What is Luno?
Founded by Carel van Wyk, Marcus Swanepoel, Pieter Heyns, and Timothy Stranex, Luno is a leading cryptocurrency company headquartered in London, United Kingdom. Offering its services in the continents of Africa, South-East Asia, and Europe, Luno serves more than six million consumers in 40 countries. They have processed transactions worth over 17 billion dollars in currency value. For now, Luno supports Bitcoin, Ethereum, XRP, and Litecoin.
Luno has a highly experienced team of 350+ employees, and they look after diverse aspects of the platform. These professionals have experience working with globally-renowned tech and finance companies such as Google & Amazon.
Luno Crypto App
The Luno crypto app is available on both Google Play and the iOS app store. The app enables users to buy, store, explore, and trade the major cryptocurrencies, such as Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin. The app also makes it possible to automate your crypto investments by setting up a Repeat Buy, automating your investments absolutely on your terms.
HODLing with Luno
Luno enables you to earn interest on your idle holdings. If you store your BTCs in a BTC saving wallet, you can earn interest up to 4% on it. The opportunity to ‘Hodl’ comes with no fixed terms. There are no admin fees on the application. Operating the savings wallet is as easy as setting it up.
Storing crypto in the Luno wallet is safe and secure. It has industry-leading security features that store 95% of its crypto assets in multi-signature wallets with multiple layers of encryption.
With sophisticated features on both the Android & iOS apps, You can deposit, withdraw and trade crypto 24/7 on the Luno app. You can even send cryptocurrencies to your family & friends with an active Luno account, absolutely free of charge.
Apart from facilitating the transfer, trade, and storage through its mobile application, Luno also runs a high-performance crypto exchange. The exchange has earned its repute from its user-friendly interface and high standards of security. Luno is equally well-known for its deep liquidity.
Deep liquidity of the Luno exchange ensures that your trade is closed as near to the price you want and in turn, you get optimal profits. To ensure that there is enough liquidity, Luno has kept its fees low. It has resulted in a higher trading volume on Luno.
Trade Execution in Microseconds
One of the major criticisms that crypto-exchanges frequently face is the slow speed of transactions. Luno offers a low-latency exchange with all the tools one needs to get their hands on the best deal possible. Low latency of the platform ensures that trades are processed in microseconds.
The user interface of the exchange is intuitively designed, and the procedure to place an order is simple and straightforward. The real-time charting tools equip you with data that you can leverage to succeed each time you wish to trade.