Safex Token is part of the new Safex Blockchain. As you mentioned, the address is much different to the address that you have for Safe Exchange Coin.
Late last year we released the dedicated Safex Blockchain, which we will be building the Safex Marketplace on.
This means the old Safe Exchange Coins (You were previously able to buy these on Bittrex, Cryptopia, and Trade Satoshi) need to be migrated over to the new blockchain.
The wallet you currently have is for the old Safex Blockchain, which is why you got the error when you pasted in your address.
There are two things you will need to do:
- Migrate your Safe Exchange Coins over to the new blockchain (guide here)
- Download and install the new Safex Token/Cash “Sails” Wallet (download here)
To avoid confusion, there are currently two wallets in operation. The v7 wallet is the latest wallet built for the old Safe Exchange Coin. This is the wallet that has the tools needed to migrate over to the new blockchain.
The “Sails” wallet is specifically for the new Safex Blockchain. This does not support the old Safe Exchange Coins.
I would recommend you migrate your Safe Exchange Coins first, as the v7 wallet will be able to generate you a valid Safex Blockchain address which you can use on LiveCoin.
During the migration process, you’ll be given some keys for your NEW Safex address on the Safex Blockchain. Make sure you take a copy of these keys as they will be needed in the Safex Token/Cash “Sails” wallet.
Note: Because the old Safe Exchange Coins are on the Bitcoin blockchain, you will require a small amount of Bitcoin to perform the migration transactions.
I’m unsure of the average transaction fees today (i expect someone will post) but around 100K sats is more than enough to get your transaction processed. Any Bitcoin left over can be withdrawn and used elsewhere.
Tip: Don’t rush the migration process. Take your time, and make sure you’ve got an hour spare to sit and do it properly. Read all the instructions carefully. It’s not a scary process - it’s just i’ve seen a lot of people rush it and make mistakes that could have been avoided if they simply followed the instructions.