Luno

What is Luno?

Luno is a leading global cryptocurrency company that provides a platform for users to buy, sell, store, and trade cryptocurrencies. They aim to provide an open financial system by building safe, easy, and trusted gateways to the blockchain universe.

Luno's History

Established in 2013, Luno has expanded globally, operating in more than 40 countries. With its headquarters in London, Luno prides itself as a leading figure in the crypto exchange industry known for its dedication towards making cryptocurrencies accessible to everyone.

How does Luno work?

Using Luno starts with the creation of a free Luno Wallet, which can be set up within a few minutes. Users can then deposit money into their wallet or receive cryptocurrencies from others. Once the money or cryptocurrencies are in the Luno Wallet, users can buy or trade their desired cryptocurrencies. Furthermore, Luno allows users to securely store their cryptocurrencies, thus serving as both a wallet and an exchange.

Luno's Supported Cryptocurrencies

At Luno, a multitude of the major cryptocurrencies are supported. This includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). This support for major cryptocurrencies has given Luno a significant level of trustworthiness and credibility amongst its users.

Security and Trust

Luno has a strong commitment to security. They employ multi-signature wallets, which means access to the funds needs multiple private keys. Moreover, they keep 95% of the cryptocurrencies in safe, offline storage. These practices help Luno prevent any loss of funds due to hacking or fraudulent activity. Furthermore, Luno is fully registered and regulated in the jurisdictions in which it operates, adding another layer of trust and security for its users.

Conclusion

In the world of cryptocurrency and blockchain, Luno stands as a trusted and secure option for trading and storing cryptocurrencies. It provides a simple and user-friendly interface that caters to both beginners and seasoned traders. With its strong commitment to security and trust, Luno is a great starter pack for anyone looking to step into the blockchain universe.