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Luno.com Review Scam Or Not?

Luno.com Review Scam Or Not?

What are the odds that you might run into a region-based BTC exchange today? Due to the recent BTC hype, people would frantically look for exchange websites to trade and exchange their Fiat into cryptocurrency. This is because they want to get into the crypto-game, and getting into exchange websites is just one of the options that they can do and quickly get their selves into. Today, we will be looking into Luno.com and determine if they are an exchange website that is region-based or anyone can create an account with them and have it verified? Join us as we explore their website features, try to have an account verified, and generally know what their services are. Without further delay, lets talk about that! Previously known as BitX, Luno.com was founded in 2013 and has been providing their exchange services ever since. The company has its headquarters in London with operations spanning the globe! They offer the buying and selling of Bitcoins and has been a host of more than a billion dollars worth of BTC trades since they launched. How do we get verified with Luno.com? First, we need to create an account with them through their website. To create an account, you just need to provide your active email address, country of residence and thats it! Users are also able to register using their Google account or Facebook if they want to sign up for these options. A confirmation email will be sent to the provided email address. Once the email address has been confirmed this will automatically redirect you to their website and into your logged in account. To verify your account, you only need to provide a mobile number for verification. Please be advised that the chosen country will determine the country code for this step, so make sure that you enter the correct country you a Continue reading >>

Bitcoin: Africa's First Exchange Aims For 1 Billion Users - Feb. 14, 2018

Bitcoin: Africa's First Exchange Aims For 1 Billion Users - Feb. 14, 2018

The company, backed by some big investors including Naspers, was created by a small group of people with backgrounds in tech and finance who, like Swanepoel wanted to give up their corporate jobs. The atmosphere in Luno's Cape Town offices is casual -- some of the staff walk around barefoot. But the relaxed approach ends when it comes to protecting Luno against hackers who have made off with bitcoin worth millions from other exchanges. "We take security as seriously as big banks do but when we're at the office we're about working together and creating a collaborative environment," Swanepoel said. The firm has developed substantially over the last five years. It began building systems for banks before switching its focus to consumers. "We realized the banks were going to take too long to embrace the technology, and they were getting confused about what the technology can do," the CEO said. His team has developed a mobile wallet, exchange and merchant integration services for bitcoin and one of its biggest rivals, ethereum. Related: Cryptocurrency regulation is inevitable, says IMF chief Luno is now headquartered in Singapore , partly because of the importance of markets in southeast Asia. But the company attributes much of its early success to its South African roots and experience in countries like Nigeria where most internet users are mobile. "Unlike other companies, because we set up in Africa originally, we built truly mobile-first products," Swanepoel said. He believes that has given Luno an edge, particularly over European competitors. CNNMoney (Cape Town, South Africa) First published February 14, 2018: 6:03 AM ET Continue reading >>

How Safe Is The Luno.com Site/app For Buying Bitcoins In South Africa? : Southafrica

How Safe Is The Luno.com Site/app For Buying Bitcoins In South Africa? : Southafrica

use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Use only English so that we can all communicate Submissions should be relevant to South Africa Do not editorialize submission titles or use link-shorteners Please read this before linking to your own site /r/zadevs - South African software developers lengau "It always seems impossible until it's done." AutoModerator Spank me and call me bobby. Seems to allow Ethereum and Bitcoin so I'm very interested, but it asked for quite a bit of info. Luno is very good at cashing out or buying in but keep your crypto in a wallet (I.e Jaxx) not a bank (I.e. Luno) If something goes wrong on Luno's side (or any other crypto bank) they have very little responsibility towards you to get it back. [] munky82 Pretoria 2 Joburg 0 points1 point2 points This has actually been bothering me the whole day. Why would you possibly want to move your crypto to Coinbase? For starters, your moving from a bank to a bank (bad idea, your money is NOT safe, they have zero responsibility towards you) When BTC crashed over the last two days Coinbase crashed, if your attempting to buy low and sell high your transactions need to be immediate, how can you do that with a bank that is "offline" as soon as shit hits the fan? Your paying a conversion fee between Luno and Coinbase, again, unnecessarily. My advise, buy with Luno. Move to Jaxx. When you see a fluctuating price use Shapeshift (already built into Luno) to convert into ETH and cash out. It's a much faster, much safer and much cheaper transaction. Then again, other than speculation I do not see the purpose of purchasing BTC, it's an extremely volatile asset to invest in long term and it's extremely useless short term, you cannot use that money and you Continue reading >>

