How to Buy Monero (XMR) in Azerbaijan

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get your welcome Ethereum or Bitcoin.

Step 2 – Send Your Funds to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find (XMR) Monero

Once your deposit has been affirmed, you will immediately have access to your assets and you can launch invest and trading. To invest in (XMR) Monero on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To spot (XMR) Monero, you'll need to put the shortname of the coin (XMR) into the search box, which is marked in the graphic. Make sure you have selected the proper grouping, we've highlighted this too. Click on “XMR/BTC” to go on.

Step 4 – Acquisition of Monero (XMR)

After you've located Monero (XMR), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're making our own Limit Order.

The “Price” field will be filled with the most up-to-date tariff Monero (XMR) was sold for. This can be changed to your desired rate. The “Amount” field is the quantity of XMR you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of XMR.

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

Step 5 – Withdraw (XMR) Monero

Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time frame. In order to take off your (XMR) Monero, go to the “Funds” tab and mouse click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the given drop-down box. Enter the volumen of Monero (XMR) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you're happy, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.

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

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (XMR) Monero is stored within your wallet, you're finished.
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