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Luno Malaysia, Your experience, reviews, thoughts
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GalaxyV
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 Feb 15 2020, 07:45 PM
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Remitano earns three types of fee and that fees are sucking blood:
1. Trading fee at 1%
2. Deposit fee: BTC 0.0002
3. Withdrawal fee: BTC 0.0002
In short, if someone wants to sell their Bitcoin, they have to deposit first. Hence, Remitano earns 0.0002 BTC.
Someone buys, earn the trading fee at 1% and he must be withdrawing to his own wallets or else, he is charged for 0.0002 BTC again.
Total fees spent for 1 circle = 1% + 0.0002 + 0.0002 = 1% + 0.0004 BTC.
At current rate of BTC = RM42,000, they earn
RM420 + RM16.80 per 1 btc.
If someone trades small small, their incoming is 1% + 0.0004 BTC
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GalaxyV
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May 5 2021, 09:59 PM
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QUOTE(xander83 @ May 5 2021, 05:46 PM) Following BNM rates plus 2% QUOTE(xander83 @ May 5 2021, 06:29 PM) You can go divide yourself on Luno exchange with RM4.12 + 2% will give you the price with another 0.5% for spread FX with current market Luno follow market rates just that the spread, FX charges and network fees are high  Luno exchange does not follow market rate at all. Don't conclude it when you have tested once. You can search the explanation given by MrLuno when someone has asked that question before. MrLuno explained the prices are determined by buyers and sellers, not the market. This post has been edited by GalaxyV: May 5 2021, 10:00 PM |
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GalaxyV
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Dec 8 2022, 03:46 AM
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So sad, Luno's price is lower than any (market rate with current exchange USD/MYR rate）
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GalaxyV
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Jun 6 2025, 05:31 PM
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Anyone still remember that few years ago, many users who withdrawn their fiat via Luno got their bank account closed.
And many made complains to Luno about this incident. Anyone still remember?
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GalaxyV
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Jun 14 2025, 11:19 AM
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QUOTE(Medufsaid @ Jun 14 2025, 09:34 AM) ssiapf Luno tells you what is in the bundle. just look at the list and invest manually. investing in bundle = giving free money to Luno 100% agree. Don't try. Only suits newbie. |
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GalaxyV
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Jun 17 2025, 04:52 PM
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Finally Luno's rate is back to normal now.
1USD = RM4.24
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GalaxyV
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Jul 1 2025, 09:52 AM
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QUOTE(poooky @ Jul 1 2025, 06:59 AM) How you check the rate? Just take luno price / Google exch rate and compare with coin USD price? Luno price / Current bitcoin price in USD in major exchanges Vs Current USD rate QUOTE(sleepwalker @ Jul 1 2025, 07:47 AM) It's been explained many times that Luno Malaysia sells bitcoin in MYR and not USD. That is the bid/sell price you see in the Exchange where Bitcoin is sold and bought in MYR. Bitcoin prices are not converted from USD to MYR. So there are times that the price in the exchange does not match the exchange rate as Luno Malaysia is a much smaller market. Luno Malaysia is a local exchange only open for traders from Malaysia (with Malaysian IC) and it's not a global exchange. Yes, it is just a comparison. I also afraid to make many withdrawals now and slowly change to other ways. |
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GalaxyV
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Jul 1 2025, 08:21 PM
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Habis lah
You have transacted on your Luno account over the last month and will be receiving an e-invoice from Luno Malaysia in the form of a PDF for all your transactions during that period.
Each e-invoice will reflect all applicable transactions made through your Luno account during the relevant month such as buys, sells, deposits, withdrawals, etc. They will also include fee details and applicable taxes, where relevant.
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GalaxyV
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Sep 1 2025, 10:56 AM
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charm lo.. every transactions conducted ada e-invoices
cannot lari liao
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