A Beginner's Guide: Investing In Bitcoin With Luno

Luno is a trusted platform for fast and secure transactions of cryptocurrencies like Bitcoin and Ethereum. It offers a simple and intuitive user experience, allowing users to buy, sell, and store cryptocurrencies with ease. Luno provides an easy-to-use interface, industry-leading security, and deep liquidity, making it a popular choice for those looking to invest in Bitcoin. With over 10 million users, Luno simplifies the trading journey, from first-time Bitcoin purchases to advanced trading strategies, and offers features like instant buy and sell, price alerts, and real-time market data.

Instant Buy and Sell Bitcoin with Luno

Luno is a trusted platform for fast and secure transactions of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). With Luno, you can buy, sell, and store cryptocurrencies with ease, even if you're new to the world of Bitcoin.

Here's how you can instantly buy and sell Bitcoin with Luno:

Signing Up:

To get started with Luno, you'll need to sign up and create an account. Luno values security and compliance, so you may need to verify your identity before making any transactions.

Buying Bitcoin:

Once your account is set up, you can use the Instant Buy function on the Luno app or Exchange to purchase Bitcoin. You can choose to pay using your debit or credit card, Google Pay (for Android users), or by depositing local currency into your Luno wallet. Follow the instructions provided by Luno to complete your purchase.

Selling Bitcoin:

Luno also offers an easy and secure way to sell your Bitcoin. You can use the Instant Sell feature to convert your Bitcoin into local currency and withdraw it to your bank account. The process is straightforward and user-friendly, allowing you to access your funds quickly.

Security and Compliance:

Luno prioritizes the security of your cryptocurrency assets. They store 95% of crypto in "deep freeze", using multi-signature wallets protected by multiple layers of encryption. Additionally, Luno complies with AML and KYC regulations, similar to your local bank. Your crypto assets are regularly verified by independent auditors, ensuring the safety and integrity of your investments.

With Luno, you can confidently buy and sell Bitcoin, knowing that your transactions are secure and compliant with industry standards. Remember, investing in cryptocurrencies carries risks, and the value of your investments can fluctuate.

Luno's Security Measures

Luno has made investing simple for millions of people around the world. The platform offers an easy and secure way to buy, trade, and earn cryptocurrencies like Bitcoin and Ethereum. With Luno, you can rest assured that your investments are protected by industry-leading security measures. Here's an overview of Luno's security features:

• Deep Freeze Storage: Luno stores 95% of customer cryptocurrencies in "deep freeze," utilizing multi-signature wallets protected by multiple layers of encryption. This ensures that your crypto assets are securely stored offline and off-site.
• Multi-Signature Wallets: Luno uses multi-signature wallets, where the keys are generated and stored entirely offline and off-site. This adds an extra layer of security, as the keys are managed by BitGo Custody, a highly secure and compliant digital asset custody solution.
• Two-Factor Authentication (2FA): Luno supports 2FA to provide an additional layer of authentication and peace of mind. With 2FA enabled, you will receive a one-time code on your smartphone, protecting your account from unauthorized access.
• Secure Password Storage: Luno stores passwords in a hashed form, ensuring that only you have access to your password. The platform also encourages users to create strong passwords during the sign-up process.
• Data Protection: Luno values your privacy and strives to protect your personal data. They collect, process, and share your data in accordance with their comprehensive Privacy Policy, Cookie Policy, and Terms of Use.
• Compliance and Regulations: Luno complies with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, similar to your local bank. They also adhere to the BSI Information Security Standard, continuously identifying and managing risks.
• Independent Audits: All the crypto stored with Luno is regularly verified by independent auditors, providing an extra layer of assurance.
• Employee Security: Luno employees are required to use cryptographically secure Multi-Factor Authentication to access internal services. Additionally, engineers do not have access to application credentials or production servers, and all deployments are performed independently.
• Customer Education: Luno emphasizes the importance of customer vigilance in managing personal data. They provide educational resources and encourage the use of additional security features, such as trusted device security and two-factor authentication.
• Secure Transactions: Luno offers a secure platform for fast and reliable transactions. With features like instant buy and sell, price alerts, and real-time market data, you can confidently navigate the crypto market.

