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Crypto-Eden start-up guide

1. Create an account with Liquidity One (L1)

Before you start, get your drivings licence or passport, and a utility bill (or other document showing your home address) that is no more than 3 months old. Also make sure you have an authenticator app installed on your phone, such as Google Authenticator.

Go to https://trade.liquidityone.io/register then just follow the instructions.

  1. Fill in your email address and a password, tick the box and then click [Submit].
  2. Check your email for a mail from Liquidity One called "Verify your email", open it and click [Activate LIQUIDITY ONE account].
  3. Go back to the registration window and click on [Login] or https://trade.liquidityone.io/ and fill in your email and password.
  4. You should now see a QR code on the screen, open your Authenticator app and click on the plus sign and "Scan a QR code" (if you are using the Google app otherwise it may say something similar). Scan the QR code and then enter the code from the app on your phone in the box below the QR code you just scanned where it says "Enter your one-time code". Click [Continue].
  5. Now you'll be presented with a recovery code you can use to log in if you don't have your authenticator app, so save it somewhere safe so you know where you have it. Then tick the box and click [Continue].
  6. Now you need to verify the account so click on your avatar at the top right and then "Profile".
  7. Fill in all boxes exactly as they appear on your driving licence/passport. Name, address, date of birth, nationality and telephone. The "Anti-Phishing Code" is optional and is a way for you to validate that any contact from L1 is not an attempt to scam you but actually comes from them. Then click [SAVE].
  8. You will now be asked if you want to verify now or later. If you verify now, you will first be asked if you live in the US or elsewhere.
  9. Then enter your email address again, you will receive a verification code on the email, retrieve it and enter it to verify your email address. If you see "WELL DONE!" then you've got it right, click [Next].
  10. Enter your phone number to get a verification code to fill in and then it's time to upload a photo of your driving licence or passport and a selfie as well as your bill or other document showing your address.
    If you want to verify at a later date, click on your avatar and "Profile" then [Verify].


2. Buy or exchange crypto on L1

The easiest way to deposit crypto is to buy them directly on L1 and pay by card. This is a bit more expensive than some other ways, so if you are a regular crypto user or intend to deposit large amounts, you may want to take another route. Likewise, if you have a bank card that doesn´t accept transfers to crypto platforms. In such cases, you can i.e. get an account with the Lithuanian bank Revolut, which is crypto-friendly. Guide for that you have here under section "B". https://forexgruppen.se/sv/mobile-wealth-guide-nr-1/

A recommendation is to read through this guide with its different approaches first and then decide how you intend to do it, then go back and follow the guide while performing the procedure...

In order to BUY crypto on Liquidity One (L1) and pay with your card, log in and click on [Portfolio] in the top right corner and then on [Buy].

  1. Choose the fiat currency you want to pay with, for example USD, and how much you want to buy.
  2. Choose which cryptocurrency you want to buy. USDT if you are going to use crypto-Eden.
  3. Select VISA/Mastercard.
  4. Click [Buy]
  5. Click [I understand] that you will be transferred to the Banxa website.
  6. Make the card payment at Banxa. You will first receive a four-digit code by email to verify your identity, then just fill in your card details and click [Submit payment].

In order to EXCHANGE crypto on LiquidityOne (L1), click on [Trade] in the top right corner.

  1. In the drop-down menu on the top left, select which cryptos you want to exchange/swap. To use crypto-Eden you want USDT and you may have transferred Bitcion (BTC) so select "BTC/USDT".
  2. On the right, select [SELL] because you are selling BTC for USDT. (Sometimes it can be the other way round, for example ETH/BTC and if you want to sell BTC, select BUY because you are buying ETH for your BTC).
  3. In this case, you would probably select "Market order" in the drop-down menu under Buy and Sell to execute the purchase directly, unless you want to speculate on a better price, in which case you can enter your own price.
  4. Specify how much BTC you want to sell in the 'Amount' box below or drag the meter to the percentage of your BTC you want to sell. Now you will see how much USDT you will receive.
  5. Then click [Sell BTC].

