Will stay away luno until they have solve the bank issue
Luno Malaysia, Your experience, reviews, thoughts
Luno Malaysia, Your experience, reviews, thoughts
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Jan 3 2018, 05:09 PM
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Junior Member
86 posts Joined: May 2005 |
Will stay away luno until they have solve the bank issue
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Jan 3 2018, 05:16 PM
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Junior Member
60 posts Joined: Mar 2017 |
QUOTE(joeylny @ Jan 3 2018, 05:09 PM) yeah i just withdraw some eth today.. Binance accept MYR? Can withdraw from Binance?its still active but i wouldnt put a lot money in it in case same thing wif luno happens but its fast.. i bank in same day.. 30 mins late my funds are in my coinhako acct n i can but btc/eth right away.. .. its good if u want to buy eth n btc fast but its not p2p so cant really trade there Can check out Binance.. if u need referral link can pm me |
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Jan 3 2018, 05:24 PM
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Junior Member
107 posts Joined: Nov 2006 |
QUOTE(nikazwa @ Jan 3 2018, 04:58 PM) I quit btc already but i can share my experience of transferring my btc fr luno to coinhako and get my money back into my maybank..uncertainties here and there made me felt saving my original capital is important than making profit from btc..also luno made me scare of any platforms dealing with btc and etch is the selling price in coinhako good? |
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Jan 3 2018, 06:17 PM
Show posts by this member only | IPv6 | Post
#624
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Newbie
4 posts Joined: Jan 2018 |
QUOTE(mtnglacier @ Aug 9 2017, 01:15 AM) Hi, Hi Luno seems having trouble to do withdrawal to local Banks.Can someone please shed light on Luno Malaysia's reputation among Malaysian bitcoin traders? I'd like to hear out your reviews, thoughts, and experience dealing with Luno Malaysia before using it to trade large amount of money. Thanks My cash is stuck in thier wallet from 15th Dec 2017 till now. They keep saying working with the Banks. Be caution and ask them first before deposit any cash |
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Jan 3 2018, 06:23 PM
Show posts by this member only | IPv6 | Post
#625
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Newbie
4 posts Joined: Jan 2018 |
QUOTE(klthor @ Jan 3 2018, 02:59 PM) not to spread terror, but this isnt the first time i see an exchange platform freeze by bank. i started trading quite long ago with coinbox, same issue happens. discussion never ending, i guess its still not solved until today (roughly 1 year ago). Luno does collect all our personal details before opening an account but lately very suspicious on why they have problem to do withdrawal. They should just use credit cards payment as that way does not need too much hassle with the Bank. Paying to credit cards is a lot easier than paying to Bank accountas long as luno did not collect your personal data such as a copy of IC, proof of address AKA 'know your customer', bank negara isnt going to budge a single step. that is why luno is banned but coinhako isnt (at least for now), simply because coinhako collect all its users data. i believe half or over half of luno users do not submit their IC and proof of address. if you are familiar with openning offshore accounts, you will know what i mean. |
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Jan 3 2018, 06:28 PM
Show posts by this member only | IPv6 | Post
#626
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Newbie
4 posts Joined: Jan 2018 |
QUOTE(klthor @ Jan 3 2018, 02:59 PM) not to spread terror, but this isnt the first time i see an exchange platform freeze by bank. i started trading quite long ago with coinbox, same issue happens. discussion never ending, i guess its still not solved until today (roughly 1 year ago). Luno does collect all the personal information including utilities bill proof when I created an account to trade more than RM5K.as long as luno did not collect your personal data such as a copy of IC, proof of address AKA 'know your customer', bank negara isnt going to budge a single step. that is why luno is banned but coinhako isnt (at least for now), simply because coinhako collect all its users data. i believe half or over half of luno users do not submit their IC and proof of address. if you are familiar with openning offshore accounts, you will know what i mean. |
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Jan 3 2018, 08:47 PM
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Senior Member
7,584 posts Joined: May 2012 |
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Jan 3 2018, 08:49 PM
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Senior Member
7,584 posts Joined: May 2012 |
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Jan 3 2018, 10:01 PM
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Junior Member
35 posts Joined: Mar 2008 |
Luno has been locked down by Malaysia BNM. Although btc / eth trading remain as usual, withdrawing or depositing RM is restricted. You can try to transfer your crypto to Bittrex or Binance for further trading, and withdraw cash form localbitcoins later on.
