How to Buy DeFiChain (DFI) in Azerbaijan

A Step-by-Step-Guide on how to buy DeFiChain (DFI) in Azerbaijan

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and to get your first 10$.

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. DeFiChain (DFI) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate {DeFiChain (DFI)|(DFI) DeFiChain}

Once your deposit has been verified, you'll now have access to your assets and you can initiate purchasing and trading. To buy {DeFiChain (DFI)|(DFI) DeFiChain} on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To find {DeFiChain (DFI)|(DFI) DeFiChain}, you'll need to put the shortname of the coin (DFI) into the search box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've highlighted this too. Click on “DFI/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} DeFiChain (DFI)
Step 4 – Acquisition of {DeFiChain (DFI)|(DFI) DeFiChain}

Once you have found {DeFiChain (DFI)|(DFI) DeFiChain}, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The ”Price” field will be filled automatically with the recent rate {DeFiChain (DFI)|(DFI) DeFiChain} was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of DFI you wish to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole amount of DFI.

If you are happy, click on “Buy DFI”. Your order will be filled as soon as a Vender trades their DFI for the price you introduced.

Step 5 – Withdraw {DeFiChain (DFI)|(DFI) DeFiChain}

Unless you're trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your {DeFiChain (DFI)|(DFI) DeFiChain}, go to the tab called “Funds” and click on “Withdraw”. {DeFiChain (DFI)|(DFI) DeFiChain} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {DeFiChain (DFI)|(DFI) DeFiChain} by using the given drop-down box. Put into the quantity of {DeFiChain (DFI)|(DFI) DeFiChain} you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

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

Congrats! You have successfully bought and stored DeFiChain (DFI) in Azerbaijan.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using or and the {DeFiChain (DFI)|(DFI) DeFiChain} is stored within your wallet, you're all done.

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