3. Crypto wallet (personal wallet)

An alternative route if you already hold crypto or bought it elsewhere is to send it to L1 via a personal wallet.
Even if you buy crypto directly from L1, we recommend whitelisting a personal crypto wallet. Why? Whitelisting a private crypto wallet is a way for L1 to comply with the regulations regarding crypto exchanges. It is also a way for them to ensure compliance with the Money Laundering Act, as whitelisting your wallet proves that you own your wallet.
If you are depositing crypto directly via card purchase to L1 via Banxa (their third party payment card processor), you do not need to have a private wallet whitelisted. You also do not need to have a whitelisted wallet to send crypto from your existing wallet to L1. Although it is still recommended that you send your crypto from a whitelisted wallet as otherwise there is a risk that L1 will need to verify that the crypto is sent from your own wallet, which can be time-consuming.
However, withdrawals can only be made to a whitelisted private wallet. You also need to wait 24-48 hours from when you have whitelisted a wallet before you can withdraw.
To summarise, it can be a good idea to whitelist a private wallet right away so you don't have to do it later when you want to make a withdrawal - even if you don't need it to get started with crypto trading.


4. Whitelisting

Once you have created the account with L1 and verified yourself, you can whitelist ("approve") a private crypto wallet located outside of Liquidity One, which can be used for depositing and withdrawing cryptocurrency that you already own outside of Liquidity One. This is thus the only option to deposit crypto if you do not buy directly on L1 instead. Examples of such private wallets are Atomic, Exodus, Metamask or Ledger (Ledger is a so-called hardware wallet, also called Cold Storage). Whitelisting can be done in a few different ways and a guide can be found below.

NOTE: All wallets located on any crypto exchange are by definition NOT private, but they are so-called "custodial wallets", which can be translated to roughly that they are "cared for" by someone else, and thus they are not private to you, but it is the company behind the crypto exchange in question that owns the keys to such a wallet and strictly speaking, they also own the cryptocurrency stored there. Examples of such custodial wallets, which can NOT be whitelisted on L1, are Binance, Coinbase, Coinzoom, Kucoin, Gate and many many more. You may NOT use any of these to deposit crypto directly to L1.

Whitelist a personal wallet with LiquidityOne (L1) and deposit crypto.
We will go through two different options. You can't do both examples 1 and 2 but you choose one of these methods. The first example is the easiest and then you skip "Example 2" which is described below. You should do whitelisting according to Example 1 even if you bought crypto directly from L1, but you can then skip the rest and scroll down to heading no. 5 "Connect API".
Example 1. Whitelist USDT "By self-declaration"
1. Click on "Portfolio"
2. Click on "Whitelisting"
3. Click on [Whitelist an Address].
4. Click on USDT in the "Currency" drop-down menu.
5. Click on [By self-declaration].


Whitelisting wallet address
Copy the "wallet address" you want to whitelist. You can find the address in most wallets by clicking on "receive" where it says USDT (alternatively it says Tether USD) as you will then see the address you use to receive USDT. Remember that it must be a "private wallet" such as one of the ones mentioned above. A very user-friendly one is Exodus, which is the one we will use in our guides.
(It is therefore possible not to use an account/wallet with e.g. Binance, Trijo, Revolut or other crypto exchange because these are NOT private wallets but technically belong to the company in question).
You can also look for the address in the transaction history from when you put crypto in your wallet and on Ledger, for example, it says "from" and "to" instead. Then double-check that the first three and the last three characters of the address match between L1 and your wallet so that you have certainly included the entire address when you copy it. Note that some currencies such as Bitcoin (BTC) get new addresses for each transaction, this is a security measure but all the BTC addresses you used are still yours and are still in use.

