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 Want to move away from Luno

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Syie9^_^
post Feb 4 2021, 02:00 PM

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QUOTE(whyamiblack @ Feb 4 2021, 03:28 PM)
IMO the only time anyone should use Luno's basic buy/sell is when you can use those RM25/RM50 free coupon etc. That's why they give those coupons. To promote the simple function. But that simple function comes at a cost and a way for them to make extra profits. After the coupon, exchange is a must.
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I found it. I thought you can ONLY execute/do trade it from phone. blush.gif wub.gif thank you thumbup.gif

This post has been edited by Syie9^_^: Feb 4 2021, 02:00 PM
stevenryl86
post Feb 4 2021, 02:01 PM

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I thought you can only trade buy sell with those platform approve by security commission?

Other than that you're not allowed?
potatolala
post Feb 4 2021, 02:02 PM

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QUOTE(Syie9^_^ @ Feb 4 2021, 01:55 PM)
Really?
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I'm abit shocked that some of you did not know that there is an exchange in Luno.

In https://www.luno.com/, look for the word "Exchange" or "Trade (Don't know why in firefox is called Trade)".

In app, at the upper right, look for the 3 dots.
whyamiblack
post Feb 4 2021, 02:03 PM

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QUOTE(stevenryl86 @ Feb 4 2021, 02:01 PM)
I thought you can only trade buy sell with those platform approve by security commission?

Other than that you're  not allowed?
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You can but at your own risk. If they collapse or any issues with them, SC will not help.
potatolala
post Feb 4 2021, 02:05 PM

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QUOTE(stevenryl86 @ Feb 4 2021, 02:01 PM)
I thought you can only trade buy sell with those platform approve by security commission?

Other than that you're  not allowed?
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You are allowed but at your own risk.
If anything happens to Luno, SCM can help you.
Others that are not regulated, sendiri settle
BuKeYi
post Feb 4 2021, 02:05 PM

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QUOTE(throwaway_1146 @ Feb 4 2021, 01:52 PM)
remitano not very professional in my experience, there are few times my fund get stuck and need to contact customer support and they took 2-3 days to solve my problem.
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ic, i'm not daily trader...normally hodl for sometimes only sell it. so far ok for me, didn't experience such issue.

TSnakal_mode
post Feb 4 2021, 02:07 PM

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QUOTE(AllnGap @ Feb 4 2021, 01:13 PM)
What earn less ?

The other day when xrp dumped, I scooped XRP 30% below market.
CB is meant to protect you all
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Except in my case I do earn less.

I try to sell when it hit RM3 but Luno go CB cannot sell.

When I am able sell the price already dropped far lower.
Ivan113
post Feb 4 2021, 02:14 PM

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have anyone use both remitano and Binance p2p? which one is better?
teehk_tee
post Feb 4 2021, 02:16 PM

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QUOTE(Ivan113 @ Feb 4 2021, 02:14 PM)
have anyone use both remitano and Binance p2p? which one is better?
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thanks to Doomsday i now use Binance as the primary CEX instead of Luno.

of course DEX is plentiful and very easy to use with Metamask wallet.
Ivan113
post Feb 4 2021, 02:37 PM

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QUOTE(teehk_tee @ Feb 4 2021, 02:16 PM)
thanks to Doomsday i now use Binance as the primary CEX instead of Luno.

of course DEX is plentiful and very easy to use with Metamask wallet.
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dex has very very limited capability now due to how ethereum works, I guess things will be better when Polkadot or Cardano DEX go live. Luno is really for dinosaur use, not much innovation or features from them other than sell/buy.

And it got worst, it charges me RM15 for transaction fee in Luno, but in the blockchain explorer I saw the fees is like only RM5, so stupid one.
Syie9^_^
post Feb 4 2021, 03:56 PM

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QUOTE(potatolala @ Feb 4 2021, 03:32 PM)
I'm abit shocked that some of you did not know that there is an exchange in Luno.

In https://www.luno.com/, look for the word "Exchange" or "Trade (Don't know why in firefox is called Trade)".

In app, at the upper right, look for the 3 dots.
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I didnt Know there is exchange with B747 cockpit sad.gif


iwubpreve
post Feb 4 2021, 04:01 PM

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any platform can use credit card without much fee?
nelienuxe_sara
post Feb 4 2021, 04:07 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?
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remitano?
munak991
post Feb 4 2021, 04:09 PM

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QUOTE(soul78 @ Feb 4 2021, 12:36 PM)
Have you tried cashing out to credit card??... i heard that it doesnt work...
visa or master card?
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i did, i cash out to Visa. they will Debit all the cash amount.
but u cannot transfer to your Saving/current account ( depend on bank, Maybank dont allow)
ShinG3e
post Feb 4 2021, 04:25 PM

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QUOTE(Ivan113 @ Feb 4 2021, 02:14 PM)
have anyone use both remitano and Binance p2p? which one is better?
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Binance P2P rates are better than remitano. U can compare their rates before doing the transactions.
soul78
post Feb 4 2021, 04:37 PM

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QUOTE(munak991 @ Feb 4 2021, 04:09 PM)
i did, i cash out to Visa. they will Debit all the cash amount.
but u cannot transfer to your Saving/current account ( depend on bank, Maybank dont allow)
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Cc from which bank ler?.. i would want to register also in this case.. More options than cashing out apart from luno is always welcomed..
munak991
post Feb 4 2021, 04:38 PM

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QUOTE(soul78 @ Feb 4 2021, 04:37 PM)
Cc from which bank ler?.. i would want to register also in this case.. More options than cashing out apart from luno is always welcomed..
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Maybank cant trasnfer from CC to Saving/Current.

i dont know other bank, but like may said, use P2P. u can straight cash into your bank account
TSnakal_mode
post Feb 4 2021, 04:56 PM

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QUOTE(nelienuxe_sara @ Feb 4 2021, 04:07 PM)
remitano?
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Remitano seems very risky since it depends on the dealing between users instead of selling on a market.
Doomsday
post Feb 4 2021, 05:38 PM

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QUOTE(teehk_tee @ Feb 4 2021, 02:16 PM)
thanks to Doomsday i now use Binance as the primary CEX instead of Luno.

of course DEX is plentiful and very easy to use with Metamask wallet.
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all the best bro, any misc not sure can post here..

together untung besar cool2.gif
nelienuxe_sara
post Feb 4 2021, 08:19 PM

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QUOTE(nakal_mode @ Feb 4 2021, 04:56 PM)
Remitano seems very risky since it depends on the dealing between users instead of selling on a market.
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what risk?
buy and sell at the rate set early in the morning

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