RightBTC is an exchange offering both Fiat money and cryptocurrency transactions with a goal of helping investors make more rational allocations of their digital assets. RightBTC uses multiple risk control systems and strictly screens high-value investments. This platform pledges to continually strive to introduce excellent investments to the blockchain community.
The steps below will help you start trading Litecoin on RightBTC.
Let’s start by opening RightBTC’s site. Once the website is opened, click on “Register” to create an account.
Type in your email address and the verification code. By clicking on “Send,” you’ll be instructed to open your email to locate the code. Enter your password, check the agreement box, and click on “Register.”
The verification email should look like this.
After clicking on “Register,” swipe the arrow going to the right. You will then see a message on the screen saying the registration process has been successful.
To tighten the security of your RightBTC account, you need to complete the verification process. After logging in, you will automatically be routed to the “My Center” page where you need to manage your profile, password, and account security.
To complete the Know Your Customer process, locate KYC. It has two stages. Click on “To clarify” to start filling out the forms.
C1 certification is about your personal information. After typing in the required information, click on “Confirm.”
C2 certification requires you to upload photos of your ID. After uploading the photos, click on “Confirm.”
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 RightBTC, locate “Security Settings” under “My Center” and go to “Google Authentication.” Click on “Not yet binded” to activate it.
Scan the QR code and type in the 6-digit code generated from Google Authenticator. Click on “Confirm” to continue.
To deposit funds into your RightBTC account, go to “My Asset.”
You will then be redirected to the Asset Management page. Select “Deposit.” To deposit Litecoin, click on the drop-down arrow to view the available cryptocurrencies. After selecting your Litecoin, you will be provided with an address which you can copy. This is the address that you need to use in processing deposit transactions. An incorrect address may lead to funding loss.
To deposit Fiat money, click on the drop-down arrow to view all available currencies. Just like cryptocurrency deposit, after selecting your currency, you will be provided with a wallet address. Copy and use this address in processing deposit transactions. Always remember to use the correct address to avoid losing funds.
Using the funds you’ve added on RightBTC, you can buy your first Litecoin. To do so, go to “Exchanges.”
Scroll down where it says “Buy Litecoin” and click on it after selecting the currency you wish to transact and typing in your desired amount.
To view open and previous transactions, click on “Open Orders” and “Order History.”
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