Yes, Luno is available in Malaysia, and can deal in Ringgit.
However, I believe it is only dealing with BTC.
There is currently no way to sell ETH directly over Malaysian online exchanges. You'll have to sell it on an international exchange and convert to BTC first.
Or sell it directly to somebody you know and trust.

To be honest, I've not used it personally, so I cannot comment on that.
However, I've heard many stories and feedback from people who got scammed on Localbitcoins, because it is basically just an online P2P platform, and you have to deal with the other party by yourself.
Localbitcoins do serve as an escrow service, and they do have some measures in place to try and prevent fraud, and there are also many satisfied customers, so I can't really say that it is not safe either.
Perhaps you can get a better feedback from the other forumers here who have actually used its services.

Personally, I wouldn't touch it.
Looks like a FOMO pump and dump case to me.
Normally it just trades at a very low volume, normally below 2 BTC......I wouldn't risk my money with that kind of low liquidity.
Good for traders though, I guess.

BTC slowly inching up, while ETH is slowly leveling down.
Looking good.
If this persists, I should be able to get some more ETH at more "reasonable" prices soon.

All out of bullets......

You can start with any amount you are comfortable with.
In fact, for newbies, it is strongly encouraged to start small first and gradually build up, because you first need to learn how to navigate on the various different exchanges, etc. and always bear in mind that confirmed transactions on the blockchain are NOT REVERSIBLE.
So, you need to start by buying small amounts, and trading small amounts first.
RM 100 is a good place to start.

Stellar (STR) is the old name, which has since changed to Lumens (XLM) over a year ago.
But strangely, Poloniex still retains the old name STR for its exchange.
So, technically, you're not wrong.

I just did a quick calculation on my holdings, and realised that my cryptocurrency allocation has shifted quite a bit since I started.

BTC 40%
ETH 40%
Various altcoins 20% (majority in XMR, LTC, EMC2 and NAV)

And due to the sudden meteoric rise of cryptocurrencies, they now represent more than 50% of my life savings.
Not sure what I feel about that, but the past 2 months have definitely been surreal.
Wow.

This post has been edited by wengherng: May 8 2017, 06:44 PM

Don't worry about starting small.
You can buy in very small fractions, up to eight decimal places, so technically speaking, you can even start with RM 1.

Yup. Influenced by your incredible enthusiasm in accumulating altcoins. Hehe.

To be honest, I don't think mining is worth the effort anymore.
The returns you get will barely cover your operating expenses.

Hmmm......you're right, Polo is down.
Very suspicious.
Especially right during a mega bull run.
A few weeks back, there was only around 70k BTC trading volume and yesterday it was well in excess of 400k BTC.

To be honest, this whole bull run thing sounds too good to be true, too euphoric.
We're still undervalued, the whole cryptocurrency industry, but money is being dumped in by the truckloads every day, too fast.
I still believe there will be a massive correction soon, when the weak and nervous investors start cashing out their profits, and then it will be mega sale discount time!

Meanwhile, I think I will sit this one out for the time being.

This post has been edited by wengherng: May 9 2017, 11:23 AM

How does that work?
I thought exchanges are just platforms?
If someone wants to sell their bitcoin, they have to put it on the exchange first, so how do exchanges "run out of bitcoin "?

I know it is very exciting to trade on coins that are experiencing massive bull runs, but please exercise extreme caution and do your own due diligence before putting your hard earned money on them.
In this early infancy stage of cryptocurrency, prices are still highly volatile, and you could just as easily lose 80% of your investment as you could gain 80% in a day.
Only invest whatever amount you are prepared to lose.

In fact, looking at the way things are going now, I'd recommend buying and holding, rather than doing quick trading.
Good luck everyone!

Yup, in fact we should perhaps put it as the FIRST section before anything else.
Sort of like a disclaimer.

That's only a 0.1% difference.
In cryptocurrency terms, that's nearly nothing.
During a volatile market, prices can fluctuate up and down by 10% or more within a matter of minutes.
Do not be alarmed by these fluctuations.
If you believe in cryptocurrency, just hold on to it.
It will serve you well in the long run.

With over 100 billion coins in existence, and more than 5 billion added every year, and relatively little real life practical usage, I don't think I will be putting my money into Dogecoin anytime soon.
But that's just me.

Don't get too emotional about it, whether good news or bad.
Just identify how much in total you want to invest, say RM750 or RM1k or whatever, and stop once you hit that number.
Then don't look at it anymore.
You need to keep your emotions out of investing, otherwise investing in cryptocurrency will definitely give you a heart attack.

Due to the scalability issue with bitcoin, during periods of very high transactions, there will be massive congestion.
Especially if your transaction does not offer a high enough transaction fee, it could take not only hours, but days even, for your transaction to clear, as all the other transactions with higher fees will be given priority.
I had an experience where I sent some bitcoin but due to some technical issue, the transaction fee was not set high enough, and my bitcoin got dumped into the mempool for 2 days without any trace.
After more than 48 hours in limbo, I got the message that the transaction was finally rejected and pruned from the database, and subsequently it returned to my hardware wallet.
So, let's just say that at the current moment, anything below 30 minutes is good, and anything below one hour is still considered normal.

Sending bitcoin from any one address to any other address (be it another exchange, or online wallet, or hardware wallet, etc.) will incur transaction fees.

Yesterday was the first time that I saw each and every single coin on Poloniex being in the red......
Some pretty good discounts there, but unfortunately no more money to buy in.
Yup sure, let me have a look at it shortly.

Buy BTC from either Luno or XBit Asia, then send to any international online exchange to trade for ETH (Poloniex is the most popular, but there are many others, like Bittrex, Kraken, etc. so do shop around).
If you have a Singapore bank account, you can also buy ETH directly using SGD.
Start small, do not be pressured to buy one whole bitcoin, as you can buy fractions of it.
The smallest denomination is 0.00000001 BTC.
But......note that when you send your BTC to another address, there will be a transaction fee, which is something like 0.0004 BTC or thereabouts, so it does not make sense to send too small an amount either.

This post has been edited by wengherng: May 10 2017, 10:27 AM

I am not sure, but when you transfer from Luno, I believe they will deduct the transaction fee from your remaining balance at Luno, not from the amount you transfer.
For example, you have 4 BTC at Luno, and you transfer 2 BTC to Poloniex, you will get 2 BTC at Poloniex and (2 - 0.0004) BTC remaining at Luno.
Technically speaking, transactions with zero fees are also possible, but with the massive congestion these days, such zero fee transactions will most likely be ignored by miners and the transaction will never get confirmed.

Be wary of any additional charges and fees if you buy using credit card.
However, if there are no additional charges, and the rate you get is as good as (or better than) converting from bitcoin, then why not?
At least if you buy direct, you know the exact amount you will be getting.
If you convert from bitcoin, you have an uncertainty risk that the BTC/ETH rate might go up or down by the time you trade.

Nobody can tell you that, unfortunately.
But consider it this way......if BTC were to reach USD 10k or more in future, would it matter so much whether you bought at USD 1700 vs USD 1500 now?
Really, it depends on how much confidence you have in the future of BTC.

At first glance, I thought you said "bullshit"......