SA Shares partners with Luno to give crypto access to thousands of its members

Bitcoin exchanges work in much the same way as traditional stock exchanges so it makes sense that SA Shares has incorporated Luno’s services in its comprehensive portfolio.

Established in 2013, the UK-based cryptocurrency exchange has found its niche in emerging markets such as South Africa and Nigeria, as well as Malaysia, Singapore and Indonesia. Currently, Luno serves over 3 million customers and is available in more than 40 countries worldwide. To date, the company has processed over US$8 billion in bitcoin and ethereum transactions and has established itself as a safe and trustworthy exchange.

Basically, Luno helps you buy cryptocurrency such as bitcoin (BTC) and ethereum (ETH) through an account that is controlled through a simple dashboard that gives you instant access to different aspects of the buying and selling process. It’s a relatively simple exchange geared for developing markets which aims to reduce the complexity of other trading platforms.

The exchange offers several services to its customers including a custodial bitcoin wallet, a cryptocurrency trading platform and a brokerage service. The fiat-trading platform itself provides you with features such as API access for automated trading, various indicators, advanced charting and in-depth reporting.

Luno’s average daily trading volume is over R80 million worth of Bitcoin. The exchange accepts different payment methods and unlike many exchanges, accepts credit and debit card deposits free of charge. Buying bitcoin and ethereum through Luno is simple. You simply sign up for a mobile app which allows you to obtain a custodial bitcoin wallet which allows you to buy and sell the currency using a traditional payment method such as a credit, debit card or a bank transfer.

Open a FREE BITCOIN WALLET on Luno

Since bitcoin was launched in 2008, the cryptocurrency craze has gained dramatic momentum worldwide. Those who thought of it as a novelty would be surprised to know that ten years later, the total value of all Bitcoin hit the US$1.2 trillion mark in January 2018. Africa has not been immune to the bug which bit hard more recently. South Africa itself is at the forefront of the cryptocurrency movement in Africa, being the second-largest economy on the continent and likely the most tech-savvy.

Cryptocurrency has become an attractive investment opportunity for those looking at diversifying their risk portfolio in the African emerging markets, particularly as countries such as Zimbabwe, Uganda, Egypt and Nigeria have reached double-digit inflation levels. Coupled with the growth of mobile users on the continent (estimated to reach some 725 million users by 2020); the market’s ripe for the services of a trustworthy exchange such as Luno as more and more people in Africa have access to the cryptocurrency environment.

SA Shares is excited about the prospect of introducing its users to the bitcoin exchange that offers a comprehensive range of services for those new to cryptocurrency trading, particularly users in the emerging markets who don’t necessarily want to engage on an open-market platform offered by other exchange platforms.

Bitcoin experienced a meteoric rise and then a spectacular fall in value but recent activity in the cybercurrency space indicates the crypto market has matured with more oversight and regulatory controls in place. It appears to be the opportune time to enter the cryptocurrency market and SA Shares has chosen the perfect partner to navigate the cryptocurrency ecosystem that is both complex and fascinating.