If you are in South Africa and have been looking for a way to make money on Luno then you have come to the right place. We have provided a step-by-step guide on how to make money with Luno in South Africa.
There is no doubt Luno is one of the platforms to make some side money from. However, making money on the platform can sometimes be challenging especially if you do not get the right guidelines.
People who have patiently used the platform have made some decent money through various ways. Luno is a legit way to get some extra cash to your bank account in South Africa.
How to Make Money With Luno in South Africa
To make money with Luno, follow the explanations below
Bitcoin Trading
It is one of the proven ways to make money with Luno in the country. Trading on Luno is an advanced method of earning money on the platform.
While it is true trading Bitcoin can sometimes be complicated, Luno has a support team which is ready to come to your need help at anytime. However, trading on the platform is worth it since it is one of the ways to make money with Luno.
To start making money on Luno through trading, you will need to create your account at Luno trading exchange or another crypto exchange platform to start your trading journey. It is recommended you understand the language of trading before commencing.
Bitcoin Investment
Bitcoin investment is also a way to make money with Luno in South Africa. Luno has made it easy for members to earn money by depositing money to their Luno wallets which can be used to purchase crypto currencies.
To make money through investment, you will need to buy the bitcoins at a certain price, store them in your Luno wallet, and sell them when Bitcoin prices rise. With this strategy, you can be able to make decent money on the platform.
Let assume 1 Bitcoin currently costs $10,000, you can buy two for $20,000, and sell them at a higher price when 1 Bitcoin rises to $15,000. The good thing about Luno is that members are able to buy and store their crypto currencies in their wallets and resell them when the price rises.
Just like trading, investing in crypto currencies is highly risky since it is a highly volatile stock. Therefore, before investing in any crypto currency, it is important you understand the risk involved. You may either gain or lose.
Luno Affiliate Program
What if I told you one of the legit ways to make money with Luno is by joining the affiliate program? Yes, you heard me right! Luno has made it easy for members to earn money through the referral program also known as affiliate program.
Here, members are paid a commission each time they refer someone to join the platform. However, there are some strict policies you must adhere to when you want to join the program.
A unique or referral code will be sent to you via email when you join the referral program. It is this code you will send to family and friends to join the platform.
When someone joins the platform through your referral link, some commission will be paid to you. The commission is about 10% which is usually deposited to your Luno wallet. Joining Luno affiliate program is a proven way to earn money with Luno in South Africa. A you need to do is to join the program and start inviting family and friends.
Frequently Asked Questions About Luno in South Africa
What is Luno?
Luno is a crypto currency exchange platform used to store and trade Bitcoin. The platform has millions of users worldwide. The platform is good for beginners in the crypto sector because you do not need to be an expert before you use the app/website.
Luno is secure, fast, and flexible to use and store your crypto currencies. Luno has markets across four continents (Asia, Africa, North America, Europe), and over 40 markets in these continents.
Can I Make Money on Luno in South Africa?
Yes, Luno is a legit means to make money online in South Africa. You can make money with Luno through Bitcoin trading, affiliate programs, and Bitcoin investment.
How to Use Luno in South Africa
Follow the instructions below to start using Luno
- Visit the Luno website to create your account or install the app from Google play store.
- Create your account using your email address. Choose a very strong password for security purposes
- Sign up and confirm your address to start using Luno. Follow the instructions sent to you via email to complete your account creation.
Benefits of Luno
- Luno is an excellent app to make money online in South Africa
- You can trade, invest, and hold your crypto currencies on the Luno platform
- The platform also makes it easy to buy and sell crypto currencies using the Fiat currency
- With Luno, you can be able to withdraw your money directly to your bank account in South Africa
- You can also store your Bitcoins on Luno without having to worry
Is Luno Legit?
Luno is a legit crypto currency exchange platform that serves as a crypto wallet, crypto investment, and other trading stuffs. Luno is legit and can be trusted. It has a great review from people who have actually used it. However, you can read more reviews on the platform before using if you have doubts.
In conclusion, you can make money with Luno in South Africa through Bitcoin trading, Bitcoin investment, joining the affiliate program also known as the referral program. When followed the above methods, you can be able to make money with Luno in South Africa with ease.
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