Wallet label
7. Then name your Wallet to something optional e.g. ETH/USDT Wallet, the reason for ETH/USDT is that they have the same address as Ether (ETH) is the cryptocurrency and USDT a token/stablecoin on its network/blockchain Etherum. You can easily see this on e.g. Exodus by clicking on Receive under both Ethereum and Tether USDT that it is the same "wallet address". There are also more with the same address and also different networks. USDT can only be transferred to L1 on Etherum's network, so make sure to select it if there are more to choose from, which is the case with Exodus.
Tick the box "I certify this is my own wallet" and click on [Whitelist this wallet].

ATTENTION!!! that ETH is also required for the network fees "gas fee" to be able to exchange or forward USDT at Exodus, so you must also send ETH there, which entails a lot of extra network fees that in percentage terms become a large part of the cake if you send small amounts. Instead, buy directly at L1 or you can send Bitcoin (BTC) via Exodus and then exchange these to USDT at L1 because it is USDT that Eden uses for its trades, so that is what you should have in your portfolio at L1.

Example 2. Whitelist USDT "By depositing"
1. Click on "Portfolio"
2. Click on "Whitelisting"
3. Click on [Whitelist an Address].
4. Click on USDT in the "Currency" drop-down menu.
Click on [By depositing from your personal wallet].

Whitelisting wallet address
Copy your "wallet address" and name it in the same way as in Example 1.

Depositing amount
7. Enter the amount of USDT you wish to deposit.
Tick the box "I certify this is my own wallet" and click on [Whitelist this wallet].
Then make the transfer with the exact amount of USDT you specified, from your personal wallet to your wallet address at L1 as indicated in the box: To (LIQUIDITYONE).
10. Copy your wallet address from L1 under USDT send/withdraw into your personal wallet. Double check the beginning and end of the address to make sure they match or use the QR code on L1 if your wallet supports it. Transferring USDT costs a little differently depending on the Wallet and the transactions must be paid with ETH. If it cannot be deducted and exchanged automatically from the amount, you must exchange it first as is the case with e.g. Ledger, where you enter under SWAP. The transaction can then take some time depending on the load on the network, this time it took 14 minutes but it can sometimes take several hours. Also at Exodus you need ETH and the minimum amount to exchange / swap to ETH there is around $200 which is a bit too juicy if you only need a tenth so in such cases bring over ETH from elsewhere. Again, a little to advanced if you are a beginner to choose this route so not recommended.

Deposit / Deposit
Now you can deposit more money if you want but make sure to always do it from a whitelisted private wallet or the money may be subject to investigation and locked in the meantime.
Click on "Portfolio" select [Deposit]
Select "Depositing Asset" in the drop-down menu e.g. USDT and which Wallet you want to deposit from. For USDT to L1, only the Etherum network works, as mentioned above. if you have multiple choices in your wallet.
Then repeat the procedure from the previous paragraph.
Then click on [Make Another Deposit] at L1 if you want to make another deposit or [Done? Check Transaction History] if you want to check your history. Be careful when doing all this because if you get it wrong, there is probably no one to help you get your money back.


5. Connecting the API

To be able to follow what is happening in your Liquidity One account even when you are logged in to Mobile Wealth, you need to connect an API key between the platforms.

