dunt say i never warn u.
ETH buyers not back yet.

3x seller to 1 buyer ratio.

Okay. So most here still got oversea accounts to use on gemini.

There goes what i have learn here, total waste. Initially was quite excited due to mega sales. Even already standby ammo to buy since morning. Portfolio i think drop 15-20%, buying price premium 10-15%(which i dont buy yet). Total 25-30%? Good time to DCA down, but well....suck to be Malaysian tho.

I think the first page need bolder statement to warn Local Malaysian on cryto trade. 10-15% premium is standard.

It is still in processing now?

I requested withdrawal at 11am just now and cut off time should be 2pm and release at 3pm. The status is still in processing.

really pity Malaysians to pay 10% premium on BTC price, I can feel the pain too

Release at 3 pm ..so as per GIRO, you will get around 11PM. But normally will be in by 9.30 to 10 pm.

Sometimes their website says processing though you have received your funds.

So far fund release from Luno as per schedule for me bro.

That's why mining is better.

Send mined bitcoins to LUNO.

Sell to Malaysians at a huge premium.

Gain from mining and gain from selling.

Oh I see. Thanks for this clarification.

Are they using Maybank to send out funds?

But I want more limit and now on Level 1. Can direct send IC and proof of address sekaligus or need stage by stage?

It really depends on the period (mostly during prolonged sideways movement). My previous purchases from Luno were mostly RM100 above than global prices. When BTC falls, not many msians wanna sell, which is why it sticks to the 10-11k range, these guys know it will rebound back within days (if not hours)

Anyone knows what is the former name of Luno?

everything on first page is very much relevant

wait i get my malaysian account first, then you can buy from me

I charge a bit more only

luotang another whaler reside outside malaysia and earn nice salary


hahahaa

Luno (formerly BitX) Bitcoin Exchange and Wallet


What i know is that i fund my Luno RM5 then use all buy bitcoin they charge RM0.10 ...the coins you receive value RM4.90

Then every deposit they charge you RM0.51 i think coz my bitcoin come in from Genesis Mining kena charge that rate

No I am in MY
I just bought BTC at RM 11000++ through Luno, not much choice
I saw Polo was only USD 2300++

Actually, I just checked with XBit Asia about 30 minutes ago, and the lowest sell price was only about 3% higher than the global average price I saw on Coinmarketcap.
Personally, I have not seen a 15% premium before.

One thing that crossed my mind is that maybe (just maybe) the prices in Malaysia are delayed and not as quick as the global average, hence when prices are dropping, the prices on Malaysian exchanges don't drop as fast, so you will be seeing a larger difference.

Another thing to note is that we should never use the global average as a true gauge for our own buy prices, that will just get you depressed and frustrated.
Most countries' prices fluctuate 3 - 5% above or below the global average prices anyway.

nobody wants to keep your MYR.
they gotta change our MYR back to USD wan, if our currency is unstable, then they got to factor in FX risk.
so get used to shitty MYR

Don't refer to polo's USDT price, it's 1.03 1.05 now.

Check Gemini, GDAX and Coinhako for a better comparison.

This post has been edited by WooTz: Jun 15 2017, 05:58 PM

Aaaa... shucks. Even BTC on standby can't do much. Not much discount except for those coins tied to USDT on Polo. Should have converted some to USDT earlier.

If you see USDT, it spiked past one day: https://coinmarketcap.com/assets/tether/

Oh well, learn a new thing today. Next time will be ready and standby both BTC and USDT!

oh ya forgot Polo is USDT
Anyway I just closed my eyes and bought on Luno, if think too much then ended up buying nothing

USDT us a multiplier factor used by margin exchanges like bitfinex and polo to close arbitrage between exchanges la.
when got difference between polo and GDAX/coinbase, usdT will spike

Not also because of traders/investors running to USDT?

If one were to reserve some USDT today, would have made a killing buying discounted coins.

That's usdt yo.