How secure is Luno for storing and trading cryptocurrencies?

5 answers

• Purushottam WaghNov 26, 2020 · 5 years ago
  Luno takes the security of user funds and personal information very seriously. They employ a combination of industry-standard security measures and advanced technologies to protect user assets. This includes storing the majority of funds in offline, cold storage wallets that are not connected to the internet, making them less vulnerable to hacking attempts. Additionally, Luno utilizes two-factor authentication (2FA) to add an extra layer of security to user accounts. They also regularly conduct security audits and penetration tests to identify and address any potential vulnerabilities. Overall, Luno has a strong track record of maintaining the security of user funds and personal information.
  700

  350
• MiseadolchDec 21, 2022 · 3 years ago
  When it comes to security, Luno doesn't mess around. They have implemented robust security measures to ensure the safety of user funds and personal information. One of the key measures is the use of cold storage wallets, which are offline and not accessible to hackers. This significantly reduces the risk of funds being stolen. Luno also employs advanced encryption techniques to protect user data and implements strict security protocols to prevent unauthorized access. In addition, they have a dedicated team of security experts who constantly monitor and update their systems to stay ahead of potential threats. With Luno, you can trade and store cryptocurrencies with peace of mind.
  687

  229
• Christopher PaianoAug 03, 2020 · 5 years ago
  Luno is renowned for its commitment to security. They have implemented multiple security layers to protect user funds and personal information. Luno stores the majority of user funds in offline, cold storage wallets, which are not susceptible to online attacks. This ensures that even in the event of a security breach, the majority of user funds remain safe. Luno also employs robust encryption techniques to secure user data and implements strict access controls to prevent unauthorized access. Additionally, they have a dedicated security team that continuously monitors for any potential threats or vulnerabilities. With Luno, you can trust that your cryptocurrencies are in safe hands.
  690

  173
• Jojo IlyasNov 10, 2020 · 5 years ago
  Luno is one of the most secure platforms for storing and trading cryptocurrencies. They have implemented a range of security measures to protect user funds and personal information. Luno stores the majority of user funds in offline, cold storage wallets, which are not connected to the internet and therefore less susceptible to hacking attempts. They also use industry-standard encryption protocols to secure user data and employ strict access controls to prevent unauthorized access. Luno regularly conducts security audits and has a bug bounty program in place to incentivize the discovery of any vulnerabilities. Rest assured, your cryptocurrencies are in good hands with Luno.
  681

  137
• Sha RIApr 26, 2025 · 3 months ago
  Luno is a trusted platform for storing and trading cryptocurrencies securely. They prioritize the security of user funds and personal information by implementing various measures. Luno stores the majority of user funds in offline, cold storage wallets, which are not accessible to hackers. They also use advanced encryption algorithms to protect user data and employ strict security protocols to prevent unauthorized access. Luno regularly updates its security systems to stay ahead of potential threats and conducts regular security audits. With Luno, you can trade cryptocurrencies with confidence, knowing that your assets are well-protected.
  645

  108