What fee?

okay got it.

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

Many people want to buy coins from other exchanges and transfer to Luno to sell at higher price and make an instant 20-30% profit. Do you think that make sense ? You can sell as high as possible and keep the money in Luno wallet but you can't cash out. Luno is being investigated by IRB and their account is frozen now. There is no way you can withdraw your money from Luno until IRB cleared Luno. You can only cash out your money via coins to other exchanges but you can only sell at market rate which is 20-30% lower than Luno price. Luno issue will not be solved in 1-2 weeks time and it will take longer. I am also stuck in Luno to be honest!

You can sell high but you can't cash out. That is the biggest problem. At the monent, you can only withdraw through coin which you will need to buy back.

IRB will request a lot of documents from Luno and us if you file a complain. We can't do much actually, just wait for Luno to settle and i believe once settled, the price will not be 77k. It will drop back to market price.

This post has been edited by kb2005: Jan 20 2018, 09:54 AM

I guess he want to withdraw money instead of sending coins over.

You confirm next week can withdraw?

That guy must be from Luno Malaysia.

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!

Frankly speaking, i don't know! I only know Luno price is ridiculous now, who want to buy at such high price? I really don't understand why got such buyers. If sellers, i fully understand as they want to maximize profit but again, how to cash out now is the question!

If you buy low which is below 50k, you can still make money. Looks at Luno price now 68.6k vs market price from Remitano of 51.6k. Those buying from Luno at 70k or above if transfer out will loss 18.4k instantly. That is why Luno customers prefer to wait and hope the withdrawal issue solve. That is why Luno purposely control the price very high to prevent people from leaving.

Yes they can deposit. Only coin transfer.

That is the only option. I can transfer to my ledger nano s as well.

Who is Kimberly ? I saw she replied last week like she is working in Luno.

That is for Luno and LHDN to settle the issue. While they are working on it, we're the victim here. Got cash but can't withdraw.

Not too sure if the ship will sink and i personally think the issue will not be solved so soon. I have decided to send all coins to my hardware wallet. At least my coins are safe now.

You made a good point. People still die die stay in Luno because Luno price is 20-30% higher than market price. If you transfer out and sell, you loss that 20-30%. So it is a gamble. By the way, if the issue been solved, i believe immediately the price will back to market price. So no point keep money in Luno in my opinion. You risk your own money there!

That was what i thought too. But when the system will be back? You can sell at highest but you can not withdraw the money. So no point.

So you can buy at Luno price?