Ethereum now available on Luno
We are happy to announce that Ethereum is now available to verified Luno customers, worldwide. From today, you can easily buy, sell, send, receive and securely store Ethereum (ETH) with Luno.
How to get started with Ethereum
You will need a verified account with Luno to add an Ethereum wallet to your Luno account (learn more about account verification):
- Sign in to Luno (Android | iOS | web)
- Toggle the menu and select Wallets
- Select the add wallet (+) icon
- Select Add ETH wallet
- That’s it! You can now buy and sell Ethereum!
Note that you’ll be able to send, receive, buy, sell and store, but not trade ETH on the Luno Exchange (yet). We’ll send an update once it is available.
As we wrote before, we believe that decentralised digital currencies will form the basis of the future of finance. Our mission at Luno is to bring digital currencies to everyone, everywhere. It is our view that we will end up with a multi-digital currency world and Ethereum is a step in that direction.
If you want to learn more about Ethereum, see our Learning Portal or find some frequently asked questions, below.
Frequently asked questions
Q: Why did you add support for Ethereum?
A: As outlined in our previous article, we believe that the future of money will involve multiple digital currencies. Whereas Bitcoin is still the first and largest decentralised digital currency used as a store of value and a means of payment, Ethereum is the largest decentralised application network. There have been positive developments in the space and a big demand from our customers to add Ethereum support.
Q: What is the difference between Ethereum and Bitcoin?
A: We wrote a detailed article about that and more on our Learning Portal.
Q: Does this mean Luno will add more digital currencies in future?
A: Perhaps. We already support Bitcoin and Ethereum, we added limited support —withdrawals and selling— for Bitcoin Cash and we were ready to support the now-suspended SegWit2X fork. If you want to buy other digital currencies, you can buy Bitcoin (or Ethereum) on Luno and send it to a platform that supports that currency.
Q: Wasn’t Ethereum recently hacked?
A: No. There was a bug in a wallet called “Parity” that lost funds. Neither Ethereum nor Luno was hacked.
Q: What is the price of Ethereum?
A: See our Price page for the latest Bitcoin (BTC) and Ethereum (ETH) prices.