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 Luno Malaysia, Your experience, reviews, thoughts

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jack2
post Feb 7 2018, 03:14 AM

Mr
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QUOTE(mrluno @ Feb 6 2018, 11:28 PM)
Hi guys,

My name is Aaron and I've recently joined Luno as their community/marketing guy for Malaysia. I'm Malaysian and will be based in Kuala Lumpur. smile.gif

Just wanted to address some of the recent comments/questions in this thread. Sorry if I miss your query, if I do -- let me know and I'll respond. I'll check the forums about once a day, and try to answer everything.

1. Apologies to those who are still waiting for bank withdrawals. And sorry for being unable to provide a time frame -- it is really beyond our control that's why we can't even give estimates. Currently we are waiting for Maybank to unfreeze; and we are working hard with them on this. We really hope things can be back to normal before Chinese New Year.
2. We don't manipulate the prices on the exchange in any way. Again, it is willing buyers and sellers making bids/orders.
3. No, we're not dead/in trouble with BNM/giving up in Malaysia. Instead we'll be opening our office in KL very soon.

Do let me know if you have any questions!
*
You will kena Boom One

Enigmatic
post Feb 7 2018, 03:17 AM

Tralala?
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Joined: Jan 2005
From: Nowhere Everywhere
QUOTE(salacious fictitious @ Feb 6 2018, 11:33 PM)
how do we know you are from luno
anyone can create lowyat account easily and pretend to be them
*
I'll leave it to him to do the proving, but I know they recently hired a local community manager by the name Aaron Tang - So that bit pans out.

mrluno - Welcome to Lowyat.net, and all the best - People here can be rather censorious at times.
angelgemini
post Feb 7 2018, 08:31 AM

...
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Senior Member
1,751 posts

Joined: Jun 2005
From: Malaysia


QUOTE(icemanfx @ Feb 6 2018, 07:46 PM)
If this is a irb case, why need greenlight from bnm? If bnm is involved, could mean Maybank intend to close the account.

If irb hasn't issue clearance letter mean the case is not yet settle.
*
when deal with gov agency, means many obstacles need to settle.
not so straightforward except u got those people behind the support.
teq
post Feb 7 2018, 08:32 AM

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QUOTE(angelgemini @ Feb 7 2018, 08:31 AM)
when deal with gov agency, means many obstacles need to settle.
not so straightforward except u got those people behind the support.
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most important is of course -> coffee...
angelgemini
post Feb 7 2018, 08:44 AM

...
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Senior Member
1,751 posts

Joined: Jun 2005
From: Malaysia


QUOTE(teq @ Feb 7 2018, 08:32 AM)
most important is of course -> coffee...
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coffee also not so easy, later macc knock door already
maybe someone wanna join the games (legally) lol

both side also many spy, 1 wrong step, will kena exposed.
RC1234
post Feb 7 2018, 09:20 AM

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Msia alot of whales , brows.gif
icecoolman
post Feb 7 2018, 10:46 AM

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Luno message to transfer payment is revised everyday saying tomorrow. They are already having negative news and they still resort to such low tactics.

It even gets the public to watch out for them. At least they could keep us updated and giving us tentative dates for this.
mrluno
post Feb 7 2018, 03:43 PM

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Joined: Jan 2018


QUOTE(salacious fictitious @ Feb 6 2018, 11:33 PM)
how do we know you are from luno
anyone can create lowyat account easily and pretend to be them
*
Erm yeah, that's true. Identity is kinda hard to prove, especially on an anonymous forum.

Perhaps one way is if you take a screenshot and post on our @lunomalaysia FB page. I'll reply you from there verifying my identity. (Sounds like a primitive form of digital signatures eh?)

Another way might be, if we meet during Webinars/Face-to-face meetups in future.

I look forward to meeting you guys!
mrluno
post Feb 7 2018, 03:44 PM

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QUOTE(jack2 @ Feb 7 2018, 03:14 AM)
You will kena Boom One
*
Yeah, kinda expecting that, but also secretly hoping Lowyat members will be a bit merciful. smile.gif

Hopefully the booms will clear up once Maybank reactivates our bank account.
mrluno
post Feb 7 2018, 03:48 PM

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QUOTE(Enigmatic @ Feb 7 2018, 03:17 AM)
I'll leave it to him to do the proving, but I know they recently hired a local community manager by the name Aaron Tang - So that bit pans out.

mrluno - Welcome to Lowyat.net, and all the best - People here can be rather censorious at times.
*
Thank you @Enigmatic. Appreciate the welcome and kind words! biggrin.gif Yeah, understand forums can get rough -- but it's part of our responsibility to still be here and try to answer everyone.

Thanks again, and hope to see you man.
azam_halim
post Feb 7 2018, 04:25 PM

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Eh...wheres the previous luno lady?... now change to mr luno pulak?
RC1234
post Feb 7 2018, 04:44 PM

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QUOTE(mrluno @ Feb 7 2018, 03:48 PM)
Thank you @Enigmatic. Appreciate the welcome and kind words! biggrin.gif Yeah, understand forums can get rough -- but it's part of our responsibility to still be here and try to answer everyone.

