How to get Litecoin (LTC) on BitBay ?

How to get Litecoin (LTC) on BitBay ?

You want to use BitBay to receive Litecoin, but you don’t know how to work this platform. No problem, we will help you by guiding you step-by-step.

Your registration on BitBay

Before receiving a Litecoin on BitBay, you must first create an account on this platform. However, there is no problem, since this is really not difficult. You just need to follow different steps. You will first need to enter your email address and create a user name, a pin code and a password. However, we recommend that you choose a complex password. In effect, this ensures that you will greater protection against piracy. Once this is done, you will receive an e-mail containing a link that will allow you to validate your registration. In addition, you can enjoy a second level of security. For this, you can use Google Authenticator. If c’ is totally optional, we can only advise you to do so. This will allow you actually to provide a protection more efficient with your valuable crypto-currency.

The verification of your identity

But you can’t even take advantage of your account BitBay optimally. In effect, your identity needs to be verified. To do this, you must first fill out a questionnaire indicating your first name, your name, your address and your date of birth. You will then need to send a photocopy of both sides of your identity card. This can be an identity card, a passport or a driving licence. Finally, you will have to send a proof of address dating from less than 6 months.

Create your receiving address and receive Litecoin on BitBay

However, to receive the Litecoin on BitBay, you must first create a receiving address on this platform. For this purpose, go to your profile and click on ” Generate New Address “. This address will then be forwarded to the person who needs to sees send Litecoin. It will be essential to ensure that the shipment can be made. However, you need to be careful not to make mistake on this address. Sending litecoins is indeed irreversible, so that if an incorrect address is used in the Litecoin will be simply lost. Therefore, we advise you, as well as to the sender of Litecoin, use this address using the function copy-and-paste. Once the transaction is accepted and completed, you will receive your Litecoin into your account BitBay.

What you must remember

  • To be able to receive the Litecoin on BitBay, you must first create an account on the platform.
  • It is then necessary that you turn on several levels of audit to take advantage of BitBay without any restriction.
  • You will need to generate an address which he will need to provide to the sender of the shipment. He will use it to send you the Litecoin.
  • However, you will need to ensure that the address used is accurate, and under penalty of permanent loss of your Litecoin. We recommend that you use the function copy and paste to use this address.