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How do I use Luno to make money? Can you really make money on Luno? How do I make money daily on Luno? If you are here, it is obvious you are looking for answers to one of the above questions. Well, we got your back. You will learn how to make money with luno in this article.
There are several ways to earn money on the platform just like any other cryptocurrency exchange. You can make money on Luno through various means which will later be discussed in this article. There are a couple of people who have actually confessed to have made some significant income from Luno. Keep reading to learn how to earn money on Luno platform.
What is Luno?
Luno is a cryptocurrency exchange that is used to store some cryptocurrencies. Luno works like a cryptocurrency wallet. The platform has millions of users worldwide and is believed to be one of the popular cryptocurrency investment app. One good thing about Luno is that you do not need to be experienced before using the app. You do not also need to worry about your data security since the platform has one of the highly secured software.
According to sources, Luno has over 10 million users across the world. It also has about 40 markets across Africa, Asia, Europe, and North America. Keep reading to discover how to invest in Luno and make money.
How to Make Money with Luno
Here are some of the ways you can make money with Luno app:
1. Cryptocurrency Trading
One of the popular ways to earn money on the Luno app is to start Bitcoin trading. It is an advanced method of making money on the app. Luno allows users to buy and sell Bitcoin on the platform. The platform has great features which allows users to be able to navigate through the app.
However, it is important to note that Bitcoin trading is a highly risky online job. Bitcoin is a highly volatile coin meaning the price goes up and down wildly. It is therefore essential you understand the implications of Bitcoin trading or investment before starting. To start trading your Bitcoins on Luno, ensure you have understood the all the acts of trading to avoid losing your money.
2. Luno Affiliate Program
Luno affiliate program can also be a cool way to earn some money on the app. The affiliate program also known as the referral program allows users to earn money when they refer friends and families to sign up or join the platform. You earn a commission each time someone joins the platform using your referral link. Luno affiliate program has some policies and guidelines you need to adhere to when you want to enroll in the affiliate program.
To start earning money on Luno as an affiliate, create your referral link. Once you have successfully joined, a referral code or link will be sent to you on your phone number or email. Share the link to whoever you want to invite to join the program.
You can earn a commission of about 10% each time someone registers or joins the platform through your link. These commissions are usually deposited to your Luno wallet. If you can earn a commission of about %10, imagine how much you would earn if you invite a huge number of people.
3. Luno Investment
You can also earn money on Luno through cryptocurrency investment. It is one of the effective ways to earn money through your Bitcoin or other cryptocurrencies savings. Luno allows users to buy and deposit their cryptocurrencies to their wallets in their local currencies.
Cryptocurrency investment is the method of buying and holding your cryptocurrencies and sell them later when at a higher price. With this method, you buy your Bitcoin or any other coin at a low price and sell it when the price goes up. Bitcoin is a highly volatile coin and the price fluctuates wildly.
For instance, you can buy 1 Bitcoin for $28000 and sell it at $35000 when the price goes up. With Luno app, traders can be able to buy and store their cryptocurrencies and resell them when the prices goes up.
However, it is important to note cryptocurrencies are highly volatile coin, therefore, you may either lose or gain. There is no assurance the price may increase in the near future. There are instances when the price at which you bought the coins may even go down causing greater loss to you. Therefore, it is essential you consider the risk before investing.
How to Get Started on Luno App
To start making money or trading on Luno, you must first of all follow the steps below:
- Visit the Luno website or download and install the app from Google play store
- Create your Luno account using your email and a strong password (Use a combination of lower case, upper case, letters, symbols, and numbers)
- Click on "Sign Up" or "Create " to to create your email account
- Verify your identity by submitting any require documents. The identity verification is essential for security reasons
You will be sent a confirmation email by Luno to confirm your account. Log in to your email address and click on "Confirm". In some cases, you may not be able to use Luno if you do not confirm your account.
Why Luno is the best?
- You can be able to make money on Luno through cryptocurrency investment, Bitcoin trading, and Luno affiliate program
- The platform allows users to buy and sell their digital currencies using the fiat currency
- You can link Luno directly to your bank account which makes selling and withdrawing of your coins easy
- You can also store your cryptocurrencies on Luno without without the risk of losing your crypto
- New users are able to learn and understand how the platform works through the avenue created by Luno
FAQs
Here are some of the popular and frequently asked questions about Luno:
How do I make money daily on Luno?
You can make money daily on Luno through cryptocurrency investment, Bitcoin trading and Luno affiliate program. These are some of the proven ways to earn money on the Luno app
How do I deposit money into my Luno account?
- Log in to your Luno wallet
- Choose "Wallet" on your dashboard
- Choose your local currency wallet
- Choose how you wish to top up your wallet
- Follow the remaining steps to deposit money into your Luno wallet
What is Luno deposit limit?
The minimum and maximum deposit limits on Luno are $10 and $1000 respectively. However, there are several rumors that claim Luno is considering increasing their maximum deposit limit.
Can you make money with Luno?
Yes, you can earn money daily on Luno app through trading, investment and Luno affiliate program.
Which countries is Luno available?
Luno is available in the following countries:
- Malaysia
- South Africa
- United States
- European Countries
- Australia
- Singapore
- Uganda
- Nigeria
- Indonesia
Conclusion
Luno is one of the best platforms to invest, store and trade your Bitcoin. You do not need to be an expert to make money on Luno. We hope that by going through this article you have understood how to make money on Luno daily through investment, trading and others.