)|(BID) DeFi Bids} was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of BID you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole amount of BID.

When you are satisfied, make a mouse click on “Buy BID”. Your order will be filled when a Seller trades their BID for the price you introduced.

Step 5 – Withdraw {DeFi Bids (BID)|(BID) DeFi Bids}

Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time frame. To take off your {DeFi Bids (BID)|(BID) DeFi Bids}, go to the ”Funds” tab and mouse click on “Withdraw”. {DeFi Bids (BID)|(BID) DeFi Bids} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {DeFi Bids (BID)|(BID) DeFi Bids} by using the given drop-down box. Put into the volumen of {DeFi Bids (BID)|(BID) DeFi Bids} you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

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

Kudos! You've successfully purchased and safed DeFi Bids (BID) in Azerbaijan.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the {DeFi Bids (BID)|(BID) DeFi Bids} is stored within your wallet, you are finished.

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