Luno is a feature-rich cryptocurrency exchange with its headquarters in London, Cape Town, and Singapore. The exchange is backed up by many big investors like Venturra Capital, Digital Currency Group, Naspers, Balderton Capital, and Rand Merchant Investment holdings (RMI). The trading fee of the exchange depends on the network activity, currency type, and location of the user. Luno offers an advanced level of security to its funds. Digital wallets are secured with two-factor authentication, and account passwords are stored securely in hashed form. SSL encryption is used for all the web services. To secure the client web wallets Pretty Good Privacy (PGP) encryption is used. To prevent the hacking, funds are kept in multi-signature cold storage wallets which are encrypted and keys of which are stored in individual bank vaults. To handle the instant transaction, the exchange keeps multi-signature wallets online. Exchange offers the deposit methods via SEPA transfer, bank transfer, debit/credit card, Interbank GIRO/IBFT. When it comes to withdrawals, exchange accepts SEPA transfer, bank transfer, EFT and Interbank GIRO/IBFT. The exchange supports several national fiat currencies, offers a built-in wallet and has a user interface which makes it suitable for beginners and experienced traders as well.
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