Luno Exchange Review
The world has now become clear about what cryptocurrencies are here for. Just a few years ago, people were not sure about what cryptocurrencies were. Once they understood the idea of cryptocurrencies, they were caught in a storm of bans, restrictions, rejections, shutdowns, etc. In the past couple of years, it has now become obvious that digital coins are the future. Experts like to call it the next internet and they are not conjecturing when they say this. Now, if you are interested in investing in cryptocurrencies, you can do that with ease through a crypto-exchange.
One of the best cryptocurrency exchanges that exist today is Luno. This exchange has done a great job of bringing in the features that matter the most to the crypto investors. Let’s take a look at what makes this exchange one of the best out there.
Luno as a Company
When you look at a cryptocurrency exchange, you are looking at a company that wants to see the world in a place where every individual inside the house and those ruling the nation are on the same page. These are the people who believe technology can completely transform the way money is earned, exchanged, and transferred in the societies. In a nutshell, they support cryptocurrencies and the technologies behind them. The best thing about Luno is that the experts working for this company are from some of the biggest tech giants of the world such as Morgan, Google, etc.
The company has been around for six years and it has achieved a lot during this time. Being around for such a long time makes Luno one of the pioneering exchanges in the industry. However, you should not take the word of the company in this case. The proof of how trusted the company is lies in the numbers. You will be surprised to know that the company already has its traders and investors using its platform from more than 40 countries of the world. These users of its exchange amount to more than two million people. That is quite a huge number keeping in mind the size and age of the cryptocurrency industry.
Luno promotes multi-culture in its workplace and that’s why its employees come from a variety of countries, ethnicities and cultures. The one thing that will give you the peace of mind when you sign up with Luno is that it is backed by some of the most renowned investors of the world including but not limited to names like Naspers and Balderton Capital.
Why Buy Cryptocurrencies from Luno Exchange
Here are the top reasons that make Luno the top choice for any investor and trader of cryptocurrencies around the world.
Your Money Is Safe
It might not sound very pleasing but a lot of the cryptocurrency exchanges have had problems with security. Some of the biggest names in the industry ended up getting hacked and attacked. The result of the security compromises is that the investors lose their money. There is nothing much you can do if your money is resting in the wallet of a cryptocurrency exchange and the exchange gets hacked. These events took place one after the other when the cryptocurrency industry was new. This made security the most important matter for any investor and trader who wishes to use an online exchange.
Unfortunately, you will not find many exchanges on the internet that have not been compromised in the past. You will be happy to know that Luno is one of the very few exchanges that have not let any security compromises happen. It is not that the exchange has prevented the security issues from affecting its traders. The reality is, no compromises have taken place in the first place with Luno. When you exchange your money with a cryptocurrency and keep on Luno, you can rest assured that you are relying on one of the most reliable crypto exchanges in the world.
You Are Trusting the Right People
In addition to security compromises, you have fraud issues with cryptocurrency exchanges. What if the cryptocurrency exchange that you are using is a fraud in itself? There is really not much you can do about once it disappears with your money all of a sudden. You are the one who had to do all the security checks. If you end up losing your money in the hands of a fraudulent entity, you are the one who is going to be held responsible for your lack of awareness. You will never find yourself in this position when you exchange your currencies with the help of Luno.
As stated earlier, Luno is already providing its services to customers from all around the world. It currently has more than two million customers who trust on its platform and the services it provides. If you think more than two million happy customers is the sign of a good company, you should definitely not be hesitant to complete your first trade with this exchange.
You Can Deposit in Multiple Ways
One of the issues you will face when it comes to buying cryptocurrencies online is of the way you can deposit the money in your account. Of course, if you don’t have any digital coins, you will have to buy them with the help of fiat currencies. This is where the exchange can make things easy or difficult for you. It is the responsibility of the exchange to make things easy for you in this area. When it comes to Luno, the exchange is giving you the option to deposit your money in the account using your bank account or the credit card. Pick the method that you think is best for you.
You Can Do It All on Your Smartphone
Cryptocurrencies are the currencies of the future. If you want to promote future technologies, you sure don’t want to stick the traditional computer platforms. With Luno, you have the exchange and its features available in the mobile format as well. You can download the application on your phone and deposit the money, see the exchange rates, and do more right from your phone. The best thing is that you don’t even have to change the phone you have because the mobile application of the exchange is available for Android as well as iPhone users.
It is important to have a mobile application with you today because you want to be updated with the price of the cryptocurrencies before you exchange them. There are several moments during the day when you can get the best exchange rates because cryptocurrencies can fluctuate at a very fast pace in their values.
You Can Buy Multiple Currencies
When you go on cryptocurrency exchanges, you will find them serving a particular market. In most cases, they only let you buy bitcoin. It is quite hard to find exchanges that let you access other digital coins in the market. However, you are going to get access to ethereum in addition to bitcoin when you exchange your fiat currencies with Luno. These are two of the best cryptocurrencies in the industry and you can buy them with your credit card and bank account when you are on Luno exchange. All the information about the price movement of the two digital coins is available on the website.
You Can Learn Beforehand
You understand that cryptocurrencies are still new no matter how famous they are around the world today. A lot of the people who want to invest in this market are first time investors and traders. They don’t understand much about how digital currencies work and that’s why they have to learn about them beforehand. When you are on Luno, you will find all the learning material that you need right on the exchange. You can access this training material even if you are using the smartphone application of Luno. You can access the learning portal from the website as well. The learning portal talks about ethereum and bitcoin separately so you understand these currencies perfectly before putting your real money on the line.
The Fees Are Low
Fees are a crucial concern when you invest your money in cryptocurrencies. You have to understand the idea of maker and taker when you go to cryptocurrency exchanges. If an order is already opened and you take it, you will be considered a taker. In this case, you will have to pay a fee which is a percentage of the amount you trade. On the other hand, if you are the one who has opened a position first, you will be a maker. When you trade on Luno, you don’t have to pay any fees as a maker. Even as a taker you will be paying not more than 1% on your trades.
When you look at cryptocurrency exchanges, you have to realize that the most important matters are of security, exchanges fees, and the methods of money deposit. Luno has done a great job in all of these areas. The exchange has never been compromised. The exchange fees are low and you can deposit money in your account using bank transfer or credit card. If you are thinking about investing your money in bitcoin or ethereum, you are highly recommended to consider Luno.