Luno
| Coin | Pair |
|---|
What is Luno?
Founded in 2013, Luno is a global cryptocurrency exchange and wallet provider headquartered in London. It operates with regional hubs in Singapore and Cape Town. Luno has processed over USD$14 billion in transactions, serving more than 5 million customers across 40+ countries. As an independent operating subsidiary of Digital Currency Group, Luno aims to 'upgrade the world to a better financial system.'
Vision and Services
Luno's vision is to enhance the global financial system. The platform offers an instant buy/sell feature, allowing customers to purchase crypto with their local currency. Additionally, users can trade across 25 crypto to fiat pairs on the Luno Exchange, accessible through the Luno API. The BTC Savings wallet enables customers to earn interest on their Bitcoin holdings.
Security Measures
Luno prioritizes the security of its users' funds. Approximately 95% of crypto assets are stored in "deep freeze" multisignature wallets, secured by various encryption layers. The company collaborates with regulators in its operational markets and supports progressive cryptocurrency industry regulations. Robust AML/CFT measures, including a mandatory KYC process, registration with financial intelligence authorities, and reporting of suspicious activities, are in place.
How Luno Works
Platform and Accessibility
Luno operates as a cryptocurrency exchange with both a web platform and a mobile app available on iOS and Android devices, as well as desktop.
Features for U.S. Investors
For U.S. investors, Luno offers essential features, including buying and selling cryptocurrency, sending crypto to external wallets, and receiving cryptocurrency deposits. Debit card payments are the primary payment method for U.S. clients.
Fees Overview
Luno charges a trading fee of 0.75% for buying and selling cryptocurrency. While cryptocurrency deposits are free, withdrawal fees depend on network traffic. Bank account transfers, when available, will be fee-free. Bank account withdrawals and debit card purchases also do not incur additional fees.
Cryptocurrency Selection
In the United States, Luno supports Bitcoin and Ethereum. However, users in other regions have access to a broader range of cryptocurrencies. Luno's cryptocurrency selection is considered a potential weak point compared to other exchanges, lacking some major cryptos like Cardano (ADA) and Solana (SOL).
Security Measures at Luno
Crypto Storage
Luno maintains high-security standards for crypto storage. The majority of funds are stored in offline cold wallets, stored in physical bank vaults within safe deposit boxes, termed "deep-freeze" storage. Specific individuals have access to these boxes, ensuring maximum security.
Account Security
To safeguard user accounts, Luno offers two-factor authentication (2FA) and allows users to disable cryptocurrency transfers from their wallet. Authorization is required for high-risk activities, and transactions involving high-risk crypto addresses are automatically blocked.
Is Luno Right for You?
Luno might be the right choice if you're seeking an easy-to-use crypto exchange and specifically want to invest in Bitcoin and/or Ethereum.
What are the trading fees on Luno?
Withdrawal Fee 0.000079
Taker Fee 0.75%
Maker Fee 0.75%
Does Luno offer leverage trading?
Luno Exchange offers margin trading, which allows you to borrow funds to amplify your trading positions.
When was Luno established?
EXCHANGE was founded in .
Where is Luno located?
Luno is based in Singapore.
What is the volume of Luno?
EXCHANGE has a trading volume of $ in the last 24 hours and $ in the last 7 days.
Is Luno safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Which coins can I buy through Luno?
You can buy the following tokens/coins on Luno:
What are the listed pairs on Luno?
You can trade the following tokens/coins on Luno:
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
Explore the Crypto Topics section to discover what OGs are discussing and gain insider knowledge on trending crypto topics.
There are many ways to conduct business in the crypto space, but we’ve chosen the most challenging path: shedding light on the unknown. Social media interactions and transaction volumes of exchanges and crypto assets can easily be manipulated by bots and whales, often misleading researchers and opening doors for scams by bad actors. Scammers have cost the crypto industry billions of dollars. Major red flags often slip past traditional technical or KYC audits, but OGAudit tackles this with its unique social auditing mechanism!
We believe in creating a safer, more thriving, and equal-opportunity crypto space for everyone. Our sole motivation is you 💗
We trust that authentic reviews from OGs will help you find the most reliable crypto exchanges and Web3 solutions you need! Additionally, we aim to simplify your crypto DYOR process with clear, up-to-date content.
OGs are the most experienced, reputable members of the crypto community, serving as independent auditors on the OGAudit platform.
Becoming an OG is not granted; it’s earned! Anyone with at least 1,000* days of on-chain experience and who adheres to OGAudit Community Guidelines can qualify as an OG.
The OG onboarding and rating mechanism is fully automated. OGs' wallet addresses and contributions are publicly verifiable on-chain**. The decentralized, permissionless, and transparent OGAudit consensus**, along with OGAudit Community Guidelines, ensures the elimination of spam and fraudulent content.
*500 days of on-chain experience qualifies you during the OGAudit Alpha! **to be Announced
Yes, it is—and all basic features will always remain free for personal use!🔥
Unfortunately, we do not have a token, and investing in the OGAudit platform is not an option. However, we greatly appreciate any donations you may wish to make! 💗
If you meet the requirements and share our values, you can become a contributor to our community as an OG⭐️
By joining us, you'll help make crypto a safer place, earn rewards, perks, all while building your reputation along the way!⬆️
OGAudit is a collective movement of the crypto OG community. It has no affiliation with VCs, exchanges, or other entities. Founded and funded by the Chief OG in 2023, OGAudit has been built by a dedicated team of crypto enthusiasts, researchers, web developers, and community leaders.💪
We have witnessed many market cycles, experienced the highs of the bull runs and the lows of the bear markets, and even faced rug pulls. Yet, we have remained resilient and are devoted to making Web3 accessible to everyone in the most secure way possible!
⚠️NO INVESTMENT, FINANCIAL, OR LEGAL ADVICE⚠️ Any content published on the OGAudit platform is for informational and educational purposes only and should not be construed as legal, tax, investment, financial, or other advice. Nothing contained on this platform constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. OGAudit is a social media platform where we encourage freedom of speech.
OGAudit also provides sensitive data, such as coin/token prices, direct links of Web3 projects; however, this data may not be up-to-date and accurate and may lag behind due to third-party oracle API issues. Verification of the integrity of this data is the responsibility of the end user, and OGAudit cannot be held responsible for any damages that may arise from the inaccuracy of this data.
The OGAudit team and OG contributors are not a judicial authority; therefore, publications may or may not be accurate and may or may not reflect the truth. Any content published on the platform does not constitute a final judgment and is not binding. The OGAudit team is committed to filtering posts containing legal offenses and removing them from the platform if legal action is pursued. However, we may not monitor all content simultaneously. In such cases, any legal liability arising from damages suffered by third parties due to the publication of such content belongs to the person or entity who posted the content. For more information please read OGAudit Terms of Use
If you believe that your personal or corporate rights have been violated due to any content published on our platform, please send the link and a screenshot of the content to [email protected] Your request will be carefully reviewed by our lawyers, and we will get back to you as soon as possible.
