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).

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.

hi guys,

hoping to help those who are stuck with luno, it is really not advisable to remit out of luno right now. at minimum you will be losing 300RM for every 1000RM you process.

how to take advantage of the situation? read below.

1. While withdrawal is not available, buy and trade ETH > BTC and BTC > ETH
case 1: when BTC is high, go buy ETH
case 2: when ETH is high , go buy BTC

i've been earning quite around 500rm now with 2000rm capital, just make sure to use the exchange instead of the quick buy to avoid the LUNO cut fees.

For those who buy during LUNO withdraw /depo issue ongoing
once LUNO announce that withdraw and deposit are fixed, you should SELL IMMEDIATELY, prices will go down to normal and you will lose 10 -20% value if you buy at ALL TIME HIGH ( when luno withdraw /deposit unavailable )

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