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 Want to move away from Luno

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TSnakal_mode
post Feb 4 2021, 12:08 PM, updated 5y ago

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What other reliable exchange that can be used?

Preferably one that supports direct withdrawal to paper currency.

Support for multi currency withdrawal is a plus.

I have already sold off all my crypto in Luno as I prepared to move out.

What else should I consider if I make the change to other exchange?

Or should I just go FSM instead?
beeMay
post Feb 4 2021, 12:09 PM

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why dont wanna use luno anymore?
EdEd
post Feb 4 2021, 12:09 PM

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luno fee is abit high but worth the convenience i guess
Ickythump
post Feb 4 2021, 12:11 PM

On my way
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Boy96
post Feb 4 2021, 12:11 PM

That's a tripod.
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QUOTE(beeMay @ Feb 4 2021, 12:09 PM)
why dont wanna use luno anymore?
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Coz circuit breaker when price shoot up/down. Cant sell/buy on time
munak991
post Feb 4 2021, 12:13 PM

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binance lo...
at least if u trade in luno, if got problem u can go to Sec Com if any problem.

Binance i dont know, whether is safe enough to trade via P2P?
Every other plateform also ok 1, but the moment u cash out, its via Credit card, and credit card cannot withdraw cash 1
Fanvil1534
post Feb 4 2021, 12:13 PM

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QUOTE(nakal_mode @ Feb 4 2021, 12:08 PM)
What other reliable exchange that can be used?

Preferably one that supports direct withdrawal to paper currency.

Support for multi currency withdrawal is a plus.

I have already sold off all my crypto in Luno as I prepared to move out.

What else should I consider if I make the change to other exchange?

Or should I just go FSM instead?
*
Use binance. If you want to liquidate your cryptos, recommend to use the P2P platform. At the moment, the P2P fees is 0%.
thefryingfox
post Feb 4 2021, 12:13 PM

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Any alternative that is less fees. Yesterday I pump 1000 on eth. Only get 980 or so. Eth go up high...now I take out another fee....so thier fee is profit from my profit. If one time cost ok. Both in and out got cost...
TSnakal_mode
post Feb 4 2021, 12:15 PM

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QUOTE(beeMay @ Feb 4 2021, 12:09 PM)
why dont wanna use luno anymore?
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Because Luno banyak CB (circuit breaker).

Anytime a crypto goes high volatility you cannot buy/sell at all effectively trapping you.

In the end you earn less because you can't sell at the highest point of the peak and you lose more because you can't let go holding when the price is sliding.
EdEd
post Feb 4 2021, 12:15 PM

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QUOTE(thefryingfox @ Feb 4 2021, 12:13 PM)
Any alternative that is less fees. Yesterday I pump 1000 on eth. Only get 980 or so. Eth go up high...now I take out another fee....so thier fee is profit from my profit. If one time cost ok. Both in and out got cost...
*
remitano
rainpearpirate
post Feb 4 2021, 12:16 PM

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vasculio82
post Feb 4 2021, 12:16 PM

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QUOTE(Boy96 @ Feb 4 2021, 12:11 PM)
Coz circuit breaker when price shoot up/down. Cant sell/buy on time
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i never kena this problem before, use the exchange dont use the buy now button
MANUTD676767
post Feb 4 2021, 12:17 PM

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QUOTE(thefryingfox @ Feb 4 2021, 12:13 PM)
Any alternative that is less fees. Yesterday I pump 1000 on eth. Only get 980 or so. Eth go up high...now I take out another fee....so thier fee is profit from my profit. If one time cost ok. Both in and out got cost...
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Binance?
Boy96
post Feb 4 2021, 12:19 PM

That's a tripod.
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QUOTE(vasculio82 @ Feb 4 2021, 12:16 PM)
i never kena this problem before, use the exchange dont use the buy now button
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Excange also kena lock down during the circuit breaker
vasculio82
post Feb 4 2021, 12:20 PM

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r u fully verified in luno?
Syie9^_^
post Feb 4 2021, 12:21 PM

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QUOTE(Fanvil1534 @ Feb 4 2021, 01:43 PM)
Use binance. If you want to liquidate your cryptos, recommend to use the P2P platform. At the moment, the P2P fees is 0%.
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P2P platform are like? unsure.gif Sister is noob to Brokerage. Please show some light wub.gif
UserU
post Feb 4 2021, 12:23 PM

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There are some but it's up to you because each has its own pros and cons. My recommendations list below has Binance, Remi, Kucoin, etc. biggrin.gif

https://vgoskins.com/cryptocurrency-exchanges.
Ickythump
post Feb 4 2021, 12:23 PM

On my way
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QUOTE(thefryingfox @ Feb 4 2021, 01:13 PM)
Any alternative that is less fees. Yesterday I pump 1000 on eth. Only get 980 or so. Eth go up high...now I take out another fee....so thier fee is profit from my profit. If one time cost ok. Both in and out got cost...
*
wow 1000 eth is like 6mil wor
penanghomes
post Feb 4 2021, 12:25 PM

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i was using bittrex before, now change to Binance.

Its very good platform.
UserU
post Feb 4 2021, 12:25 PM

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QUOTE(Syie9^_^ @ Feb 4 2021, 12:21 PM)
P2P platform are like? unsure.gif Sister is noob to Brokerage. Please show some light wub.gif
*
To put it simply.

I want to buy 1 Bitcoin

You have 1 Bitcoin to sell at RM6,969.

I say ok, I buy your 1 Bitcoin

You say ok, I reserve the 1 Bitcoin @ 69,69.

System locks your 1 Bitcoin until I directly make the bank payment to you.

I say ok, pay liao.

You see money inside your account, syiok liao can buy lolex.

You agree to release BTC to me. System transfers BTC to me.

Happy ending.
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