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Luno Review – Sign up – Luno app download – buy & sell bitcoin on Luno

Tags: luno bitcoin

In this article am gonna be talking about Luno account sign up, how to buy and sell bitcoin with Luno and am gonna be doing an all round review of Luno. If you are new with Luno I will advice you take your time to go through this article and I promise that you will be glad you did.

Luno review

Luno Review – Sign up – Luno app download – buy & sell bitcoin on Luno

Luno (formally known as Bitx) is a Bitcoin exchange/wallet Provider. They started as Bitx in 2013 in Singapore and have since then expanded to over 42 countries. On Jan 11, 2017, they changed their brand name to Luno (meaning ‘Moon’), this must have been a well-thought rebranding because they grew exponentially in 2017.

Luno provides Bitcoin services that are similar to that’s of Coinbase, However, they were able to make their Bitcoin wallet and exchange services available in countries where Coinbase exchange services are not supported.

Luno, like the vast majority of cryptocurrency exchanges, has just one type of trading account. In order to buy or sell bitcoin, one has to verify their account, which is being done through an SMS verification code. There are further levels of verification through government IDs and proof of residence documents.

The higher level of verification provide higher monthly limit of transactions on the exchange. In fact, if one wants to buy or sell one bitcoin per month, as per the exchange rate at the time of writing this review, one has to have a Level 2 verification, obtained with the submission of a photo of a government ID. This, in our opinion, sort of defies the purpose of bitcoin’s anonymity.

Luno allows users to buy and sell Bitcoin through bank Transfer, SEPA transfer, Interbank GIRO/IBFT and EFT. Before you can buy Bitcoin on Luno, you need to deposit money into your Luno wallet. You don’t need to buy an entire Bitcoin. You can buy a smaller amounts a platform for a user to trade bitcoin.

Check out Also: How to buy bitcoins with credit card Instantly with little or no charge

What am gonna be discussing with you in Details

  • Luno Sign Up – That how to Create account with Luno and verify it.
  • Luno Supported Countries.
  • Bitcoin App download.
  • How to Buy Bitcoin (BTC), Ethereum (ETH) with Luno
  • How to send Your bitcoins from Luno to another wallet
  • How to Deposit Money to Luno.
  • How to Withdraw your money from Luno.
  • How Secure is your Bitcoin on Luno.

Luno Review: Supported Countries

Countries where Luno offers its services in 43 countries which include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Indonesia, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, Nigeria, Norway, Poland, Portugal, Romania, San Marino, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, United Kingdom.

Only those in this countries listed above can create an account with Luno, so if your country is listed there walk with me to create an account with luno now following the guide below.

Let Get started with How to Create Luno account | Luno Sign up

Luno Review
Luno account sign up is very simple and straight forward the only thing you are required to do is to follow the guide that I will be sharing with after sign up to verify your account.

  • To sign up you can either download Luno official app or sign up from there official website here www.luno.com ( Keep in mind that you still need the app for easy transaction and for the security of your coin )
  • Click on the website above and click on sign up when the page loads.
  • Enter your email address and a strong password.
  • Select your country and click on sign up.
  • When you click on sign up an email will be sent to your address, click on the confrontational link and sign in.

Luno Review: Luno Required Verification Method

When you open a Luno account, you will need to verify your account to be able to make use of the wallet. To do so, you will need to supply your full name, verify your email address and accept Luno’s user agreement.

  • To buy and sell Bitcoin, you will need to supply a valid bank account to allow Luno transfer.
  • Verification includes; email verification, phone number verification, identity verification (using a government issues ID) and resident verification.

After verification the next thing you will need to do is to enable 2FA ( Two factor Verification ) this is to secure your account.

Check out Also: How to buy bitcoins with credit card Instantly with little or no charge

Luno Review: How to Buy Fund your luno account with your local currency

After verification the next thing that you may wnat to do is to buy Bitcoin (BTC), Ethereum (ETH) with Luno

  • Login to your Luno account and click on more in the homepage.
  • Select deposit money and enter the amount that you want deposit from your bank account to you Luno account and click. Note that you can still withdraw to your bank account if you want to.
  • Enter your credit card or debit card details ( if you are in Nigeria make sure that the mobile phone number linked with your BVN is on with you because you will be receiving a code for verification )
  • Follow the remaining steps which will be shown to you step by step to ensure a successful deposit.

Remember that there are limit of the amount of money that you can deposit in your level as a beginner because there are there types of level in Luno and each one requires a new verification.

Check out Also: How to buy bitcoins with credit card Instantly with little or no charge

Luno Review: How to Buy and sell Bitcoin on Luno

There are two methods of buying and selling Bitcoin on Luno and they are a follow:

Instant buy/sell: in this case, once you have made deposit to Luno in your local currency, you click on ‘buy’. enter the amount of bitcoin you want to buy either in BTC or your local currency (depending on the amount you deposited). Your bitcoin wallet will be funded instantly. Follow the same process to sell your bitcoin but in this case, you have to click on ‘Sell’

Trade on Exchange: to sell Bitcoin on through this method, Click ‘exchange’. Here you can choose the amount you want to sell you Bitcoin when Bitcoin price rises or falls to that price, your Bitcoin will be sold. this also applied to buying Bitcoin. if you are good at this, you can make more by selling when it’s high but tends to drop and buying when it’s low but tends to rise.

Luno Review: How to send bitcoin to another wallet and How to Receive bitcoin to your luno account

If a user wants to send your Bitcoin and you are both Luno Users, you can use your email address to receive bitcoins. However, you will have to use your Public Bitcoin address to receive Bitcoin from someone who is not on Luno.

To Find your Bitcoin address go to Receive and click on ‘add address’. You can add as many addresses as you want. Bitcoin received by any of the addresses will reflect in your wallet.

Luno Review: How Secure is your Bitcoin on Luno

The only additional Security in Luno is the 2FA. They do not have a Vault like Coinbase where two persons need to confirm a Bitcoin transaction before it’s sent. What this implies is that

If some has your email password and phone, the person can log into your account and steal your Bitcoin (but with a vault, a second person needs to confirm that transaction before it is sent)

You do not have sole control of your Bitcoin on Luno, Luno has access to your bitcoin since they provide you with the wallet. So they can take your Bitcoin, freeze your Bitcoin or hackers can hack into their platform and steal bitcoins. However, there is no known case of an occurrence of Luno’s platform being compromised. So we can still have trust in the integrity of Luno to keep our Bitcoin safe.

Check out Also: How to buy bitcoins with credit card Instantly with little or no charge

Luno Review: Luno App download for Android and iOS

Luno app is avaliable for download for Android and iOS.

  • To download the app visit Google Play Store and App store.
  • Make sure that you are downloading the official app of Luno.

But it is advice able that you do not keep your bitcoin in Luno exchange platform to avoid stories.

The post Luno Review – Sign up – Luno app download – buy & sell bitcoin on Luno appeared first on Mails Optin.



This post first appeared on Email Guide, please read the originial post: here

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