How to Buy SOMIDAX (SMDX) in Azerbaijan

A Step-by-Step-Guide on how to buy SOMIDAX (SMDX) in Azerbaijan

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get your welcome 10 Dollar.

Binance Signup
Step 2 – Transfer Your Funds to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. SOMIDAX (SMDX) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find {SOMIDAX (SMDX)|(SMDX) SOMIDAX}

As soon as your deposit has been verified, you will now have access to your finances and you can begin purchasing and trading. To purchase {SOMIDAX (SMDX)|(SMDX) SOMIDAX} on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to discover {SOMIDAX (SMDX)|(SMDX) SOMIDAX}, you will need to put the short name of the asset (SMDX) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we've marked this too. Click on “SMDX/BTC” to advance.

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

After you've found {SOMIDAX (SMDX)|(SMDX) SOMIDAX}, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order.

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

If you're satisfied, click on “Buy SMDX”. Your order will be filled when a Vendor trades their SMDX for the price you offered.

Step 5 – Withdraw {SOMIDAX (SMDX)|(SMDX) SOMIDAX}

Unless you are trading, you should never keepyour crypto coins on an Exchange for an extended time frame. In order to withdraw your {SOMIDAX (SMDX)|(SMDX) SOMIDAX}, hover over the tab called “Funds” and click on “Withdraw”. {SOMIDAX (SMDX)|(SMDX) SOMIDAX} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {SOMIDAX (SMDX)|(SMDX) SOMIDAX} by using the provided drop-down box. Drop in the quantity of {SOMIDAX (SMDX)|(SMDX) SOMIDAX} you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

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

Congratulations! You've successfully bought and stored SOMIDAX (SMDX) in Azerbaijan.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the {SOMIDAX (SMDX)|(SMDX) SOMIDAX} is safe within your wallet, you're all done.

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