I signed up here's a little review for all as a newbie.
I noticed it has only BTC? I prefer a platform that can do MYR > ETH/BTC/etc > MYR.
They asked for my NRIC and hp no verification. I noticed after keyed in first time the NRIC, there is no where it can be edited, even if you type in wrong IC number. wtf?
Downside is Luno only has RM5k limit, above it you need to provide documentation for verification. I find for a crypto, they ask for too much private info.
Also no where i can find to delete account, I like my info deleted whenever i like, but not allowed.
On spread, it says 12 bits on today Saturday, that's about 0.14%, so you'll pay RM14 for RM10k purchase, assuming no commission imposed, which i don't see they mentioned it anywhere?
On security, after you bought your BTC, pretty sure Luno has your BTC info, how would this be actually secured?
"Deposits and withdrawals must be made using a bank account that belongs to the same person who owns the Luno account." Doesn't that sounds like a fiat system to you? Knowing that, I don't think i can move my bitcoin wherever i want after bought with Luno.
well , u can move ur bitcoin to another private key and then to another private key
even they have ur 1st bitcoin trail, the 2nd bitcoin trail they wont able to capture
yeap, of course, incur more fee...