How to sell Litecoin (LTC) on Binance ?
You want to sell Litecoin using Binance, but you don’t know how to work this platform. No worry as we will tell you how to follow step-by-step.
Your registration on Binance
Before even being able to sell Litecoin on Binance, you must create an account on this platform. However, no need to worry, it really isn’t that difficult. You simply follow the steps indicated. The first of them is to define the language in which you want to use the portal. You will then need to enter your email address and choose your password. However, to minimize the risk of piracy, we recommend that you choose a complex password. Once this is done, you can add a second level of protection using Google Authenticator. Even if it is optional, it is still strongly advised to do so.
The verification of your identity
However, once you have validated your account, you still can’t take advantage of Binance optimally. You must first prove your identity. But, again, this is not really complicated since you’ll just need to follow different steps. After you have indicated whether or not you are chinese resident, you will need to provide several pieces of personal information, that is to say your first name, last name, your gender and the country in which you reside. Then, enter the number of your identification and provide a photocopy. Once this is done, it only remains for you that to take your photo while you hold in your hands your id and a paper showing the date.
Sell Litecoin using Binance
However, before you can sell Litecoin on Binance, you must already have them on your account. For you to purchase, you can proceed in several ways. You can, in effect, a miner, buy it using other crypto-currencies or the transfer from an online wallet or another platform. Once this is done, it will be possible for you to sell your Litecoin.
However, it is important to note that on Binance you can’t sell your Litecoin against other crypto-currencies. To do this, you must go to the tab “Buy/Sell” before you select the dialog box on which “Sell” is shown. Once you have defined the amount of litecoins you wish to sell, as well as the price at which you want to assign, you will need to complete to create a sales order. You can also respond to a purchase request. These applications are listed on this page. As soon as your sale is finalized and validated, the Litecoin will be transferred to the buyer and you will receive your crypto-currency.
What you must remember
- When you use Binance, you can’t sell your litecoins against other crypto-currencies.
- However, before you start to sell, you must first create an account and validate it
- To sell, you can create a sales order or respond to a purchase request.