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 Luno Malaysia, Your experience, reviews, thoughts

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pakdamek
post Dec 20 2017, 04:13 PM

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QUOTE(mtnglacier @ Aug 9 2017, 01:15 AM)
Hi,

Can someone please shed light on Luno Malaysia's reputation among Malaysian bitcoin traders? I'd like to hear out your reviews, thoughts, and experience dealing with Luno Malaysia before using it to trade large amount of money.

Thanks
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couldn't withdraw money for almost 6 days already. They said that the bank is blocking it.

i'm in panic mode now shakehead.gif shakehead.gif shakehead.gif
yei09
post Dec 20 2017, 04:14 PM

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QUOTE(eg_9525 @ Dec 20 2017, 04:11 PM)
looks like LUNO having problems since yesterday till now...

Bank Deposits & Withdrawals Unavailable
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Luno has been having withdrawal and deposit issue since last week. Most probably their account got frozen my BNM and triggered the ALM.

See https://luno.statuspage.io/incidents/lzzrvb1mq51y .

Safest way is to withdraw btc/eth out into your wallet or other exchange until Luno settle this issue.
Kilohertz
post Dec 20 2017, 04:15 PM

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QUOTE(pakdamek @ Dec 20 2017, 04:13 PM)
couldn't withdraw money for almost 6 days already. They said that the bank is blocking it.

i'm in panic mode now  shakehead.gif  shakehead.gif  shakehead.gif
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Yea, suddenly this shit happens.. I guess like what others have shared earlier, probably BNM is coming from the angle of money-laundering..
Kilohertz
post Dec 20 2017, 04:23 PM

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QUOTE(cywings @ Dec 20 2017, 11:57 AM)
same here for me.. transferred ETH from Luno to Blockchain wallet. Took a short while to complete and
it finally showed up in my Blockchain wallet.
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How to set this up yea? if transferred to blockchain already, can withdraw as usual?
yauyau83
post Dec 20 2017, 04:41 PM

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QUOTE(OcHaa @ Dec 20 2017, 01:59 PM)
transferred 0.2btc from luno to binance yesterday night
within 30 mins transaction done
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How much was the fees?
yauyau83
post Dec 20 2017, 04:47 PM

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QUOTE(OcHaa @ Dec 20 2017, 04:45 PM)
pretty standard RM70
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Thanks, that's high.... used to be RM2X
yauyau83
post Dec 20 2017, 04:52 PM

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QUOTE(OcHaa @ Dec 20 2017, 04:49 PM)
been rm 60- rm 80 for over 2 months bro
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Haha yea I have not transferred anything for more than 2 months, guess it's safer to transfer out until they solve the bank issue.
jack2
post Dec 20 2017, 05:21 PM

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who has BTC in luno, can sell to me at current price as in Luno
nikazwa
post Dec 20 2017, 05:48 PM

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I opened my account with coinhako today and managed to transfer some of my btc from luno to coin hako.it was quite fast actually. I should have opened coin hako much earlier

Another thing they responded quite fast to customers queries
yei09
post Dec 20 2017, 05:58 PM

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QUOTE(nikazwa @ Dec 20 2017, 05:48 PM)
I opened my account with coinhako today and managed to transfer some of my btc from luno to coin hako.it was quite fast actually. I should have opened coin hako much earlier

Another thing they responded quite fast to customers queries
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Their price is at a premium for BTC/ETH right and i don't think they're an exchange like luno. Can help to confirm ah? smile.gif
blu3chip
post Dec 20 2017, 06:14 PM

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For you to decide..

Throughout the entire day, USD/BTC was hovering ~$16.3k

@6pm USD/BTC hit $17k, and has maintained a smooth upward graph

Luno on the other hand, still reflects a downward graph which does not match the real-time value (at this point you are still at a loss, while the whole world is going up).

Not sure if there are underlying reasons to why this is happening but trust for their service is definitely LOW on my end!
alikato94
post Dec 20 2017, 10:32 PM

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QUOTE(nikazwa @ Dec 20 2017, 05:48 PM)
I opened my account with coinhako today and managed to transfer some of my btc from luno to coin hako.it was quite fast actually. I should have opened coin hako much earlier

Another thing they responded quite fast to customers queries
*
awwhh crap i click the withdrawal without reading about the news, i fucked up lol

now it says gonna pay at least this friday.
i cant transfer to other wallet already.
other user also said still got no monehhh awwwhh damn i make a wrong move.
Later IF Luno really got prob, rip my money lol. first nicehash, now this bangwall.gif
vanillapire
post Dec 20 2017, 10:35 PM

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Lousy exchange !!!
Dump everything asap
kalvin9786
post Dec 20 2017, 10:48 PM

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Just try avoid using this exchange
The fees they charge on maker fees is 1% which is extremely high and the sending fees is high compared to other eg i was sending 0.002 bitcoin which worth myr 200 and the fees needed to send 0.00159
oOoproz
post Dec 21 2017, 01:50 AM

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Is there anymore platform that can use for Malaysia? I know currently Luno is under investigation and we are not able to deposit or withdraw money
Mr_47
post Dec 21 2017, 01:54 AM

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eg_9525
post Dec 21 2017, 07:05 AM

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Looks like LUNO going to have a big problems.!!!!
rEDs
post Dec 21 2017, 08:43 AM

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QUOTE(eg_9525 @ Dec 21 2017, 02:05 AM)
Looks like LUNO going to have a big problems.!!!!
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Please elaborate with fact what is the problems?
At least luno giving fact at their status page.

jack2
post Dec 21 2017, 08:49 AM

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QUOTE(rEDs @ Dec 21 2017, 08:43 AM)
Please elaborate with fact what is the problems?
At least luno giving fact at their status page.
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I believe his meant to be they keep on delaying the issue because they can't reach the settlement with Maybank or BNM.

Luno should be banned because they are cheating customers.
alikato94
post Dec 21 2017, 10:06 AM

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QUOTE(jack2 @ Dec 21 2017, 08:49 AM)
I believe his meant to be they keep on delaying the issue because they can't reach the settlement with Maybank or BNM.

Luno should be banned because they are cheating customers.
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At the end they might just run away coz cant settle up this problem. I doubt they can settle this kind of stuff as govern didnt approve crypto currency in malaysia

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