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 Luno Malaysia, Your experience, reviews, thoughts

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ericlaiys
post Feb 15 2018, 08:33 PM

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QUOTE(jack2 @ Feb 15 2018, 08:13 PM)
I will.do the same after their bank account is reinstated for withdrawal.
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then u will get tax (start 1st march). dont think withdrawal allow earlier
ericlaiys
post Feb 15 2018, 10:59 PM

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QUOTE(jack2 @ Feb 15 2018, 10:50 PM)
Tax is calculated on withdrawal amount and not based on profit?
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how do they know that u earn profit? So it like GST, you buy - Tax 6%
so the way i look from here, easy part is tax on buying and sellling transaction. Dont care u profit or not. Concept is similar like KLSE

This post has been edited by ericlaiys: Feb 15 2018, 11:00 PM
ericlaiys
post Feb 15 2018, 11:37 PM

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QUOTE(jack2 @ Feb 15 2018, 11:06 PM)
i didn't know the concept of KLSE. Mind to elaborate?
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KLSE will include some sort of fees and tax on each transaction.
This including with dividend pay out as well. To summarise, tax on buying, selling & get dividend
ericlaiys
post Feb 15 2018, 11:37 PM

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QUOTE(jack2 @ Feb 15 2018, 11:06 PM)
i didn't know the concept of KLSE. Mind to elaborate?
*
KLSE will include some sort of fees and tax on each transaction.
This including with dividend pay out as well. To summarise, tax on buying, selling & get dividend
ericlaiys
post Feb 25 2018, 11:39 AM

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i submitted to close account last 2 week but still no progress. better dont use their exchange. dont understand why people still want to use an exchange that has bank frozen.
ericlaiys
post Feb 27 2018, 08:10 PM

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QUOTE(mrluno @ Feb 26 2018, 05:46 PM)
Hi YellowGeneration, currently the issue is internal within Maybank, but we are working to resolve this asap. Regarding another bank partner, we are already looking at all possible options.
Hello Ericlaiys, if you don't mind -- could you PM me your ticket support number. I'll send a reminder to our support team to get back to you asap. Thanks.
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my ticket -Ticket Received - [#396110] . very poor support response
ericlaiys
post Mar 2 2018, 07:48 AM

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QUOTE(mrluno @ Feb 28 2018, 02:37 PM)
Hi Eric, after checking -- our customer support team are waiting for your reply (email sent on 15th Feb). They have resent you another one today. (Please check your spam folders if you can't find it?) Thanks.
Hi, unfortunately all I know right now is the internal decision is within the bank. But our senior management continues to chase them hard for the reopening. Understand the wait has been terribly long. We are sorry, and will continue to chase this.
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Come on dude, already replied to close account, email replied but still account not close. So simple step but your support took almost going a month to close an account.
this shown how good your side do work to resolve a case

This post has been edited by ericlaiys: Mar 2 2018, 07:49 AM
ericlaiys
post Mar 6 2018, 10:02 PM

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QUOTE(mrluno @ Mar 2 2018, 06:21 PM)
As far as we're concerned, we have always been transparent and played by the rules with authorities and the bank. Hence, it is very frustrating for us as well. sad.gif
We will continue to chase for this with Maybank. However, as per our latest status message -- we are also talking to other banks in parallel.
Hi wildan,

Yes, as per our latest status message, we are already talking to other banks in parallel. It would be great if we had multiple bank accounts to transfer as you mentioned. However as this is a really new industry (and perhaps the banks are very cautious too), it is taking a while. Thanks a lot for the suggestion.
All customer funds remain safe in the Maybank account. We would never do something like this. (Actually hypothetically speaking, Malaysia has strict capital controls so even another foreign company who might want to do this wouldn't be able to.)
Hi Eric, we just received your email response on Wednesday. Hence are working on it right now. Thanks.
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tomorrow mark a week (Wednesday). Yet my request to close account is still unknown. Hello luno, how hard to click a button "CLOSE"
ericlaiys
post Mar 13 2018, 06:46 PM

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QUOTE(jack2 @ Mar 6 2018, 10:26 PM)
Be patient.. smile.gif

Are you IT guys?
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another week has passed. I dunno how long i need to patience. Probably i need to wait a year.
yet my account not close
ericlaiys
post Mar 13 2018, 06:48 PM

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QUOTE(mrluno @ Mar 13 2018, 11:47 AM)
Yup -- agreed for withdrawals. Just finalising the details with them, and we will issue a detailed statement for all customers as soon as possible.
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mr luno. can you explain why after a month my account still not yet closed?
ericlaiys
post Jul 14 2018, 12:40 AM

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QUOTE(spy1hitman @ Jul 13 2018, 10:43 PM)
why cannot recover my email? they say they gonna send me SMS but already WEEK but nothing. now i lost all MONEY inside LUNO.
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U need to be patience when deal with luno. My previous experience to close an account took almost 2 month.

ericlaiys
post Nov 21 2019, 01:24 PM

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QUOTE(ronn77 @ Nov 20 2019, 02:55 PM)
I did tried to register with Luno but it stated not available in your region. Is that means for time being they are not accepting new applicants?
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i just sign up yesterday. it is working
ericlaiys
post Nov 26 2019, 10:27 AM

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QUOTE(abdrahib @ Nov 26 2019, 08:53 AM)
So you mean ok,to trade...buy/sell crypto to fiat.
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yup. can
- buy
- sell
- deposit
-withdraw
- register new account

right time when btc is dropping

ericlaiys
post Dec 7 2019, 07:44 PM

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look like some people to start to join luno based on volume increase. price is stable right now.
ericlaiys
post Dec 9 2019, 07:04 PM

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Ripple coin coming to luno next year:- https://www.lowyat.net/2019/201371/luno-pla...-by-early-2020/
ericlaiys
post Dec 17 2019, 07:00 PM

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QUOTE(raynman @ Dec 17 2019, 06:25 PM)
I just received this in my mailbox.

I have always wanted ETH trading in Luno.  smile.gif
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no buyer and seller...lol
so empty the trading
ericlaiys
post Dec 18 2019, 07:39 PM

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oh my good...did not expect it available on shopee...Can use coin to redeem?
ericlaiys
post Dec 19 2019, 10:49 AM

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QUOTE(yushin @ Dec 19 2019, 10:09 AM)
Try bought RM100 worth of btc from shopee using my credit card, it works.
But max per shopee transaction is rm200. A bit small haha.
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can we buy more than 1?
ericlaiys
post Dec 23 2019, 10:45 AM

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QUOTE(annoymous1234 @ Dec 23 2019, 09:23 AM)
Have u solve the issue? Coz I was thinking of buying from shopee also
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existing customer no issue.Tested myself. i heard new customer need to reload/buy an additional 100 before can get the promo that they buy on shopee
ericlaiys
post Dec 23 2019, 12:17 PM

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Luno new contest start today .
To enter, simply buy or trade at least RM100 worth of either Bitcoin or Ethereum from 23 December 2019 to 9 February 2020. You’ll automatically be put into a draw, with the following awesome prizes up for grabs:

Grand Prize: 1x iPhone 11 Pro 256 GB
Runner-up: 3x iPhone 11 128 GB
Consolation prizes: 50x RM100, paid in Bitcoin

TNC published here:- https://www.luno.com/help/en/articles/11000080664

This post has been edited by ericlaiys: Dec 23 2019, 12:20 PM

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