How To Buy Bitcoin in Azerbaijan?
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Easiest and cheapest ways to buy crypto in Azerbaijan
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Azerbaijan is a bit harder than in some other countries so we have compiled a list of exchanges where Azerbaijan citizens can buy bitcoin.

eToro





eToro is a social trading platform for cryptocurrencies, commodities, CFDs, currencies, indexes, and stocks. It started back in 2008 and entered the crypto market in 2013.
More info +
Deposit fees:
Free Withdrawal fees:
$5 Trading fees:
0.75 % β 4.9 % spread depending on the cryptocurrency Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.) Supported fiat:
USD, EUR, GBP, and 20+ more
Β Competitive trading fees
Β Various exciting features such as demo account
Β User-friendly interfaces
It has been active on the crypto market for a very long time
$5 withdrawal fee
Lack of stocks and other investment options

Kraken





Kraken is one of the largest cryptocurrency exchanges. It has been around for a very long time since it was launched back in 2011. In fact, Kraken is a part of crypto exchanges βbig threeβ alongside Binance and Coinbase. It has millions of users around the world with strategic investors and the international market behind it.
More info +
Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free) Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β Japan onlyCAD EFT Withdrawal ($10 CAD) Trading fees:
Maker: 0.16% Taker: 0.28% Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko Supported fiat:
USD, EUR, GBP, JPY, CAD
Β Advanced trading and staking features
Β It has been active on the crypto market for a very long time
Β It has a good reputation
Advanced trading and staking services
Fees are fairly high
No derivates or futures trading

Binance





Over 30 million users worldwide and more than $15 billion in daily trading volume make Binance the worldβs largest centralized cryptocurrencies exchange. Originally from Hong Kong and now from the small European island of Malta, this exchange was founded in July 2017, and it quickly became the most used exchange on the market. Binance is supported in 60+ countries (excluding the U.S).
More info +
Deposit fees:
Free Withdrawal fees:
Vary from crypto to crypto Trading fees:
0.1% Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
Β Low fees
Β High liquidity
Β Lite and Pro version
350+ cryptos and 20+ fiat currencies
Not accessible to U.S. users
Hacked in 2019
Best Bitcoin Wallets in Azerbaijan
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Wisconsin?
- How To Buy Bitcoin in Wyoming?
- How To Buy Bitcoin in The Dominican Republic?
- How To Buy Bitcoin in Ghana?

Deposit fees:
0 β 6 % Withdrawal fees:
1% ($15 Minimum) Trading fees:
0.20% for a single trade and 0.40% for double trade Payment Methods:
Interac E-transfer, Bank draft, SEPA, Wire transfer, Credit card, Debit card, Simplex, and Crypto assets Supported fiat:
CAD
Β Low Trading Fees
Β 24/7 Customer support
Β Easy-to-use
Regulated platform
Doesnβt support many cryptos
Fiat can be funded only in CAD

Bitstamp





Bitstamp was launched back in 2011 by two Slovenians β Damijan Merlak and Nejc KodriΔ. It is considered one of the oldest crypto exchanges in the world. Bitstamp moved from Slovenia to the UK in 2013 and then in 2016, it moved to Luxemburg where it is based today.
More info +
The main services of the platform are buying and selling cryptocurrencies, spot trading, and staking. However, keep in mind that Bitstamp does not support some of the advanced trading services such as margin or future trading.
Deposit fees:
0 β 5 % Withdrawal fees:
Sepa β 3 EUR, ACH β Free, Credit cards β 5%, International wire β 0.1%, and crypto β depends on the asset (0.0005 BTC) Trading fees:
0 β 0.5 % Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire. Supported fiat:
USD, EUR, GBP
Β Competitive fees
Β Security and safety on a high level
Β The longevity on the crypto market
Suitable for all types of traders (beginners and experienced ones)
The number of coins could be higher (50)
The number of coins available for staking could be higher (2)
No advanced trading services such as staking or margin trading

Paybis





Paybis is a cryptocurrency exchange that offers a safe, secure, stable, and easy to use platform to its users from when it was founded back in 2014.
More info +
Deposit fees:
Free Withdrawal fees:
Free Trading fees:
0.99 β 2.49 % Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller. Supported fiat:
USD, EUR, GBP, and 40+ more
Β Super easy to use
Β Excellent customer support
Β A great resource for crypto education
Transparent fees and fast transactions
A limited number of supported crypto assets
A bit higher trading fees

Paxful





Paxful is βthe Uber of the Bitcoinβ. It is a crypto exchange based in the US that has over 200 employees. Paxful was launched back in 2015 so it has been around for quite some time now. The founders of Paxful are Artur Schaback and Ray Youssef.
More info +
Deposit fees:
Free Withdrawal fees:
0.5% β 5% Trading fees:
No buyer fee, seller fee varies from 0.5% to 5% Payment Methods:
Over 350 payment methods are available Supported fiat:
USD, EUR, GBP, CAD, AUD, and many more
Β An incredible number of payment methods
Β Easy-to-use platform
Available in more than 180 countries
Security is on a high level
No trading features
It is not regulated
Frequently asked questions about buying Bitcoin in Azerbaijan

You can buy Bitcoin in Azerbaijan on any of the exchanges mentioned n this article.

Virtual currencies are not, and are very unlikely to become, legal tender in Azerbaijan. In fact, recognizing them as such would most likely require amendments to the Constitution to be adopted in a nationwide referendum.

You can buy Bitcoin in Azerbaijan on any of the exchanges mentioned n this article.

No, there are no Bitcoin ATMs in Azerbaijan.
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