How to use LiveCoin exchange on example of Noah Coin. Full guide!
Dear friends, we continue to acquaint you with the cryptocurrency exchanges. Today we will tell and show you how to work with LiveCoin where our Noah Coins are traded. We have prepared a full guide for you. Stay in touch.
LiveCoin was launched in 2013. It is a cryptocurrency trading platform with a nice design, fast engine, and user-friendly interface. It supports nine languages: Russian, English, Chinese, Spanish, Portuguese, Italian, French, Indonesian, and Turkish. You can trade 255 trading pairs of cryptos and 3 fiat currencies: US dollar, Euro and Russian ruble. LiveCoin lets you trade pairs including any cryptocurrency and any fiat. It allows you not to pay a double fee while initially buying BTC for fiat and then selling it for altcoins. The fee depends on your monthly trading volume on the exchange. You can look at the fees in the FEES & LIMITS section. The users can receive from 10% up to 50% of the transaction fees from the person whom they invited to join LiveCoin. The verification is not necessary if you want to trade, deposit, or withdraw your funds, but it is required in case of bank transfers. OK, let’s start. In order to proceed to the trading part, first of all, you need to register.
How to register on LiveCoin
Go to LiveCoin and press the Open a Trade Account button. You can find this button in two places at the top of the website.
Enter your data, check I’m not a robot box, accept the conditions, and then press the Continue button.
Go to your email and click on the URL you received to complete the registration process. Enter the confirmation code and press the Confirm button.
NB. If your IP address changes, the exchange will send you a new authorization code. If this function annoys you, you can disable it in the Security section of your account.
The registration is over! Now, you can buy your first Noah Coins.
We recommend you to secure your account. For this purpose, move the cursor to the Account tab and choose the Security item.
Make necessary settings and remember to enable the Google Two-factor authentication (2-FA protection). Select the Level 2: advanced option and press the Change security level button. Then follow the instructions.
You have successfully secured your account and can buy your first Noah Coins right now! Very soon you will become a proud Noah Coin holder. Before that, you need to deposit your account.
How to make the first deposit
Click on the Balance or Deposit tab at the top of the screen. You will see the following window.
As you can see, there are two sections — Fiat Balance and Cryptocurrency Balance. We will work with cryptocurrencies. Note that you can trade only NOAH/BTC pair on LiveCoin. So, let’s buy our Noah Coins for Bitcoins. For this purpose, find Bitcoin among other cryptocurrencies in the Cryptocurrency Balance section or use the Search field. Press the Deposit button.
You will see the following pop-up window with the deposit address listed in both text and QR code form.
Transfer your funds to the displayed address. When you deposit your account, press the Buy/Sell button and you will find yourself in the Trading section.
Now, you are ready to buy Noah Coins. Aren’t you dying to do it?
How to get Noah Coins on LiveCoin
There are three types of orders available on LiveCoin:
1. Market order — allows you to buy and sell coins at the current market price.
2. Limit order — allows you to buy and sell coins at a specified price.
3. Deferred order — a trigger that works out under certain conditions.
We will show you how to work with the first two orders.
Let’s begin with the limit order.
You will see a Trading section on the right hand side of your screen. Select BTC among the currencies represented in the line. Then enter NOAH in the empty field above this line.
Scroll down to the Buy NOAH for BTC section. Enter the amount of NOAH you want to buy in the You get field and then confirm your selection by pressing the Buy NOAH button. We had 0.003 BTC and knew the price; therefore, we calculated that we could buy 1,900 of NOAH. Two dialogue windows confirming the trade appeared on the left hand side of the screen.
Besides, you can see your NOAH balance in your Account page by clicking either the Balance or Deposit in the top navigation section.
Congratulations, you are now a proud holder of your Noah Coins!
Market order
If you want to buy NOAH at the current market price, select the Switch to market order tab.
Enter the amount of NOAH you want to buy in the You get field and then confirm your selection by pressing the Buy NOAH button.
Two dialogue windows confirming the trade will immediately appear on the left hand side of the screen.
We have demonstrated to you how to buy your first Noah Coins using the two types of orders. Choose the method that suits you most of all!
We do not think you will want to sell your Noah Coins because you need them to use the funds in our amazing projects, but this guide will be incomplete if we don’t show you how to sell NOAH on LiveCoin. Let’s begin!
How to sell NOAH coins on LiveCoin
Go to the Trading section, select the NOAH/BTC pair, enter the amount of NOAH you want to sell in the You pay field and then confirm your selection by pressing the Sell NOAH button.
One dialogue window showing that your order was opened will appear on the left hand side of the screen.
Wait until your order is closed.
If you want to sell NOAH at the current market price, select the Switch to market order tab.
Enter the amount of NOAH you want to sell in the You pay field and then confirm your selection by pressing the Sell NOAH button.
You will see two dialogue windows confirming the sale on the left hand side of the screen.
Check your balance. If you do not want to store your coins at LiveCoin’s account, we will show you how to withdraw them.
How to withdraw your coins
Click on the Balance or Deposit tab at the top of the screen. Then find Bitcoin (BTC) among other cryptocurrencies in the Cryptocurrency Balance section or use the Search field. Press the Withdrawal button.
You will see the following pop-up modal window with the reference information. Enter the amount you want to transfer and the address of your wallet. Press the Send a Payment button.
You will see the following pop-up window. Check the data and press the Confirm button.
The next pop-up window will appear. Check the data again, enter the verification code (check your email) and PIN code, then press the Confirm button.
The following pop-up window will be displayed.
Wait until you receive the funds in your wallet. You can see all your transactions in the Transaction History section of the Balance tab.
