Hi guys.i have a balance of 0.00010678 BTC (RM7.34) balance inside my  Luno,should I buy RM50 worth of BTC from other Luno holder and then totally transfer all out to other wallet or just leave it there ? Don't know what's the fees now  from Luno to other wallet. Just want to get some opinions from you guys.

You can always find other exchanges that support Malaysia if u dig hard enough, and I can even sell at remitano with a profit around 20-25%

No need. Send direct to binance wallet. I just did it for remaining 20+. Luno Dont allow to sell if less than 0.05. but send out is possible.
Ping me if you need binance referral

the transfer fee is more expensive than the balance 

If you buy low which is below 50k, you can still make money. Looks at Luno price now 68.6k vs market price from Remitano of 51.6k. Those buying from Luno at 70k or above if transfer out will loss 18.4k instantly. That is why Luno customers prefer to wait and hope the withdrawal issue solve. That is why Luno purposely control the price very high to prevent people from leaving.

Wayyyyyyyy wayyy before IRB freeze their bank accounts, they had already have bots controlling the price, the price now is because everyone wants to sell there due to the high prices but theres barely even volume because no one can deposit money into it

The high price or i usually i referred it as conversion rate from USD to RM is really high for Luno. 2 months ago it used to be 4.23 and now 5.7 or sometime 6.3. Although Luno said they can not control the exchange price, it is based on willing buyer and willing seller which i said is totally bullshit. The high price is to make sure their customers remain in Luno and not to transfer their coins out of Luno due to deposit and withdrawal issues.

I am not too agree of no harm waiting. To me it is 50%-50% because today we can not deposit and withdraw the money but we still can send and receive coins. I may think too much but how about if the issue can not be solved and Luno Malaysia totally shutdown ? By that time, we can't even send and receive coins. Sorry, i really think of very worst case here and i am also stuck in Luno now. Big amount! 

Last resort, buy ETH/BTC with the MYR in your Luno wallet.

Transfer out if you are afraid to store it in your Luno wallet.

I'd agree with you on anonymity and ease. but i found sellers and buyers on local bit coin implementing bank like KYC!!!??? WTF? its none of their business! and on the other hand, scams galore "come meet me in a dark alley with a wad of cash" - seriously?

Kudos for a sensible statement.

I bet they didn't submit the tax submissions at all. The kimber did not reply to my question at all.

Otherwise, IRB has no right to freeze the bank account at all under the Income Tax Act 1967 if they fulfil the staturory requirements other  than running tax or did not submit the return.

i bet they just register a sdn bhd here, open a bank account and run the business... did not submit anything at all, now its LHDN later will be Kastam penalty did not apply for and pay GST.

No explanation offered about the difference between "available" funds and "balance".

I believe so. Otherwise, Kimbery did not response to my question at all. I bet they appointed the worst secretary service that did not remind them about the statutory requirements and consequences of not compliant with them.
KimberlyfromLuno

can you answer this?

I bet they didn't submit the tax submissions at all. The kimber did not reply to my question at all.

Otherwise, IRB has no right to freeze the bank account at all under the Income Tax Act 1967 if they fulfil the staturory requirements other  than running tax or did not submit the return.