Is LUNO Malaysia Still Worth It for Crypto?

As crypto evolves, so do the platforms that support it.

For many Malaysians, LUNO Malaysia has been a go-to for trading and investing, but is it still worth using?

With the U.S. presidential election on the horizon, potential economic shifts could ripple into the crypto world, impacting popular coins like BTC, ETH, and SOL. Plus, LUNO recently introduced staking for SOL—a new way for users to grow their holdings.

NOTE: In this article, I explore how potential shifts in U.S. leadership—whether Harris or Trump—could affect Malaysia’s economy, focusing on trade flows and consumer spending. This piece delves into possible scenarios for sectors like manufacturing and technology, highlighting how U.S. policies on trade agreements, tariffs, and economic priorities might shape Malaysia's market landscape.

In this post, I’ll cover what to watch in the U.S. election’s aftermath and explore how staking works on LUNO, helping you decide if it’s still the right platform for your crypto journey.

The U.S. Presidential Election: Why it Matters for Crypto on LUNO Malaysia

Economic Policies and Crypto Sentiment

The U.S. election is more than just a national event—it has global effects, especially when it comes to economic policy. Whether it’s Harris or Trump, each administration will likely bring a unique stance on issues like inflation, regulation, and digital assets. While Trump’s approach could be more market-driven, Harris might lean into regulatory frameworks, potentially affecting global crypto sentiment.

For LUNO users in Malaysia, these shifts could influence coin prices in surprising ways. Knowing the basics of each candidate’s potential policies might help prepare for sudden changes in crypto values.

Coins to Keep an Eye on

Let’s take a closer look at a few key coins here in Malaysia on LUNO that could react to the U.S. election:

Bitcoin (BTC): BTC often behaves like digital gold, meaning it could either hold value or drop depending on economic confidence. A market-friendly president might bolster BTC’s status as an investment, while regulations could slow down its gains.

Ethereum (ETH): ETH’s price is typically more affected by its network upgrades than political shifts, but the election could still indirectly impact it by influencing investor sentiment in the crypto space.

Solana (SOL): Known for speed and low transaction fees, SOL has caught a lot of attention in recent years. Depending on the election outcome, SOL’s price could see volatility, especially with its role in decentralized finance (DeFi) projects, which could face new U.S. regulations.

SOL Staking on LUNO Malaysia: A New Way to Earn Passive Income

What Exactly is Staking?

If you’re not familiar with staking, think of it as a way to earn rewards by holding and “staking” a specific cryptocurrency. Unlike trading, staking doesn’t require you to constantly monitor price movements. Instead, you lock up your coins, which helps secure the network, and in return, you earn rewards over time.

Why Staking SOL on LUNO?

Recently, LUNO Malaysia introduced staking for SOL, giving users a chance to earn passive income with their holdings. With SOL staking, your returns depend on the number of coins staked and the staking period. Since staking rewards vary, it’s worth checking what LUNO offers if you’re interested in steady growth without the need to actively trade.

Staking on LUNO is straightforward—you just need to hold SOL in your wallet, and the platform manages the technical aspects for you. Plus, unlike some other methods, staking SOL on LUNO doesn’t require special equipment or technical knowledge, making it beginner-friendly.

Pros and Cons of Staking SOL

While staking can be a good way to build your SOL holdings, it’s not without risks. The main advantage is the potential to earn additional SOL simply by holding it on LUNO. However, keep in mind that staking locks your funds for a set period, meaning you can’t access them if you need quick liquidity. Also, SOL’s price can be volatile, so even though you’re earning more SOL, its market value may fluctuate.

Final Thoughts: Is Now the Right Time to Dive Into Crypto on LUNO Malaysia?

With the U.S. election creating waves in the financial world and new features like SOL staking now available on LUNO, there are plenty of options to explore. For those already trading on LUNO or considering it, keeping an eye on these global events can help in making informed decisions. Staking might appeal to those who prefer a more passive approach, while others may prefer active trading to navigate market changes.

Crypto remains a high-risk, high-reward space, but with platforms like LUNO Malaysia adapting to user needs, you have more ways than ever to participate. Whether you’re looking to stake SOL or trade other coins, LUNO provides tools for both beginners and seasoned investors.

If you’re ready to learn more or dive deeper into crypto on LUNO Malaysia, feel free to check out my previous post on Using LUNO Malaysia for Trading and Investing to get started with confidence!