Your private keys are stored by a third party and they have easy access to them.
- 2 Factor Authentication
- Not an open-source
- Not a Hierarchical Deterministic wallet
- Don't require Multi-Signature
The Luno wallet allows you to purchase Bitcoin and Ethereum effortlessly. The wallet requires two-factor authentication, which makes your operations safer.
Depending on the currency, you can buy and sell Bitcoin instantly.
You can access your BTC and ETH anytime or even email them to anyone.
In order to receive Bitcoin to your Luno Wallet, it uses QR codes, email, or your wallet address. You can also send Bitcoin easily by scanning QR codes.
However, the wallet doesn’t offer many other cryptocurrencies.