Luno added Bitcoin Cash

Luno, a Malaysian registered DAX operator under the Malaysian Security Commision has just added BCH as their new coming coin following after their announcement on their Facebook page.

BCH is the 5th coin added into the wallet joining among others are BTC, ETH, LTC and XRP.

This is good news!

It has been quite a while

Honestly speaking, it has been quite a while since I last used Luno for making coins purchases after started using Binance.

I was quite shocked that there were a lot of improvement made front-end and the back-end of the applications.

I bought a few LTC and the process was quite fast. I guess the liquidity of Luno is better compared to a few years ago. In fact, I was among the earliest users of Luno. Even the fees are quite reasonable.

One of thing I love using Luno is the fact that, it is user friendly and easier to use even if you want to do trading. One great point about Luno is that it can connect to our local banks through FPX.

The downside, there are only 5 coins available with the recent BCH added so far which makes limitation in portfolio.

As for trading with BCH, the activities are about to begin since there are no activities at the moment.

Not much choice

The government under Security Commission is quite strict when it comes to cryptocurrency flows in Malaysia. All activities either deposit, withdrawal and trading must be monitored and regulated.

That said, we do not have much choice but to use this application for withdrawal purposes. The only other option is by using another two registered crypto regulators which are Tokenize and Sinergy.

Hopes in future

While our blockchain and cryptocurrency is moving slower for adoption, I am looking forward for our local regulators such as Luno to be inline with Binance and other big companies.

The addition of BCH as their 5th coin shows that our cryptocurrency is heading towards the right direction.

Hoping for them to also add $Hive or $HBD, in the near future.

Thank you and Hive on!