How to Buy Elicoin (ELI) in Azerbaijan

A Step-by-Step-Guide on how to buy Elicoin (ELI) in Azerbaijan

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

You'll first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting your welcome $10.

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum 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 identical. Elicoin (ELI) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find {Elicoin (ELI)|(ELI) Elicoin}

Once your deposit has been approved, you'll instantly have access to your assets and you can launch buying and trading. To invest in {Elicoin (ELI)|(ELI) Elicoin} on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate {Elicoin (ELI)|(ELI) Elicoin}, you'll need to put the short name of the asset (ELI) into the search-box, which is marked in the picture. Be certain of having selected the right pairing, we've marked this also. Click on “ELI/BTC” to go on.

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

Once you've located {Elicoin (ELI)|(ELI) Elicoin}, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the latest valuation {Elicoin (ELI)|(ELI) Elicoin} was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of ELI you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of ELI.

If you are satisfied, make a mouse click on “Buy ELI”. Your plan will be filled as soon as a Vendor sells their ELI for the price you gave.

Step 5 – Withdraw {Elicoin (ELI)|(ELI) Elicoin}

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. To take off your {Elicoin (ELI)|(ELI) Elicoin}, hover over the ”Funds” tab and click on “Withdraw”. {Elicoin (ELI)|(ELI) Elicoin} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Elicoin (ELI)|(ELI) Elicoin} by using the provided drop-down box. Enter the amount of {Elicoin (ELI)|(ELI) Elicoin} you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Congrats! You have successfully bought and stored Elicoin (ELI) in Azerbaijan.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the {Elicoin (ELI)|(ELI) Elicoin} is safe within your wallet, you are all done.

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