luno btc wallet

BTC too volatile lah...thats why u need to pay premium for it...next second up n down USD 1k.....like musang king...one day 100 per kg ...all of a sudden 48 per kg......

Correct i m pissed off by the premium rate charged by luno,  remitano n localbitcoin.  The premium is always around 20% above global rate.

After some calculation,  i noticed they are using 5.0 uad to myr ex rate for the price.  I saw remitano usd rate selling at 5.0. Calculate backward is about same btc selling price.

You are absolutely right about it.

Only touble is the difficulty in making fast decision when viewing the lightning fast price changes at the global exchange.

Localbitcoin very expensive leh. Still rm68xxx when it's suppose to be just rm58xxx

The problem is that what if the buyer forge a fake proof of transaction, then lodge a dispute to remitano and said he/she already do the bank transfer. What if remitano could simply trust a fake screenshot from the scammer and then release your bitcoin?

Remitano is rather safe, because Remi will hold the seller btc.
The trade only go through if both side approve, if seller refuse to approve after u bank in he wont get back his btc.

what do you mean by "again" ?

problem is Binance TRX/BTC page cant even move. keep crashing lol.

“All traders should adhere to the Malaysian tax requirement by keeping proper records for audit purposes and disclose any transactions from the cryptocurrency trading when requested by IRB,” he said.

Usually IRB places the burden of proof on your end, and starts from the perspective that what you have is taxable. So one needs to proof that you're not trading full time.

E.g.
If I have a stable day job, with occasional low volume buy sells, and one day I withdraw a lum sum 1m MYR from selling Bitcoins - then it would be easier to justify it as capital gains.

Not tax advise though, just from experience - best to check with your tax consultant.

U need to check the price.. of course going for highest one.