How to get Litecoin (LTC) on Coinbase ?
You want to use Coinbase to receive litecoins, but you don’t know how to do it ? No problem, we will show you how to proceed step by step.
Your registration on Coinbase
Before you can receive Litecoin on Coinbase, you must create an account on this platform. However, no need to worry, since it is really very simple. You simply have to follow different steps. The first of them is to provide several pieces of personal information such as your name, your first name and your email address. You also need to create a password. However, in order to limit the risk of piracy, we advise you to choose a password that is fairly complex. Once this is done, you will receive an e-mail containing a link that will allow you to validate your account.
Once your account is validated, you must indicate whether you are registering as an individual or as a company. You will then need to give your mobile phone number to receive a code by SMS. You will then need to enter this code on Coinbase. However, we also recommend that you link your mobile phone and your account Coinbase. Thus, you’ll enjoy a second level of protection since you will then receive an SMS on every transaction.
The verification of your identity
However, even though you have validated your account, you can’t enjoy it fully. In fact, before that, your identity needs to be verified. But once again, it is very simple. You must simply provide proof of identity in progress of validity. For this, you just need to take a picture by holding your document in the hands. You can use your identity card, your passport or your driving licence, and you can take photo with your webcam or your mobile phone. However, if you prefer to do it in a more traditional manner, you can send your documents by posting them directly on Coinbase.
Create your address and receive Litecoin
However, to be able to receive the Litecoin using Coinbase, it will be necessary to create a new email address. It is this address that will allow you to receive and store your Litecoin. To do this, you simply go to your profile and click on ” Generate new address “. You will then need to pass it on to the person who should send you the Litecoin. It was absolutely necessary to validate the sending litecoins. However, you need to handle this address with lot of precautions. You do not have to in effect make no mistake in this address, as, if this is the case, the litecoins sent to you will be simply lost. Therefore, we advise you not to manipulate this address by using the copy and paste. Once the transaction is accepted and validated, the litecoins are transferred to your account Coinbase.
What you must remember
- To get Litecoin on Coinbase, you must first register on the platform.
- However, you will not be able to fully use your account before you have proven your identity.
- To receive Litecoin, you need to start by creating a new address to pass on to the issuer. It will be essential to validate the shipment.