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@SatoadshiLite That’s a good idea. But if litecoin goes to 1k it won’t take much to be allot.
Personally I am more concerned about trying to send to a bank account.
@SatoadshiLite But also I think that it is going to be based on your limits with your exchange. Like if you have a 10k limit to your bank then trying to send 1M to it probably will be trigger flags. But if you have 100k limit it may not trigger any
@SatoadshiLite I am hoping that with this type of scenario it won’t be flagged.
Because I am not sending a crypto out and buying x that goes up 100x then convert to stables. Then send stables to the exchange. That could seem sketchy for then I would think
@SatoadshiLite But it would be nice to know more about those restricted accounts.
Because like for instance
Did they buy all of the coins from that exchange then sent to a white listed wallet?
Then sent no more than the purchased amount from that exchange?
I think that won’t trigger flags
@SatoadshiLite Well the thing with self custody is that you could move money from anywhere. Then when you move it to the exchange they would have to figure out where it came from. Just like banks when you try to deposit large amounts of cash. I think they are under the same type of regulation
@SatoadshiLite That’s one of the reason I have held what I plan on selling on the exchange sense they know where all of the funds have come from and too. But it doesn’t help when the exchange goes down from volume spikes
@100trillionUSD Genuine question.
What is it that litecoin doesn’t have that Bitcoin does?
From my perspective of looking at this particular one.
- growing addresses
- growing hash rate
- fixed supply
- founder not in the picture
- 100% uptime
What invalidates LTC that doesn’t BTC
@Blockchainwork5@cryptocom There debit card is really cool. I wish the card limits were higher but I understand they are there to make money so if you give too much opportunity to earn back on purchases.
Using it as an exchange I seems that you receive less for the same amount than in other exchanges