does coinbase wallet support lunc

Despite its market volatility and uncertain trading conditions, LUNC remains unsupported by Coinbase Wallet due to its ongoing security evaluation and regulatory considerations.

Nov 02, 2024 at 07:45 am

1. Does Coinbase Wallet Support LUNC?

No, Coinbase Wallet currently does not support LUNC (Luna Classic).

2. Background on LUNC

LUNC is the original Luna token that emerged after the collapse of Terra in May 2022. It is distinct from LUNA, the new token created by the rebranding of the Terra blockchain to Terra 2.0.

3. Reasons for Lack of Coinbase Support

Coinbase Wallet requires rigorous evaluation and security assessments before listing new assets. As of now, LUNC may not meet Coinbase's criteria for listing due to factors such as:

• Market volatility and concerns over liquidity: LUNC has experienced high volatility and uncertain trading conditions since its inception.
• Technical issues: Coinbase may need to ensure that the LUNC integration is seamless and reliable for users.
• Regulatory uncertainty: The regulatory status of LUNC is still evolving, and Coinbase must adhere to all applicable regulations.

4. Alternative Storage Options

If you wish to store LUNC, you can consider reputable cryptocurrency exchanges or non-custodial wallets that support LUNC, such as:

• KuCoin
• Binance
• Trust Wallet
• Metamask (using the Terra Classic Network)

5. Disclaimer

Please note that investing in cryptocurrency involves risk. The price of LUNC can fluctuate significantly, and it is crucial to conduct thorough research before making any investment decisions.