Is Luno safe and legit?
Excellent security
It keeps most crypto funds offline in cold storage and puts the keys to this crypto in safe deposit boxes. By storing cryptocurrency offline and making it difficult to access, Luno also makes it much harder for anyone to steal its clients’ funds.
Does Luno make you money?
Now, while we are a cryptocurrency company offering an Exchange and Wallet, we’re not a financial services provider. But that’s far from being bad news because we still offer incredible crypto products like Luno Savings, which allow you to earn interest on your bitcoin, Ethereum and USDC holdings.
Is Luno legit in South Africa?
So unlike banks and investment companies, Luno is not licensed by the FSCA, which means that South African investors currently have little recourse to the financial authorities if something goes wrong.
Can you withdraw from Luno?
You’ll need to make sure that your identity is verified and that your bank account is linked to your Luno wallet in order to request a withdrawal.
Luno
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