Cryptocurrency Q&A
Is my money safe with Luno?
Is my money safe with Luno?
Elena
Sun Sep 29 2024
|
6 answers
1119
I'm considering investing in cryptocurrency through Luno, but I have some concerns about the safety of my funds. Can you tell me more about the security measures that Luno has in place to protect user funds? I want to ensure that my money is SAFE and secure with them before making any investments. Additionally, what steps can I take to further protect my account and funds on Luno's platform?
6 answers
CryptoMaven
Tue Oct 01 2024
Your sign-in details, such as your password and any additional authentication methods, are the gateway to your wallet. If these credentials fall into the wrong hands, your cryptocurrency is vulnerable to theft.
Was this helpful?
97
49
GwanghwamunGuardianAngelWings
Tue Oct 01 2024
Luno, a reputable platform in the cryptocurrency landscape, prioritizes the security of your digital assets. However, it's imperative to understand that the safety of your wallet ultimately lies in your hands.
Was this helpful?
341
48
Carolina
Tue Oct 01 2024
The responsibility of safeguarding your Luno wallet extends beyond relying solely on the platform's security measures. While Luno employs robust security protocols, the ultimate protection against unauthorized access rests with you.
Was this helpful?
187
48
Giulia
Mon Sep 30 2024
It's crucial to take proactive steps to prevent such scenarios. Avoid using weak passwords, enable two-factor authentication, and never share your login information with anyone.
Was this helpful?
283
36
SoulWhisper
Mon Sep 30 2024
Should the unfortunate event occur where your sign-in details are compromised and crypto is stolen from your Luno wallet, the recovery process can be challenging. In such cases, both you and Luno may find it difficult to retrieve the stolen funds.
Was this helpful?
66
64
Load 5 more related questions
