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​Ethereum is now available on Luno

Luno Team
2 minute read

We are happy to announce that Ethereum is now available on Luno. You can now buy, sell, send, receive and store the second most popular cryptocurrency. All you need is a verified Luno account.

How to get started with Ethereum on Luno

You will need a verified account with Luno to add an Ethereum wallet to your Luno account (learn more about account verification):

  1. Sign in to Luno (Android | iOS | web)
  2. Toggle the menu and select Wallets
  3. Select the add wallet (+) icon
  4. Select Add ETH wallet
  5. 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 update you when that changes.

We believe that decentralised cryptocurrencies will form the basis of the future of finance. Our mission at Luno is to bring cryptocurrencies to everyone, everywhere. It is our view that we will end up with a multi-cryptocurrency world and Ethereum is a step in that direction.

Why did Luno add support for Ethereum?

We believe that the future of money will involve multiple cryptocurrencies. Whereas Bitcoin is still the first and largest decentralised cryptocurrency 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 demand from our customers to add Ethereum support.

Does this mean Luno will add more cryptocurrencies in the future?

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 cryptocurrencies, you can buy Bitcoin (or Ethereum) on Luno and send it to a platform that supports that currency.

Wasn’t Ethereum recently hacked?

No. There was a bug in a wallet called “Parity” that lost funds. Neither Ethereum nor Luno was hacked.

How do I check the price of Ethereum?

We regularly update our Price page with the latest Bitcoin (BTC) and Ethereum (ETH) prices.

Learn more about Ethereum on our Learning Portal.

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Author

Luno Team

The Luno blog conveys the views of Luno and the people within our team. We will never provide financial or any other form of advice. We urge you to conduct your own research before purchasing or trading any cryptocurrencies. Always be aware of the sometimes volatile nature of the market, and never trade with funds that you cannot afford to lose.

It’s never too late to get started.
Buy, store and learn about Bitcoin and Ethereum now.

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