Dummies' Guide To Buying Bitcoin In Sa

Dummies' Guide To Buying Bitcoin In Sa

Johannesburg - In the space of a year, the value of the worlds most popular cryptocurrency Bitcoin has soared by over 2000%. This exponential increase has created a rare and volatile investment opportunity. In December last year, one Bitcoin was worth about R11 000, but by 12:30 on Thursday, it had gone up to R234 998. READ: Bitcoin bursts to $12 000 as futures move closer to reality Earlier this year, the decentralised digital currency plunged by 18% after a consistent rise, as news began to leak that it had attracted the attention of regulators in China. When the Chinese government shut down two Bitcoin reserves, the currency was devalued before recovering to an all-time high of over R200 000. For South Africans looking to take a gamble on the cryptocurrency, which has become larger than the GDP of some nations, investing in Bitcoin is simpler than you may think, with very few steps involved. For those unfamiliar with the currency, you don't have to purchase Bitcoin as a single, whole unit but can do so in fragments. South Africans can start investing in Bitcoin from as little as R10. How to buy or sell a piece of Bitcoin using a smartphone - On either an iOS or Android device, search for the Luno app within the app store. - In Luno, select deposit money, which will lead to unique EFT deposit details with a unique Reference Number. - Using various South African online banking platforms, make the deposit for an amount of between R10 and R14 000. - Once deposited in the Luno wallet, select Buy Bitcoin and choose the amount to be deducted and used to purchase Bitcoin. - The Luno app allows users to track the price of the currency in rand throughout various time periods by means of graphs. - To sell currency, select Sell Bitcoin and enter the rand amount to be sold. The Continue reading >>

Buying Bitcoin For Dummies

Buying Bitcoin For Dummies

According to MyBroadbands 2017 Cryptocurrency Survey , many South Africans have not purchased cryptocurrency because they do not know which coins to buy, or how to buy them. The biggest and most stable cryptocurrencies are Bitcoin (BTC) and Ethereum (ETH), and these are used as a store of value due to their relative stability. If you are interested in buying Bitcoin and Ethereum, we have provided a simple guide below. The easiest way to buy Bitcoin is with rand through a reliable local exchange, like Luno.com. Register an account on the Luno website and verify your email address to get started. The next step is to transfer rand to your Luno account. Select the Deposit Money option on the account dashboard and follow the on-screen steps choosing your bank and the amount of money you want to deposit. Luno will then provide you with its banking details for your deposit and a unique reference number. Visit your online banking profile and transfer the amount you specified to the Luno account, including the Luno reference number. The funds will appear in your Luno account after one to two business days. When the rand deposit is received by Luno, it will reflect in your Luno account. You can then buy Bitcoin by selecting the Buy option from the Luno dashboard. The purchased Bitcoin will be credited to your Luno Bitcoin wallet and the rand cost will be deducted from your Luno rand balance. The name of the cryptocurrency used on the Ethereum blockchain is Ether, but is often referred to as Ethereum. To buy Ethereum, you must create an account on an exchange which supports it. Popular exchanges include Poloniex , Kraken , and ShapeShift which allow you to purchase Ethereum using your Bitcoin. Once you have created your account on the cryptocurrency exchange, you need to transfer Continue reading >>

Bitcoin Bull Run: Why Youll Pay A 35% Premium On Sa Exchanges

Bitcoin Bull Run: Why Youll Pay A 35% Premium On Sa Exchanges

Bitcoin bull run: Why youll pay a 35% premium on SA exchanges JOHANNESBURG Expert trader Dwaine van Vuuren has identified an important reason why local cryptocurrency exchanges in South Africa sell the likes of Bitcoin for prices higher than the global average. South Africa currently has two prominent Bitcoin exchanges, Luno and ICE3X. Van Vureen, in this piece then, unpacks why prices on LUNO are much higher than the global average owing to the arbitrage phenomenon(arb for short). As van Vuuren outlines, arbitrage gives incentives to sellers of crypto in a small market like South Africa to make higher-than-average returns. The high arbitrage also ties into South Africasstricter exchange controls. A fascinating read for those looking to snap up crypto in South Africa. Gareth van Zyl Many people often ask why the LUNO price we provide for Bitcoin in ZAR on our crypto page , our spots on our mobile app and our spots page does not translate to the $ price when converted using the prevailing R/$ exchange rate. This is because the ZAR price, taken from LUNO is reflective of the supply/demand situation in South Africa. Buyers of Bitcoin on LUNO have to purchase from local sellers on LUNO and vice versa. The global supply of Bitcoins is limited, with only 1,800 new Bitcoins minted per day. When the local demand outstrips local supply, the local price has to rise to coax holders to part with their Bitcoins. Thus, the local price of Bitcoin in ZAR can trade up to a 35% premium to the global Dollar average taken from all major exchanges. This price deviation is called an arbitrage (arb for short) as shown below This high arbitrage phenomenon is prevalent in many emerging economies with limited choice of high-liquidity Bitcoin exchanges, stricter exchange controls or where access Continue reading >>

