Hello friend,

Good day. Thank you for your kind response.
What I meant about the risk of losing principal is - say if I staked 1 unit of ETH, will I be losing that 1 unit (or partial unit) of the ETH being staked?

Or the risk is only the following:
Non-liquidity: I cannot sell the unit(s) being staked in a particular period of time?

Thank you

1) Chances are no, unless Luno go missing or run away. They are regulated by BNM so chances of that is lower la in a way.

2) Nope, like FD, you can use the money you pledged until you break the FD. So, you have to unstake it first and then can use.

Dear sir,

Thank you very much for your patience and detailed answers, complete shed light on my doubts.
Appreciate your kindness sir.

Sorry, its can't use the money you pledged until you break the FD. So, you have to unstake it first and then can use.

Just realised the mistake.

No worries sir, got your meaning completely.

Hello was wondering if I already stake 100% of my existing ETH in Luno and decided to buy extra ETH coins. Will the extra coins automatically staked as well?

Or it will not be staked and sit under the wallet?

Stake in luno seems like have fees. Is it even worth it?

No. The new purchase will goes to regular wallet

Thinking of signing up with Luno but their help centre doesn't cover this query: Is it easy, or even possible, to withdraw BTC from Luno to a self-custody cold wallet after buying it on the exchange?

Yes.
I withdraw btc i bought from luno to my trezor. No problem.
You need to answer a few questions when setting up the withdrawal, just answer them.

Just started crypto not long ago, and luna is the only platform I'm using. What amount you guys think I need to have before start using a cold wallet?

Lets say If I only have 3-5k, is it ok to use luna wallet only? Or online wallet not really safe no matter big or small amount?

Best recommend you use Cold Wallet no matter how, cold wallet is way safer than online wallet

Wow.. you got the same username as mine! lol

Any recommendation for affordable wallet for beginner?

HAHAH i did not realize that

For beginner & budget friendly, i would recommend Trezor One or Ledger Nano S Plus, personally I am using Ledger Nano S Plus to store ONLY BTC, so if you are investing on other coins, best you check on the manufacturer first.

P.s DO NOT BUY 2ND HAND hardware wallet, only buy from authorized seller and make sure the seal is intact when you received the hardware wallet. I bought mine from crypto bilis, local seller, trusted and authorized by the manufacturer.

This post has been edited by BladeRider88: Feb 8 2024, 01:09 PM

thanks for the info. Will check it out.

Well I just learnt 2 things tonight / this morning.

Everyone on Luno is basically Chinese and/or doesnt really have that much money to blow on Crypto.

Been madly buying...

This post has been edited by maxmillion: Feb 10 2024, 07:38 AM

Small price difference of like RM5k to RM7k on BTC last night / this morning on Luno and wider BTC market.

Everyone obviously on holiday

This post has been edited by maxmillion: Feb 10 2024, 03:10 AM

wow omg

This post has been edited by Medufsaid: Feb 10 2024, 08:32 AM

There's basically no liquidity on Luno for BTC .

RM218,000 right now on Luno. Market value is RM225,000.

Never seen a difference this large. Buyers must be all of Hong Bao giving age.

How did you come up with this conclusion?