What is Luno?
Founded in 2013, Luno is a well-known cryptocurrency exchange and wallet provider. It began operations in Singapore in 2013 and has since extended to 44 nations around the world. Formerly known as Bitx, the exchange platform rebranded and changed its name to Luno in 2017. Since its rebranding, it has enjoyed unanticipated growth. Luno services over 7 million consumers from offices in Singapore, Cape Town, Australia, Nigeria, and London. The exchange platform has raised approximately $13 million from investors such as Digital Currency Group and Venture Capital, both of whom are based in the United Kingdom.
Luno is currently South Africa's most well-known bitcoin exchange. It has the most trading volume in the country, closely followed by Nigeria. The exchange platform has prestigious features including quick trades, quick deposits and withdrawals, direct bank account transfers, simple trading, and price alerts, among others. Before making the payment, you should double-check the charge schedule. Regardless of the slight issue, any Luno review will reveal that Luno is one of the finest cryptocurrency exchanges.
Traders interested in buying and selling digital assets can connect with each other on the exchange. Luno is one of the most popular crypto trading platforms because of its low costs and support for local currencies.
Luno assists people who want to instantly trade Bitcoin and Ethereum with fiat currency. The fiat trading cost for an instant buy or sale starts at 2% but can go up. The trading platform imposes transaction limits based on the country's preference. In Nigeria, for example, the minimum limit is 300 Naira, with a maximum limit of 3.6 million Naira. It is important to remember that these restrictions only apply to the immediate trade capability.