Thanks again, and hope to see you man.
*
When we use the luno exchange , is it only malaysians using ? or do we share the same exchange with Nigeria and South Africa too ?
xmasterqq
post Feb 7 2018, 04:44 PM

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Joined: Dec 2014


QUOTE(mrluno @ Feb 7 2018, 03:48 PM)
Thank you @Enigmatic. Appreciate the welcome and kind words! biggrin.gif Yeah, understand forums can get rough -- but it's part of our responsibility to still be here and try to answer everyone.

Thanks again, and hope to see you man.
*
yo mister luno . haha. just out of curiosity, since IRB there already cleared , reactivating the account in my opinion is just a very easy step. send instruction to mbb, then reactivate, why it will take so long ? you mind to share with us what process is taking the time now? hmm.gif hmm.gif
dudester
post Feb 7 2018, 04:53 PM

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you guys should google mrluno, he knows his crypto
nitehawk
post Feb 7 2018, 05:46 PM

On my way
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Joined: May 2006


QUOTE(mrluno @ Feb 7 2018, 03:44 PM)
Yeah, kinda expecting that, but also secretly hoping Lowyat members will be a bit merciful. smile.gif

Hopefully the booms will clear up once Maybank reactivates our bank account.
*
If I create a new account, what do I do with it?

caloyness
post Feb 7 2018, 05:48 PM

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QUOTE(RC1234 @ Feb 7 2018, 04:44 PM)
When we use the luno exchange , is it only malaysians using ? or do we share the same exchange with Nigeria and South Africa too ?
*
for sure the exchange is separated for africa and malaysia.
that's the reason why malaysia exchange prices are higher than others
because our exchange got frozen.
jack2
post Feb 7 2018, 06:15 PM

Mr
********
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QUOTE(azam_halim @ Feb 7 2018, 04:25 PM)
Eh...wheres the previous luno lady?... now change to mr luno pulak?
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Ahahaha...are you sure is lady? He or she not even wanna answer my question that they didn't comply the tax statutory requirements until IRB freeze their account
copyninja4
post Feb 7 2018, 08:43 PM

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From: Kota Bharu, Kelantan



Luno app couldn't refresh for last 1 hour.
Website is ok tho...

That's mean WD will be reactivated tomorrow?
dirkgently75
post Feb 7 2018, 11:22 PM

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Mr Luno. you're a new hire, but you're representing Luno (if verified). So...

Have you any idea the damage you've caused to confidence in the local markets? Its not good enough speaking of "demand/supply" or "not manipulating the price" when Luno could've sold/allowed us to buy/sell BTC at international rates with our stuck money at your exchange. Instead you hid behind "willing buyer and willing seller" - really? Isn't there an option to buy direct from Luno? Are you not operating across various international markets? Is a bitcoin in malaysia any different from a bitcoin in London? You make it sound like it is...

Would it not have been responsible for you to sell at market rate - even at remitano or localbitcoin rate - say 10% over international markets? Instead you held our cash hostage and hid behind blaming IRB and everyone else but yourselves?

You honestly expect everyone to fall for your lies and deceit when you couldn't be transparent about OUR money? You really think people should trust you with their money? whether its speculation or investment or gambling isn't the question here - its about placing trust on a platform, a business. You made us go thru KYC for deposit and withdrawal limits. You charge exchange fees. You charge extra when buying direct from Luno. You charge transaction fees. Its not charity, its not a favor. Its business.

Yet you play fast and loose with our money when you have it on your exchange. Your exchange prices - if not manipulated were what then? You scalped your customers, or, at the least, made them bear the brunt of your misdeeds with local banks and authorities. People lost out on opportunity and access to funds, or the ability to cash out when they may have needed to. This wasn't a market problem. This wasn't an "investment risk" issue.

It IS downright dishonest AND criminal. And you're being deceptive to suggest otherwise. The least you could've done was be transparent, the most is restitution but I do not expect that from CROOKS. Look at the Japanese exchange, coicheck: they were contrite enough to immediately ensure their customers were recompensed... Luno... lies or silence.

Keep in mind... people may be fooled, but the internet does not forget. Your Malaysian customers would be downright STUPID to ever trust their cash or crypto assets with you lot again.

Oh... and welcome...
dirkgently75
post Feb 8 2018, 01:32 AM

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QUOTE(dirkgently75 @ Feb 7 2018, 11:22 PM)
Its not good enough speaking of "demand/supply" or "not manipulating the price" when Luno could've sold/allowed us to buy/sell BTC at international rates with our stuck money at your exchange. Instead you hid behind "willing buyer and willing seller" - really? Isn't there an option to buy direct from Luno? Are you not operating across various international markets? Is a bitcoin in malaysia any different from a bitcoin in London? You make it sound like it is...
*
let me spell it out for you: Luno ensured that they were holding peoples money hostage by artificially inflating the price-so people wouldn't be able to withdraw funds by buying bitcoin and exiting your exchange

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