Bitcoin And Ethereum Made Easy | Luno

Bitcoin And Ethereum Made Easy | Luno

New to Bitcoin or Ethereum? Learn more on our Learning Portal Why are so many people investing in digital currencies like Bitcoin? People all over the world use Bitcoin to send money to friends and family or buy things online. It can be cheaper, faster and easier to use than ordinary money. Like the internet, no single entity controls Bitcoin. It provides users with both transparency and privacy. It puts you back in control of your money. People are buying Bitcoin because its like digital gold. It is used as an alternative store of wealth, for portfolio diversification, and long term investment. Learn more about Bitcoin and Ethereum on our Learning Portal Why are people from all over the world choosing Luno? Were early industry pioneers and have been around since 2013, successfully processed more than a billion dollars in transactions and have happy customers in over 40 countries. People love our easy-to-use products. From local payment methods to customer support in many different languages, we make your Bitcoin experience the best one. Our expert team has worked all over the world for top tech and finance companies such as Google, Amazon, Morgan Stanley and Barclays. Plus were backed by some of the world's top investors. When we say your money is safe, we really mean it. Weve built some of the worlds most sophisticated Bitcoin security systems and have never been compromised. Continue reading >>

Luno.com Review Scam Or Not?

Luno.com Review Scam Or Not?

What are the odds that you might run into a region-based BTC exchange today? Due to the recent BTC hype, people would frantically look for exchange websites to trade and exchange their Fiat into cryptocurrency. This is because they want to get into the crypto-game, and getting into exchange websites is just one of the options that they can do and quickly get their selves into. Today, we will be looking into Luno.com and determine if they are an exchange website that is region-based or anyone can create an account with them and have it verified? Join us as we explore their website features, try to have an account verified, and generally know what their services are. Without further delay, lets talk about that! Previously known as BitX, Luno.com was founded in 2013 and has been providing their exchange services ever since. The company has its headquarters in London with operations spanning the globe! They offer the buying and selling of Bitcoins and has been a host of more than a billion dollars worth of BTC trades since they launched. How do we get verified with Luno.com? First, we need to create an account with them through their website. To create an account, you just need to provide your active email address, country of residence and thats it! Users are also able to register using their Google account or Facebook if they want to sign up for these options. A confirmation email will be sent to the provided email address. Once the email address has been confirmed this will automatically redirect you to their website and into your logged in account. To verify your account, you only need to provide a mobile number for verification. Please be advised that the chosen country will determine the country code for this step, so make sure that you enter the correct country you a Continue reading >>

Why You Pay Up To 35% More For Bitcoin In South Africa

Why You Pay Up To 35% More For Bitcoin In South Africa

Why you pay up to 35% more for Bitcoin in South Africa South Africans are beginning to ask why the price of Bitcoin on local exchanges does not translate to the dollar price when converted using current exchange rates. This is because the ZAR price, taken from local exchange Luno, is reflective of the supply/demand situation in South Africa, saysfinance analyst and CEO of PowerStocks Research , Dwaine van Vuuren. Buyers of Bitcoin on Luno have to purchase from local sellers on Luno and vice versa, he said. The global supply of Bitcoin is limited, with only 1,800 new Bitcoin minted per day. When the local demand outstrips local supply, the local price has to rise to coax holders to part with their Bitcoin. As a result, the local price of Bitcoin in ZAR can trade up to a 35% premium to the global dollar average taken from all major exchanges, he said. In an interview with MyBroadband in June, Lunos Werner van Rooyen said that the main driver ofthe local Bitcoin price was the South African market, not the exchange. Although it is easy to speculate about the causes for the Bitcoin premium seen from time to time, it is important to realise that you are not trading directly with Luno, said van Rooyen. We merely provide the platform on which buyers and sellers interact. The forces of supply and demand ultimately determine the price, he said. This price deviation between local and foreign exchanges is called an arbitrage. This high arbitrage phenomenon is prevalent in many emerging economies with limited choice of high-liquidity Bitcoin exchanges, stricter exchange controls or where access to international bank accounts is limited, saidvan Vuuren Since the local supply is restricted, the arbitrage is much more sensitive to, or reflective of investor euphoria which makes arbitr Continue reading >>

