Luno Malaysia: Shariah-Compliant Digital Assets Guide
•By Maher Saham
Artikel ini juga tersedia dalam Bahasa Melayu
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Today, there are various digital currencies known as cryptocurrencies. These digital assets include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH).
Bitcoin is the first cryptocurrency asset ever created, making it the most popular digital asset in the world.
It is produced through a process called mining, which takes an extremely long time using computer equipment.
To participate in buying and selling digital assets, make sure you purchase digital assets that have been verified and approved by the Securities Commission (SC).
Based on the list of legitimate digital assets issued by the SC, Luno is one of the approved platforms.
The Luno platform processed payments worth over RM12 billion in 2021, an increase of 4.3 times compared to the previous year.
First, download the Luno App from the Play Store or Apple App Store. Then click ''Get Started''.
Click Sign Up. You can choose to sign up using your Google account or Facebook.
Enter a PIN number for verification of any buy/sell transactions. Then enter your phone number.
Check your SMS to verify your phone number. Then click ''Set Up Profile''.
Enter your name, nationality, and IC number, then click ''Answer Questions''.
Click ''Answer Questions'' and answer the questions displayed on screen.
Enter your full address. Then click ''Let''s Confirm''.
Take a photo of your IC, take a selfie, and submit.
Now you can start buying digital assets. Click ''Buy'' to top up your Luno Wallet.
Enter the amount you want to top up and click Continue To FPX. A fee of RM0.70 is charged for each transaction.
Make sure you use your own bank account, not a third party''s.
Select your online banking provider and you''re done! You can now start buying digital assets on the Luno platform.
Yes, Luno Malaysia is one of the digital asset trading platforms approved and regulated by the Securities Commission Malaysia (SC), meaning it complies with all regulations and guidelines set to protect investors.
On Luno Malaysia, you can purchase several major digital assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). The Shariah compliance status of each asset may vary - refer to the latest list from the Securities Commission or your Shariah adviser.
Luno charges RM0.70 for each deposit transaction via FPX (Online Banking). Trading fees may vary depending on the type of order and your trading volume.
Yes, you do not need to buy a whole Bitcoin. Luno allows fractional purchases, so you can start your crypto investment with an amount that suits your budget.
Investing in Shariah-compliant digital assets through platforms like Luno is a smart first step, but successful investors do not rely on just one asset class - diversify your investments into stocks, ETFs, and REITs on Bursa Malaysia that are more stable and have a proven track record of delivering consistent returns for long-term investors.
Don''t have a CDS account yet? Open a CDS account now with MaherSaham - it is a mandatory requirement to start buying stocks on Bursa Malaysia, and the registration process can now be completed entirely online.
First time investing? Download our free Stock Basics Ebook which covers all the investment fundamentals in easy-to-understand language before you start making investment decisions.
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