Which wallet?

[marine1]

You're wasting money buying daily amounts like that, especially instant-buy with a CC. Rather fund your account with larger amounts and go buy on the exchange.

Could you explain that to me? I have only ever bought on Luno like this

 

[saor]

Could you explain that to me? I have only ever bought on Luno like this

You're paying fees every time you buy, especially when you use the instant-buy function. You incur fees every single time you do this - so if you're buying small amounts of btc each day you're just throwing money away in fees. Can't see any reason why you'd do this vs. waiting till month and and then buying

 

[backstreetboy]

Ok I went to Binance, does this mean I now have Bitcoin or is it only my Rands that I paid?


View attachment 1050901

You have BTC... Search for the BTC coin and check your balance.

 

[Snyper564]

Bullshit.
People here knew people who had it happen to them. Can't recall seeing a single first-hand account.

I know first hand was my mom, most boring banking profile in the world except for a handful of crypto transactions.

Canceled, absolutely no warning, account just stopped working when asking why she was bounced from one person to the next. Then eventually got the below letter.

Screenshot of letter

 

[NarrowBandFtw]

Not sure what limits you're talking about?

he might be talking about instant EFT which has a relatively low per-transaction limit

in which case a workaround is simple: normal EFT

 

[Mr M]

Standard Bank and Luno seem to work well - SB Internet payment takes 24 hours to reflect in the Luno wallet.

 

[Jet-Fighter7700]

@marine1 , I was also quite worried about FNB just arbitrarily closing my account, so decided to get ahead of this,
opened a Tymebank account, and can do instant EFT from Luno with that easily.
(also Tymebank is super simple and free to open, and cost literally nothing)

and good luck to FNB closing my account when I simply withdraw to my FNB but deposit to my Luno account from Tymebank

 

[scienide]

Bullshit.
People here knew people who had it happen to them. Can't recall seeing a single first-hand account.

My Nedbak account did not get blocked, did more transactions than my wife.
Her FNB got blocked the end of last year. still can't add fund from her FNB to crypto (luno, crypto, valr etc) they blame sars when contacted them (said we went over the 1mil limit or some crap

 

[Snyper564]

My Nedbak account did not get blocked, did more transactions than my wife.
Her FNB got blocked the end of last year. still can't add fund from her FNB to crypto (luno, crypto, valr etc) they blame sars when contacted them (said we went over the 1mil limit or some crap

thats legit

its SARB not SARS

You capped at R1m SDA per year forex unless you get TCC approval then you can hit R10m

This hard cap wont let you even do a R49 spotify payment. It resets in Jan

 

[scienide]

thats legit

its SARB not SARS

You capped at R1m SDA per year forex unless you get TCC approval then you can hit R10m

This hard cap wont let you even do a R49 spotify payment. It resets in Jan

but did not even get close to R1m

PS: it has not reset for her yet...

 

[HavocXphere]

If you have access to a foreign bank account use that. None of this nonsense and in some cases no fee for deposits

 

[Snyper564]

but did not even get close to R1m

PS: it has not reset for her yet...

call them it should reset 1 jan