LUNO REVIEW 2020- EXCHANGE BITCOIN, XRP OR ETHEREUM
LUNO REVIEW 2020- EXCHANGE BITCOIN, XRP OR ETHEREUM
With the recognition of digital currencies rising since the past years, many companies have risen to make technologies and platforms to assist the management of those cryptocurrencies. Luno is one in all those companies that provide technologies and tools that aid the buying, selling, and absolute transaction with cryptocurrencies.
In this post, i’ve got taken time to relinquish you each little bit of what you ought to comprehend Luno. I expect you to read together with keen interest so you may get as of our gist here.
IS LUNO LEGIT OR SCAM
IS LUNO LEGIT OR SCAM?
It is normal to ask this type of question especially after you are unaccustomed cryptocurrency or bitcoin. However, with over 4 million customers in 40+ countries, and for the explanation that it’s been around for over 5 years, one could conclude it’s legit and not a scam. Testimonies from users are more positives than negatives.
Luno provides a secure and secure environment for everybody to deal in bitcoin or cryptocurrencies like ripple and ethereum.
The major issue people do complain about is that the limited customer support which i think is because of facing high contact volumes plus an increased number of individuals that register on a day after day. Still, they always get back to you
WHAT IS LUNO?
Luno may be a cryptocurrency exchange facility that gives a technology platform where users should purchase, sell, and store digital currencies like Bitcoin, Ethereum, and so on. Users may pay money for products and services using their cryptocurrency wallets on the Luno platform.
Luno was formerly called BitX and its headquarters is in London. Available in about 40 countries, Luno currently has over 3.5 million users.
As one of the pioneers within the industry, Luno has continued to grow from strength to strength right from 2013 when it absolutely was established. By 2018, Luno is alleged to own processed over $5 billion.
PROS AND CONS OF LUNO
You can buy, sell or send cryptocurrency with Luno with no difficulty.
With your receiver’s email address or sign, you’ll be able to send BTC, ETH, and others.
The built-in Luno wallet helps to simplify things for brand new users.
You can sign-up quicker and begin using the platform leveraging on the various levels of verification.
By using Luno, you’re totally entrusting your cryptocurrency wealth to the corporate. you’ll bear the chance of loss.
Debit or mastercard transfers don’t seem to be supported on Luno
If you’re transferring large fiat currencies or crypto, Luno will batch the transfers and this slows down the whole process.
It doesn’t have a community or forum where users could discuss trends.
WHAT DOES LUNO OFFER?
Luno allows its clients to shop for and sell Bitcoin and Ethereum simply and during a secure manner, using the cryptocurrency wallet built into the system.
Luno also supports a decent number of worldwide fiat currencies like Euro, pound, US Dollar, and South African Rand.
In addition to the availability of a secure and straightforward platform for trading cryptocurrency, Luno also offers brokerage, training, and consultancy services; they assist the interested public within the understanding of the complexities involved in Bitcoin, Ethereum and other digital currencies.
HERE ARE THE SERVICES LUNO OFFERS:
1. LUNO CRYPTOCURRENCY TRADING PLATFORM
Using the Luno cryptocurrency platform, you’ll be able to buy and sell cryptocurrency with ease. This platform is intended to facilitate the electronic process involved within the cryptocurrency transaction.
This trading platform creates a linked account along with your checking account, specified you’ll be able to begin to trade Bitcoin and Ethereum as soon as your account gets verified.
2. LUNO WALLET
This Bitcoin wallet allows you to store, buy, and sell your Bitcoin. The Luno Wallet is an app developed to store public and personal cryptographic keys and also interact with blockchain technology so you’ll complete transactions, store, and monitor your cryptocurrencies.
So, to shop for or sell any cryptocurrency, you may have a cryptocurrency wallet; the Luno Wallet offers you that.
3. LUNO BROKERAGE SERVICE
The Luno brokerage service helps to attach cryptocurrency buyers with sellers. Cryptocurrency, however, is traded at a quoted charge per unit which has a brokerage fee; this fee varies with different market conditions.
The brokerage service offered by Luno is most preferred by parties who are managing large trades. It offers a ground for better price, convenience, and suppleness.
SECURITY AND REGULATION
One of the foremost popular questions people ask about Luno is its level of trustworthiness. Of course, nobody wants to try and do business with dubious people. Maybe you may make your decision on their authenticity when you’ve had this:
On March 31st, 2020, Luno confirmed it’s been registered on Indonesia’s Commodity Futures Trading regulatory authority which is named Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. The registration certificate number is: 007/BAPPEBTI/CP-AK/03/2020
Unlike online investment platforms or e-wallet services, Bitcoin is monitored by BAPPEBTI. This opens a door on the legality of using the Luno platform.
The verification and security measures of Luno helps to make sure that users’ accounts are secure and kept faraway from intruders.
HOW TO DOWNLOAD LUNO
Luno is obtainable on IOS, Android and on the online. to put in Luno on Android, visit Play Store.
Search “Luno app“
Click “Install” to own it installed on your Phone.
To install on iPhone or iPad, visit the shop to download the Luno app.
Here may be a referral code if you wish one – 64EYJF. We both get some take advantage bitcoin after completing a task.
HOW TO OPEN A LUNO ACCOUNT
To create a Luno account after downloading the app from play store or itunes, open the “Luno App” from your device.
Tap the sign on button
Enter your email address and choose your country of residence.
Check the “I am not a robot” box
Tap the blue join up button at the bottom of the page.
After this, Luno will send a verification link to the e-mail address you entered. So confirm you’ll be able to access the e-mail you decide on to enter.
HOW TO VERIFY YOUR IDENTITY
When you have successfully created your Luno app, you may must verify your identity so as to proceed with the particular business on the platform.
So, go surfing to the Luno platform using your password and email.
A pop-up will appear; click the “Verify Now” button and also the bottom right of the pop-up.
On the left-hand side of the following page, click on the “Settings” tab.
Now, enter your details in their proper fields. you’ll enter such information as your name, surname, and telephone number.
Finally, click the verify button and submit the needed documents.
By verifying or upgrading your account, your monthly/daily limit are going to be increased.
What payment methods are supported by Luno?
The payment methods available on Luno are:
Electronic funds transfer.
What fiats and cryptocurrencies are supported on Luno?
There are 8 fiat currencies accepted on Luno. They include:
Is Ethereum supported by Luno?
Yes, Ethereum (ETH) is one amongst the cryptocurrencies supported on the Luno platform.
How much does Luno Charge?
There is no certain amount charged by Luno on transactions. the quantity you’re charged depends on the currency you’re operating with and also the size of your transaction.
Which countries are Luno available?
Luno is obtainable in about 40 countries within the world. In Africa and Asia, the subsequent countries are accepted:
While in Europe, the subsequent countries are accepted:
Isle of Man
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