Any idea what is the fee if to transfer BTC and ETH from Luno to Remitano?

Just saw in the Luno app price for ETH is still at RM6149.00 but in USD is at USD997 @ RM3942.11 (1 USD = RM3.95). Any idea why there is such a huge discrepancies between the currencies?

Read this: https://www.luno.com/blog/en/post/bitcoin-p...erent-countries

Willing buyer willing seller. The same with all other exchange. Why is there price differences between exchanges? Then next thing you come up is can i buy in exchange A and sell in exchange B. Answer is yes, but does the buy sell profit cover your fees and commissions. If yes, you have profited from a strategy called arbitraging.

This is one of the reason why prices differ. The volume in Luno vs in Bittrex is also different. Hence it drives different trade patterns but why overall the same, go back to arbitraging rule. If it profit, do it.

Thanks!

I have selected for withdrawal of my bitcoin funds a few days ago and the funds have not tranferred to my account yet. Is Luno still suspended for such transaction or they're operational now? What do I do if I don't receive the return of the funds? Make a police report?

Hi, Unfortunately this won't be an option We will update regarding this issue on the status page!

We are working on this by hiring aggressively. Is there something I can help you with in the meanwhile? If you have a ticket number, please send it here. Otherwise you can contact our team at support@luno.com.

It is past event and not applicable to re-mention again.

In pertaining to the tax matter that currently Luno is having, may I know who is your secretary and tax agents?

Did they remind you to do statutory submissions for annual returns related to secretary, audit and tax matters?

It is highly unlikely that IRB has the right to suspend your bank account provided you did not perform tax submissions for several years...

I believe this is the case until they have the right to do so.

More to read about Tax Audit

http://lampiran2.hasil.gov.my/pdf/pdfam/FWAudit_2.pdf

Whats functioning at the moment ?

the price on the exchange are controlled by investor, not by Luno..
you can sell your coins in higher rate over Luno too if you want..

haha....all of us miss boats like this....no one can say when the dip is at its deepest

just tough luck

Good idea to send btc to luno, sell in myr and wait for luno to be fixed?

i already did that few days ago.. sold a RM 77k

How long u willing to wait for luno to be fixed?

77k = USD $19k+, as long as btc still below that price I am ok with that

fix soon?

not so soon, maybe end of February.
last year they fix the issue around march.

what issue was last year?

I'm selling bitcoin - i can give better pricing that luno - if you are serious - we can do transaction.