How to buy litecoin (LTC) on Binance ?
You have chosen Binance to buy litecoins but you don’t know how it works. So here is our step by step guide to do it. However, please note that you need a portfolio online since you will not be able to buy your litecoins using other crypto-currencies.
Your registration on Binance
To buy litecoins on Binance, you first have to create an account. However, no worry, it really isn’t that complicated. The first thing you need to do is choose the language in which you want the platform to be displayed. You must then enter your email address and set a password. However, we recommend that you choose a complex password, which will allow you to enjoy greater security. You can also use Google Authentificator for the benefit of a second level of protection. Even if it is optional, we strongly advise you to do so.
The verification of your identity
Even if your account is validated, you can’t still enjoy a maximum of Binance. Indeed, in order to do so, you must first prove your identity. So you have to start by indicating if you are a resident or not in China. Then, you must provide several personal information, including your name, your first name, your gender and the country in which you reside. You must also provide the number of your identification and provide a photocopy of the latter. Finally, you need to take a picture while you’re in possession of your id and a paper on which is inscribed the date of the day.
Make a deposit on Binance
Since you will not be able to make deposits by using the crypto-currency, you must have an online portfolio. So, to make a deposit on Binance, you must select the amount and the type of crypto-currency you want to deposit into your account. Then, the address of the online wallet where the crypto-currencies that you want to use is asked. Once you have validated this address, the crypto-currency will be transferred from your online wallet to your account on Binance.
Buy litecoins on Binance
Once you have received your crypto-currency on your account Binance, it does not remain you more that to use them to buy litecoins. Once again, there is nothing very complicated. You will need to click on the Exchange tab you will find at the top of the screen. You then need to choose the crypto-currency that you want to buy. In this case, it will be litecoin. Before you complete the transaction, you can view more information, including the number of litecoins that you are going to receive. Once you have made your choice, you have to select the offer that suits you before you commit.
What you must remember
- Binance is a platform on which you can use crypto-currencies to buy more. However, it is not possible to make real money deposit.
- To use Binance, you must have an online portfolio.
- The first thing you have to do before you buy litecoin on Binance is to create an account.
- However, your identity must be verified before you can take advantage completely of your account.
- Once you have made your deposit, you can use the crypto-currency that you have deposited to buy litecoin.