Luno Blockchain Wallet App Lets You Buy or Sell Bitcoin & Etherum

This review shows how to download Luno APK app for Android and everything you need to know about the world’s most secure blockchain wallet for buying and selling cryptocurrencies online.

Are you new to the world of cryptocurrency investment or an expert who would like to manage his account on mobile? This review of Luno is all you need to get started in your journey to a passive income from the crypto market. As you are already aware, crypto is the new digital currency of the future powered by a decentralized ledger known as the blockchain.

Blockchain technology is driving the finance world faster than any other; transactions processed on this platform is deemed secure and safe with both parties identity fully protected.

For some of us that may be interested in using this emerging trend to build wealth and make more online outside the traditional financial securities like stocks, forex, bonds or treasury bills, cryptocurrency offers the next best opportunity to look into. While there are hundreds of coins available for trading, we will only look at Bitcoin and Etherum; at least they occupy over 50% of the cryptocurrency market capitalisation.

In selecting how you want to securely trade your crypto assets and which wallet to store, age, among others, is a critical factor to look at. It lets you know which wallet providers offer the highest security standards and user protections amidst increasing threats, unauthorized third-party access and crypto hackers.

Dating back to 2013 which, as of this write up, is like 6 – 7 years, Luno stands among the early pioneers of this industry with billions of dollars processed in the cryptocurrency market. They boast of the world’s most sophisticated Bitcoin security systems with no history of users’ data or wallets being compromised.

Luno is also available in over 40 countries of the world, hence ranks as the most trusted cryptocurrency wallets and trading providers serving 3 million satisfied customers worldwide. The growth of this platform isn’t unconnected to the fact the Bitcoin and Etherum users love the easy to understand interface, simple and flexible local money transfers or funding options to its customer’s service centres designed to serve and attend to diverse complains in different languages.

How to Get Started on Luno Platform

Onboarding on Luno isn’t a difficult process; follow the steps below to get started:

• Signup on Luno.com and complete the verifications by providing your government-issued IDs (drivers’ license, national identity or international passport,), proof of address (utility bills, or bank statement) and a selfie picture showing your face.
• Once your address is verified, you will be upgraded to Level 2 where you have a maximum of N500,000 deposit and withdrawal limit. You can proceed with your first deposit into your Luno wallet via Paystack or PayU. Paystack lets you deposit transfer fund from a listed personal bank to  Luno while PayU facilitates an instant deposit via a debit or credit card.
• Buy your first Bitcoin or Etherum with available cash balance at the prevailing market rates or alternatively, you can send either of these Crypto to your wallet via a generated address.
• Luno also offers a real-time market price of Bitcoin and Ethereum so you can decide when to buy or convert your cryptocurrencies asset into your local currency.

Luno Mobile Blockchain Wallet

The new and improved mobile digital currency wallet from Luno lets you manage your cryptocurrencies from anywhere. As of this review, the wallet only supports Bitcoin and Etherum trading.

You can initiate a “Buy or Sell” order on either of these coins and get your order fulfiled at the prevailing market prices. Although the commission is charged per transactions the long-standing flexibility and security of your transactions makes it worthwhile. For funding, the local currency wallets provide “Withdrawal and Deposit” options for fast money transfer via Paystack and PayU.

Luno Transactions

As a registered and verified user on Luno, you have seamless access to your transaction histories where you will see all your fund deposits, withdrawal and cryptocurrencies exchanges, including the market prices transactions was processed. Details of your transactions include the date, the units of Bitcoin or Etherum bought or sold, and amount in your local currency.

Luno Exchange

This a real-time platform that displays recent buy and sells orders on Bitcoin or Etherum from Luno users, including the limit prices. It has three (3) sections; Trades, Order Book and My Orders. If you have placed an order to buy or sell any of the supported coins, “My Orders” displays all pending orders and executed orders.

