Idax is a cryptocurrency exchange based in Mongolia but oriented towards the Chinese market, as its website is available mainly in Chinese.
Below are guided steps on how to buy Litecoin on Idax:
Go to https://www.idax.mn/ and click on “Register.”
Fill out the form then click “Register” once done.
After successfully creating an account, you will be asked to set up a 2FA or Two-factor Authentication on your account to step up your protection.
You can choose between Google Authentication or SMS Authentication.
In this example, we are going to use SMS Authentication, which is easier and faster.
Enter your country code and your phone number. Click on “Get Code” to get your 6-digit verification code. After, enter it in the “SMS Authentication code” box, and click “Save.”
To start depositing and withdrawing funds on your account, you need to verify your account first.
Go to the “ID Verification” tab and select which country are you from.
Enter all the necessary information needed and submit all the requirements required. Once done, click on “Submit.”
Go to “Assets” and select “Deposit.”
Select the currency you wish to deposit to and hit “Click to load” to get the deposit address of the currency you selected.
Copy the deposit address and paste it into your wallet. Please remember always check everything before proceeding, for completed transactions cannot be undone.
Finally, you can now start trading on your account. To do this, select “Assets.”
Next, click on “Assets” and select the currency you wish to trade with.
On the “Buy” box, enter the amount you want then click on “buy.”
Scroll to the bottom of the same page to check all the transactions you have made.
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