@Slim2 

Hi,
Typically, you can refer to the instructions below to troubleshoot when you fail to set up the camera.
What should I do if I fail to configure Tapo Camera?
 

In your case, the LED status on the camera is incorrect when you configure it, the LED should be flashing red and green rather than flashing green. 
1) Please power on the camera, wait for 2 minutes, press the reset button on it for 10 seconds, and then check if the LED will turn to flash red and green.
2) On your phone > Settings > Wi-Fi page, please check if you can see the default SSID(Tapo_Cam_XXXX) of the camera after resetting it.

Best Regard

  @Slim2 

Hi,
Please try the following steps.
1) Make sure the internet is stable and the router has a strong signal.
2) Power off the camera.
3) Move the camera closer to the router and power on the camera.
4) Wait for around 10 minutes, and check if the LED on the camera will change.

If the LED has no change, and you are sure the reset operation is correct, it may be the camera has an issue. You can contact your retailer or local team to check if the camera is under warranty.

Best Regards

  @Slim2 

Hi,
The basic functions and features are the same on both versions, only the package and product label were updated for the general product iteration.  
Best Regards