Withdrawal fees

Currency	Method	Fee
EUR	SEPA Transfer	EUR 0.30
IDR	Bank Transfer	IDR 6,500.00
MYR	Interbank GIRO / IBFT	MYR 0.32
NGN	Bank Transfer	NGN 200.00
ZAR	EFT	ZAR 8.50
ZMW	Bank Transfer	ZMW 10.00

Deposit fees

Currency	Method	Fee
EUR	iDEAL	Free
EUR	Debit or credit card deposit	Free
EUR	SOFORT	Free
EUR	SEPA Transfer	Free
EUR	Cards	Free
IDR	internet banking	IDR 4,000.00
IDR	ATM	IDR 4,000.00
IDR	mobile banking	IDR 4,000.00
IDR	Bank Transfer	Free
IDR	other	IDR 4,000.00
IDR	SMS	IDR 4,000.00
MYR	Interbank GIRO / IBFT	Free
NGN	Bank deposit	1.58% (max NGN 2,070)
NGN	Card deposit	1.58% (max NGN 2,070)
NGN	Paystack	1.50% (max NGN 2,000)
ZAR	EFT	Free
ZAR	Cash Deposit Penalty	ZAR 20.00 + 5.00%
ZMW	Bank Transfer	Free

Trade fees

Market	Maker fee (rebate)	Taker fee
BTC/EUR	0.00%	0.25%
BTC/IDR	0.00%	0.20%
BTC/MYR	0.00%	1.00% >BTC 0.00* 0.75% >BTC 10.00* 0.50% >BTC 100.00*
BTC/NGN	0.00%	1.00% >BTC 0.00* 0.75% >BTC 10.00* 0.50% >BTC 100.00*
BTC/ZAR	0.00%	1.00% >BTC 0.00* 0.75% >BTC 10.00* 0.50% >BTC 100.00*
BTC/ZMW	0.00%	1.00% >BTC 0.00* 0.75% >BTC 10.00* 0.50% >BTC 100.00*
ETH/BTC	0.00%	0.25%

Luno Verification levels, Deposit and Withdrawal Limits

As a new user on the Luno platform, you need to understand the various level of verifications available and how it affects your transaction limits. These levels become easier and you scale the ladder.

Country	Level 1	Level 2	Level 3
Europe*	Deposits are limited EUR 1,000 Withdrawals over all time EUR 1,000	Deposits per month EUR 5,000 Withdrawals per month EUR 5,000	Deposits per month EUR 100,000 Withdrawals per month EUR 100,000
Indonesia	Deposits limit is IDR 15,000,000 Withdrawal is IDR 15,000,000	Deposits per month IDR 25,000,000 Withdrawals per month IDR 25,000,000	No limits
Malaysia	Deposits limit is MYR 5,000 All-time Withdrawals is MYR 5,000	Deposits per month MYR 10,000 Withdrawals per month MYR 10,000	Deposits per month MYR 300,000 Withdrawals per month MYR 300,000
Nigeria	Deposits over all time NGN 200,000 Withdrawals over all time NGN 200,000	Deposits per month NGN 500,000 Withdrawals per month NGN 500,000	Deposits per month NGN 10,000,000 Withdrawals per month NGN 10,000,000
South Africa	Deposits over all time ZAR 15,000 Withdrawals over all time ZAR 15,000	Deposits per month ZAR 50,000 Withdrawals per month ZAR 50,000	Limits may apply
Zambia	Deposits per month ZMW 0 Withdrawals per month ZMW 0	Deposits per month ZMW 50,000 Withdrawals per month ZMW 50,000	Deposits per month ZMW 1,000,000 Withdrawals per month ZMW 1,000,000

Luno Supported Countries for Bitcoin and Etherum

The digital currency trading provider is currently available in Europe; countries like Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, and United Kingdom as well as Indonesia, Nigeria, Zambia, South Africa and still expanding to more countries.

How to Download Luno APK APP for Android for Bitcoin and Etherum Investment

• Go to Google play store on your smartphone and search “Luno”
• Click on “Install” to initiate the process of installing the Luno digital blockchain wallet to your device. This usually takes a few minutes.
• After installation is complete, tap “Open” and log in with your preferred username and password.
• Fund your account and start buying digital currencies into your Luno wallet.

For inquiries, suggestions and help on how to open, verify and trade cryptocurrencies on Luno, you can send a mail to support@luno.com.

Tags: mobile banking app