What is Bitcoin Base? How to purchase Lite Coin in Bitcoin Base? In recent years, with the popularity of cryptocurrency, the number of platforms providing these assets is also increasing. Today, you can buy cryptocurrencies on thousands of platforms. Cryptocurrency is a form of digital currency, but it uses encryption to process, generate currency, and validate transactions. What is the Bitcoin base? Now let's have a look.

What is Bitcoin Base?

Bitcoin Base is a crypto exchange headquartered in the United States, which was launched in 2012. The exchange operates in 33 countries, has more than 12 million customers, and trades more than $40 billion in digital currencies. In 2013, Bitcoin Base became the most funded Bitcoin startup and one of the exchanges with the largest trading volume.

How to purchase Lite Coin in Bitcoin Base?

Bitcoin Base is a trading platform with good reputation, attracting many traders to buy and store their passwords. The interface is designed to cater to novice traders. In today's article, we will only discuss how to use fiat currency to buy Lite Coins.

Step 1: Install the application

Before registering, you must first download the app for your mobile device. Bitcoin base has applications that can be used by both Android and iOS users.

It is reported that the application provides a better user experience than the website, which is obviously much more convenient to use.

Step 2: Register in Bitcoin Base

The registration process requires you to provide your name, email and password details. Then the Bitcoin Base will send you a link, through which you must confirm your email address.

Step 3 Verify your email

Click the link sent to you, verify your email address, and then log in to your account again. Links are usually sent to your inbox immediately, but if you haven't received anything in a few minutes, check your junk mail folder.

Step 4 Location and phone details

As we all know, the Bitcoin base is secure because it performs a strict verification process. Make sure your country and state details are correct. Since most accounts currently require smartphones to access, you should also enable the two factor authentication process for your account.

If you are keen on having good account security, we recommend that you use Google Authenticator. Enter the seven digit personal identification number given to you by Bitcoin Base as your account verification, and then complete the registration process. Sign in with the email address and password you used during the registration process.

Step 5 Select your payment method

Before starting to purchase, sell or send Letcoin, you must first associate your Fiat account with your Bitcoin base account.

In the "Add Payment Method" section, you can choose from three options:

1. Shopping with debit card

2. Shopping through your bank account

3. Wire transfer

Bank purchases may take up to four or five days to verify. But if you want to buy Lite Coin immediately, you can choose to lock the price of Lite Coin. However, you will not own the coin until the verification is complete.

As some providers prohibit the purchase of cryptocurrencies, the option to use credit cards is no longer available. Debit card purchase is still supported, but they will charge different fees depending on your bank provider.

Step 6 Link the bank account

Next, you must link your bank account and verify it. If necessary, please enter your login details again. The process of contacting most banks is almost immediate. If you choose another payment method, the process may be slightly different.

Step 7 Find the Lite Coin in the Cryptocurrency Area

Go to the Available Cryptocurrencies section of the application and select Lite Coin. Click the "Purchase" button.

Step 8: Confirm the purchase

Before placing an order, please carefully check the amount you entered in the field and select the correct payment method. Click the "Confirm Purchase" button.

If you follow the above steps, you should have LTC in your Bitcoin base wallet. You can now use Lite Coin to purchase online products or hold them as investments.

Transaction limits vary by country, and may also vary depending on the payment method used and the authentication status of the account. To view your transaction limit, go to the limit page of your account.

In the United States, the daily password limit for American citizens is $50000, while the maximum limit for authenticated European users is $30000.

summary

The above content introduces what Bitcoin Base is and how to buy Lite Coin in Bitcoin Base. In a word, Bitcoin Base is one of the safest exchanges. Traders can use it to obtain his or her Lite Coin. It has a simple and easy-to-use platform that beginners can understand. However, one disadvantage is that the platform charges high transaction fees because of its services.