Cryptocurrency Q&A
Should I trust Luno?
Should I trust Luno?
Sara
Tue Oct 01 2024
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7 answers
1918
I'm considering using Luno for my cryptocurrency needs, but I'm hesitant about whether or not I should trust them. Can you tell me more about their reputation in the industry? Are they a reputable and secure platform for buying, selling, and storing digital currencies? I've heard mixed reviews and I want to make sure I'm making an informed decision before entrusting them with my money. What measures do they have in place to protect their users' funds and personal information? And what are some of the benefits and drawbacks of using Luno compared to other cryptocurrency exchanges?
7 answers
SeoulSerenity
Thu Oct 03 2024
Recognizing the significance of safeguarding customers' funds, Luno employs innovative strategies to keep their crypto holdings secure. One such strategy is their use of "deep freeze" storage.
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mia_anderson_painter
Thu Oct 03 2024
Moreover, Luno's commitment to security extends beyond just storage solutions. They continuously invest in upgrading their systems and implementing new technologies to stay ahead of potential threats.
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Martina
Thu Oct 03 2024
In this advanced security measure, Luno keeps a staggering 95% of all crypto assets in a secure and inaccessible state. This "deep freeze" ensures that even in the event of a breach, the majority of funds remain untouchable.
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Luigia
Thu Oct 03 2024
These multi-signature wallets utilized by Luno are fortified with multiple layers of encryption. This multi-layered approach significantly enhances the security of the stored assets, making it virtually impossible for unauthorized access.
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CryptoAce
Thu Oct 03 2024
The multi-signature aspect adds an extra layer of protection, as multiple keys are required to authorize any transaction. This redundancy ensures that no single point of failure can compromise the security of the funds.
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