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Whether you are a Luno user or still looking for a way to use the app, you have come to the right place. We are going to teach you how Luno works in South Africa in this article.
How does Luno work in South Africa? Can I make money with Luno in South Africa? Is Luno available to users in the country? We are going to answer all your questions in this article.
What is Luno?
Luno is a crypto currency investment app used to hold crypto currencies. The app serves as a wallet for most crypto currencies. Luno is a legit trading platform that makes it easy to hold and trade your Bitcoins. With Luno app, one does not need to be an expert before he or she can trade on the app.
Luno is secure, reliable and safe to trade with. The app has over 10 million users worldwide. It is also available in over forty markets in across four continents (Asia, North America, Africa and Europe). Keep reading to learn how Luno works in South Africa.
Luno is a platform to easily make money with. Listed below are some of the legit ways to make money with Luno
1. Luno Affiliate Program
One of the popular ways to make money with Luno is through the affiliate program. Under this program, a commission is paid to you each time you refer friends and families to join the platform
2. Bitcoin Trading
Another way to make money on the app is by trading your Bitcoins at a crypto exchange platform. It is recommended that you learn the tactics of trading before creating a trading account.
3. Bitcoin Investment
You can also make money with Luno through Bitcoin investment. Here, all you need to do is to buy and hold your crypto currencies and sell them for a higher price once the prices appreciate in the future.
How Does Luno Work in South Africa?
Here is a summary of everything you need to know about how Luno works in South Africa
Luno is a an exchange platform that connects sellers with buyers, similar to other exchange platforms (forex, stock, commodities etc)
Sell your Bitcoins
One of the ways Luno works in South Africa is by letting users sell their bitcoins in the local currency. You can sell your Bitcoins at the Luno exchange in the local currency (South African Rand ZAR).
To sell your Bitcoins at the local currency, all you need to do is to login to your Luno exchange, and make a deposit to the person you wish to sell to. Make sure you do not fall for fraud.
Buy your Bitcoins
Luno also makes it easy to buy Bitcoins on the platform. To do this, the buyer goes to the Luno exchange, makes a local currency deposit - the money to be used to buy the Bitcoin.
To learn more on how Luno works, visit the platform here
How to Deposit Money Into My Luno Wallet
To deposit money to your Luno wallet, follow the instructions below
- Login to your Luno app or website
- Choose "wallet" from your dashboard
- Select your local currency wallet
- Choose "deposit"
- Select the method you want to top up your wallet
Follow the remaining instructions to deposit to your Luno wallet
Is Luno Available in South Africa?
The answer is yes, Luno is available in South Africa. The platform is also available in the following countries
- Singapore
- Australia
- Nigeria
- Uganda
- European Countries
- Malaysia
- United States
- Indonesia
Conclusion
Luno is a crypto currency exchange platform to make money from in South Africa. Luno works in South Africa through the buying and selling of digital currencies. The platform is a good place to sell, buy, and trade your Bitcoins. I believe I have answered your question 'How does Luno work in South Africa?'
If you have other questions related to how Luno works in South Africa, do not hesitate to ask your question in the comments section below.
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