Are you curious about LeoCoin, and its works in the crypto world? Are you searching for ways to invest in LeoCoin? Are you ready to enter into the crypto world and want to about LeoCoin? Do you want to know how LeoCoin sets the standard for the future of Digital currency?
If you are here to learn about LeoCoin, don’t go anywhere as you are going to clear all your queries related to LeoCoin.
LeoCoin is usually the new digital cryptocurrency that operates on the blockchain-based peer-to-peer network. It allows individuals to make fast and secure transactions through the decentralized peer-to-peer network. You are here to know what LeoCoin is. Don’t worry we are here to guide you all about that.
In this article, we will explore a brief introduction to LeoCoin along with its history. We will provide you with the purpose of LeoCoin. You will also be guided about how to buy LeoCoin. We will also explore the benefits LeoCoin is providing. If you want to know what LeoCoin is, all you have to do is explore all the topics mentioned in this article to clear up all your confusion related to it.
Let’s not waste our time and move forward into more details!
What Is Leocoin?
LeoCoin also known as LC4 is mainly a digital currency, and its kind was launched in the United Kingdom. It usually works on the great idea that it is designed to be the world currency and the currency of choice for entrepreneurs and small businesses. It allows individuals to engage with small businesses to experience fast, secure, and cost-effective transactions through this decentralized peer-to-peer network.
It explores the principles of Digital currency and potentials such as security, privacy, and flexibility it offers to businesses and customers. It combines many developmental skills, international infrastructure, and the know-how of real-world entrepreneurship, a global network, and a user base along with a global vision in its identity to create a second-to-none growth platform.
LeoCoin has enabled inclusiveness into private and legitimate finance circles, where there is no need for personal information. It has the trust of its customers or users as it provides them with many digital financial services.
LeoCoin was created in June 204 and then it has been backed by the digital currency exchange since April 2015. It was designed to support small businesses allowing them fast, secure, and cost-effective transactions. The unique opportunity it offers as compared to other digital currencies is that it was created with an oven-ready community of users through LEO’s global community of entrepreneurs.
What Is The Purpose Of Leocoin?
LeoCoin has a global community of merchants and members who are powerful for a way to trade at the international level without any barriers and restrictions that come up with conventional currencies. It is designed to be the Entrepreneur’s currency so that it truly levels the playing field for international traders and small businesses. It is available to more than just Leo members, which means that anyone can start up a Leo wallet with just a few clicks of a button.
Leo is usually designed to be user friendly as possible. Other currencies are based on older technologies and have always been complex users. LeoCoin learns from other digital currencies and offers a more accessible approach. Its proof-of-stake model requires a fraction of processing power and it then lowers the barriers of entry to the consumers.
The main focus of LeoCoin is on the user-friendly platform, secure, private, untraceable staking token, trustless transactions between parties, freedom of payment, less fraud, and not a single point of failure.
Benefits Provided By Leocoin:
LeoCoin is a mathematical computer-based process called mining that generates LC4 coins. Mining is usually a complex mathematical problem that is solved by the computer executing difficult number-crunching tasks. LeoCoin is designed using the latest technology and techniques of cryptocurrency which is blockchain. Its design is considered very suitable for entrepreneurial and private use.
You have learned the basics of LeoCoin, and you may be thinking about its benefits. LeoCoin provides consumers and merchants with many benefits, we will discuss the major benefits that it provides;
LeoCoin is usually well known for its security and privacy features. With LeoCoin, making and finalizing the payments takes place without the need for any personal information. Due to the higher privacy of personal data, there is greater protection against theft identification.
In LeoCoin, same as blockchain technology, complete transaction histories are available for everyone. However, personal information is hidden.
Account holding Fiat currency can be demanded or frozen completely, by the host of authorities even if there is no fault of the customer. Digital currencies exist outside the traditional regulatory frameworks that usually allow this to happen. It is very uncommon or unusual for the holder to be unable to access their coins, until and unless any illegal activity has proven to take place.
The proof of stake model of the LeoCoin model reduces or eliminates the risk of selfish minor flaws/mistakes and attacks. It shows that everyone in the community has a stake.
How To Buy Leocoin (LEO)?
It is very easy to buy LeoCoin nowadays. If you want to do that, you can use cash, card, and even PayPal. But you have to follow some steps to do it.
That’s why we have come up with a complete guide to make it easy for you.
Buy Leocoin With A Credit Card Or Debit Card:
You are going to buy the LeoCoin, we would say that it is very easy to do that. First of all, you have to buy Bitcoins or Ethereum with your credit card. Then you will convert them into Ethereum.
Follow our Step-By-Step Guide to Buy LeoCoin!
1. Create an Account on CoinBase:
First of all, you have to buy Ethereum, to buy the Ethereum from CoinBase (which you will exchange for LeoCoin later) you have to create an account at CoinBase. Access the CoinBase and click on the sign-up button there to fill out the form. Enter your name (same as it is written on your ID card), email, password, and your location.
