One of the most popular means used to obtain and exchange cryptocurrencies is an exchange platform. Exchange is a marketplace where securities, commodities, derivatives and other financial instruments are traded. The core function of exchange is to ensure fair and orderly trading and efficient dissemination of price information for any securities trading on that exchange.
You can get LIC by:
- Buy LIC on TocanoTrade exchange.
LIC is one of the first and the best platform via which you can exchange the #1 cryptocurrency, Bitcoin with LIC or exchange LIC with Bitcoin. The TocanoTrade platform is user-friendly, and users can easily swap, deposit, and manage their cryptocurrencies. Read on to find out more on how to go about it.
After signing up on the site TocanoTrade.com, you will be required to confirm ownership of your account – via a simple recognition process so that you can execute future transactions without any hitches. You have nothing to worry about because the verification process is not only fast but will be done on one occasion only.
Then, navigate to a section or tab labeled “KYC” (Know Your Customer) situated in the top menu.
This is where you will be required to snap a picture while you hold your identification document along with a sheet that bears your surname along with your first name, the date you are registering the account as well as a selfie number which is printed above the example image. It looks like a code LIC ####.
Your face has to be visible and readily recognizable. Just follow the guide shown on the example image as it is self-explanatory and helpful.
**Take note that the image format must be in JPG and the size of the photograph must not exceed 1MB.
Key in or input the identifying information and then click on the “Upload” tab and wait until your image uploads successfully for verification which could take some hours.
As soon as you are verified, you are good to go! Let’s take a look at some of the major function on the TocanoTrade platform.
The first item you will come across on the menu is the “Dashboard.” This is where you will see all the details of your account which include your recent deposits. This is where you will also see your unique address with which to send and receive cryptocurrencies such as LIC and Bitcoin. The verification of your email address – for submission procedures – is required as well as the sale and purchase transactions.
The next item you will notice on the menu is “Exchange.” This is where you can sell or buy LIC, though the payment for the purchase is made in Bitcoin. For this reason, it is expected that you make some deposits so that the transaction can succeed.
You will also notice where you can set up your sale or purchase order. All you need to do is to make sure you adjust the number of cryptos in Units as well as the price at which you want to sell/buy – i.e., Prices and then click the appropriate button. As soon as you do this, your order will come into view in the center list, waiting for a seller or buyer.
You can also sell or buy LIC by clicking a list order directly at the stated price.
This is where you can access the reports that detail every single operation you have done. It can even be filtered by date.
This is the last page to be analyzed in this write-up. On this “Security” page is where you can manage your two-factor authentication as well as your passwords. The former – i.e., the two-factor authentication (2FA) – is a security algorithm that allows a user to set two distinct authentication factors to substantiate or verify themselves. It is also put in place to protect the credentials of the user along with the resources the user has access to. Two-factor authentication protocols provide an advanced level of security ordinary authentication procedures that depend primarily on single-factor verification such as a password supplied by the user.