If you're not running trading in Luno, keep money and coin in there for what? Just take out la.
A hardware wallet is not that expensive anyway.

what if it freeze while u trading?

Binance, kucoin, kraken, uniswap. Plenty of exchanges out there.

I dont think Luno will go bankrupt.They got branches in UK and South Afrika.
I got RM when I sold my Btc within 2 days.I will buy again when price drop below 60k.
I still believe Btc will go up the next price halfing.

Ftx had branches in u.s, hk, Bermuda, etc.

💍 ✋ 🚀

This post has been edited by icemanfx: Dec 21 2022, 07:31 PM

Scary. Ethereum is going where tomorrow?

Maybe Malaysia's homegrown Sinegy going bankrupt first?

I oredy paper loss nearly rm20k in luno eth since August. Hodl is all I know.

US Prosecutors are going after Luno's parent co DCG Bloomberg

US authorities are digging into the internal financial dealings of Barry Silbert’s expansive crypto empire, according to people familiar with the matter.

Federal prosecutors in Brooklyn are scrutinizing transfers between Digital Currency Group Inc. and an embattled subsidiary that offers crypto lending services, said the people, who asked not to be named because the probe hasn’t been made public. They’re also delving into what investors were told about those transactions.

Per Bloomberg

Welcome!
Thanks for joining Luno

Hello,

Your RM remains in a Trustee account.
This is a strict requirement by the Securites Commission to ensure the safety of all Malaysian user's RM

I sadly can't link any hyperlinks here on Lowyat

But you can Google this title to read more about our Trustee account: "Luno has appointed AmBank as primary banker for its exchange in Malaysia"

Rest assured your RM will always be there for you to deposit/withdraw.

Hi thete,

This is not true, you can refer to my answer above for more clarification with regards to the earlier question.

This one?
AmBank and Luno 2019 announcement

guess only your MYR fiat is guaranteed, not your cryptos.

good luck.

Just some beginner question, I did notice Luno mention dynamic fees when transfer the ETH. Do the dynamic fees purely gas fees or Luno top up, on top of the existing gas fees charged

I noticed from my last withdrawals, Luno does take a cut approx 50%, it doesnt refund us the gas unused.

Terima Kasih, Ross! Can you also clarify if Luno Malaysia lends out customer assets to earn revenue? Like some of the other exchanges do?

Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation.

The cryptocurrency lending unit of Digital Currency Group has been in confidential negotiations with various creditor groups amid a liquidity crunch. It has warned that it may need to file for bankruptcy if it fails to raise cash, Bloomberg previously reported.

https://www.bloomberg.com/news/

Cryptocurrency lender Genesis Global Holdco LLC and two of its lending subsidiaries filed for bankruptcy protection late Thursday night in New York, the latest domino to fall after the failure of exchange giant FTX.