How to Buy LiteBitcoin (LBTC) in Azerbaijan

A Step-by-Step-Guide on how to buy LiteBitcoin (LBTC) in Azerbaijan

Step 1 – Join Coinbase – Get Free $10

You will first need to purchase one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting your first 10$.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. LiteBitcoin (LBTC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin}

Once your deposit has been affirmed, you will now have access to your funds and you can begin purchasing and trading. To buy {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin} on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to locate {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin}, you will need to put the short name of the asset (LBTC) into the search-box, which is marked in the graphic. Be certain of having selected the correct pairing, we have marked this also. Click on “LBTC/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} LiteBitcoin (LBTC)
Step 4 – Buying {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin}

Once you've spotted {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin}, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin} was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of LBTC you like to purchase. The ”Total” field is the whole price in BTC that you'll pay for the complete amount of LBTC.

If you are happy, make a mouse click on “Buy LBTC”. Your order will be filled when a Seller sells their LBTC for the price you submitted.

Step 5 – Withdraw {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin}

Unless you are frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin}, go to the tab called “Funds” and mouse click on “Withdraw”. {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin} by using the given drop-down box. Enter the volumen of {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin} you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you are happy, click “Submit”. You could be requested for verfication via email/phone before a take off.

Congratulations! You have successfully bought and stored LiteBitcoin (LBTC) in Azerbaijan.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the {LiteBitcoin (LBTC)|(LBTC) LiteBitcoin} is stored inside your wallet, you're all done.

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