B2BX is an exchange where different cryptocurrencies are offered. This platform provides clear instructions in processing transactions from setting up an account to buying your first Litecoin.
The steps below will help you start trading Litecoin on B2BX.
To start, open the B2BX site. Once the website is opened, click on “Register” and select on “Open Account” to create an account.
Enter your email address and password, then click on “Continue”.
Check your email and enter the code sent to you. Click on “Confirm” to continue.
The page will display a note that you have confirmed and created your B2BX account.
What is 2FA?
Two-factor authentication, also known as 2FA, is an extra layer of security or added protection which we refer to as multi-factor authentication. Not only the username and password are required but also a piece of information that only a user possesses. This process is to confirm a user’s claimed identity.
The 2FA process helps lessen the number of identity theft cases and as well as phishing via email. It would be harder for potential intruders to gain access and steal someone’s identity and personal data without that piece of information that only the account owner knows.
In the case of exchanges, what the user has are his/her login details such as the username and password. The form of 2FA that a user possesses for this instance is a token or code. The code can be received either through SMS on a user’s mobile phone or via applications like Google Authenticator or Authy.
To activate 2FA on B2BX, click on the “man” icon and enable “Google Authenticator”.
Scan the barcode and enter the code generated. Click on “Send.”
You will then see that “Google Authenticator” has been enabled.
It’s time to add money to your newly created and verified B2BX account. You can deposit currencies like Litecoin.
For Litecoin deposit, click on “Account” and type in your desired Litecoin. You can also manually scan the currency list, then click on “Deposit.”
You will be given a wallet address. This is the address that you need to use in processing your Litecoin deposit. You have the option to scan the QR code to generate a new one. Make sure that the correct address is used in processing your transaction to avoid losing your funds.
You can view all of your transactions if you click on “History”.
You can now start trading using the funds that you have deposited on your B2BX account.
Go to “Trade.”
Go to the “Buy” section and enter your preferred currency and amount.
You will see your transactions at the lower left side of the page.
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