Have you always wanted to get into investing but think it’s too hard or costly? Or are you a veteran investor who wants to diversify their portfolio? Well, Luno is a digital asset exchange that can help you in both respects.
Through Luno, you can learn about bitcoin (BTC) as well as other cryptocurrencies and then make investments almost straight away in a quick, easy, and safe manner.
How safe, you say? Luno is the first digital asset exchange to be approved by the Securities Commission of Malaysia back in 2019. So you can be assured that it’s legit and subject to our laws and regulations.
Furthermore, if you trade on Luno, you certainly won’t be alone. Luno serves 7 million customers spread over 40 countries. Since being founded in 2013, the exchange has processed more than US$17 billion in transactions.
In Malaysia alone, Luno signed up over 80,000 new customers in 2020. In January this year, thousands of new customers signed up daily due to their interest in bitcoin investment.
You may ask, what’s behind this rush? Well, bitcoin has lately turned into a very hot commodity. It’s a digital asset that functions a bit like gold – some people even refer to it as ‘digital gold’ or ‘Gold 2.0’. You can use it to send money to friends and family, or buy things online.
More importantly, bitcoin works a lot like the Internet in that no single person or entity controls it. So you’ve got plenty of freedom to use it however you wish. Bitcoin is also extremely transparent because each transaction utilises blockchain technology – meaning everything can be tracked and be accounted for.
As mentioned earlier, it’s important to note that Luno also allows you to buy and sell other cryptocurrencies like Ethereum (ETH), XRP and Litecoin (LTC). What’s great about Luno is that you can learn all about them and the basics of cryptocurrency trading on the website itself. Luno provides easily understandable articles, videos, and blog posts that will help you get started however you choose.
Having all these tools at your fingertips is wonderful because, whether you’re a veteran investor or an absolute beginner, you’ll have the ability to diversify your portfolio at all times. We’re all familiar with the proverb “Don’t keep all your eggs in one basket.” So don’t.
Investing in cryptocurrencies means that you’ve hedged against potential volatility in your other investments. And don’t we all need a backup plan in these uncertain times?
And if you’re still jittery about investing, know that you can be notified of major market movements by setting up a Price Alert through the Luno app on your phone. Don’t be caught off guard.
Thankfully, with Luno, keeping track of your various investments has never been easier. Moreover, it’s great to be able to trade at any time of the day or week – the beauty of crypto-markets is that they never close.
Moreover, Luno enables you to buy and sell instantly from as low as RM3 – perfect for keeping pace with spontaneous trends and the busiest of trading hours. Through the Instant Buy/Sell feature, you can start buying and selling from the moment you log in. You can also use the Repeat Buy option to automate your cryptocurrency purchases according to your specified frequency – daily, weekly, monthly, and more.
As you can see, Luno isn’t just a digital asset exchange – it’s also a learning and real-time information hub. It’s really a one-stop centre for all things cryptocurrency, and where better to start if you’re looking to get into the action instantly? You can be a diversified, 21st-century investor too.