Deal has ended, view more OkCoin deals by clicking here.
The Offer
- Crypto Exchange OkCoin is offering $50 in USDC when you move $30+ USDC using Stellar USDC
The Fine Print
- Valid until February 28, 2022 for the first 1,000 customers that qualify
Our Verdict
I hate deals that are only for the first xxx people. Deal is a bit too complicated for me so I’ll give this one a miss.
Hat tip to reader Zeus
OMG…so I ended up getting this $50! I tried again later in the day after the original fiasco, sure that I wouldn’t get it but I did. Woo, thanks DoC!
I got notice that I got 50 USDC for completion of this promo. Nothing for the POKT promo
I already had a cex.io account set up, which uses Stellar, so I just bought and transferred the USDC using that. With their minimum amount using instant buy ($50 USDC), the fees were about $2.66, not considering whatever I’ll gain/lose selling it
And if anyone’s still considering this deal, I got an email today begging me last-call to do their promo, so there’s probably still spots left
Anyone getting a bunch of spam tokens being sent to their wallet now? I received a bunch of VISA, MC, and DONG lmao
Are they worth anything?
STILL WAITING FOR THEM TO PAY ME FOR THE LAST PROMO LOL
If they did not complete this, can you contact me on Reddit via DM? Thank you.
Steps to achieve Promo
1. Create Lobstr Wallet. My promo if you choose to use [removed]
2. Use either Coinbase or OkCoin to buy $35 worth of Stellar XLM
3. Send that XLM to the Lobstr Wallet
4. Enter public key. If the service that you are using to send transactions requires you to specify a memo when sending funds to your LOBSTR wallet, you can safely enter “Lobstr” there.
5, Swap the $33 worth of XLM which is about ~150 XLM to USDC
6. Withdraw your USDC to OkCoin via the XLM network
How are you sending any money to Lobstr? OkCoin requires an XLM memo. There is no memo to on Lobstr. I can only see my wallet’s public key.
I recommend the memo “Lobstr sticks to magnet”
I got some stellar. But it’s currently at -70%. 🥲
That’s not that bad though. I think it was over -90% last month. 😑
Gave up, I guess I transferred too many of my assets to USDC on the lobstr wallet? Kept saying I didn’t have enough to complete the send over to OKCoin and then when I tried to convert back to XLM it wouldn’t complete that transaction either, said I don’t have enough XLM…ugh. I guess converting only $31 like Davis said below is key
Moonpay wouldn’t accept any of my CC’s or DB cards for payment, couldn’t do it in house there
I got burned with a FTF on my Presidential debit card with Moonpay in the past so I’ve learned to use my Varo debit card since that doesn’t have an FTFs. I would try a few more debit cards. The deal is complicated so I doubt others have figured it out already. Seems like a pretty sure $20-$30 profit.
@davis I don’t really keep extra funds in my other accounts (bad churner, bad) and since I was late to the party, probably was not one of 1st 1000. HOWEVER found your twitter/referrral via this whole situation, will be checking that out and setting my own up. This is worth a lot to me, probably gonna be more than $50 USDC in the long run yaknowmean?✌️
Davis
Bought the XLM on Lobstr via Moonpay since that was quicker than ACH’ing funds and then figuring out how to transfer XLM to Lobstr. I recommend buying $40 of XLM. There is a referral for Lobstr for 1000 Aqua (~$3.30) that will partially offset the fee with buying the XLM on Moonpay. Note that Moonpay is headquartered in Dublin so there will be foreign transaction fees. Then convert $31 of XLM to USDC. Use the leftover XLM to facilitate the transfer. Once you get the 1000 Aqua in a week or so, sell it to XLM and then have them transfer your XLM to another account to sell that.
Ehhh… AQUA is an untracked Crypto project on coinmarketcap. The project is a micro-cap project according to Coingecko. Also illiquid. Not really worth the hassle for 1000 AQUA.