How to Buy sXMR (SXMR) in Azerbaijan

A Step-by-Step-Guide on how to buy sXMR (SXMR) in Azerbaijan

Step 1 – Signup to Coinbase – Get Free $10

You will first need to purchase one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your first $10.

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. sXMR (SXMR) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate {sXMR (SXMR)|(SXMR) sXMR}

Once your deposit has been affirmed, you'll instantly have access to your finances and you can commence purchasing and trading. To buy {sXMR (SXMR)|(SXMR) sXMR} on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to find {sXMR (SXMR)|(SXMR) sXMR}, you'll need to insert the shortname of the coin (SXMR) into the search box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we have highlighted this also. Click on “SXMR/BTC” to progress.

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

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

The field with the “Price” tag will be filled automatically with the up-to-date rate {sXMR (SXMR)|(SXMR) sXMR} was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of SXMR you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of SXMR.

If you are satisfied, make a mouse click on “Buy SXMR”. Your plan will be filled when a Vender trades their SXMR for the price you introduced.

Step 5 – Withdraw {sXMR (SXMR)|(SXMR) sXMR}

Unless you are trading, never keep your crypto coins on an Crypto Trader for an longer time period. To withdraw your {sXMR (SXMR)|(SXMR) sXMR}, go to the tab called “Funds” and click on “Withdraw”. {sXMR (SXMR)|(SXMR) sXMR} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {sXMR (SXMR)|(SXMR) sXMR} by using the given drop-down box. Enter the quantity of {sXMR (SXMR)|(SXMR) sXMR} you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congrats! You've successfully bought and stored sXMR (SXMR) in Azerbaijan.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the {sXMR (SXMR)|(SXMR) sXMR} is safe in your wallet, you're done.

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