About Luno
Characteristics of Luno
Lunuo trade
Lunofi
Safety of Luno
About Luno
Luno is one of the world's leading cryptocurrency exchanges, with its headquarters in Cape Town, Singapore and London. The company's vision is to completely change the monetary system by introducing bitcoin into the monetary system. This makes the currency not bound by any authority, and users can take advantage of all the benefits of the decentralized system.
Characteristics of Luno
Luno has a team with different backgrounds such as engineering and finance, and has worked for top technology and financial companies. They come from Microsoft, Amazon, Google, Barclays and so on, so the team brings diversity and more experience. The team aims to improve users' accessibility to Bitcoin.
Luno has some very powerful investors, such as Naspers, DigitalCurrencyGroup and Ventura. Therefore, the company has received the support of well-known enterprises in the industry.
Users have several payment methods in different geographical areas to fund their accounts. Single Euro Payment Area (SEPA), Bank Transfer, Electronic Funds Transfer (EFT) and Inter-bank Direct Transfer (IBG) are some payment processing platforms on Luno.
Lunuo trade
deposit
Be sure to verify your identity before saving money. Log in to Luno and click Wallet on the menu. Then click "Deposit" and follow the instructions. Online bank transfer from your bank account to Luno bank account. Once the money is transferred, you will receive an email notification that you can buy Bitcoin.
dislodge
After selling cryptocurrency, you may have to withdraw local currency from Luno to your bank account. For simplicity, please ensure that your identity is verified and that your bank account is associated with your Luno wallet in order to request withdrawal.
Open the Luno application on your phone. Select e-wallet from the menu, and then select withdraw money from your local currency account. Enter the amount you want to withdraw. Then choose your bank account. Enter your Luno application PIN.
Congratulations, you have successfully requested to withdraw money from Luno wallet.
mode of trade
Users must inject funds into Luno account before placing an order. You can use various available payment methods to add funds. Once there is enough money, users can start trading.
Buy/sell at Luno
In order to buy and sell on Luno, the user can choose the cryptocurrency market and the amount he wants to invest, and finally place an order. Users can view various market analysis tools to analyze the real-time price and 24-hour trading volume of cryptocurrency.
Luno trading platform
The Luno trading platform is very easy to understand. Transaction view with market analysis tool, order book and recent transactions. This helps traders to understand the market before trading.
Lunofi
At present, only users in Malaysia, South Africa, Nigeria, Indonesia and some European countries/regions can use Luno. The platform provides various ways, such as SEPA transfer, bank transfer and IBFT/EPF inter-bank transfer.
The platform charges zero MKR handling fee, and the payee's handling fee is between 0.20%- 1.00%, depending on the currency pair.
The deposit is free, but Luno currency only accepts local currency. Different currencies have different withdrawal fees.
Luno purchase restriction
Luno purchase restrictions depend on the authentication level.
Level 0-Email authentication. Users cannot deposit/withdraw legal tender at all.
1 level-telephone authentication. Users can deposit/withdraw 1000 euros at most.
Level 2-Authentication. Users can deposit/withdraw up to 5,000 euros per month.
Level 3-proof of residence. Users can deposit or withdraw up to100,000 euros per month.
Safety of Luno
In terms of security, Luno follows strict policies and advanced technologies. Money is stored in deep frozen storage, thus keeping it offline. Wallet adopts multi-signature technology with private key, which can make money more secure against cyber crime and eliminate the risk of fluctuation.
There is also some money in the hot wallet, which is handled by Bitgo. Bitgo uses multi-signature technology to maintain these wallets. The transaction needs the approval of more than two parties. Therefore, users use Bitgo to control the private key and public key. Hot wallets are basically used for quick transactions, such as withdrawing money.
Another function of security is two-factor authentication (2fa), which users can enable. Users can download Google Authenticator on the device and scan the QR code of Luno account. After the two accounts are synchronized, 2fa will be activated. So every time you log in, you will enter a 6-digit code in the registered mobile phone number.
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