QUOTE(3822 @ Dec 21 2017, 01:26 PM)
Heard lots of users have such problems. Mind to explain more? Is it the withdrawal waiting time too long?Luno Malaysia, Your experience, reviews, thoughts
Luno Malaysia, Your experience, reviews, thoughts
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Dec 21 2017, 01:51 PM
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#1
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Jan 11 2021, 12:13 PM
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QUOTE(luna121245 @ Jan 11 2021, 10:46 AM) Refer to picture below, does it mean there are 3 cut-off time in a day, and if I request withdrawal before 10AM, I can expect to see withdrawal amount in my bank account around 11AM? Usually if I withdraw in morning, I will get the amount reflected on my bank account during evening 6pm something. I don't think it will be that quick. I always withdraw to Maybank. |
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Jan 11 2021, 12:58 PM
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QUOTE(luna121245 @ Jan 11 2021, 12:29 PM) Thanks for your feedback, then I wonder what is the cut off time for Withdrawals take up to 24 hours (on business days), usually if you follow all the steps and withdraw before 3:45 PM, you'll receive your money by 11 PM the same night (on business days, public holidays excluded). This message is from Luno support assistant which I have asked before. I hope it helps and hope you will see your credited amount in your bank account soon!Anyway I just requested a withdrawal yesterday, will see what time today I will receive the fund |
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Jan 11 2021, 01:58 PM
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Jan 12 2021, 02:36 AM
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Jan 13 2021, 12:20 AM
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Jun 3 2021, 08:07 PM
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#7
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QUOTE(rpg @ Jun 3 2021, 10:04 AM) I did try with luno last time. Rm40k overall banked in 3 days. But now is higher amount, so i don't want unnecessary attention from tax. Not sure if crypto even taxable. Quite a large sum of money. Did bank or LHDN check on your 40k transaction? I heard that if any large transaction withdrawn to local bank will get flagged. And they may come for you. Unsure how we should deal if face with such issue in future. |
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Jun 3 2021, 09:48 PM
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#8
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QUOTE(soul78 @ Jun 3 2021, 09:29 PM) The only best source on how to tackle TAX for crypto is in the article below. I would suggest everyone to go through it if they have any doubts. This is a good article. Thanks, mate.In summary, if you don't trade as a form of generating income but rather than showing and providing proof that you're investing. Should should be fine and not subjected to tax. https://www.theedgemarkets.com/article/thew...-need-pay-taxes "“If a person is just investing on the side as a hobby, then it’s fine. But if the frequency of transactions is high, that can become an issue. Some people borrow money to invest and this can be flagged [by the tax authorities as an intent to profit] as well, since they will need to pay back the loan,” says Chong Mun Yew, executive director at Crowe KL Tax Sdn Bhd." |
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Jul 7 2021, 08:07 PM
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Jul 9 2021, 05:58 PM
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#10
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