Luno is a digital currency exchange that was founded in 2013. The company is based in London, United Kingdom. Luno allows users to buy, sell, and store digital currencies such as Bitcoin, Ethereum, and Litecoin.
Luno has been praised for its low fees, ease of use, and security. However, some users have raised concerns about the safety of Luno.
Luno is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA is a world-renowned financial regulator that has strict requirements for financial companies. Luno is also a member of the Digital Currency Exchange Association (DCEA).
NOTE: WARNING: There are inherent risks associated with buying Bitcoin through Luno or any other online wallet. Before making a purchase, you should thoroughly research the security measures in place and the potential risks associated with that particular service. Additionally, it is important to remember that no cryptocurrency wallet is completely safe, and there is always a chance of unauthorized access to your account.
The DCEA is a self-regulatory body that sets best practices for digital currency exchanges. Luno has implemented multiple layers of security, including 2-factor authentication and cold storage of user funds.
Despite these measures, some users have raised concerns about the safety of Luno. In 2018, $2 million worth of Bitcoin was stolen from Luno wallets. The company has since reimbursed all affected users. In 2019, there were reports of phishing attacks Targeting Luno users.
It is important to be aware of these risks when using any digital currency exchange. However, overall, Luno appears to be a safe and secure platform for buying and selling digital currencies.
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