What are the security measures in place on Luno to protect user funds?

3 answers

• c6ffxxv445Mar 14, 2025 · 5 months ago
  Luno takes the security of user funds very seriously. They employ a multi-layered approach to protect against hacking and theft. This includes storing the majority of user funds in offline, cold storage wallets that are not connected to the internet. These wallets are encrypted and distributed across multiple secure locations to minimize the risk of unauthorized access. Luno also implements strict security protocols, such as two-factor authentication and withdrawal whitelisting, to prevent unauthorized access to user accounts. Additionally, they regularly conduct security audits and penetration testing to identify and address any vulnerabilities in their systems.
  671

  336
• Rahul MApr 16, 2024 · a year ago
  When it comes to the security of user funds, Luno doesn't mess around. They have implemented a range of measures to ensure the safety of funds. One of the key measures is the use of cold storage wallets, which are offline and therefore less susceptible to hacking. These wallets are backed up and distributed across multiple secure locations, making it extremely difficult for any unauthorized access. Luno also employs advanced encryption techniques to protect user data and employs strict security protocols, such as two-factor authentication, to prevent unauthorized access to user accounts. With these measures in place, Luno provides users with peace of mind when it comes to the security of their funds.
  709

  237
• quantomphsyicNov 04, 2024 · 9 months ago
  Luno, like other reputable exchanges, prioritizes the security of user funds. They employ a combination of offline storage and advanced security measures to protect against hacking and theft. The majority of user funds are stored in cold storage wallets, which are not connected to the internet and therefore less vulnerable to hacking attempts. These wallets are further secured through encryption and distributed across multiple secure locations. Luno also implements industry-standard security protocols, such as two-factor authentication and withdrawal whitelisting, to prevent unauthorized access to user accounts. With these measures in place, Luno ensures the safety of user funds and provides a secure trading environment for its users.
  744

  186