SINEGY Marketplace, Malaysian Digital Asset Exchange
SINEGY Marketplace, Malaysian Digital Asset Exchange
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Apr 9 2020, 08:00 PM
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#21
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Senior Member
4,153 posts Joined: Jan 2003 |
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Apr 10 2020, 01:19 PM
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Junior Member
445 posts Joined: Jul 2008 |
QUOTE(ahbi1982 @ Apr 9 2020, 03:38 PM) Hi, Yup, no fees for domestic bank transfers. The Swift code and Intermediary Bank info is for foreign bank accounts when they TT deposits over.it seems like deposit to UOB Malaysia. So, if i transfer from Maybank Malaysia to UOB Malaysia, it does not charge any fees, right? Cz i saw UOB swift code, wondering its TT or not.. |
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Apr 15 2020, 08:57 AM
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#23
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Senior Member
4,153 posts Joined: Jan 2003 |
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Apr 15 2020, 06:31 PM
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#24
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Senior Member
4,153 posts Joined: Jan 2003 |
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Apr 15 2020, 06:37 PM
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Junior Member
445 posts Joined: Jul 2008 |
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May 3 2020, 11:08 AM
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#26
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Junior Member
262 posts Joined: Oct 2019 |
Sinegy exchange trading volume is rather thin compared to Luno.
The presence of market makers to induce liquidity is also quite apparent. Hopefully things will work out for the better soon. |
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May 5 2020, 09:01 AM
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#27
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Senior Member
4,153 posts Joined: Jan 2003 |
QUOTE(CrimsonKing @ May 3 2020, 11:08 AM) Sinegy exchange trading volume is rather thin compared to Luno. It is understandable because Luno has been in existence much longer than Sinegy. Their Malaysian customer base is therefore much larger.The presence of market makers to induce liquidity is also quite apparent. Hopefully things will work out for the better soon. The order books will be more voluminous, with greater liquidity. I suspect Luno also has its own market makers, but less aggressive and apparent. For the record, I am also a Luno customer since 2017. |
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May 5 2020, 02:14 PM
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Junior Member
445 posts Joined: Jul 2008 |
QUOTE(CrimsonKing @ May 3 2020, 11:08 AM) Sinegy exchange trading volume is rather thin compared to Luno. Yes, we're relying more on our market-makers to maintain price stability for now. We're currently working on referral programs and launching our api suite to make it easier for the active traders to market-make.The presence of market makers to induce liquidity is also quite apparent. Hopefully things will work out for the better soon. |
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May 11 2020, 10:18 AM
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Junior Member
445 posts Joined: Jul 2008 |
[TODAY ONLY!!} @ETHKL presents Bitcoin Halving Special: An Exchange with Luno, Sinegy, and Tokenize.
Register now and stay tuned for our LIVE session together with the representatives from the 2 other Malaysian regulated exchanges. Registration: https://www.meetup.com/en-AU/ETHMALAYSIA/ev...QhyAi1kg1dqjFRs |
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Jun 15 2020, 04:00 PM
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Junior Member
445 posts Joined: Jul 2008 |
SINEGY is introducing its new tool - Arb Scanner, a simple interface that displays the price spreads in % and MYR for Bitcoin markets available on Marketplace and Luno.
Arb Scanner is designed for traders and investors in Malaysia to trade smarter by being able to: 1) Instantly look for the most profitable trade between MYR exchanges. Pure arbitrage with no fx conversions. 2) Execute your orders based on the best price! 3) Support the growth of regulated Malaysian exchanges! Use Arb Scanner for FREE here: https://arbscan.sinegy.com/ |
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Oct 1 2020, 12:25 PM
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All Stars
14,360 posts Joined: Oct 2004 |
Why Sinegy has no liquidity de
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Oct 13 2020, 09:44 AM
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All Stars
14,360 posts Joined: Oct 2004 |
I'm withdrawing all assets from Sinegy with the following reasons:
1. Low liquidity 2. BTC withdrawal fee is too high which is 0.2% on your withdrawal amount. Say you deposited 1 btc and you wanna withdraw all. You will loss 0.002 BTC which costs you RM96 at current value of RM48000 per btc |
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Oct 26 2020, 09:47 AM
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Junior Member
470 posts Joined: Apr 2010 |
QUOTE(jack2 @ Oct 13 2020, 10:44 AM) I'm withdrawing all assets from Sinegy with the following reasons: Do we need to look at the spread (~100) when redeeming/withdrawing/selling BTC? If it does, if the spread is too high - the loss would be higher on top of 0.2%?1. Low liquidity 2. BTC withdrawal fee is too high which is 0.2% on your withdrawal amount. Say you deposited 1 btc and you wanna withdraw all. You will loss 0.002 BTC which costs you RM96 at current value of RM48000 per btc |
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Oct 26 2020, 10:03 AM
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All Stars
14,360 posts Joined: Oct 2004 |
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Oct 28 2020, 12:22 AM
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Junior Member
470 posts Joined: Apr 2010 |
Is there a way to have auto DCA of a certain amount (MYR) weekly or monthly order for both BTC and other currency? I find it hard with the trade function at the marketplace...
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Oct 30 2020, 12:11 PM
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#36
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Junior Member
350 posts Joined: Jan 2018 |
Looks like this thread already dead and their representative already stopped replying since June, 2020. Is this SINEGY still legit and operating? Can it be trusted? Anyone still using them, can give some comments? I'm looking for a website to sell off my Bitcoin and liquidity them into my local bank account.
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Oct 30 2020, 12:28 PM
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All Stars
14,360 posts Joined: Oct 2004 |
QUOTE(TechForumer @ Oct 30 2020, 12:11 PM) Looks like this thread already dead and their representative already stopped replying since June, 2020. Is this SINEGY still legit and operating? Can it be trusted? Anyone still using them, can give some comments? I'm looking for a website to sell off my Bitcoin and liquidity them into my local bank account. why dont use luno or me? |
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Oct 30 2020, 12:31 PM
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#38
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Junior Member
350 posts Joined: Jan 2018 |
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Oct 30 2020, 12:59 PM
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All Stars
14,360 posts Joined: Oct 2004 |
QUOTE(TechForumer @ Oct 30 2020, 12:31 PM) Sinergy is low vol and u queue there until days or nights cant get the price liquidated. |
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Oct 30 2020, 05:14 PM
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#40
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Junior Member
350 posts Joined: Jan 2018 |
QUOTE(jack2 @ Oct 30 2020, 12:59 PM) Found your thread here: https://forum.lowyat.net/topic/4285717This post has been edited by TechForumer: Oct 30 2020, 07:00 PM |
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