I have been using Luno and I have never had a reason to complain for once. Their instant buy and sell feature is just superb...so immediate.
They trade, BTC, BCH, XPR and LTC. You can easily exchange cryptos at cheap rate. Trust me, they don't charge much.
Verification of incoming crypto takes few minutes and you can cash out at any moment.
One of the newest features they introduced is as explained below.
You can now earn up to 4%* on your bitcoin with Luno! Start growing your stash today with our new BTC Savings wallet .
First, you’ll need the latest version of the Luno app (version 7.1 now available for Android and iOS).
1. Update your Luno app to the latest version
2. Enable your BTC Savings wallet
3. Transfer bitcoin into your BTC Savings wallet
4. Earn up to 4% interest
Frequently asked questions
What’s the difference between holding bitcoin in my Luno wallet and the bitcoin I will hold in my BTC Savings wallet?
You can continue to hold bitcoin in your Luno wallet, but interest will only be earned on the bitcoin moved from your Luno wallet to your BTC Savings wallet. Interest can’t be earned on the bitcoin held in your existing Luno wallet.
How does the savings account and offering interest work?
As a Luno customer with your BTC Savings wallet enabled, you will earn interest on the amount of bitcoin stored in this wallet. Interest is generated by loaning this bitcoin out to our trusted lending partner.
What’s the interest rate per annum on the BTC Savings wallet?
The interest earned on the bitcoin held in your BTC Savings wallet is variable, meaning it can change. We offer a variable rate targeted at 4%* per annum.
How is the interest paid out?
The interest generated on the balance of your BTC Savings wallet will be paid out monthly, on the 1st of each month, and will be credited to your BTC Savings wallet.
Sounds great! What’s the catch?
No catches here - They provide fully transparent terms and detailed information about the risks when you enable your BTC Savings wallet. You can Visit their blog for more information about the new BTC Savings wallet.
Luno is an exchange platforms with so many interesting features, I have been using it and I think that this is a good initiative on their to gain more users. What could be better than earning interest from your saved crypto which you can also easily access at will? You should try it out.
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