Proof of Reserves

Full verification of customers' cryptocurrency

Luno has always gone the extra mile to keep customers safe, with industry-leading processes protecting all our customers’ assets.

You don’t need to just take our word for it though.

Luno is proud to be blazing a trail for safe cryptocurrency investment by having all the assets we store regularly verified by independent auditors Mazars, so you can be confident all the assets you hold with Luno are exactly where they should be.


So, what is it?

Mazars is a leading international audit, tax and advisory firm. They run a series of procedures every quarter to make sure that the Bitcoin, Ethereum and any other cryptocurrency you see in your Luno Wallet exists and is exactly where we say it is.

Wiehann Olivier, Digital Asset Lead and Partner at Mazars, explains: This report provides current and prospective customers with reassurance that their digital assets actually exist and that the funds are either situated on-chain or within a custody solution.

In the words of Wiehann Olivier, Digital Asset Lead and Partner at South Africa, this report will, ...provide current and prospective customers with reassurance that their digital assets actually exist and that the funds are either situated on-chain or within a custody solution.


Why does this matter?

Proof of reserves reports bring a level of trust to an industry that some people believe lacks transparency. It plays a valuable role in creating a safer investment environment for all cryptocurrency customers and is an important step in achieving our mission of putting the power of crypto in everyone’s hands.

Marius Reitz, GM of Luno said: We take a stand against crypto crime and proof of reserves helps to protect all stakeholders. Luno’s ten million customers in more than 40 countries can rest assured that their wallets do in fact contain the crypto stated. We have always said that Luno is a safe platform to secure and store crypto and this is external validation that this is in fact the case.


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