How to Buy PETROLEUM (OIL) in Azerbaijan

A Step-by-Step-Guide on how to buy PETROLEUM (OIL) in Azerbaijan

Step 1 – Join Coinbase – Get Free $10

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting your first 10$.

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. PETROLEUM (OIL) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate {PETROLEUM (OIL)|(OIL) PETROLEUM}

Once your deposit has been verified, you will directly have access to your assets and you can launch buying and trading. To purchase {PETROLEUM (OIL)|(OIL) PETROLEUM} on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate {PETROLEUM (OIL)|(OIL) PETROLEUM}, you will need to insert the cointype (OIL) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “OIL/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} PETROLEUM (OIL)
Step 4 – Purchasing {PETROLEUM (OIL)|(OIL) PETROLEUM}

Once you have located {PETROLEUM (OIL)|(OIL) PETROLEUM}, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation {PETROLEUM (OIL)|(OIL) PETROLEUM} was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of OIL you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of OIL.

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

Step 5 – Withdraw {PETROLEUM (OIL)|(OIL) PETROLEUM}

Unless you're trading, best advise is not to keep crypto on an Crypto Trader for an extensive time period. In order to take off your {PETROLEUM (OIL)|(OIL) PETROLEUM}, hover over the ”Funds” tab and mouse click on “Withdraw”. {PETROLEUM (OIL)|(OIL) PETROLEUM} can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {PETROLEUM (OIL)|(OIL) PETROLEUM} by using the given drop-down box. Put into the quantity of {PETROLEUM (OIL)|(OIL) PETROLEUM} you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.

Kudos! You have successfully purchased and stored PETROLEUM (OIL) in Azerbaijan.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the {PETROLEUM (OIL)|(OIL) PETROLEUM} is stored in your wallet, you are all done.

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