Review on Luno by Olugbenga Ajayi
Luno is a secure exchange
Luno started out in 2016 as Bitx, launched by Timothy Stranx who used to work for Google. By 2016, it rebranded into Luno and began a journey that has led to the making of what we know as Luno exchange and Luno wallet.
Today, Luno exchange is running across growing markets in Indonesia, Nigeria, Europe and Malaysia. It is trading most popular cryptocurrencies ethereum and Bitcoin with Bitcoin gaining the best part of the market. Other cryptos like LTC and XRP are also traded. It also supports flat currencies from eachof these countries.
In terms of safety, the exchange ensure that all private keys are well protected and uses a bank grade security. It also requires strict KYC including proof of address and proof of identity to enjoying certain benefits.
It accepts bank wire and crypto currency for deposit. The exchange does not charge on maker, it only charge 0.10% on takers. For withdrawal, traders only pay network fee which is variable.
Pros
- Luno use bank grade security to protect user fund
- Easy platform to buy and sell crypto and flat currencies
- It is a multicurrency exchange that is open to growing markets of Nigeria, Indonesia, south Africa and Europe
- The app is very easy to use for newbies and advanced users
- It supports Mobile trading on iOS and Android
Cons
- Poor customer services
