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 Luno Malaysia, Your experience, reviews, thoughts

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sixshot
post Jan 16 2021, 10:26 AM

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QUOTE(raynman @ Jan 16 2021, 08:29 AM)
user posted image

I didn't notice until now that there is another method of funding our MYR account in Luno.

The FPX instant transfer.

Has anyone used it to deposit MYR funds into your Luno account?

How is the experience? Instant?  smile.gif
*
Yea, instant
SUSraynman
post Jan 16 2021, 10:33 AM

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QUOTE(sixshot @ Jan 16 2021, 10:26 AM)
Yea, instant
*
How much does it cost for the FPX transaction?

sixshot
post Jan 16 2021, 11:17 AM

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QUOTE(raynman @ Jan 16 2021, 10:33 AM)
How much does it cost for the FPX transaction?
*
70sen per deposit.
SUSraynman
post Jan 16 2021, 11:30 AM

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QUOTE(sixshot @ Jan 16 2021, 11:17 AM)
70sen per deposit.
*
Thanks.

And it is free for normal bank deposit? smile.gif

onthefly
post Jan 16 2021, 03:47 PM

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QUOTE(raynman @ Jan 16 2021, 11:30 AM)
Thanks.

And it is free for normal bank deposit?  smile.gif
*
yes, but slower
luna121245
post Jan 17 2021, 09:22 AM

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QUOTE(881118 @ Jan 16 2021, 06:37 AM)
wa big fish, u get this warning coz u almost near 300k withdrawal ady?  brows.gif
*
Not yet, just want to get ready if it require any application. Dun wan money get stuck in exchange for a month
SUSlowya
post Jan 17 2021, 09:42 AM

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for trading purpose, any reason to go Luno instead of directly deal at Binance's P2P?
lukemanz
post Jan 17 2021, 12:42 PM

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QUOTE(lowya @ Jan 17 2021, 09:42 AM)
for trading purpose, any reason to go Luno instead of directly deal at Binance's P2P?
*
Your money is a bit safe/protected with Luno as it is licensed by SC.
Binance P2P may subject to scam/not safe/not protected as it is not licensed by SC.
honsiong
post Jan 17 2021, 06:34 PM

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Saw previous transactions of sending ETH into Luno cost 31305 gas.

Set 31305 gas limit, out of gas. USD 6 gone case
Set 31500, out of gas again.
Set 35000, used only 31305 gas.

Heck, mycrypto.com default gas limit into Luno deposit address is 21000, most noobs would have burnt so many ETH without knowing why.
!@#$%^
post Jan 17 2021, 07:13 PM

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QUOTE(honsiong @ Jan 17 2021, 06:34 PM)
Saw previous transactions of sending ETH into Luno cost 31305 gas.

Set 31305 gas limit, out of gas. USD 6 gone case
Set 31500, out of gas again.
Set 35000, used only 31305 gas.

Heck, mycrypto.com default gas limit into Luno deposit address is 21000, most noobs would have burnt so many ETH without knowing why.
*
not luno again doh.gif
AAmirAA
post Jan 17 2021, 08:12 PM

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Hi @mrluno. any update if you have plans to add other ALT coins?
881118
post Jan 17 2021, 10:11 PM

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QUOTE(honsiong @ Jan 17 2021, 06:34 PM)
Saw previous transactions of sending ETH into Luno cost 31305 gas.

Set 31305 gas limit, out of gas. USD 6 gone case
Set 31500, out of gas again.
Set 35000, used only 31305 gas.

Heck, mycrypto.com default gas limit into Luno deposit address is 21000, most noobs would have burnt so many ETH without knowing why.
*
i sent from coinbase to luno never got problem~
honsiong
post Jan 17 2021, 11:31 PM

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QUOTE(881118 @ Jan 17 2021, 10:11 PM)
i sent from coinbase to luno never got problem~
*
Maybe because coinbase detected the contract and guesses the gas limit well, or they just set ridiculously high gas limit + gas price. You are paying for it anyway.
jackjiajun
post Jan 18 2021, 02:10 AM

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To Luno Malaysia, any idea when gonna add more alt coins to the exchange sir?
waghyu
post Jan 18 2021, 02:13 AM

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QUOTE(jackjiajun @ Jan 18 2021, 02:10 AM)
To Luno Malaysia, any idea when gonna add more alt coins to the exchange sir?
*
Just flip using other exchange first then bring to luno ecosystem.
mrluno
post Jan 18 2021, 10:22 AM

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QUOTE(Harvey Specter @ Jan 15 2021, 01:34 PM)
Hi Mr Luno, may i know what is your stand on xrp? Will it be delisted ?
*
Hi Harvey Specter,

To answer your query, if the lawsuit result has been classified XRP as security. Luno will review the listing to remain to comply with regulations set by Security Commission Malaysia. If anything changes, we will update our customer on our webpage or via email: https://www.luno.com/blog/en/

For the time being, until there is more clarity on this case we don’t intend to remove XRP from Luno. You’re able to continue trading and transacting with it on our platform.

I hope the information above provides some clarity in this case. Feel free to contact us if you have any other concerns. Thanks!
mrluno
post Jan 18 2021, 10:23 AM

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QUOTE(luna121245 @ Jan 15 2021, 04:56 PM)
What happens if monthly withdrawal of RM300k reach? Can’t withdraw for that month or there is next tier to upgrade?
*
Hi luna121245,

Yup, you may do so.

Do let me know if you have any questions about that.

Thanks!
mrluno
post Jan 18 2021, 10:24 AM

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Joined: Jan 2018


QUOTE(penanghomes @ Jan 15 2021, 06:51 PM)
What is the fees  for Luno?

Buying ?
Selling ?

Exchange ?
*
Hi penanghomes,

We have discussed this many times in this thread.

Please use the search function.

Thanks
mrluno
post Jan 18 2021, 10:26 AM

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Junior Member
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Joined: Jan 2018


QUOTE(raynman @ Jan 16 2021, 08:29 AM)
user posted image

I didn't notice until now that there is another method of funding our MYR account in Luno.

The FPX instant transfer.

Has anyone used it to deposit MYR funds into your Luno account?

How is the experience? Instant?  smile.gif
*
Hi raynman,

Yes, it's instant.

I use it all the time.
mrluno
post Jan 18 2021, 10:29 AM

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Junior Member
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Joined: Jan 2018


QUOTE(honsiong @ Jan 17 2021, 06:34 PM)
Saw previous transactions of sending ETH into Luno cost 31305 gas.

Set 31305 gas limit, out of gas. USD 6 gone case
Set 31500, out of gas again.
Set 35000, used only 31305 gas.

Heck, mycrypto.com default gas limit into Luno deposit address is 21000, most noobs would have burnt so many ETH without knowing why.
*
Hi honsiong,

Our receive addresses require ~32k gas. Sending ETH to a Luno receive address with less than ~32k gas will result in a failed transaction (funds returned to sender).

Do let me know if you have any questions.

Thanks!

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