How to Buy Monero (XMR) in Azerbaijan

A Step-by-Step-Guide on how to buy Monero (XMR) in Azerbaijan

Step 1 – Join Coinbase and get 10$ for free

You will first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and getting your welcome 10 Dollar.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find {Monero (XMR)|(XMR) Monero}

As soon as your deposit has been approved, you'll instantly have access to your funds and you can begin invest and trading. To buy {Monero (XMR)|(XMR) Monero} on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to spot {Monero (XMR)|(XMR) Monero}, you'll need to insert the shortname of the coin (XMR) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we have highlighted this too. Click on “XMR/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Monero (XMR)
Step 4 – Buy {Monero (XMR)|(XMR) Monero}

As soon as you've found {Monero (XMR)|(XMR) Monero}, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our Limit Order.

The ”Price” field will be filled automatically with the latest tariff {Monero (XMR)|(XMR) Monero} was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of XMR you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete volumen of XMR.

If you are glad, click on “Buy XMR”. Your order will be filled when a Seller trades their XMR for the price you submitted.

Step 5 – Withdraw {Monero (XMR)|(XMR) Monero}

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an longer time period. In order to take off your {Monero (XMR)|(XMR) Monero}, hover over the tab called “Funds” and click on “Withdraw”. {Monero (XMR)|(XMR) Monero} can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Monero (XMR)|(XMR) Monero} by using the provided drop-down box. Enter the quantity of {Monero (XMR)|(XMR) Monero} you'd like to take off. 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 requested for email/phone verification before a take off.

Congrats! You have successfully purchased and safed Monero (XMR) in Azerbaijan.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the {Monero (XMR)|(XMR) Monero} is safe within your wallet, you're all done.

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