How do I actually buy Bitcoin? You can buy Bitcoin through our app as well as our Exchange. After you've signed up with Luno, you can deposit money to your account.
Nonetheless, is Luno Bitcoin wallet safe?
Luno will keep your Bitcoin safe. But only you can keep your passwords safe. 'Phishing' is an attack whereby criminals use legitimate-looking fake websites to trick you into entering your password / details. They then use your password to access your account.
Finally, how many Bitcoins will 50000 Naira? 50,000 naira to bitcoin according to the foreign exchange rate for today. You have just converted fifty thousand naira to bitcoin according to the recent foreign exchange rate 0.00000015. For fifty thousand naira you get today 0 bitcoins 00 BTC.
Still and all, can I lose money on Luno?
Luno will not be liable to you for any losses resulting from these kinds of accidental or fraudulent transactions. The volatility and unpredictability of the price of cryptocurrency relative to local currency may result in significant loss over a short period of time.
Can Luno make you rich?
Team Luno. Money makes the world go 'round. ... This perception that you can 'make money' from Luno comes from the fact that the cryptocurrencies we offer on our platform (ETH and BTC) are driven by market forces, so depending on when you buy and sell you can potentially make a profit (or a loss).