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 Luno Malaysia, Your experience, reviews, thoughts

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Win Win Inspiration
post Jan 31 2021, 12:06 AM

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LUNO changes the UI at the Wallet Tab? Previously the total Wallet Amount (all cryptocurrencies + cash in LUNO) was shown at the top, but now only shows the breakdown?
Win Win Inspiration
post Feb 17 2021, 04:56 PM

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QUOTE(JimWayne82 @ Feb 17 2021, 02:27 PM)
They will email weekly trading statement
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Thank you friend for sharing this.
However, so far I have never receive any weekly trading statement from Luno yet since the beginning of trading.
Win Win Inspiration
post Apr 13 2021, 08:14 PM

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Hello all,
Good evening. When I am withdrawing (cash-out) from LUNO into bank account, comparing between CIMB and MayBank, which bank is better?

Thank you all.
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post Apr 14 2021, 09:44 AM

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QUOTE(mlamlam @ Apr 13 2021, 10:09 PM)
I think same

I did withdrawal yesterday from 10am, 11am update as processing and get processed around 5pm

Account get the money around 6.30pm
They don't do I stand transfer likely. They use Giro instead
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Thank you very much friend for your kind response and sharing.
This clears my dilemma on the choice between which bank to perform the withdrawals.
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post Jun 24 2021, 10:42 AM

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QUOTE(jeffseaw @ Jun 24 2021, 09:42 AM)
i got approved by 3 working days
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My case was approved the next working day, so far the experience with LUNO Malaysia is good and seamless, attempted the cash withdrawal, also processed and reflected the next working day.
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post Jun 25 2021, 02:31 PM

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Anyone following ETH trend closely today? Wondering how will the ETH Options expiration influence the price.
Win Win Inspiration
post Jun 29 2021, 08:41 PM

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QUOTE(jeffseaw @ Jun 29 2021, 04:53 PM)
welcome. Right now the price is increase. maybe you may want to wait it dip or this weekend.
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It will dip again this weekend? Good then, better don't do panic buying in the fear of losing out.

This post has been edited by Win Win Inspiration: Jun 30 2021, 11:59 AM
Win Win Inspiration
post Jul 6 2021, 05:13 PM

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QUOTE(TheLegend27 @ Jul 5 2021, 04:05 PM)
2% is instant buy/see. exchange fee lower, 0.5% / 0.25% depend u are maker or taker.

» Click to show Spoiler - click again to hide... «

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Still learning how to buy and sell using exchange, to me the mechanism isn't that straightforward.
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post Jul 8 2021, 11:58 AM

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QUOTE(ironman16 @ Jul 6 2021, 05:22 PM)
just like u playing stock.........

u decide how many unit wanna sell and what price u wan
OR
u decide how many u wan and what price u willing to pay.

if match, execute.......but have to q first if u not the only one

IF
u urgently wanna sell/buy, just use the MARKET price..........it will auto match u the CURRENT price..... cool2.gif
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Thank you boss for the sharing and metaphor, well understood.
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post Aug 24 2021, 02:28 PM

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QUOTE(clement7621 @ Aug 23 2021, 07:05 PM)
Hi! I am new to Luno and crypto thing. I am just wondering what is the difference between Standard and Exchange ?

Yes I know the Standard charges 2% when buying crypto while Exchanges charges 0.25%.

Does this mean that it is better to buy crypto using Exchanges? I know I might sound stupid but could someone enlighten me on this ?

Thank you!
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Transaction fees wise, yes this is one of the major advantage of Exchanges.
Other than that, by using Exchanges, you may place your Buy Order in the price level that you intend to buy.
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post Sep 14 2021, 12:58 PM

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QUOTE(ironman16 @ Sep 11 2021, 04:17 PM)
Ppl always said BTC +ETH.
But i prefer ETH all the time.
ppl always said BTC big bro in crypto, may b a bit 😁
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Mind sharing more on why you prefer ETH?
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post Sep 17 2021, 10:52 AM

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QUOTE(ironman16 @ Sep 14 2021, 02:35 PM)
no specific reason, just i dun like that taiko........so i pick second taiko lo.......... cool2.gif

actually no matter which u pick , as long as it is top 20 should b ok i think...... hmm.gif

beside that , hold a few altcoin that u feel is good in future, mana tahu, shooting star  brows.gif
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Thanks mate for sharing this.
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post Sep 22 2021, 01:15 PM

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QUOTE(Rama522 @ Sep 21 2021, 10:15 PM)
there's no charges. you can buy and hold in luno
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The only time when LUNO charges users is the time when users are transacting (buying/selling) right?
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post Sep 23 2021, 05:42 PM

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QUOTE(onthefly @ Sep 23 2021, 12:34 AM)
bank in and withdrawal also got. but minimal

Deposits of MYR 100.00 and over are free, while lower deposit amounts have a fee of MYR 0.70
Withdrawal fee MYR 0.10
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Thank you for sharing. smile.gif
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post Nov 11 2021, 09:39 AM

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QUOTE(JollyRogers @ Nov 11 2021, 01:56 AM)
Rate in LUNO is US$1 = Rm4.12x
He asking about this lah !
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At times I check on the tying rates it's at RM4.16x, or few cents fluctuation.
Correct me if I am wrong.
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post Nov 11 2021, 03:00 PM

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QUOTE(xander83 @ Nov 11 2021, 12:28 PM)
It is around 4.23 atm  doh.gif
It will fluctuate by 2% due FX conversion so you be paying at 4.23
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Meaning for every buy-in transaction, there will be this difference due to the exchanges?
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post Nov 11 2021, 03:29 PM

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QUOTE(lukemanz @ Nov 11 2021, 03:28 PM)
Thansks for the heads up  thumbsup.gif
If you have luno android app, at the home tab, upper right corner have three dots, click it and it will show the exchange to USD, compare it with MYR rate, and you will get the USD to MYR rate
user posted image
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How's your overall experience with LUNO so far? smile.gif
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post Nov 15 2021, 10:06 AM

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QUOTE(zacknistelrooy @ Nov 12 2021, 07:47 PM)
As jack2 said it is determined by demand and supply.

Volatility of the markets also play a role.
At times in May 2021 the rate was around 4.47.

but then 3 months ago when things were quiet it went below the actual exchange rate around 4.13.
Also check other exchanges like Tokenize Malaysia.

Right now ETH is cheaper in Tokenize Malaysia.
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Is Tokenize Malaysia the same as the Tokenize Exchange that originates from Singapore? Or they are totally different companies/entities?
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post Dec 29 2021, 02:13 PM

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One person can only hold one LUNO account correct?
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post Jan 7 2022, 03:34 PM

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QUOTE(kavman1984 @ Jan 6 2022, 11:07 PM)
What is high interest platform for eth/crypto? any example?

but I can just leave the RM10k until x10-20, then withdraw right? even if it drops, just leave it and dont disturb?
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If it drop, don't look at it and don't sell, because you do not make a loss until you sell it, hold through until it profits to the extent that you are looking for.

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