I had whitelist enabled so transferring out to wasn’t happening, so then I sold and withdrew the funds, which I think is going to actually take longer. Smoothest of brains here.
Oh it that I told you so tastes so good. I used to get downvoted when I said not your wallet not your crypto in the LRC sub, especially regarding Cornbase. Yet here we are again, reality wins out over the bots. Some of you mega-corporations/funds are really slow learners. At least you found another way to lose even more money. Inflation can make money worthless but principles can't suffer the same fate. Fuck you and hooray for the dedicated peasants!
I keep checking the balance. At 7pm Eastern time it's 2,234,438.461281974852544039 LRC and yesterday it says they had 4,715,653 LRC. That's a pretty significant drop. I wonder what it'll go down to.
Because there isn't a supply crunch until Coinbase is forced to buy. OP is only showing COINBASE 2, which is one of their hot wallets. It currently has 2.9M LRC in it.
Perhaps the SHF are attacking the apes finances by shorting LRC because they know many apes are holding both. It's likely much cheaper to drive the price of LRC down vs GME.
I started off with Kraken and got a LoopRing Layer Wallet with Layer 2. All my stuff has been there for months. Not very much, but I never wanted to mess with CoinBase since it was already known Citadel was involved with it.
Makes sense, I made a purchase this morning and sent them over immediately to my l2 wallet, so I bought $25 more at lunch around 12-1 and now it says I need to wait 6 days for them to be available to send over….
It was disclosed that 256bil of their assets are custodial on behalf of customers. Basically, it’s not your money. If they go tits up and bankrupt, there goes your coin.
I use a Nano X. If I send LRC to my ETH wallet, will it receive them? I dont think LRC has its own dedicated app in the Live software, does it? Can they be held in just an ETH wallet?
If the loopering wallet wouldn't keep crashing every 3 seconds during set up. Now saying my number is already used and won't send me verification code.
Coinbase says they are at no risk of bankruptcy, so if you believe that then you are fine. I'm not implying that there is or isn't any risk of that, I really don't know what their financial position is like. There is indeed a massive run on LRC so when their reserves run dry, they will need to buy LRC to give to their withdrawing customers which I image would drive up the price.
I've been refreshing every so often, and watching 10's of thousands go out, with very little going back in... so why's the price slowly recovering? (.4 > .44)
This. Any wrinkles on this? I’m far smoother on crypto than GameStop. Give me a year and half though maybe I’ll figure it out. Meanwhile I’d LOVE to get out of CB.
So I don’t know if this is related or not. I’m relatively new to the crypto space. I purchased 1200 loops this morning on Coinbase pro. Tried to withdraw to my wallet a few hours ago and it said my portfolio only had 150ish loops. Now I checked and it has 250 loops. So slowly actually getting what I purchased. This liquidity issue is legit
I bought almost 1,100 more LRC today when it dipped to 0.39, so 5,200 total. Need to transfer out of CB in a few days after funds clear. I was an early adopter so my cot basis is only 0.44 😎
I moved the rest of mine from CB to LRC wallet. Is the fee to transfer from L1 to L2 currently 250LRC? Hot damn. I can’t leave it in layer 1 if I’m not planning on touching it right? Until these fees slow down.
Is there any way to use the loopring in my Coinbase to pay to create a wallet? Im a poor fucker who bought his loop and rarely have more than $50 to my name in my bank. Lost my job a few months ago been scraping by on side work. I’d swap it over if I had money to set up my wallet. Or maybe imma go down with a sinking ship unfortunately
you can use layerswap to transfer 50lrc to create L2 wallet. The 50lrc will be waiting for you after the L2 wallet is created. I can dm you instructions from Loopring sub if you want. Again, the 50lrc is not a fee, it’s used to keep bots from creating millions of wallets for no reason.
The reason was the added disclosure in Coinbase recent filing that basically says in the event of a bankruptcy people's assets would be taken away as it's customers technically aren't the owners or something to the effect
I’ve sold everything on cb except for some vitalik 2.0 that’s locked. Is there anyway to get that money out or is it stuck. Ik it says to sell your assets before closing ur account
Because there is no buying happening, it is just LRC that is in CB's wallet for the "benefit" of their clients, being taken by their clients and moved to a private wallet.
