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 Luno Malaysia, Your experience, reviews, thoughts

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onthefly
post Mar 5 2024, 01:43 AM

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QUOTE(tshihmin @ Mar 4 2024, 10:42 AM)


If you have crypto in Huobi, the best option to cash out is use the Huobi P2P. I use Huobi and whenever I want to cash out from Huobi, I always use Huobi P2P and so far I have no problem with it.

*
if use P2P means have to standby(wait for buyer) and sell USTS ?

tshihmin
post Mar 5 2024, 11:22 AM

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QUOTE(onthefly @ Mar 5 2024, 01:43 AM)
if use P2P means have to standby(wait for buyer) and sell USTS ?
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Do you mean USDT?
Vaytrex
post Mar 5 2024, 02:15 PM

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U see this guy stacking in Luno last month now earn more than 50%
https://medium.com/@vaytrex/doubling-down-o...ia-f39c136cb17d
onthefly
post Mar 5 2024, 03:22 PM

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QUOTE(tshihmin @ Mar 5 2024, 11:22 AM)
Do you mean USDT?
*
USDT. correct

QUOTE(Vaytrex @ Mar 5 2024, 02:15 PM)
U see this guy stacking in Luno last month now earn more than 50%
https://medium.com/@vaytrex/doubling-down-o...ia-f39c136cb17d
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Cause of ETH went up. Misleading tittle

Medufsaid
post Mar 5 2024, 03:24 PM

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please be reminded that Luno will take 30% if you stake through them
jeffseaw
post Mar 6 2024, 10:19 AM

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Staking service fee in Luno
ETH = 30%
ADA = 20%
tshihmin
post Mar 6 2024, 11:57 AM

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QUOTE(onthefly @ Mar 5 2024, 01:43 AM)
if use P2P means have to standby(wait for buyer) and sell USTS ?
*
Yes, if you use Huobi P2P, you have to wait for buyer (most of the time won't wait long) and sell USDT.
onthefly
post Mar 6 2024, 12:40 PM

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QUOTE(jeffseaw @ Mar 6 2024, 10:19 AM)
Staking service fee in Luno
ETH = 30%
ADA = 20%
*
Easier for the masses - after deduction of Luno's service fees
ETH Staking interest) - 2.52%~
ADA Staking interest - 2.64%~\



This post has been edited by onthefly: Mar 6 2024, 12:41 PM
dark_axl21
post Mar 6 2024, 12:50 PM

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QUOTE(Medufsaid @ Mar 5 2024, 03:24 PM)
please be reminded that Luno will take 30% if you stake through them
*
Quite the rip off isn't it? sweat.gif
Medufsaid
post Mar 6 2024, 01:10 PM

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dark_axl21 luno fees are steep, you buy-sell will be charged 0.7%. if your crypto profit 10%, luno will take almost 1/10 of the profits
dark_axl21
post Mar 6 2024, 01:24 PM

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QUOTE(Medufsaid @ Mar 6 2024, 01:10 PM)
dark_axl21 luno fees are steep, you buy-sell will be charged 0.7%. if your crypto profit 10%, luno will take almost 1/10 of the profits
*
That's right, I don't remember other platforms or exchanges have such steep fees.
onthefly
post Mar 6 2024, 03:25 PM

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QUOTE(dark_axl21 @ Mar 6 2024, 01:24 PM)
That's right, I don't remember other platforms or exchanges have such steep fees.
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Because of this
https://www.sc.com.my/regulation/guidelines...asset-exchanges
tshihmin
post Mar 6 2024, 11:04 PM

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QUOTE(onthefly @ Mar 6 2024, 03:25 PM)
Securities Commission Malaysia like to spoil people's rice bowl when comes to cryptocurrency. Securities Commission Malaysia is so bad.
!@#$%^
post Mar 8 2024, 04:59 PM

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wah this luno so leceh now, i sold few hundred ringgit worth of crypto already asking for statement, proof of income, picture with id, transaction id for each transaction for like 4 transactions worth a few hundred ringgit.

pengsan.
Medufsaid
post Mar 8 2024, 05:22 PM

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!@#$%^ deposit from external wallet, then cash out?
!@#$%^
post Mar 8 2024, 05:40 PM

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QUOTE(Medufsaid @ Mar 8 2024, 05:22 PM)
!@#$%^ deposit from external wallet, then cash out?
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yup. those were the days before can buy from luno. but still few hundred only also like wanna catch criminal. doh.gif
iamloco
post Mar 9 2024, 12:06 AM

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QUOTE(!@#$%^ @ Mar 8 2024, 05:40 PM)
yup. those were the days before can buy from luno. but still few hundred only also like wanna catch criminal.  doh.gif
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Could be random target? I have been transferring from binance to Luno to cash out (big amount) , so far they only ask for sender's wallet info..
!@#$%^
post Mar 9 2024, 12:20 AM

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QUOTE(iamloco @ Mar 9 2024, 12:06 AM)
Could be random target? I have been transferring from binance to Luno to cash out (big amount) , so far they only ask for sender's wallet info..
*
who knows. target kuaci for what. lol
tictac
post Mar 9 2024, 08:35 AM

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QUOTE(iamloco @ Mar 9 2024, 12:06 AM)
Could be random target? I have been transferring from binance to Luno to cash out (big amount) , so far they only ask for sender's wallet info..
*
Sender wallet info where to get this info from?
Can key in our wallet address for deposit or not?
iamloco
post Mar 9 2024, 11:11 AM

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QUOTE(tictac @ Mar 9 2024, 08:35 AM)
Sender wallet info where to get this info from?
Can key in our wallet address for deposit or not?
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For my case I'm sending to myself so no issue with providing the info

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