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 Colmi 1 Luno 0, Luno locked my account for sending XRP

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TruthHurts
post Jan 17 2025, 07:25 PM

On my way
****
Senior Member
653 posts

Joined: May 2011
From: SOVIET SARAWAK
QUOTE(colmi @ Jan 17 2025, 06:46 PM)
1,150 XRP

Is that considered a lot?  cool2.gif
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Last time 1 XRP cost about RM2 during that year you bought it's like RM2300. But also that Luno already limit the 10k before this happen. Now XRP already cost like RM14 perXRP, the total you have exceed 10k limit as SC already put certain amount to be on watchlist. If you go to currency exchange and change 10K also need to be question a lot.

Also, you don't have any cold wallet storage ? I keep mine some in Luno and some in cold storage.
TruthHurts
post Jan 17 2025, 08:13 PM

On my way
****
Senior Member
653 posts

Joined: May 2011
From: SOVIET SARAWAK
QUOTE(colmi @ Jan 17 2025, 07:36 PM)
Yes, I have more XRPs on my Tangem Wallet than in Luno.
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How much XRP you have and the price you buy during that time ?
TruthHurts
post Jan 17 2025, 08:30 PM

On my way
****
Senior Member
653 posts

Joined: May 2011
From: SOVIET SARAWAK
QUOTE(colmi @ Jan 17 2025, 08:24 PM)
Sorry, my cold wallet holdings is a secret.

But I recently transferred most of my assets in my Atomic hot wallet to my Tangem cold wallet

user posted image
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I do have trezor and Ledger cold wallet. Never try this Tangem. Is it like the cold wallet with seed phrase or other ?
TruthHurts
post Jan 17 2025, 08:43 PM

On my way
****
Senior Member
653 posts

Joined: May 2011
From: SOVIET SARAWAK
QUOTE(colmi @ Jan 17 2025, 08:35 PM)
Tangem has the option of generating a 12-word or 24-word seed phrase during initial setup.

The default is no seed phrase.

I chose the 24-word seed phrase option.

This is the main difference between Tangem and Ledger/Trezor.
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in the end still using seed phrase for recovery. Better remain with Trezor instead. I still have some my holding at ledger, will move out by next month as my ledger LCD screen start to dim a lot, hard to see the display. Maybe i need to engrave seed phrase on metal plating, currently on paper.

 

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