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 Luno Malaysia, Your experience, reviews, thoughts

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jack2
post Sep 8 2017, 06:44 PM

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QUOTE(ckdenion @ Sep 8 2017, 06:37 PM)
the fee just increased?  hmm.gif lemme take note at my next withdrawal.
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Yes. It has been there since 1-2 weeks ago and before, the fee is just 0.0001 or 0.00007
homicidal85
post Sep 9 2017, 12:52 PM

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QUOTE(jack2 @ Sep 8 2017, 06:44 PM)
Yes. It has been there since 1-2 weeks ago and before, the fee is just 0.0001 or 0.00007
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any suggestion for a better alternative?
AdLunam
post Sep 9 2017, 05:28 PM

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QUOTE(ckdenion @ Sep 5 2017, 11:25 PM)
Coinhako is something like Luno that can directly purchase ethereum with MYR?
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You can only buy btc via Luno whereas you can buy both btc & eth via Coinhako with MYR
AdLunam
post Sep 9 2017, 05:32 PM

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QUOTE(jack2 @ Sep 7 2017, 01:41 PM)
Luno sucks

user posted image

The BTC withdrawal fee is 10X higher than before.
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What to do? We have really limited exchange to buy from with MYR sad.gif

That's why I am opening a bank account in Singapore. At least I won't be limited by my choice of exchange
teanu
post Sep 9 2017, 07:47 PM

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QUOTE(AdLunam @ Sep 5 2017, 10:32 PM)
From Luno website....

How does a limit order work and what are “maker” and “taker” orders?

Maker & Taker Orders
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Much thanks! icon_rolleyes.gif
bloodchow2
post Oct 10 2017, 01:22 AM

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QUOTE(cnnmccurry @ Oct 10 2017, 01:03 AM)
What u mean fast deposit...u mean withdraw btc to ur malaysia bank account kahhh
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time taken for the exchange to receive your money in "RM"

luno : 2 hr
xbit asia : 1 day
remitano : 5min
localbtc : 5min

this is from my experience, fast time deposit is important especially during bitcoin crash/pump or high volatility
CE|C93
post Oct 10 2017, 12:22 PM

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Withdraw it during Sunday will be lower.
fuzzy
post Oct 13 2017, 04:33 PM

*pew pew pew*
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Is there anyway to reach them for a better response? My account got locked out and no one seems to be responding.
Mikeyz
post Oct 14 2017, 08:52 PM

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Hi all.any advice on the coming fork on Bitcoin and is our BTC in Luno safe to keep? Should we keep of from any trading or transaction after the new BTG fork & followed by B2X fork? Do share .
dummies
post Nov 3 2017, 09:19 PM

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I have a US bank account but i am a malaysian, can i open an account at Kraken and then send all my BTC there, go to kraken exchange, exchange BTC to USD and then do a ACH transfer to my US bank account? How much Kraken charges to do ACH withdrawal to a US bank account?

This post has been edited by dummies: Nov 3 2017, 09:20 PM
clementlss
post Nov 13 2017, 04:40 PM

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QUOTE(dummies @ Nov 3 2017, 09:19 PM)
I have a US bank account but i am a malaysian, can i open an account at Kraken and then send all my BTC there, go to kraken exchange, exchange BTC to USD and then do a ACH transfer to my US bank account?  How much Kraken charges to do ACH withdrawal to a US bank account?
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Hi all, anyone here ever withdraw from luno? What’s the max myr per day anyone tried?
~LynX~
post Nov 14 2017, 08:56 AM

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QUOTE(clementlss @ Nov 13 2017, 04:40 PM)
Hi all, anyone here ever withdraw from luno? What’s the max myr per day anyone tried?
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The transaction limit for Luno depends on your verification level.

By the way, if anyone has signed up to Luno but hasn't added a referrer code, can PM me, thanks. smile.gif
SUSlowya
post Nov 14 2017, 09:06 AM

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QUOTE(bloodchow2 @ Aug 30 2017, 03:07 PM)
luno is fine, rate is better than remitano/localbtc

luno

pros : fast deposit (1hr) and good rates
cons : centralised and may take more than 1hr to settle deposit

remitano

pros : fastest deposit, decentralised
cons : soso rates

localbtc

pros : decentralised, fast deposit
cons : worst rate

xbit

pros : good rate
cons : slowest deposit (min 1 day), centralised

in terms of ranking i give :

1. remitano (fast deposit is important)
2. luno (best rate)
3. localbtc (sometimes rate is not following the actual price eg : 1800usd btc still selling for RM11000)
4. xbit (1 day deposit time is nightmare)

fast deposit time is important as bitcoin price is extremely volatile, every minute counts
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what's your take on centralize vs decentralize on pros and cons?
SUSlowya
post Nov 14 2017, 09:06 AM

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Once registered Luno, you will not be able to delete your account, they want your info forever.

SUSlowya
post Nov 14 2017, 09:10 AM

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QUOTE(AdLunam @ Sep 9 2017, 05:28 PM)
You can only buy btc via Luno whereas you can buy both btc & eth via Coinhako with MYR
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anyone care to do a Coinhako vs Remitano review?
bloodchow2
post Nov 14 2017, 05:53 PM

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QUOTE(lowya @ Nov 14 2017, 09:06 AM)
what's your take on centralize vs decentralize on pros and cons?
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deposit always go for centralized (better rate) while withdrawing go for decentralised (fast and anonymous)
TSmtnglacier
post Nov 14 2017, 10:06 PM

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QUOTE(dummies @ Nov 3 2017, 09:19 PM)
I have a US bank account but i am a malaysian, can i open an account at Kraken and then send all my BTC there, go to kraken exchange, exchange BTC to USD and then do a ACH transfer to my US bank account?  How much Kraken charges to do ACH withdrawal to a US bank account?
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hey, yes but the difficult part is to create a US based kraken account. Although you have a US bank, you need to create a US version of Kraken account. To do that, you need to have a US ID, US proof of residence (less than 3 months old), SSN, and your photo. If you're in Malaysia and if you have all of those things, you may need to explain why you're in Malaysia cuz of IP differences. If you use VPN, it makes things more complicated.

ACH Transfers are typically free.

I don't use Kraken (although I have a level 2 verified account), but I use GDAX. It's better and more user friendly than Kraken.
Azurika
post Nov 15 2017, 02:41 PM

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QUOTE(~LynX~ @ Nov 14 2017, 08:56 AM)
The transaction limit for Luno depends on your verification level.

By the way, if anyone has signed up to Luno but hasn't added a referrer code, can PM me, thanks. smile.gif
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Can you advice 300k a month, but can I do 300k straight a day too ?
Azurika
post Nov 20 2017, 05:24 PM

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QUOTE(charlescheesepie @ Nov 20 2017, 05:22 PM)
i am worried that Luno / BitX may suddenly be hacked or become insolvent and cease operations. is there any way to download the wallet into my personal computer ?
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Get a Nano ledger and store all your coins there . Entry lvl you can get the Ledger S. My ledger blue kena stuck at Kastam damn
Azurika
post Nov 20 2017, 05:39 PM

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QUOTE(charlescheesepie @ Nov 20 2017, 05:30 PM)
sorry but how do i do that ? i dont see such option in the menu.
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You got to use "send" then send it to the Bitcoin wallet address of your choice. Every wallet will have a unique address.

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