He as someone who is very uneducated in the crypto world, can someone please help me on what I should do? I hold LRC, ETH, and ADA in my coinbase account. Where should I move them too? I want to utilize the loopring in the smartest way possible. I’ve been buying here and there. Is there a specific loopring wallet I should sign up for and move it to? Sorry in advance and thanks for the help.
did it like a dumb impulse transferred, instead of waiting till later tonight for lower gas fee, dont care if it hurts Steven Cohen im fine with a little hit, gonna wait till later tonight to transfer my IMX though.
Am I the only one reading all this and hearing Charlie Brown’s teacher in my head? I have no idea what any of you guys are talking about, but I wish I did. 😂
Can a guy buy loopring right off the loopring wallet? Or do you have to buy from say, coinbase, or binance and then transfer there? Haven’t looked into the whole loopring L2 stuff yet. So not sure how it all works
You can buy directly using the Looprong wallet, via the Deposit button, the choose buy with card via Ramp or Banxa, the 2 available options for that currently.
Thank you for this! I just moved all my LRC away from the centralized institution into my own personal little bank. Now I need to go through all the recommended security options. Guardians etc.
Uhhhhh so I have a handful of coins left in CB. Just went to transfer them out and I am greeted with the message "please enter a valid phone number, address or email" when I try to send.
For this past week I've been unable to buy on Coinbase for the first time, it just gives me a generic error and asks me to try again. So strange, can't even yolo this dip.
IMPORTANT POST LINKS
Transferred all of my assets out of Coinbase earlier today and closed my account. It felt gooooood.
I got this done like 3 months ago and am glad not to be in a panic today.
I had like 40% left in CB and took it out today too. CEX is for dummies.
I had whitelist enabled so transferring out to wasn’t happening, so then I sold and withdrew the funds, which I think is going to actually take longer. Smoothest of brains here.
I have staked eth on there 😢. I don't think I can move it. I'm also a little crypto illiterate and wouldn't even know where else to put it.
I did the same.
Fuck.
Seeing this thread made me do my final transfer out to my lvl2 wallet via layerswap. Only 13 LRC to move off of CEX forever.
Where do you transfer to? Loopring wallet? I was kind of waiting for the GS Wallet...
Where did you transfer to?..I need to open something else to move out of cb. Three types of crypto on cb pro
I was looking how to do this….how did you do it?
I only had $24 with them but pulled it out today. I'm not even giving them that.
Where'd you transfer to? Need to do the same with binance
i didnt say this but cancel your card too and ACH $1000 after youve canceled then watch then magic, your instinct will know what to do next.
Help me. How do I do that
How did you do this exactly?
Where did you transfer to?
To where and how? I need to get out of CB! especially my lrc!
Yep, did the same!
May I ask to where?
Transferred to who? Asking for a friend.
Oh it that I told you so tastes so good. I used to get downvoted when I said not your wallet not your crypto in the LRC sub, especially regarding Cornbase. Yet here we are again, reality wins out over the bots. Some of you mega-corporations/funds are really slow learners. At least you found another way to lose even more money. Inflation can make money worthless but principles can't suffer the same fate. Fuck you and hooray for the dedicated peasants!
ELIA, how do I get my loops out of Coinbase?
I keep checking the balance. At 7pm Eastern time it's 2,234,438.461281974852544039 LRC and yesterday it says they had 4,715,653 LRC. That's a pretty significant drop. I wonder what it'll go down to.
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This is some heroic tracking :)
How does the LRC price remain so low if there is a supply crunch?
Because there isn't a supply crunch until Coinbase is forced to buy. OP is only showing COINBASE 2, which is one of their hot wallets. It currently has 2.9M LRC in it.
Perhaps the SHF are attacking the apes finances by shorting LRC because they know many apes are holding both. It's likely much cheaper to drive the price of LRC down vs GME.
lrc whales dumping
Good question. I wonder if that's the best Citadel and friends could do with their hijinks (the lower price).
What wallet is everyone currently using? I’ve been holding out waiting for a GameStop wallet.
I’m transferring ASAP to Looprings smart wallet. Gonna test this today myself, then help my dad get his loops off CB too.
