Hi folks,

So I have LRC in Binance and I am no longer able to subscribe to their earn function and earn LRC. I had made the decision to move my LRC to the Loopring wallet but I’m worried that this same problem (as pictured above) will occur with the wallet. Is the Loopring wallet bound by the same local regulations as Binance? If I move my LRC will I be encounter the same restrictions?

Thanks

  • nielzz@alien.topBEnglish
    1·
    1 year ago

    Probably not. Don’t know the regulations in your country but I had the same issues with Binance from the Netherlands. Never had any problems with the Loopring wallet.

  • pizzaloverbod@alien.topBEnglish
    1·
    1 year ago

    Only one way to find out. But I’m thinking since loopring is a wallet it’s different than an exchange.

    • CrypticallyKind@alien.topBEnglish
      1·
      1 year ago

      Yes I’m in this mindset too (not financial advice btw). A Wallet doesn’t hold anything, it’s just a window to your assets on a blockchain. An exchange does and has to go under all types of regulations as it:- onboard you, hold your personal info, you send it actual money, etc etc

  • Baef_@alien.topBEnglish
    1·
    1 year ago

    I don’t expect you to run into the same issue, what country are you in?