Luno Malaysia, Your experience, reviews, thoughts
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 Apr 26 2020, 09:17 PM
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#1
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Junior Member
425 posts Joined: Apr 2011 
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hi, anyone using Luno upgrade their account to level 3? is it taking a long time to upgrade?
btw, you guys keep your purchased btc/eth/xrp in Luno wallet or transferred out to another wallet? any recommended wallet that is more popular to be used with great support? |
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Apr 28 2020, 01:43 PM
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#2
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Junior Member
425 posts Joined: Apr 2011
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QUOTE(mrluno @ Apr 28 2020, 12:32 PM) Hi stockerzzz, usually it takes about 2 business days to get your account upgraded to level 3. Do let me know if you have any other questions. ya, that is the notification that i saw in Luno app as well. the fact is until now it still not yet upgraded to level 3. it is almost one week since i apply for level 3. this makes me worried should i invest more on this platform if the support is not as it is promised |
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Jun 3 2021, 01:56 AM
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#3
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Junior Member
425 posts Joined: Apr 2011
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QUOTE(!@#$%^ @ Jun 2 2021, 11:43 PM) binance not sure. luno for sure. should be not right? if i invest in crypto for long term capital gain, not for trading. it should not be tax right? |
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Jun 9 2021, 12:40 AM
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#4
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Junior Member
425 posts Joined: Apr 2011
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QUOTE(jett138 @ Jun 5 2021, 02:46 PM) They will not double tax you, if you dont have your irb papers or any proof of receipt for these money they will just freeze the whole lot and declare illicit money. actually i have some question on this, because he mention that he hold the bitcoin since last year, so it is not trading. so consider not source of income. so why still need to declare to lhdn? even if declare let say at Borang BE, need to fill up at which part for this cryptocurrency gain?And confiscate them. not everyone can declare its a donation out of nowhere from foreign account.  another way is to utilize private / privillage banking, if SG look at UOB, OCBC, SG MBB kinda suck. you can withdrawn your sgd in myr on any maeps atm. If you are buying asset here, just go to the nearest branch and your relationship manager will take care of all the paper works for you. you just need to sign nia. Can do both in B or Be depending which you are on. |
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Jul 25 2021, 02:45 AM
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#5
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Junior Member
425 posts Joined: Apr 2011
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so where do you guys stake your btc and eth? you guys think is it safe to stake at binance?
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Jul 25 2021, 04:00 PM
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#6
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Junior Member
425 posts Joined: Apr 2011
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QUOTE(ironman16 @ Jul 25 2021, 08:45 AM) 😁 Can't tell u yet, Bcoz just start staking coin since May 2021. so far i only stake alt coins on binance , i thinking whether want to transfer my btc and eth to binance for stake. seems pretty useless if just sitting without staking.So far seen OK for me. |
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Aug 15 2021, 12:06 PM
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#7
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Junior Member
425 posts Joined: Apr 2011
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QUOTE(hallojohnnycash @ Aug 14 2021, 10:17 PM) JUST FYI. (CHECK YOUR ORDER HISTORY VS TRADE HISTORY) wow, that is quite some error. this means you didnt have sell order, but in your trading history have sell activities?I reported an issue of "extra" trading activities listed in my trading history. Waiting for them to revert. My recent activities was only 4 buy order (2 dates), but it was listed extra 7 sell activities with fees (about RM 4) in the trade history. My concern is not so much of the fee rather those extra sell activities coz on paper it looks like its a trading activities. Capital gain is not taxable but if it seem like actively trading, then the tax man can classify as revenue and its taxable. I checked back my previous months i.e May and June, no such discrepancies. Hope it just a system bug, else will need to highlight to financial authority. Coz Luno as part of the authorised DAX will definitely need to submit their transactions as part of yearly audit and whatnot. Not saying that they songlap the fee. Imagine if this error affects nearly 300k users of them...hehehe...  |
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Sep 21 2021, 03:39 PM
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#8
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Junior Member
425 posts Joined: Apr 2011
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QUOTE(penanghomes @ Sep 21 2021, 11:58 AM) If i transfer from LUNO to BINANCE, i wont face any problems from SC Malaysia rite ? i also have the same question, if i transfer from binance back to luno to cashout, whether will this alert them. because this could be one of the way for money laundering. |
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Sep 21 2021, 05:48 PM
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#9
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Junior Member
425 posts Joined: Apr 2011
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QUOTE(!@#$%^ @ Sep 21 2021, 05:36 PM) SC should be the least of ur concern. haha LHDN should be the main concern? haha !@#$%^ liked this post
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Sep 21 2021, 07:47 PM
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#10
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Junior Member
425 posts Joined: Apr 2011
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QUOTE(cawan @ Sep 21 2021, 06:28 PM) im new. should be no chargewas there monthly charge or yearly charge from Luno in our coins? how about passive account. not active for long period, what will be next? i could not found this info. cawan liked this post
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