How to Buy Binance Coin (BNB) in Azerbaijan

A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Azerbaijan

Step 1 – Join Kraken

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

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find Binance Coin (BNB)

As soon as your deposit has been affirmed, you'll now have access to your finances and you can start invest and trading. To buy (BNB) Binance Coin on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To discover (BNB) Binance Coin, you will need to put the cointype (BNB) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we've marked this also. Click on “BNB/BTC” to progress.

Step 4 – Acquisition of Binance Coin (BNB)

As soon as you have found Binance Coin (BNB), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest tariff (BNB) Binance Coin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of BNB you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole volumen of BNB.

If you are happy, click on “Buy BNB”. Your order will be filled as soon as a Seller trades their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're trading, best advise is not to keep your crypto on an Exchange for an extended period of time. In order to take off your Binance Coin (BNB), go to the tab called “Funds” and click on “Withdraw”. Binance Coin (BNB) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BNB) Binance Coin by using the provided drop-down box. Put into the quantity of (BNB) Binance Coin you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Congrats! You have successfully bought and stored Binance Coin (BNB) in Azerbaijan.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is stored in your wallet, you are done.