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 Luno Malaysia, Your experience, reviews, thoughts

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CoffeeDude
post Jan 22 2018, 10:36 AM

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Senior Member
1,609 posts

Joined: Sep 2005
From: KL


QUOTE(kb2005 @ Jan 21 2018, 08:24 PM)
The high price or i usually i referred it as conversion rate from USD to RM is really high for Luno. 2 months ago it used to be 4.23 and now 5.7 or sometime 6.3. Although Luno said they can not control the exchange price, it is based on willing buyer and willing seller which i said is totally bullshit. The high price is to make sure their customers remain in Luno and not to transfer their coins out of Luno due to deposit and withdrawal issues.

I am not too agree of no harm waiting. To me it is 50%-50% because today we can not deposit and withdraw the money but we still can send and receive coins. I may think too much but how about if the issue can not be solved and Luno Malaysia totally shutdown ? By that time, we can't even send and receive coins. Sorry, i really think of very worst case here and i am also stuck in Luno now. Big amount!  cry.gif
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Last resort, buy ETH/BTC with the MYR in your Luno wallet.

Transfer out if you are afraid to store it in your Luno wallet.

 

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