How to sell Litecoin (LTC) on BitBay ?
You want to use BitBay to sell Litecoin, but you don’t know how to work this platform. This is not a problem because we will guide you step-by-step.
Your registration on BitBay
Before you can sell Litecoin on BitBay, you must create an account on this platform. However, do not worry since it is very easy. You simply have to follow different steps. The first thing to do is to indicate your address e-mail address and you create a user name, a pin code and a password. However, in order to minimise the risk of piracy, we advise you to generate a complex password. Once that is done, you will receive an email in which you will find the link with which you can validate your account. In addition, you can receive a second level of protection. For this, you need to use Google Authenticator. Even if it is totally optional, we recommend that you take advantage of it. You will offer a better protection to your valuable crypto-currency.
The verification of your identity
The fact that your account is validated you do not, however, make the most of BitBay. Indeed, to be able to make a deposit, your identity needs to be verified. However, it is really very simple as you just have to follow the different steps. The first of these is to fill in a form on which it is necessary to indicate several personal information, including your first name, last name, address and date of birth. Once this is done, you need to send several documents. The first of them is the photocopy of an identity document in course of validity. This can be an identity card, a passport or a driving licence. You will also need to provide a proof of address dating from less than 6 months.
Sell Litecoin on BitBay
Before you can sell Litecoin on BitBay, you must be on the platform. For you to purchase, you can proceed in three different ways. You can, in effect, a miner, buy it directly on BitBay or transfer from one portfolio online, or from another platform. When this is done, you can finally sell your Litecoin. To do this, go to the tab “Sell” and click on the button ” New Order “. You must then re-select the button ” Sell “. You will then need to choose how many litecoins you want to sell and the desired price for the transaction before you commit. Once a buyer has chosen your order of sale and that the transaction will be accepted and validated, the Litecoin will be transferred to the account of the buyer and you will receive the money from the sale.
What you must remember
- To be able to sell Litecoin, the first thing you need to do is create an account and validating it.
- Your identity must be verified so that you can take full advantage of your account BitBay.
- Finally, in order to sell the crypto-currency, you must create a sales order, you can do it in the section ” Sell “.