This is the best way Luno explains it:

https://www.luno.com/blog/en/post/bitcoin-p...price-different

Guys, just transfer your BTC/ETH stucked in Luno to Remitano if you want to cash it out fast. Tried and it worked wonders. Yes the rate is a bit low but it's the most convenient local exchange at the moment.

P/S : It's better to convert it to ETH and send since there's no receiving fees on Remitano's end.

Also can transfer to Binance exchange if want to buy other alt coins as potential investments.
Yeah Remitano so far is the best way to liquidate to cash for us in Malaysia.P2P is still quite safe.

Yup =) Quite instant last week I did it. Within 20 min money received.

Been days where it shows 1 BTC = RM 75k

Now that BTC is crashing, I wanted to buy some of it but this dumb site still shows a week old price, offering me 0.01758463 BTC for RM 1378

0.01758463 BTC is only RM 949 right now

Any suggestions on what I could do right now?

Their exchange are also still showing RM 70k+ prices unfortunately.

I'm suppose to do this?



This post has been edited by NiiM: Jan 11 2018, 07:07 PM

apparently coinhako also stopping myr deposit

This post has been edited by Grammar Police: Jan 11 2018, 08:07 PM

Let them the time to understand how to set up a wallet

Still cheaper than your instant buy rate. U have no choice but to buy from exchange.

Any update? Can withdraw or not

No need withdraw. just sell to me at better price. Currently buying as much as you can sell.

Update: Funds were rejected by Maybank through GIRO. Took a couple days though. Hopefully this would help calm others who have transferred unknowingly.


They had a card on their main page but it was stacked at the bottom because of various "crypto news" "welcome" etc. Better way would be to disable the deposit MYR function....which I know they can do because some of the other currencies they won't allow you to add a FIAT wallet at all.

This post has been edited by G2420hd: Jan 11 2018, 11:36 PM

I could deposit MYR into coinhako yesterday which shows up within the day on coinhako MYR wallet.
Unfortunately I still could not sell my ethereum in coinhako to withdraw out MYR.
Sigh...

As stated on the attachment, the conihako fees at that time was less than RM13.
I deposited MYR13 via Maybank transfer to coinhako and the RM13 appeared on the same day in the coinhako wallet.
But still show insufficient account balance when I tried to sell off the ethereum a few mins ago.

Where did you read this from? Can you share the link please?

blog coinhako

or u can refer this thread

https://forum.lowyat.net/topic/4499274

Okay thanks. That sure further limits our options for MYR deposits.

Great news guys ,
https://themalaysianreserve.com/2018/01/12/...lumpur-1q-2018/
Luno is determined to do business in malaysia !

Luno to open office in Kuala Lumpur by 1Q of 2018

https://themalaysianreserve.com/2018/01/12/...lumpur-1q-2018/

https://forum.lowyat.net/index.php?showtopi...post&p=87657892

Luno has confirmed plans to set up an office in Kuala Lumpur, as the digital coin exchange seeks to capitalise on the skyrocketing interest in cryptocurrencies in the country.

The UK-based company, one of the earliest bitcoin exchanges in the world, expects the Malaysian office will materialise in the first three months of this year, and it is already seeking candidates to head the office, the company told The Malaysian Reserve (TMR).

The setting up of the local operation is part of the firm’s effort to facilitate the bitcoin and ethereum markets.

Werner van Rooyen
Werner van Rooyen (Source: Luno)

Luno head of marketing and communications Werner van Rooyen said the move into Malaysia is significant as Luno plans to strengthen and multiply the deposit and withdrawal mechanisms.

“We are planning to formally launch the Luno Business accounts later in the year. Proximity to our banking partners and the local regulators like Bank Negara Malaysia will help us provide better services to the local market,” he said in an email to TMR.

In November last year, TMR reported based on industry sources that Luno plans to open an office in Malaysia. Luno, one of the biggest and globally recognised cryptocurrency exchanges, already has offices in Singapore and South Africa.

Luno currently trades the two most popular cryptocurrencies — bitcoin and ethereum. Malaysia was selected based on Luno’s internal analysis on the acceptance towards cryptocurrencies.

The company said Malaysia has a very active customer base, a fast-growing market and a higher interest in the company’s products.

He said among the activities performed by the locals include checking price, setting price alerts and buying or selling digital currency.

Based on search engine query, Luno is among the top currency platforms being sought after by users.

Luno’s website yesterday showed that the platform traded 130 bitcoins with the highest price quoted at RM78,450, with an estimated value of RM9.7 million, while another exchange, Coindance.com, recorded a transaction value of RM10.2 million from Jan 6, 2018, until yesterday.

Besides bitcoin and ethereum, the locals are also attracted to other digital coins like ripple and litecoin. Bitcoin soared to a 1,700% high last year as investors bet on the digital token rise.

Van Rooyen said the company is also interviewing candidates for its Malaysian branch.

“We are hiring fast all around the world. This includes country manager and operations lead positions in Malaysia,” he said.

While worries that cryptocurrencies are susceptible to criminal-related activities, Van Rooyen stressed that Luno has always emphasised on regulatory compliance and consumer protection.

“We have always had strict know-your-customer, antimoney laundering and anti-terror financing measures in place, to mitigate risks and respond to threats and suspicious activities,” he said.

About time. We need more competition to bring the prices down.