CoinBase is usually regulated by the US government and there are strict financial rules to follow. They will verify your identity. It will take time and effort but it makes the CoinBase a more trustworthy way to convert the regular currency into cryptocurrency.
2. Verify the CoinBase Account:
CoinBase needs to verify your account, for that purpose, you have to give your phone number upload the image of your photo ID, and verify your card (Credit or Debit) or bank account. Then you will be able to buy the cryptocurrency. If you use the card on CoinBase, the purchase will be instant but the fee will be higher. As compared to this, a bank transfer is cheaper but it can take a week to get your coins.
When your payment details are verified, click on the buy/sell button. Select Ethereum here and enter how much money you want to spend or how many coins you want to buy. After doing that, click on the buy Button.
Now you have to confirm your purchase, to do this just click on the “Confirm buy” button.
3. Create A LiveCoin Account:
We will now use LiveCoin to trade your Ethereum for LeoCoin. LiveCoin allows you to buy coins with dollars, Euros, and Rubles but it comes up with high fees.
First of all access LiveCoin by opening its official website and then click on the read button “open a trade account”. Enter your username, a strong password, and your email address. Then click on “Next”. You will get a confirmation code through Email. Go to your Email and open it. Then copy the code and paste it into the box where it requires the confirmation code. Then click on “confirm”. You have successfully created your account. Now use your username or email address and password to log in to LiveCoin. The website will then ask you to enter the 4-digit PIN code and it will be then used to verify your transactions while withdrawing coins.
4. Get the Address of the Ethereum Wallet From LiveCoin:
To get the address of the Ethereum wallet from LiveCoin, you have to click on the balance on the top menu. Scroll down here until you find the cryptocurrency balance, and type Ethereum in the search box. The coin list is narrowed down and shows the Ethereum and click on the Deposit button beside it. Press the blue copy, to copy the address to your computer’s memory.
5. Transfer Ethereum From CoinBase to LiveCoin:
Now you have to transfer the Ethereum from the CoinBase to LiveCoin. That’s why you have returned to the CoinBase website. After opening the CoinBase account again, you have to click on the accounts, on the top menu bar and find your Ethereum wallet, and it should be listed on the left.
Click on “Send”.
Now paste the Ethereum wallet address that you have copied from LiveCoin into the Recipient box. Type here, how much Ethereum you want to transfer in the amount box, and if you want to transfer everything then use the “Use max” option.
CoinBase may ask you to confirm the order through your password or phone number. Just follow the instructions until CoinBase confirms that Ethereum coins have been sent. You have to wait for a few minutes, for the Ethereum coins to move into the LiveCoin. Usually, it will take about 40 and 60 minutes for the coins to appear in your LiveCoin wallet. It usually depends upon the network load and might take longer during busy times. Just close the pop-up with your address to see your balance. Refresh the page to see if the funds have been transferred or not. You will also get an email notifying you of the transaction.
6. Exchange the Ethereum for LeoCoin:
Once your Available balance shows that Ethereum has arrived. Now you are ready to trade it for LeoCoin. Go and access the LiveCoin LEO/ETH exchange market. The page will usually take 10-115 seconds to load. Now you need to switch the market order button that is under BUY LEO FOR ETH and click it. There is a display next to that button and it tells you how much ETH you have and can trade. Click on it. You will see here the maximum amount of LEO you can buy for your ETH in the get box. Just edit the ETH number if you don’t want to use all of your Ethereum funds in this transaction.
Click on Buy Leo once you are ready for the transaction!
LeoCoin is an established digital currency that allows individuals to make fast and secure transactions through the decentralized peer-to-peer network. It is digital cash and works without the need for bank or transfer fees. It is supported by a large community of established and aspiring entrepreneurs. LeoCoin has the greatest potential for rapid growth and extension. Based on the Total Proof of Stake system, it is accessible to everyone and yes it is very easy to use and available today.
You are here to know about LeoCoin, we have got you covered. We have provided you with an introduction to LeoCoin along with its purpose. We have discussed the benefits of LeoCoin. We have provided you with the step-by-step guidelines to buy the LeoCoin. We are hopeful that, this guide is enough for you to know all about LeoCoin.
Gives your feedback about this guide, in the comments below!
1. Can I Buy LeoCoin with PayPal?
You can’t buy LeoCoin with PayPal directly at this time. If you want to use PayPal, you have to buy BitCoin first and then exchange the Bitcoins for LEO by using the services like Binance.
2. How can I Protect LeoCoin after Purchasing it?
To protect your LeoCoin, you should store your LeoCoin in a secure wallet. Leaving the LeoCoin on the exchange just puts you at the risk of losing the money, if the exchange gets hacked. So it is important to use, 2FA.