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 Luno Malaysia, Your experience, reviews, thoughts

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abdrahib
post Nov 8 2019, 05:57 PM

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QUOTE(CrimsonKing @ Nov 8 2019, 04:55 PM)
Make a complaint to MCMC and/or Securities Commission.
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Should be SC,because SC approved thier application
abdrahib
post Nov 9 2019, 08:25 AM

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I am a senior citizen 75yrs old and I have an interest on anything digital including cryptocurrency Btc.I have contaceted Luno on why I cannot trade crypyo pairs.
The reply by email says,I have to submit KYC documents eg IC,Driving Licence,a self photo holding the identity document with the words "For Luno use only".In fact during the first registration Nov 17 I have done that.

The problem is LUNO doesnt show illustrations on how to do it .Is it 3 separate photos:
1.IC photo
2.Driving Licence photo
3.The hardest part is...Self photo holding identiy documents with words FOR LUNO USE ONLY
How to hold an IC together with written words FOR LUNO USE ONLY.

I HOPE SINCERELY SOMEONE HERE WHO HAS DONE AND SUBMITTED TO ENLIGHTEN THIS PROCEDURE TO ME.
Thank you in advance.

This post has been edited by abdrahib: Nov 9 2019, 10:16 AM
abdrahib
post Nov 9 2019, 12:51 PM

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QUOTE(faira_faizal @ Nov 9 2019, 10:53 AM)
Either one of the docs. U can write in for Luno purposes on a piece of white paper n hold it behind ur IC and selfie.

Good luck
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Ok.Thank you very much .I will submit only 2 documents

1.My Licence. (my ic address kg) so I use Licence
2.Selfie with Licence and white paper for Luno purposes only
abdrahib
post Nov 13 2019, 09:01 AM

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Anybody have technical problem with Luno ,regarding trading on exchange
page.Passed 3 days still no credible reply.
abdrahib
post Nov 18 2019, 10:31 PM

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QUOTE(whycanot323 @ Nov 17 2019, 09:53 AM)
whats the best rate in buying cryto so far? im new to crypto
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Buy btc when at its lowest.The fees doesnt matter.Luno is the best choice,because is approved Digital Exchange,
the only one in Malaysia now.
abdrahib
post Nov 20 2019, 11:06 AM

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QUOTE(dayamin @ Nov 19 2019, 10:57 AM)
what about Remitano ?  bruce.gif
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Remitano is P2P exchange.That means willing buyer willing seller.Remitano becomes the middle man,act as escrow agent.It collects fees only.
No need govt approval,I think.
abdrahib
post Nov 21 2019, 03:47 PM

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QUOTE(maxmillion @ Nov 4 2019, 07:28 PM)
It's obvious their backend is completely messed up and / or their compliance department is nonexistent.

I think it's slow because they dont want to lose their licence...
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I think you are right.My verification is level 3.Already approve 2 weeks ago,but until now I am not eligible to trade with error message"
This currency pair is not eligible for you"

How now.Just wait or what? Any idea
abdrahib
post Nov 26 2019, 08:53 AM

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QUOTE(cxjiek @ Nov 25 2019, 10:37 PM)
Yay, Luno is back finally.
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So you mean ok,to trade...buy/sell crypto to fiat.
abdrahib
post Nov 26 2019, 09:58 PM

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QUOTE(ericlaiys @ Nov 26 2019, 10:27 AM)
yup. can
- buy
- sell
- deposit
-withdraw
- register new account

right time when btc is dropping
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I am level 3 verified but still unable to trade.Every time I tried to trade a messge appeared
"The currency pair is not enable for you"
Is it that I am not allowed to trade.Several times I enquired about this.The usual answer is still waiting for feedback
from technical support team.
I dont believe what they said.Do you believe them.Anybody got the same problem.


abdrahib
post Dec 1 2019, 06:33 PM

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QUOTE(oOoproz @ Nov 29 2019, 12:09 PM)
Welcome back Luno, it's been so long
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So welcome back.Do you try to trade?Please give feedback if you do.
abdrahib
post Dec 7 2019, 10:15 AM

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QUOTE(ben3003 @ Dec 5 2019, 03:02 PM)
is the rates better than remitano?
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Be smart,is actually free if you are a maker.Dont have to pay a fee at all because the buyer or seller is paying,not you.
How? Here is the answer.Ex if the current price ii 10k,you put buy price lower than 10k and or sell price higher
than 10k.
The only thing is you have to wait to match your price.I have done several times before.Is all free.
Try this time.

This post has been edited by abdrahib: Dec 7 2019, 10:16 AM
abdrahib
post Dec 9 2019, 06:40 PM

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QUOTE(GA11AGH3R @ Dec 8 2019, 11:20 AM)
Hi... Tried to place an order but got the message "this currency pair isn't enabled for you". Any ideas? Thanks in advance...
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I got the same message.Till today I cannot trade and deposit,I have contacted Luno several times.I am 3 stage verified.
Now still waiting.
abdrahib
post Dec 9 2019, 06:44 PM

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QUOTE(ben3003 @ Dec 7 2019, 12:20 PM)
I see.. maker means i need to be miner?
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Not neccesarilly a miner.As long U have btc or MYR in your wallet you can be a maker.
abdrahib
post Jan 8 2020, 07:04 PM

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QUOTE(alexanderclz @ Jan 8 2020, 07:58 AM)
they are not honest in their dealings over peanuts amount of money, what more large amount.

also there are a lot of hidden fees when u buy and sell.
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I recommend some reading on how to trade crypytocurrency.Understand taker and maker when trading.
I have been trading several times ,all for free.NO fees at all .In Luno mind you.
abdrahib
post Jan 12 2020, 09:13 AM

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QUOTE(Soul Seeker @ Jan 12 2020, 01:46 AM)
Anyone keep btc in luno ? Or buy and then transfer to other wallet ?
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I think,here it involves transfer fee.
Why waste on fees.
abdrahib
post Jan 12 2020, 09:35 AM

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QUOTE(abdrahib @ Jan 8 2020, 07:04 PM)
I recommend some reading on how to trade crypytocurrency.Understand taker and maker when trading.
I have been trading several times ,all for free.NO fees at all .In Luno mind you.
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Sorry,my wording is not exactly correct.What should I said was "When I am selling or buying Btc I just QUE in
(not direct).In other words I am a market maker not a taker.
abdrahib
post Feb 13 2020, 10:55 PM

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Anybody experiencing difficulties to signin Luno.Several attempts
to sign in,but futile.
May be I am using Win 7

This post has been edited by abdrahib: Feb 13 2020, 11:07 PM
abdrahib
post Feb 14 2020, 06:07 AM

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QUOTE(westernkl @ Feb 14 2020, 12:16 AM)
I am sign in from Luno mobile app, no problem.

Luno customer service is kinda fast & helpful.
Luno cheers!!!
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Yes,true.In mobile is ok but not on laptop PC.
abdrahib
post Mar 13 2020, 04:16 PM

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QUOTE(solstice818 @ Mar 12 2020, 08:02 PM)
Immediate buy and sell.
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Takers price.I thought there is a reduction to 0.2%

This post has been edited by abdrahib: Mar 13 2020, 04:21 PM
abdrahib
post May 2 2021, 08:19 AM

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QUOTE(jack2 @ Apr 30 2021, 09:48 PM)
Yes, Malaysia has the highest fees
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Beside Luno there are 2 more DAX namely Tokenise and Sinegy.Wich give better rate.

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