Ultimate guide on how to
buy Litecoin on Bitlish

Step by step overview on how to buy Litecoin on Bitlish

Bitlish is a London-based crypto trading company that started in April 2015. The platform offers a secure and convenient exchange. Its process is also simple and very much easy to follow. Another unique thing about Bitlish is the fact that there’s no maker fee. It means that there’s no charge when making offers on the platform.

Below, you will find the steps you can follow to start trading on Bitlish.

  1. Sign-up an Account on Bitlish
  2. Verify your Phone Number on Bitlish
  3. Verify your Identity on Bitlish
  4. Secure your Bitlish account by setting 2FA
  5. Fund your Bitlish account
  6. Start Trading on Bitlish

1. Sign-up an Account on Bitlish

Click here to open the exchange site.

Once the site is up, tick on the ‘Create account’ or ‘Buy Bitcoins within Five Minutes’ button.how to register on Bitlish

Type in your email address/phone number and password in their respective fields. Put a check mark on the ‘I’m not a robot’ box and hit Create account.

how to register on Bitlish

If you enter your email address, you will have to open your email to confirm.

how to register on Bitlish

In the email, click on the ‘Confirm your contact’ button or copy and paste the URL provided into your browser.

how to register on Bitlish

Click ‘Continue’ to proceed.

how to register on Bitlish

 

2. Verify your Phone Number on Bitlish

Our next step is to verify your phone number. To start, hit on the ‘Login’ button.

how to verify your phone number on Bitlish

Input the email address and password that you used for registration. Check the ‘I’m not a robot’ box and hit Login.

how to verify your phone number on Bitlish

Select your Country Code and type in your Phone Number. Hit Save to continue.

how to verify your phone number on Bitlish

Retrieve the confirmation code that you receive in your phone number. Enter it on the field provided and click Confirm.

how to verify your phone number on Bitlish

You will get this message once this step complete.

Nice work! Your Bitlish account status is now Registered.

 

3. Get Verified on Bitlish

For you to experience Bitlish with its full functionalities, which includes depositing and withdrawing of funds, your account must pass verification.  Trade fee will also be lower compared to those unverified accounts.

To begin, click on the ‘Profile’ icon located in the upper part of the screen.

how to verify your Bitlish account

On your Profile page, click on the ‘Verification’ tab.

how to verify your Bitlish account

On the next slide, read all the required information and make sure to follow the instructions to avoid delays.

how to verify your Bitlish account

Here, you’re required to enter your personal information.

how to verify your Bitlish account

After providing all the needed information, hit on the ‘Apply for verification’ button.

Typically, verification on Bitlish only takes a couple of minutes to an hour. It may take more than that but won’t pass the 24-hour mark. You will also receive an email notification regarding this request.

how to verify your Bitlish account

Perfect! Your Bitlish account has been verified.

 

4. Secure your Bitlish account by setting a 2-Factor Authentication (2FA)

What is 2FA?
Two-factor authentication, also known as 2FA, is an extra layer of security or added protection which we refer 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.

In this step, we will activate 2FA on your Bitlish account through the Authy app. To do this, go to your profile and click on the ‘Edit profile’ button.

Click this if you want to know more about Authy. You can also download the app through the link provided.

how to set 2fa on Bitlish

Under ‘Two-factor authentication method’ do select Authy. Additionally, choose ‘Enabled’ from the drop-down menus of Use two-factor authentication for sign in and Use two-factor authentication for Withdraw. Then click Save.

how to set 2fa on Bitlish

Copy the confirmation code that was delivered to your phone number, enter it on the box provided, and click Confirm.

how to set 2fa on Bitlish

Get the confirmation code from the Authy app that you downloaded to your smartphone and type it in the box below. Hit Confirm to proceed.

how to set 2fa on Bitlish

That’s it! Pretty easy right? Two-factor authentication has been enabled on your Bitlish account.

 

5. Funding your Bitlish account

Now, it is safe to put money into your account. Here, you will deposit with the use of fiat currencies (EUR, USD, RUB).

On the upper right of the page click on the icon beside the flag.

how to fund your Bitlish account

Locate the Balance section and click on ‘Deposit’ under the fiat currency you wish to fund.

how to fund your Bitlish account

Enter the deposit amount, choose your preferred Pay System and then hit Proceed. Read the instructions on the next screen and follow them to complete the process.

Note: Deposits via VISA/MasterCard are credited immediately. Whereas, it may take up to 5 business days for Bank transfers. Also, bank transfers are allowed only for some countries.

how to fund your Bitlish account

Awesome! You have funded your Bitlish account.

 

6. Start Trading Litecoin on Bitlish

Since your Bitlish account already has money in it, you can now buy your first Litecoin!

Click on the icon next to the flag and select the Litecoin you wish you buy.

how to buy Litecoin on Bitlish

Select the account you intend to get the funds from (Arrow A) and the amount you’re willing to spend (Arrow B). The amount of Litecoin that you’ll get will appear which would depend on the amount you enter. You can also do it in vice-versa by changing the selection to Litecoin (Arrow B). When you do this,  the amount you’re going to spend will show up after entering the amount of Litecoin that you want to get. Click the ‘Buy’ button to continue.

how to buy Litecoin on Bitlish

If you are a professional or someone who is no longer new to trading, you may opt to select the ‘For Professionals’ button after hitting the icon beside the flag.

how to buy Litecoin on Bitlish

After getting into the page, select the Litecoin that you want to purchase with the corresponding fiat currency where you deposited your funds. This combination is your Trading Pair.

how to buy Litecoin on Bitlish

Look for the ‘Buy/Sell’ section and under Buy, enter the amount of Litecoin that you plan to attain or the amount that you are willing to spend. Review all the information and if everything is correct hit on Buy.

how to buy Litecoin on Bitlish

Under the ‘Buy/Sell’ section, is where you can view the order you just made (Open orders).

how to view open orders on BitlishCongratulations! You’ve just bought your very first Litecoin on Bitlish.

Transferring Litecoin from Bitlish to other exchanges.

Transferring Litecoin from Bitlish to wallets.

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