Join this group too if you are interested in trading alts, it provides good quality buy calls https://chat.whatsapp.com/7uSAZOdNoF651Qe4zJe3KJ |
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Jan 4 2018, 12:55 AM
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Junior Member
239 posts Joined: Mar 2011 |
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Jan 4 2018, 01:56 AM
Show posts by this member only | IPv6 | Post
#631
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Junior Member
13 posts Joined: Sep 2010 |
QUOTE(na21m @ Dec 27 2017, 03:10 PM) Yes you can, I just took out RM500 from my Xapo account. They charge me RM10 for the Teller fees. Bro can give me Xapo teller contactI used Luno before this but the rates were ridiculous so I changed to Xapo. The setting up takes sometime but after that its all good. |
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Jan 4 2018, 06:15 AM
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Senior Member
1,810 posts Joined: Mar 2007 |
QUOTE(ry_ling88 @ Jan 3 2018, 10:01 PM) Luno has been locked down by Malaysia BNM. Although btc / eth trading remain as usual, withdrawing or depositing RM is restricted. You can try to transfer your crypto to Bittrex or Binance for further trading, and withdraw cash form localbitcoins later on. You sure about luno eth & btc transfer?Join this group too if you are interested in trading alts, it provides good quality buy calls https://chat.whatsapp.com/7uSAZOdNoF651Qe4zJe3KJ I tried to transfer out eth from luno to binance last night Transaction ahowing processing still |
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Jan 4 2018, 06:31 AM
Show posts by this member only | IPv6 | Post
#633
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Junior Member
102 posts Joined: Mar 2014 |
Why ah luno always got bank problem i remember few months ago luno had problem with their cimb bank account cant withdraw or deposit quiet bad also was like a month or two of waiting later they closed that cimb account and change to maybank now maybank also got problem. Which bank they want to change next ?
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Jan 4 2018, 07:17 AM
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Senior Member
586 posts Joined: Dec 2011 |
QUOTE(Zack_Fair @ Jan 4 2018, 06:31 AM) Why ah luno always got bank problem i remember few months ago luno had problem with their cimb bank account cant withdraw or deposit quiet bad also was like a month or two of waiting later they closed that cimb account and change to maybank now maybank also got problem. Which bank they want to change next ? This problem is not from Luno, it BNM who are freezing Luno account from us to deposit and withdraw .Luno is the victim here so please read up and understand the whole situation.if it weren't for BMW, we all would be happily trading in Luno. |
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Jan 4 2018, 09:20 AM
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Junior Member
884 posts Joined: May 2016 |
QUOTE(Zack_Fair @ Jan 4 2018, 06:31 AM) Why ah luno always got bank problem i remember few months ago luno had problem with their cimb bank account cant withdraw or deposit quiet bad also was like a month or two of waiting later they closed that cimb account and change to maybank now maybank also got problem. Which bank they want to change next ? If we read through luno history they had many problems before..it seems they are not efficient..like now they also have problems with maybank..after customers pressure them they only willing to reverse customers' sale transaction. If not what happen ? Your money will stuck in luno and you will cry because no phone number to reach them.Be careful guys..it is your hard earned money.luno is African one.you know them right |
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Jan 4 2018, 09:29 AM
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Senior Member
6,724 posts Joined: Aug 2008 |
QUOTE(joeylny @ Jan 3 2018, 05:09 PM) yeah i just withdraw some eth today.. Thank you for the information. In regards to the referral, I have already been trading on Binance for a while.its still active but i wouldnt put a lot money in it in case same thing wif luno happens but its fast.. i bank in same day.. 30 mins late my funds are in my coinhako acct n i can but btc/eth right away.. .. its good if u want to buy eth n btc fast but its not p2p so cant really trade there Can check out Binance.. if u need referral link can pm me All the best! This post has been edited by miyakochan89: Jan 4 2018, 09:29 AM |
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Jan 4 2018, 10:03 AM
Show posts by this member only | IPv6 | Post
#637
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Senior Member
594 posts Joined: Mar 2005 From: Bowser Koopa Castle |
QUOTE(Mikeyz @ Jan 4 2018, 07:17 AM) This problem is not from Luno, it BNM who are freezing Luno account from us to deposit and withdraw . Luno's transaction price is like RM10k more then the rest of the world.. so bad. Don't get me wrong, I like Luno, its the easiest option we had to witdhraw and deposit. Too bad BNM kacau.Luno is the victim here so please read up and understand the whole situation.if it weren't for BMW, we all would be happily trading in Luno. This post has been edited by koopa: Jan 4 2018, 10:04 AM |
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Jan 4 2018, 10:08 AM
Show posts by this member only | IPv6 | Post
#638
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Senior Member
594 posts Joined: Mar 2005 From: Bowser Koopa Castle |
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Jan 4 2018, 10:11 AM
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Junior Member
74 posts Joined: May 2006 |
Everyone keep blaming BNM and Maybank for the issues with Luno, but why no statement from BNM (if somethg illegal or suspicious) or maybe someone try email Maybank and ask for it?
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Jan 4 2018, 10:17 AM
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Senior Member
6,724 posts Joined: Aug 2008 |
QUOTE(koopa @ Jan 4 2018, 10:08 AM) oh, get bitcoin/ETH, and go to your Binance account -> Fund -> Find the COIN (BTC/ETH or etc) click deposit -> get the address (must be accurate) and paste it to whichever exchange you got your BTC/ETH/COINS from send them over to Binance. Each coin has different addresses. Becareful ya! |
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