I started off with Kraken and got a LoopRing Layer Wallet with Layer 2. All my stuff has been there for months. Not very much, but I never wanted to mess with CoinBase since it was already known Citadel was involved with it.
Honestly I’ve done the loopring smart wallet.
I have Loopring wallet
Loopring
Loopring you goof
Can someone ELI5 the process please?
Pick up a Trezor or a Ledger. One extra level of security.
I put my loops in loopring wallet and everything else in Metamask.
using metamask currently, waiting on gamestop wallet.
Makes sense, I made a purchase this morning and sent them over immediately to my l2 wallet, so I bought $25 more at lunch around 12-1 and now it says I need to wait 6 days for them to be available to send over….
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Just send cash directly to l2 and buy on the dex
108 in there now nvalue of $45! Wtf?!
that's what banks do, send your money out to make money for themselves and hope everyone doesn't withdraw at the same time
bro I just saw that too wtf
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It was disclosed that 256bil of their assets are custodial on behalf of customers. Basically, it’s not your money. If they go tits up and bankrupt, there goes your coin.
I transferred to my wallet and closed my account today! Fuck them.
buy a Ledger nano X and transfer all crypto to there, it’s essentially Crypto DRS, not your coins on an exchange
I use a Nano X. If I send LRC to my ETH wallet, will it receive them? I dont think LRC has its own dedicated app in the Live software, does it? Can they be held in just an ETH wallet?
64,000 now. It feels like a countdown clock....They're going to have to buy some more soon.
Scratch that.....12,000 now.
If the loopering wallet wouldn't keep crashing every 3 seconds during set up. Now saying my number is already used and won't send me verification code.
I'm guessing you're not the only one trying to set up a new wallet there. Stress test time for the system. 🚀✨🐵
Happened to me too today. I sent a reset request through the ticketing service after I had to reinstall and got the number already used info
Okay. I was wondering why I should pay 30 Lrc fees for my <100 Lrc portfolio.
Because you are transferring to L1. You can transfer up to 5000 LRC at a time using layerswap and have it directly sent to L2 for 3-5 LRC total.
I wouldnt
If Loopring bank run on Coinbase then price would go up theoretically
I tried creating a LRC wallet today and it would never finish the process… just got stuck on the “processing” final step both times. Infuriating.
Pulled mine
Only if the loop wallet wasn’t so complicated to open … hopefully gamestops is easier to setup I guess I’ll be at risk until then
Right, what do I do with a screen shot of a QR code
It's really not when you follow the prompts. And there is a ton of info on how to send from whatever CEX you're using to the Smart Wallet.
The knowledge base for loopring is useful if you take the time to poke around. A lot of short videos on the various processes grouped by subject.
Yeah it’s not user friendly at all
"so complicated"
I have lrc and eth in Coinbase. Can I send to the new wall on game ? I've tried to buy directly. Nothing happened
How do I convert my looping coins back to cash from the looping wallet?
The off ramp isn't up yet.
Then I shall join the run aswell
Yeah I got the last of mine off. It said error and but then worked.
I sent all of mine to my LoopRing Wallet tonight, super easy with layerswap. Coinbase is about to be Robinhood 2.0
Fuckin hell… My dumbass left LRC on CB. Just created my LRC wallet, gonna transfer over. Thank you 🙏🏽
Guys I’m a fucked ? I’m on the normal app. Not the Wallet. What do I do?
Coinbase says they are at no risk of bankruptcy, so if you believe that then you are fine. I'm not implying that there is or isn't any risk of that, I really don't know what their financial position is like. There is indeed a massive run on LRC so when their reserves run dry, they will need to buy LRC to give to their withdrawing customers which I image would drive up the price.
OP is not kidding 4.7 mil supply yesterday 2.6 mil remaining. Their 10Q was an idiotic move.
Update - 1,705,493 remaining.. This is with Coinbase bringing in additional LRC supply.
I just transferred mine out too!
Is there a guide on how to transfer? For smoothies…
https://www.youtube.com/watch?v=r5QKSgxniJ0
My IQ is like a room temperature number and still researching on the transferring from CB to the wallet 🥺 I will get it soon!
