What is Luno Wallet? And process of converting Crypto asset

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Luno company was established in the year 2013 as the name of BitX in London. It is a digital company and the name of the company was rebranded and was named Luno Wallet from its previous name BitX.

Luno company was established in the year 2013 as the name of BitX in London. It is a digital company and the name of the company was rebranded and was named Luno Wallet from its previous name BitX. It has offices in several famous countries such as Singapore, Malaysia, Nigeria, and South Africa. And then the Wallet is also available in at least 35 EU countries. 

A former Google employee Timothy Stranex is the founder of Luno or BitX. All the people working for the Luno come from a highly professional background who worked with the world’s top countries. In this blog, you can get the details of the advantages of using the wallet and how to send crypto after the Luno login.

Benefits of Luno Wallet

For beginners, we are presenting the advantages of this wallet so that they also decide to explore the Wallet and enjoy the benefits themselves. 

 

  • Price of Wallet

 

If think that you will have to pay for using the services of the wallet, then you are completely wrong. Because you can get started with this wallet just by downloading it from the official website or the Google Play Store.

  • Wallet Security

This wallet has a pretty good security system. This wallet provides several security features to the users. And you can view all the security features easily after the Luno login and enable/disable that you like/dislike.

  • Maintaining Anonymity

Many crypto wallets have made it compulsory to acquire some private information about the user at the time of account sign-up. But this platform does not do asks for all of your personal information. Instead, it just asks for a few pieces of information that would be necessary for the transaction confirmation.

 How to convert one Crypto coin to another Crypto asset?

You can convert your cryptocurrency coin to any other crypto coin by executing the steps in the same manner as they have been mentioned:

  1. The primary step is to do a Luno login so that the dashboard of your account would be opened. 
  2. Go to the ‘Wallet’ section. 
  3. Tap on ‘Sell’.
  4. From the ‘Choose Crypto’ option select the crypto asset that you want to sell (the one you want to convert). 
  5. Then the users have to select the next crypto coin, that they want the above-selected currency to convert into.
  6. Write the amount of the cryptocurrency you want to sell.
  7. Tap ‘Next’.
  8. Review the details and rectify the error if any. Then, Confirm the transaction.
  9. If you are using the Luno Wallet, then you will have to enter the Luno Pin as well to execute the transaction.

 Hence, you have now successfully converted one crypto coin by selling to get it converted into another one.

Concluding Thoughts!

You can easily get started with the Luno Wallet as its signing-up procedure is easy. Once it has been set up you will have to do Luno Login and then begin their journey of seamless transactions. And if you want to use your account through mobile then you can install its mobile phone application and then access your account. The users are the only ones who can control their wallet accounts without the disruption of a third party.

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