OOOBTC is a digital asset exchange offering a variety of cryptocurrencies. This platform has easy-to-follow instructions from setting up an account to buying your first Litecoin.
The steps below will help you start trading Litecoin on OOOBTC.
To start, open the OOOBTC site. Once the website is opened, click on “Sign Up” to create an account.
Type in your email address, password, and the verification code showing right below the boxes. Confirm your agreement with OOOBTC’s terms and conditions, then click on “Create Account.”
The screen will ask you to activate your email.
Check your Inbox and locate the message sent from OOOBTC, then click on the activation link.
You will then be redirected to the “Log in” page where you need to enter the information that you have registered.
It’s time to identify yourself on your newly registered OOOBTC account. After logging in, click on your account name which is your email address. You will be routed to another page where different menus are showing on the left side of the screen. Go to “My Center” and locate “Personal Certification.” Click on “KYC Certification.”
Enter all the information required by the system accurately.
Upload your ID as per instructions, then click on “Submit.”
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 OOOBTC, click on “My Center” and locate “Google Authenticator.” Click on “Verify.”
Scan the QR code to generate a six-digit number where you need to enter as your Google Authenticator Code. Also, type in your login password and click on “Submit.”
To fund Litecoin on your newly registered and secured OOBTC account, go to “Wallets.” This should take you to the “My Wallet” page where you’d get to select your Litecoin from the list. Once you’ve selected your Litecoin, click on “Deposit” in line with it.
The system will generate a deposit address where you need to copy and save. Make sure that you are using this address when processing your deposit transaction to avoid losing money.
Let’s go ahead and buy your first Litecoin on OOBTC using the money that you have funded. Go to “Trading Center.”
Scroll down the page and locate the “Buy” area. Select your Litecoin and type in your desired amount. Click on “Buy Litecoin” to continue.
Recent orders are available under “My Open Orders.”
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