Terra Luna Classic (LUNC) Delisting Delayed By Crypto.com? (2024)

FAQs

How long does a crypto.com withdrawal to a bank take? ›

How Long Does It Take to Withdraw From Crypto.com? It takes Crypto.com about 1 to 2 business days to process fiat withdrawals from the exchange, and cryptocurrency withdrawals are usually processed within 2 to 3 hours.

After the collapse of the original LUNA token, Coinbase delisted the token from its exchange. The original Luna token was rebranded as Luna Classic (LUNC) and despite Binance listing it, Coinbase is yet to relist the Luna Classic token.

This is a case-by-case process and may take anywhere from a few hours to a couple of business days, depending on many factors (e.g. your country of application, nationality, quality of the pictures, etc.).

According to some analysts, the maximum price LUNC could reach is projected to be around $0.000135 in 2023, $0.000304 in 2025, and $0.000739 in 2030. These projections are based on current market trends and the assumption that the burn program and community support continue to drive the token's potential recovery.

All Users' deposits are held in cold storage, for security reasons, however, withdrawal requests - for all cryptos - are automated. In most cases, withdrawals are almost instant and normally should take no longer than 2-3 hours to be processed.

What does pending approval mean on crypto com? If your vault withdrawal is "Pending Approval," it means that one or both of the email addresses associated with the vault have not approved the withdrawal and the 48-hour waiting period will not start for the withdrawal until that has been done.

Simply go to the withdrawal drawer in your Fiat Wallet and tap Add a Bank Account. Follow the onscreen instructions and tap Submit to save your bank account. You can then proceed to make withdrawals.

Will Luna ever recover? The future of LUNA remains to be determined. While the cryptocurrency market has witnessed recoveries from downturns in the past, LUNA's specific challenges make its path to recovery less clear.

LUNC was a good investment in the last bull market. But since the LUNA collapse, and its rebranding the token has struggled. Going forward, the token might produce some returns. But it might not be as profitable as the performance that brought it to the limelight.

Can I sell Luna Classic on Coinbase? ›

Wrapped LUNA Classic (WLUNA) is not tradable on Coinbase. The current WLUNA to USDT conversion rate is 0. Inversely, this means that if you convert 1 USDT you will get 32,145.1 WLUNA. The conversion rate of WLUNA/USDT has decreased by 2.52% in the last hour and grown by 9.31% in the last 24 hours.

Yes. In the United States, your transactions on Crypto.com and other platforms are subject to income and capital gains tax. If you've earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you'll have a tax liability to report to the IRS.

Crypto.com is operated by Foris DAX Asia, a Singapore-based company that's a subsidiary of Foris DAX MT (Malta) Limited.

Linking your bank account to your Crypto.com account is generally considered safe. The platform uses advanced encryption and security protocols to protect your financial information. However, as with any online financial transaction, there are inherent risks.

In response to these developments, Crypto.com has taken decisive action to mitigate risks and protect its users. Key measures include the suspension of trading for LUNA, MIR, and ANC on both the Crypto.com app and Crypto.com exchange platforms. Furthermore, new earn deposits and loans for LUNA have been halted.

Based on your price prediction input for Terra Classic, the value of LUNC is projected to increase by 5%, potentially reaching $ 0.000077 by the end of this week.

The announcement shared earlier showed that pairs linked to #Shibainu (SHIB), Terra ($LUNA ) and Cardano (ADA), among others, would be removed for failing to meet its liquidity conditions.

Crypto.com confirmed the delisting of the Terra Classic token from its trading platform following Terra Labs' bankruptcy filing. The announcement of the delisting of Terra Classic (LUNC) by the major exchange was followed by a significant 12.4% drop in LUNC over the last 24 hours by press time.