  1. Log in to Liquidity One (L1).
  2. Click on your avatar in the top right corner.
  3. Click on "Profile"
  4. Click on "API"
  5. Click on [Create an API Key].
  6. Make up a name such as MW and click [Create].
  7. Fill in your password you use to log in to L1 and click [Submit].
  8. Fill in your authenticator code and then click [Verify].
    Note that the API secret only appears once here so if you want to use it again, you must save it in a safe place or retrieve it from MW after you have entered it there. Usually it is enough to add it to MW once and if you lost it on the way, it is also easy to repeat the above and create a new one. To copy it, click on "Copy" below the code and paste in any location or click "Save" and a text file will be created and saved locally on your computer. Note that only the API Secret is saved in the file and not the Key ID but the latter can be retrieved from L1 whenever you want and you can retrieve both from MW after entering them once.
  9. Now log in to MW.
  10. Click on "Trade Accounts"
  11. Click on [Add Account] in the "Crypto Accounts" section.
  12. Select Liquidity One under "API Exchange" and click [Continue].
    You cannot currently whitelist IP addresses at L1 so just click [Continue].
  13. Copy the API Key from L1, memorise what letters or numbers it starts and ends with. Click on the eye and double check these when you have pasted everything at MW so that they are correct and that you have not included any extra spaces or similar at the beginning or end.
  14. Repeat the same thing with API Secret. Check that it still says Liquidity One in the dropdown above and then click [Submit]. Click [Ok] and you are done.
  15. Now click on [Access Trade Interface] or "Crypto interface" and in this view you should see what you have in your wallet.
  16. Once you have completed this pairing, under "Trade Settings" you can find your risk setting called "Percentage per trade". This setting controls how much of your base currency is used in each trade. For example, if you have 10,000 USDT in your account and you set it to 50%, the next time a trade is initiated it will buy e.g. BTC for 5,000 USDT. If these BTC are then sold with, for example, 10% profit, your net profit will be 5% of your account. At the same time, when you entered the trade, you have risked half of your capital, but in order for you to lose that entire amount, the BTC must become worth zero; and if that happens, the entire market has probably already collapsed completely.
    A more realistic loss scenario is instead that your BTC are sold at, for example, 5% lower price than they were bought for. If you have then run with 50% risk setting and with 10,000 USDT in original capital, you have in practice bought BTC for 5000 USDT, which means that in the event of a decline in the BTC price of 5%, you have lost 250 USDT, corresponding to 2.5% of your total capital.
    You can change your chosen risk setting at any time in Mobile Wealth's back office whether you have an open trade or not. If you have an open trade, nothing will be changed or affected with that particular trade, but the change in risk level will take place on the next trade. Don't forget to click [Update settings] afterwards.

    In crypto trading with Eden, there is an active filter outside the neural network that protects our capital. An active filter means that it is in place when everything is working properly and if something goes wrong so that the active filter loses control due to, for example, a power outage or hardware failure, the filter is turned off and by default all trades are closed and Eden loses access. If this happens, Eden cannot place new trades until she is restored and trades cannot be kept open. The filter will also stop all trading if the "catastrophic stop loss (CSL)" level occurs which is 15% times your setting of 25/50/95%. So with the setting 50% and $1000 in USDT in the account, each trade is $500 and you risk 15% of that i.e. max $75.

 

6. Get to know Liquidity One's platform

Trade,we have already covered that in this guide.
Orders, here you do not see any open orders because Eden buys a currency and then sells it again so there are no open orders but you own two different currencies instead, however, if you click on "History" you will see which transactions she has made. BTCUSDT Buy means that she sold USDT and bought BTC instead and vice versa. You also see the time and price etc.
Portfolio

  • "Overview" you can see how much your portfolio is worth and how much you have of each cryptocurrency.
  • "Transaction history" if you click "All Assets" you will see all the purchases and sales of crypto that have been made. A trade by Eden consists of four parts;

1. Sale of USDT and
2. Buy BTC at the same time, then when it's time to close down
3. The sale of BTC; and
4. Purchase of USDT.

At the time of writing we see some differences between the figures if you compare L1 with MW back office but it is L1 that shows the correct ones.

7. MW back office

Logged in to MW we see "Trade settings" which we have already gone through, we see which crypto and how much of them are in the account. We also see any open trades under "Current trades" and under "Past trades" there is a column PROFIT AMT/% which tells you your profit in dollars and how many percent BTC moved during the time of the trade. The percentage shown below is not your profit but depends on your setting 25/50/95%.

8. Other

For more in-depth information, see our questions and answers section. https://forexgruppen.se/sv/faq/