I've been refreshing every so often, and watching 10's of thousands go out, with very little going back in... so why's the price slowly recovering? (.4 > .44)
I don't think what we are seeing should affect price discovery.
I’m about to liquidate my other coins by loops and gtfo
To anyone having issues setting up a loopring wallet, please go over to their discord. They have a ton of helpful people and resources there for you!
What is a better alternative to coinbase?
As of 11:20 PM EST their wallet is showing approximately 2.24xxxx loops remaining. Yes, the single digit number 2! It’s Nuts.
They loaded back up around 3 hours ago. I linked in a post edit the 2 transactions. They bought 3.6m coins and have added more in small batches since.
I'm one of those. Moved the last of my lrc and all my imx to my looping wallet.
LRC is disabled on Layerswap Edit: Not anymore
This. Any wrinkles on this? I’m far smoother on crypto than GameStop. Give me a year and half though maybe I’ll figure it out. Meanwhile I’d LOVE to get out of CB.
A squeeze on LRC would be a fucking badass way to start the fireworks.
Firesale on loops as everyone piles into their platform? XD
So I don’t know if this is related or not. I’m relatively new to the crypto space. I purchased 1200 loops this morning on Coinbase pro. Tried to withdraw to my wallet a few hours ago and it said my portfolio only had 150ish loops. Now I checked and it has 250 loops. So slowly actually getting what I purchased. This liquidity issue is legit
I bought almost 1,100 more LRC today when it dipped to 0.39, so 5,200 total. Need to transfer out of CB in a few days after funds clear. I was an early adopter so my cot basis is only 0.44 😎
Can someone direct me to the best way to do this? I have my LRC in Coinbase and would like to transfer out to my loopring wallet if possible
Same
Well my small amount of LRC is stored on my own L2 wallet so its out of their hands lol. (Rapidly losing value as of recently but oh well lol)
Got my LRC out luckily. I do have some BTC in my coinbase wallet, need to sort out what to do there. Can you move staked ETH?
i want to join in on this fun. what does your post mean?
Good. Fuck Coinbase
I moved the rest of mine from CB to LRC wallet. Is the fee to transfer from L1 to L2 currently 250LRC? Hot damn. I can’t leave it in layer 1 if I’m not planning on touching it right? Until these fees slow down.
I transferred everything out months ago except my staked ETH2…😅
Does anyone know if i can transfew my IMX to my loopring wallet?
Is there any way to use the loopring in my Coinbase to pay to create a wallet? Im a poor fucker who bought his loop and rarely have more than $50 to my name in my bank. Lost my job a few months ago been scraping by on side work. I’d swap it over if I had money to set up my wallet. Or maybe imma go down with a sinking ship unfortunately
you can use layerswap to transfer 50lrc to create L2 wallet. The 50lrc will be waiting for you after the L2 wallet is created. I can dm you instructions from Loopring sub if you want. Again, the 50lrc is not a fee, it’s used to keep bots from creating millions of wallets for no reason.
Is this also the way if your on Binance? What’s our stance on Binance ?
Wait. I’m on vacation and I have heaps of LRC in CB. What do I need to know???
If Coinbase goes bankrupt, your crypto is not protected, it's "theirs."
where will i buy crypto then
Why is that happening ?
The reason was the added disclosure in Coinbase recent filing that basically says in the event of a bankruptcy people's assets would be taken away as it's customers technically aren't the owners or something to the effect
People are freaken out cause they think coinbase is going to go bankrupt. (They’re not)
Holy shit look at the Coinbase LRC network fee rofl
Good thing I did this months ago lol
Same here.
I transferred all my loops out months ago… felt good. I just have like $50 worth of some shit coin left in Coinbase that I’ll leave.
Donate it and close that shit 🙂
Glad I did this yesterday on a whim lol. Get fucked coinbase.
I’ve sold everything on cb except for some vitalik 2.0 that’s locked. Is there anyway to get that money out or is it stuck. Ik it says to sell your assets before closing ur account
I have an account and wallet with CB. But, it's 0 and they keep giving me notifications to add now. No, thanks. I'll pass. GL with staying afloat.
I went into Loopring on Friday, before the dip :)
I did my part an hour ago!
why price no move
Because there is no buying happening, it is just LRC that is in CB's wallet for the "benefit" of their clients, being taken by their clients and moved to a private wallet.