Bitcoin Cash News: Luno Bitcoin Members Soar As Price Plummets On Cryptocurrency | City & Business | Finance | Express.co.uk

Bitcoin Cash News: Luno Bitcoin Members Soar As Price Plummets On Cryptocurrency | City & Business | Finance | Express.co.uk

Analysts have claimed there is no reason to fear for the currencys long-term stability The South African based platform is one of the worlds mostpopular,and makes buying and selling easy for users. Luno co-founder and CEO Marcus Swanepoel, who is based in London, said: As one of the pioneers in the industry, were excited to onboard ourone millionthcustomer this week. Over the past few years, weve stayed laser-focused on making Luno the easiest place to buy digital currencies such as Bitcoin and Ethereum. It comes as global platform Luno reaches the one million customers mark Mr Swanepoels platform recently rolled out in Europe after south-eastAsianandAfricansuccess,and quickly became their fastest growing region. He added: Getting fast and friendly access to digital currencies is still the biggest pain point for most people, and core to our mission of making digital currencies safely and easily accessible for everyone, everywhere. Its also an important part of ourlongertermvision and a critical first step in building our platform that will help migrate the world onto a new, better financial infrastructure. Continue reading >>

Luno (formerly Bitx) Bitcoin Exchange And Wallet Reviewed

Luno (formerly Bitx) Bitcoin Exchange And Wallet Reviewed

Luno (formerly BitX) Bitcoin Exchange and Wallet Reviewed Last updated on January 2nd, 2018 at 12:00 am Luno (formerlyBitX) has a pretty small marketcap according to CoinMarketCap.com , with trading often below a half million dollars. Still, Lunoenjoys a generally high industry reputation, and has generally received favorable reviews . Unlike many other exchanges, Luno focuses only on bitcoin, so theres not a ton of flexibility with this platform. Still, the Luno exchange and wallet are both great options for bitcoin. Luno claims to be the worlds most trusted, secure and reliable exchange. Whether the company can back such lofty claims up, however, remains an entirely different matter. Luno has been around since 2013, so the company has some history behind it, but so far Luno has failed to secure any serious market dominance. That shouldnt scare you away from the exchange, however. The exchange has also receive funding from the Digital Currency Group, run by industry thought-leader Barry Silbert. Luno is also funded by Naspers, which is one of the older still active venture capital and technology investment firms. Naspers sunk $4 million into Luno, which is a pretty large sum for a single VC company, so they must have liked what they saw. Luno also offers a bitcoin smart wallet for Android mobile devices. The wallet has been downloaded between 100K to 500K times, making it a quite popular app. Further, it has locked down a score of 4.4 from reviewers , making it one of the most well regarded bitcoin wallet apps for Android. This wallet is free and there are zero fees from transactions, making it a great low cost option. Luno does not charge fees to send, store, or receive bitcoins. However, if you buy or sell bitcoins, you will have to pay a fee. The fees are a bit mor Continue reading >>

How Do I Buy Or Sell Digital Currency?

How Do I Buy Or Sell Digital Currency?

To buy digital currency with Luno you need to have done two things: Luno provides two ways to buy digital currency: Instant buy or sell (easy to understand, simple to use) Exchange order (more complex, more control) Select BUY from the top navigation on the home screen Choose which digital currency you want to buy Enter the amount (in this example, we are buying Bitcoin worth 100 EUR) Review the transaction (which shows the exchange rate and the amount of Bitcoin you'll receive) Click BUY or NEXT depending on your device, review the details and confirm After your buy order has completed, you can go to TRANSACTIONS from the MENU for details information. The exchange feature is only available for Bitcoin and customers in South Africa, Malaysia, Nigeria and Indonesia. This feature is for more advanced users. A limit buy order allows you to select a price at which you want to buy your Bitcoin. This order stays pending until the market (a Bitcoin seller in this case) reaches your price. Limit orders are done on the Luno Exchange . To learn more about the Luno Exchange and how such a system works, click here . Continue reading >>

Luno Review - Buy, Store & Learn About Bitcoin Cryptocurrency Wallet?

