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[Josemendez]

According to Decrypt. Luno , a cryptocurrency wallet and exchange company based in UK has announced that the wallet users can now earn up to 4% on holding their Bitcoin deposit . The beauty of this is that the profit can be paid monthly and that there is no fixed term or time for the holding .
Also , other coins available in luno can also be hold .
This is a good news for those who use luno wallet .

 

[Niftyicon]

Good news indeed! I have been waiting to see what the first project of the new company that acquired Luno recently would be and it is quite a nice development.

 

[Josemendez]

Good news indeed! I have been waiting to see what the first project of the new company that acquired Luno recently would be and it is quite a nice development.

True .I was very happy seeing this news . I think I will use this opportunity to earn some profit for my idle Bitcoin and other listed cryptocurrency

 

[gammarays]

4% a year is good but too small to me considering the fact that your Bitcoin will be locked for a duration of one year. They should increase it to 8-10% to match industry standard.

 

[Niftyicon]

4% a year is good but too small to me considering the fact that your Bitcoin will be locked for a duration of one year. They should increase it to 8-10% to match industry standard.

You are right that the rate is quite low and according to the news, you can pull out coins at anytime without having to wait for a full year. I guess the interest will be calculated daily or monthly.

 

[Wisdom01]

Is it 4% a year or monthly before am happy and is it available in all countries because yeah this would be very good for the investors

 

[ELSA-ELI]

This is good indeed as it is a way of marketing themselves to woo more clients to continue using the company and also to increase the customer base.The hope is that the acceptance of many African countries to transact in crypto should remain with easy hopefully.

 

[Niftyicon]

Is it 4% a year or monthly before am happy and is it available in all countries because yeah this would be very good for the investors

It is yearly according to the news update and the funds to be kept in this savings could be withdrawn at anytime the holder wants it.

 

[Wisdom01]

It is yearly according to the news update and the funds to be kept in this savings could be withdrawn at anytime the holder wants it.

Okay now I understand I would have love it to be monthly so we can make more profit because that yearly is too small , I will make use of binance

 

[Niftyicon]

Okay now I understand I would have love it to be monthly so we can make more profit because that yearly is too small , I will make use of binance

Indeed! The rates are just too low annually but since they are just starting out, maybe there could be possible readjustments later on.

 

[Wisdom01]

Indeed! The rates are just too low annually but since they are just starting out, maybe there could be possible readjustments later on.

Adjustment would have been better from the onset because people are getting to know about but if there is now later adjustment people might not know about it

 

[SCAMEXPOSER]

You are right that the rate is quite low and according to the news, you can pull out coins at anytime without having to wait for a full year. I guess the interest will be calculated daily or monthly

Mathematically, investors in this scheme will earn 0.3% of their investment monthly and they can pull out anytime. It is is kind of low in my opinion too.

 

[Wisdom01]

Yeah it's too low plus the fluctuations of crypto might affect the interest rate either positively or negatively my opinion tho

 

[Brain]

Good news indeed! I have been waiting to see what the first project of the new company that acquired Luno recently would be and it is quite a nice development.

Definitely a good move in the right direction. This will help people make a little profit from their deposits which isn't a bad idea at all

 

[Wisdom01]

Definitely a good move in the right direction. This will help people make a little profit from their deposits which isn't a bad idea at all

Am not sure if many people would love to invest in it because of the little profit to be gained because they might consider it low

 

[Brain]

Am not sure if many people would love to invest in it because of the little profit to be gained because they might consider it low

Okay at least it is a good gesture from them to their users. It might not be much but it still better than nothing at least for those that appreciate littie gestures

 

[KarthikP]

I am new to luno wallet , heard a lot about this wallet but didn't use it so far. Is it 4% annual interest rate? Good thing is it's like flexible savings , can be withdrawn every month.