About Luno Wallet

Originally known as BitX, Luno wallet has a rich history in the cryptocurrency industry since its establishment in 2013. While its cryptocurrency support is limited to Bitcoin and Ethereum, Luno sets itself apart by focusing on providing extensive support for local currencies.

Local Currency Support

Luno allows users across Asia and Africa to connect their local bank accounts and deposit funds, supporting currencies such as ZAR, IDR, MYR, and NGN. This feature has made Luno particularly popular in emerging markets.

Instant Buying and Selling

Luno facilitates the instant buying and selling of cryptocurrencies, offering convenience to its users.

User-Friendly Features

Luno offers several user-friendly features, including the ability to send cryptocurrency via email addresses or phone numbers, eliminating the need to deal with complex cryptocurrency addresses. Users can also enhance security by enabling two-factor authentication.

Notable Limitations

However, Luno lacks certain key features. It does not employ hierarchical deterministic technology, does not provide multi-signature (multi-sig) functionality, and its code is not open-source.

Access and Security Measures

Luno can be accessed through web browsers and is available on iOS and Android platforms. It actively promotes security by reminding users to verify the website's URL to prevent phishing attempts.