Luno Review - Buy, Store & Learn About Bitcoin Cryptocurrency Wallet?

Luno is a bitcoin exchange and wallet available over your web browser, iPhone, or Android. Its particularly popular in Indonesia, Malaysia, South Africa, and Nigeria. Find out everything you need to know about Luno today in our review. Luno, found online at Luno.com, is a bitcoin exchange platform that promises to make it safe and easy to exchange fiat currencies for bitcoin. To start using Luno, you sign up for a free Luno Bitcoin wallet through your web browser, or through the free iOS/Android app. Then, you transfer money through a local bank transfer or credit card purchase. Finally, you use that money to buy bitcoin. Luno keeps your bitcoins in its wallet , although you can transfer them to whatever storage solution you like. In short, Luno works just like every other bitcoin exchange in the world today. What makes Luno different? Luno is particularly popular with markets under-served by other bitcoin exchanges. Its one of the few exchanges where you can trade the South African Rand for Bitcoin, for example. It also provides instant buy/sell support in Indonesia, Malaysia, Nigeria, and South Africa, with more countries being added in the future. In fact, global customers are only able to access Lunos wallet at this time. The exchange is only open to residents of Indonesia, Malaysia, Nigeria, and South Africa (although residents of the Netherlands can access the instant buy/sell feature, and people around the world can use Lunos wallet). Lets take a look at some of the platforms key features. Luno isnt some flash in the pan startup. The company has been around since 2013 which is eons in the world of bitcoin. Over the years, Luno has successfully processed hundreds of millions of dollars in transactions for customers in 40 countries around the world. Luno promises Continue reading >>

Luno Bitcoin Wallet 4+

Luno Bitcoin Wallet 4+

Ability to improve privacy by setting the app to lock when it is closed Full iPhone X support including in-app notifications Improved designs to in-app notifications Updated UI and in-app help for the personal details form Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Ability to improve privacy by setting the app to lock when it is closed Full iPhone X support including in-app notifications Improved designs to in-app notifications Updated UI and in-app help for the personal details form Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Ability to improve privacy by setting the app to lock when it is closed Full iPhone X support including in-app notifications Improved designs to in-app notifications Updated UI and in-app help for the personal details form Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn Thank you for your feedback so far. If you have any suggestions please visit luno.com/help Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn We've launched our ETH/B Continue reading >>

How To Buy Bitcoin In Sa With Luno, Binance & Coindirect

How To Buy Bitcoin In Sa With Luno, Binance & Coindirect

After publishing the previous BTC article the most common question youve been asking me is, How do I buy bitcoin in South Africa? My response would usually be, dont, first understand what bitcoin is . Im assuming you understand what BTC is about and why youd want to buy bitcoin so here goes Safety and security should always be the primary objective when doing any type of transaction online and years ago that wasnt always the case. Here are 2 ways to buy bitcoin with Luno and coindirect . So my buddy Chris shared his instagram post on Facebook wearing his Luno t-shirt. Luno? Verify your identity by uploading your ID or passport. Deposit South African Rands into you Luno account with your internet banking using your unique ref number. Wait for your funds to clear. Depending on your internet banking it could take a couple of hours or 2 days.*Optional. While you wait for thhis to complete before you can buy bitcoin on luno go to promotions>enter code>NVQXA and well both get R10 free BTC when you buy some. Buy Bitcoin in the Luno app or on the website. Youve now bought your first bitcoins on luno. How to buy bitcoin in 5 steps with Coindirect Register for free bitcoin wallet on coindirect Buy bitcoinsinstantly on coindirect through instant transfer where they link to your internet banking and initiated the transfer or you can do an EFT and upload proof of payment. If you used instant transfer you almost immediately buy bitcoin or the usual wait with normal EFT. Youve now bought your first bitcoins on coindirect. Finding the South African Bitcoin Telegram Group Theres a South African Whatsapp group about all things bitcoin and crypto, you can join it here, where I found out about coindirect.com. At the time of writing this there was still room for The group has reached its m Continue reading >>

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