Greetings all , since luno is down currently ,
I want to know whether anyone here has experience using Coinbase with singaporean bank for trading ?
Without residing/working in singapore or having singapore telephone.

We have plenty of relatives and friends in singapore but it would be a hassle to bug them for multiple transactions.

Thanks

Edit : Any advise on opening singapore bank account if I am not working in sg or have anything to do there . iSavvy Maybank looks viable.
http://www.maybank2u.com.my/WebBank/iSAVvy...pForm010714.pdf

This post has been edited by RC1234: Dec 30 2017, 06:51 PM

Luno is not down right?

Luno's bank account was frozen by Maybank/Bank Negara. You can't deposit or do withdrawals on Luno with MYR.

It was opened back a few days ago.

source?

https://luno.statuspage.io/incidents/lzzrvb1mq51y

No it's not.
Nope.

Anyone try to deposit MYR to coinhako? Is it working?

No, i think they are not operating on weekend and also public holiday.

It says maybank. You can still withdraw from CIMB or other banks..

No, you can't. Stop spreading misinformation

From my knowledge, we can open up an account with Maybank Singapore if you're an existing Maybank Malaysia holder.
Then from Maybank SG should be able to link up with coinbase.
Downside...all is in SGD 🙄

LUNO acc in Malaysia is Maybank. this acc frozen. i have pending withdrawal with them. will update once it clear.

SGD not really a downside if it works, money is still money

i am concerned regarding coinbase side also , as in a singapore bank account may not be sufficient , later they want signapore driving licence/ IC bla bla
Anyways , my friend would be trying soon as he is going singapore, shall update you guys.

Go check their app. That payment problem page still up...

Yes the withdrawal and deposit issue still persist. I found 2 other alternatives, Xbit and Localbitcoins.

Not sure about the quality though. So far Luno is working wonder for me.

Keep us posted.

Any update ?

Dont know a solution to your query but coinbase limit very low only.. can buy 200 usd weekly only .. or maybe i dont know how to increase the limit ..


Plus opening a bank acct in singapore requires a lot of KYC and not as easy as before.. for non residents

This post has been edited by joeylny: Jan 17 2018, 04:36 PM

I suggest you check the 'open Singapore account' procedure properly. Not so easy I think.

To open Singapore coinbase account your internet connection needs to be located in SG (i.e. physically in SG or through VPN). If not your location will be permanently set to MY and you can’t do anything.

If you want to do bank deposits (assuming you have SG bank acct) coinbase uses a payment intermediate called Xfers. If you deposit large amounts you need to do KYC with xfers as well. Plus coinbase also needs sg ID to do verification before you can buy as well. Plus side is bank deposits have lower fees of 1.49%.

Also coinbase needs a phone number to send OTP. I doubt they will accept MY phone numbers if it’s a SG acct.

Hope that helps.

I just used my gf to register coinbase sg, and the xfer service is down, only can use debit card/credit card to purchase (3.4% fees). Besides, after purchase first sgd 100 worth of btc. My limits isn't upgraded yet.

I'm selling my bitcoin - i can give better pricing than luno. Transaction will be in local bank - cash - bitcoin will be given to your address instantly

There is a limit for Coinbase SG only $200 SGD per week coz xfers is temprary pausing any deposits so better stick to myr