How to Buy GSMcoin (GSM) in Azerbaijan

A Step-by-Step-Guide on how to buy GSMcoin (GSM) in Azerbaijan

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and getting your first 10$.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. GSMcoin (GSM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate {GSMcoin (GSM)|(GSM) GSMcoin}

Once your deposit has been affirmed, you will instantly have access to your funds and you can begin invest and trading. To invest in {GSMcoin (GSM)|(GSM) GSMcoin} on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”.

In order to find {GSMcoin (GSM)|(GSM) GSMcoin}, you will need to insert the short name of the asset (GSM) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we've marked this also. Click on “GSM/BTC” to progress.

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

As soon as you've spotted {GSMcoin (GSM)|(GSM) GSMcoin}, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date valuation {GSMcoin (GSM)|(GSM) GSMcoin} was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of GSM you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of GSM.

When you are satisfied, make a mouse click on “Buy GSM”. Your plan will be filled as soon as a Vendor trades their GSM for the price you submitted.

Step 5 – Withdraw {GSMcoin (GSM)|(GSM) GSMcoin}

Unless you are trading, never keep your coins on an Exchange for an extensive time period. To withdraw your {GSMcoin (GSM)|(GSM) GSMcoin}, go to the ”Funds” tab and mouse click on “Withdraw”. {GSMcoin (GSM)|(GSM) GSMcoin} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {GSMcoin (GSM)|(GSM) GSMcoin} by using the given drop-down box. Enter the amount of {GSMcoin (GSM)|(GSM) GSMcoin} you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congrats! You have successfully bought and safed GSMcoin (GSM) 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 have proved your take off using Etherscan.io or Ethplorer.io and the {GSMcoin (GSM)|(GSM) GSMcoin} is stored inside your wallet, you are done.

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