I have lrc (and only lrc) in coin base. What do I do? Where do I go? Brain super smooth now worried
So…. Anyone have a step-by-step of how to do this transfer
This is no different than a run on the bank. This will not end well for everyone in crypto if it is continued to go on.
If you hold your coins in a CEX you are not in crypto.
Made my move, 200 loops left that need to settle before being pulled
Moved it all yesterday. Fuck all that noise.
Wait where do I transfer my coins to? I haven't been keeping up. I literally got a message saying LRC fell 25% in the past 6 hours to sub .50
He as someone who is very uneducated in the crypto world, can someone please help me on what I should do? I hold LRC, ETH, and ADA in my coinbase account. Where should I move them too? I want to utilize the loopring in the smartest way possible. I’ve been buying here and there. Is there a specific loopring wallet I should sign up for and move it to? Sorry in advance and thanks for the help.
I transferred all my LRC to Loopring wallet today
how do I do this?
did it like a dumb impulse transferred, instead of waiting till later tonight for lower gas fee, dont care if it hurts Steven Cohen im fine with a little hit, gonna wait till later tonight to transfer my IMX though.
GUILTY AS CHARGED
I transferred my loops months ago. But I just sold the small amount of IMX I had there and removed my cash.
Trying to set up a wallet on loopring but I keep getting an error.
Can someone ELIA wtf is going on with terra / Luna/ btc please?
Probably nothing. 🤡
the market cap is half of the float
Typical distraction maneuver
Where can I buy loopring and how do I transfer it to a wallet? Anyone have a link?
Just did it myself
How do we feel about Gemini? I got all my stuff on there
Get a loopring or gamestop wallet and get them out of a DEX.
Am I the only one reading all this and hearing Charlie Brown’s teacher in my head? I have no idea what any of you guys are talking about, but I wish I did. 😂
Meeee!
I guess when I get my gme wallet I will need to figure out wtf it is and how it works lol
Binance too, but not as quick... But still!
Can a guy buy loopring right off the loopring wallet? Or do you have to buy from say, coinbase, or binance and then transfer there? Haven’t looked into the whole loopring L2 stuff yet. So not sure how it all works
You can buy directly using the Looprong wallet, via the Deposit button, the choose buy with card via Ramp or Banxa, the 2 available options for that currently.
I have my loops on Kraken. I wonder if they’re safe-ish. I haven’t heard anything bad about Kraken yet.
Can't get my last loops out of kucoin, layerswap not doing loops to L2 at the moment.
I withdrew everything to crypto.com.
I did that today!
Just moved XX,XXX to LRC wallet myself
Smooth brain here, ok so a thing is happening = I buy more GME! Got it, thanks.
When in doubt, always buy more GME.
Funny I just got some LRC on CB and was going to transfer it to my LRC wallet till the ios gamestop store openes up …
This could end very badly for any crypto investors who have their holdings in exchanges.
Got my LRC out of their today. It was easy to do and only cost me $40 to get my wallet all set up
Thank you for this! I just moved all my LRC away from the centralized institution into my own personal little bank. Now I need to go through all the recommended security options. Guardians etc.
All my Loopring is in cb where should I move it, I’m sure there’s a thread about this if someone could link
The loopring page "
Uhhhhh so I have a handful of coins left in CB. Just went to transfer them out and I am greeted with the message "please enter a valid phone number, address or email" when I try to send.
I only use cold storage if I can what is a Coinbase?
I can’t activate my loopring wallet. I need someone to send me eth to activate it. :(
I cant setup my Loopring account in Sweden, is anyone willing to help me or atleast tell me why its bugging?
I’m stuck not being able to activate my wallet
Ayy one of them was me. Even paid to get my imx out as well
Ooooooo daddy already has all of his LRC in his own wallet.
RC? Is that you?
For this past week I've been unable to buy on Coinbase for the first time, it just gives me a generic error and asks me to try again. So strange, can't even yolo this dip.
how i get my LRC out and to where. please help
Pulled out all of mine yesterday and put it in my own wallet. Should've done it earlier, but the last filing from Coinbase sealed the deal.
Transferred all my loops today. Fuck Coinbase!