A great way to start. One of the better exchanges offering trading in ZAR. Howerver there are many international exchanges that charges lower fees and offer far more. Lunos graphs are always behind the block. Luno has changed their name when they weren't that successful before. Do a quick search and have a look. My advice is. Move to a proper exchange and keep your funds in a wallet not a exchange. The idea behind Bitcoin is decentralisation and freedom. All a exchange like luno does is make people comportable trading not yet ready to make the mindshift using Bitcoin as it was intended.
DO NOT USE THE QUICK BUY OPTION. They take WAY MORE than 1%. Only use the exchange!!! I lost large amounts of money falling for the quick option. They don't make this clear initially and it will cost you. The issue with quick buy is that it takes a large chunk of already made profits. The purchase rate is disclosed but the chunk taken from previous gains is the issue I had.
Charges very HIGH to deposit money and Unresponsive support. They cannot handle Big volume. One can only send 10btc within 24 hours. Always have either deposit or withdrawal issues and blames it on Huge traffic. And btc transfer between luno accounts is not done internally like other exchanges. It will still be broadcasted to blockchain. That's Bad
I have being using this app for a while and have enjoyed it all the way until recently it asked me to update. I updated it and since then it has refused to work. Always displaying "insecure connection, update app". I have updated it already! I even uninstall and reinstalled. Still thesame problem, I can even login again this time. Still thesame message of insecure connection. It's frustrating!
I send Bitcoin for 0.00292 . Well thats a small amount for most of you guys. But you know how much Luno charged for the " Bitcoin Send Fee " ? BTC 0.001489 !! THATS MORE THAN HALF FROM WHAT I HAVE SEND! WHAT KIND OF MADNESS IS THIS?! GIVE MY BTC BACK AND CHARGED ME ACCORDINGLY.
As soon as you want to sell or withdraw some issue occurs leaving you stuck (Luno losing out on profit) This only works when on the up. Very untrustworthy and they'll come with some technical excuse I bet. Lost total faith
In 4.0.2 (2017-11-29)
• We've launched our ETH/BTC exchange! You can now trade between Ethereum and Bitcoin 🎉
• You can now monitor the Ethereum price by setting Ethereum price alerts
• Bug fixes and performance improvements
Thank you for your feedback so far. If you have any suggestions please visit luno.com/help
Want to learn more about Bitcoin or Ethereum? Visit luno.com/learn