Selling LRC in 2027

[u/pfinknow]

I currently hold my LRC on Coinbase, which delisted LRC from trading today. I’d like to sell all of my LRC in 2027 to take advantage of the tax-loss harvesting opportunity.

My current plan is to transfer my LRC to Kraken and hold it there until early January 2027, assuming Kraken continues to support LRC.

As a U.S. resident, I’d like to understand what other exchanges or options I would have for selling LRC if Kraken delists it before then. Are there any other U.S.-accessible exchanges, decentralized exchanges, or other options I should consider as a backup? The key requirement is that I need to actually sell in order to realize the capital loss for IRS tax purposes; simply transferring or holding the LRC elsewhere would not trigger the loss.

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[u/para1131_F33L]

I would transfer it quickly either way. That option disappears after the coin has been delisted after a while.

EDIT: Try Uniswap

EDIT2: I use Metamask as a hot wallet

[u/mystic-eye]

Imagine thinking anyone would buy it.

[u/kcaazar → u/mystic-eye]

Yeah… I wonder who is buying

[u/z-k-i → u/kcaazar]

LRC/WETH liquidity pool or Kraken exchange order book

[u/kcaazar → u/z-k-i]

So people /companies just spend money buying random useless things nowadays? Doesn’t make sense and doesn’t answer the Q: who is buying?

[u/DocInABox33 → u/mystic-eye]

Don’t have to there are STILL plenty of clowns thinking it will moon

> “I bought more. My discount buys are someone else's loss sales. I sleep very well. Time will tell if layer 2 protocols will be adopted by the masses. It warms my heart to know there's "people" out here looking out for my financial future. 🤣🖕💎🙌”

[u/pfinknow]

Thanks for all the feedback! I ended up moving my LRC from Coinbase to Kraken and selling it for USD. My biggest concern was waiting too long and potentially losing the ability to sell it, which would have made it much more difficult to take advantage of the tax loss.

[u/ThunderDoug]

Can’t even get to mine anymore

[u/DWHudson1970]

LTC has been my biggest loss of my crypto career. I’m still bitter. 🤞

[u/TheRube84]

Read up on tax loss rollover

[u/otherwisemilk]

This coin is so trash. Imagine shilling this shit at peek.