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 Luno Malaysia, Your experience, reviews, thoughts

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markedestiny
post Aug 21 2020, 10:34 AM

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Where do we find a summary of unrealised P/L in the app?
markedestiny
post Aug 24 2020, 05:46 PM

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QUOTE(mrluno @ Aug 24 2020, 04:31 PM)
Hi markedestiny,

We're looking to add this feature in the coming quarter.

Please stay tune!
*
Great thanks!

My other wishlist biggrin.gif

* more variety of selling/buying orders such as trailing sell/buy order with stop loss, etc

*as the price of cryptos are displayed in RM, can you put the USD in bracket side by side so that we can quickly glance the value in USD? I usually use the USD price to evaluate and track the movement of the cryptos

* more advance charting features to allow the use of TA indicators

Will feedback and suggest if I have any others.
markedestiny
post Nov 26 2020, 09:48 PM

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mrluno, what's with the huge Forex discrepancies between your listed USD and MYR for buying 1 BTC, for eg? This makes buying cryptos on your platform expensive but selling is favourable...

I can't find info on your Forex policy or terms other than the fees.
markedestiny
post Nov 27 2020, 03:16 PM

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QUOTE(mrluno @ Nov 27 2020, 12:59 PM)
Hi markedestiny,

There seems to be a misunderstanding. All trading in MY is purely between MYR/Crypto. We do not do any forex exchange as nothing is converted to USD on our Exchange. When it comes to crypto each Exchange is its own marketplace, this means that the price of crypto is different on different Exchanges - this is because the market participants in a market are the ones who decide the buying and selling price - example see picture attached.

user posted image

Also you can read more about it here:

1) https://www.cnbc.com/2017/12/12/why-bitcoin...t%20the%20price.
2) https://www.investopedia.com/news/why-price...t-around-world/
3) https://www.investopedia.com/terms/a/arbitrage.asp

Do let me know if you have any other questions.
*
Ok noted, not sure if I got it wrong but the price deviation seems to expand after the big selloff yesterday.

This post has been edited by markedestiny: Nov 27 2020, 09:40 PM

 

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