Luno's Crypto Wallet

Getting Started with Luno

Luno's platform is straightforward to navigate, allowing users to buy, sell, and store cryptocurrencies with ease. To get started, users can sign up and verify their identity. Once verified, users can deposit funds into their Luno wallet through various payment methods, including debit or credit card, Google Pay, or bank transfer.

Features of Luno's Crypto Wallet

• Security: Luno prioritises the security of its users' cryptocurrency assets. They employ industry-leading security measures, storing 95% of crypto in a "deep freeze"—multi-signature wallets protected by multiple layers of encryption.
• User Interface: Luno's platform offers an intuitive user experience, making it simple for users to navigate the trading process. It provides an easy buying and selling process, instant withdrawals, and a user-friendly interface for trading.
• Real-Time Data and Alerts: Luno keeps users informed through price alerts and advanced charting tools, enabling them to stay ahead of market movements. Users can set custom alerts to monitor price changes and make informed decisions.
• News and Education: Luno provides news alerts about new cryptocurrencies, blockchain technology, and investment opportunities. The "Explore" section offers valuable insights and educational resources for crypto enthusiasts of all levels.

Luno adheres to strict legal, risk, and security standards to ensure the safety of its users' funds. They maintain regulatory compliance in each market they operate in, and their licenses and registrations are publicly available on their website. Additionally, Luno complies with AML and KYC regulations, and all the crypto they store is regularly verified by independent auditors.

How to Earn Bitcoin

Luno is a trusted platform for fast and secure transactions in Bitcoin (BTC) and other cryptocurrencies. It simplifies the trading journey, making it ideal for beginners and experienced traders alike. Here are some ways you can earn Bitcoin with Luno:

Buying Bitcoin

Luno is a credible Bitcoin broker and exchange provider, where you can buy Bitcoin, similar to how you would buy foreign currency at a bank or shares online. This is the easiest way to get Bitcoin because there will always be someone willing to sell their Bitcoin to you.

Earning Bitcoin

You can earn Bitcoin by providing goods or services and asking to be paid in Bitcoin instead of traditional money. This is often a cheaper and easier alternative to other payment methods and is one of the simplest ways to get Bitcoin.

Mining Bitcoin

Another way to get Bitcoin is by mining for it. However, this has become very challenging for the average person due to the high level of expertise and expensive, specialised equipment required. Most mining is now done by large companies.

Staking Ethereum

Luno also offers the opportunity to earn passive income by staking your Ethereum (ETH). The platform provides weekly Ethereum rewards, allowing you to grow your stake and maximise your earnings.

Luno offers an intuitive user experience, with a user-friendly interface, instant buy and sell, price alerts, and real-time market data. It also prioritises security, adhering to strict legal, risk, and security standards to ensure the safety of your cryptocurrency assets.

Luno's Trading Features

Luno is a trusted platform for fast and secure transactions. It offers a user-friendly interface for trading and an intuitive user experience designed for smooth and efficient trading. The platform is optimised for ease of use, offering simple order placement and high-quality charting tools to give traders the best chance of success, regardless of their experience level.

Luno's API allows users to integrate into the Exchange platform programmatically to manage their accounts, make trades, and retrieve market data. The platform also offers a dynamic, tiered fee structure that is highly competitive and designed to ensure that users pay lower fees based on their gross trading volume.

Luno provides a cryptocurrency wallet for the safe storage of digital currencies. It also offers instant withdrawal and selling of crypto, instant buy and sell, price alerts, and real-time market data to help traders stay ahead in the crypto market. Traders can also access advanced charting tools and set custom alerts to monitor price changes and make informed decisions based on real-time data.

Luno's industry-leading security measures keep crypto safe. The platform stores 95% of crypto in "deep freeze"—multi-signature wallets protected by multiple layers of encryption. Luno also complies with AML and KYC regulations and regularly verifies all the crypto it stores with independent auditors.

Frequently asked questions