Anyone still regularly using Luno as an on ramp/off ramp to CEX? How is the experience so far?

Seems like we don't have much choice. It's either:
1. CEX p2p or
2. Luno XRP

CEX p2p rates are expensive compared to official RM:USD rate and most sellers set minimum limit of RM3k+ on the amount you can buy. Want to try < RM1k also cant.

Otherwise Luno can just topup RM100, buy XRP and transfer to CEX.

Is Luno having issue? I need to keep login and create pin everytime. Also, i cant topup using TnG ewallet. Getting "Oh No. Action unsuccessful!"

Anyone encountered the same issue?

is there any possible way to withdraw over RM300k per month from LUNO?

if i remember, HATA Digital has no limit for withdrawal.

i understand that Luno withdrawal limit is RM 300k per month.

if i withdrawal RM 300k in one shot in one day, will this lead to any issue with bank negara? is this safe to do so?

tkyong1 if you deposited RM300k from malaysian banks into luno, and then withdraw to malaysian banks, there is no issue

the issue will come if you deposited crypto into Luno then cashout to malaysian banks

can I know what kind of issue will I face if I deposit crypto into luno then cashout?

i'm curious to know this too. So if we deposit 100k USD worth of XRP into Luno, and then convert it to ringgit and withdraw, the bank will freeze our account?

It’s money laundering scenario

U take illegal money and put into luno and withdraw to ringgit

Life so easy meh like that luno sure favorite for money launderers

If your 100K worth of XRP was initially transferred from luno to your private wallet.. and now you're just transferring back... should not be an issue...

if there is no trail of you transferring out to a particular wallet ... and sudden influx of xrp comes from nowhere...
i'm sure they would ask...

everything is in the blockchain...

trigger money laundry and etrrorist financing alert.

wow

If buy XRP from Hata. Then transfer to Binance. After that XRP to the moon. Transfer a few million back to Luno. Will kena ban ?

they will ask u to show the proof of those transactions.

This is true, but not correct.
Instead, they will ask you to show proof of ownership.
Meaning, for example you transfer RM10k from your CIMB account and buy those XRP, they will grind you to show how you get those RM by requesting payslip, epf statement or others that show indeed those RM is yours

my real life experience didn't ask the source of money. but as mentioned asked for proof of transaction instead. maybe they've gone more strict in recently

so how will the 2% dividend tax affect luno users?

Dividends are company payouts to shareholders. This will not affect Luno users.

Anyone know how do i check my average price in Luno? I been buying crypto on and off when I feel the price is right but idk whats my current entry price on average

Seems not very active anymore?

Abit worry after the case of the guy who lost few hundreds thousands from his luno account. Seems like luno security is not tip top