How to sell Litecoin (LTC) on Coinbase ?

How to sell Litecoin (LTC) on Coinbase ?

You want to sell Litecoin using Coinbase, but you do not know how to work this platform. No worries as we will guide you step-by-step to achieve it.

Your registration on Coinbase

Before you sell Litecoin using Coinbase, you will need to create an account on this platform. However, do not worry because this is not really difficult. You simply follow the steps. The first of them is fill out a form with your name, your first name and your email address you are requested. You will also need to create a password. However, in order to limit the risks of piracy, we recommend that you use a complex password. Once you have finished, you will receive an e-mail containing a link that will allow you to validate your registration.

As soon as you have validated your account, you must indicate whether you are registering as an individual or as a company. You will then need to enter your mobile phone number before note on Coinbase the code that you received via SMS. Moreover, to enjoy even more security, we recommend that you link your account to Coinbase and your mobile phone number. Thus, you will receive an SMS on every transaction.

The verification of your identity

However, you will not be able to enjoy totally of your account Coinbase before your identity is verified. But, again, this is really not difficult. It is actually enough to provide a document to prove your identity. This can be an identity card, a passport or a driving licence. For transmit, it is necessary for you to take a picture while you hold your document in hand and you can do it using your webcam or mobile phone. However, if you prefer to proceed in a more traditional manner, you can also simply send. For this, it should upload your file directly on the platform Coinbase.

Sell Litecoin using Coinbase

Before you can sell Litecoin with Coinbase, it is obviously necessary that you have on your account. For you to purchase, there are several solutions. You can be the miner, or buy directly on Coinbase, or transfer them from an online wallet or another platform. Once the Litecoin you want to sell is on your account, you must go to the tab “Sell” and indicate the number of litecoins you wish to sell and the price at which you want to do it. You then need to select the portfolio on which the Litecoin that you want to transfer and the account on which you want the money to be transferred. You then simply find an offer that suits you, and confirm the transaction. Once this operation is accepted and approved, your Litecoin will be transferred to the account of the buyer, and the money from the sale is transferred to yours.

 

What you must remember

  • Before you can sell Litecoin on Coinbase, you need to register and validate your account
  • You must then send a proof of address valid in order to prove your identity.
  • Finally, you need to create a sales order by accessing the dedicated tab and setting the number of litecoins you wish to sell and the value to which you want to sell.