What is luno.com? How reliable is it? Is it one that you can look forward to using or not? This is exactly what we shall be trying to unearth in today’s review. Here are some of the main elements of Luno that will form the fodder for our discussion:

• What is Luno.com?
• Which services are offered by Luno?
• What can you expect from the trading platform offered by Luno?
• What is the Luno instant buy/ sell service – The brokerage service?
• What can you expect from the Luno Mobile Wallet?
• What is Luno for business?
• Which are the currencies and payment methods that are supported on Luno?
• Are there any definite fees that you should expect to be charged when using this platform?
• Is Luno a genuine platform or is it a Scam?
• Pros and cons

Name of the platform: Luno

Official Website URL: https://www.luno.com/en/

Overall rating: (2.8 / 5)

Recommended: Not highly recommended

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What is Luno.com?

Luno is a crypto exchange that is mainly aimed at enabling those living in developing countries to exchange their coins. Nations such as Indonesia, Malaysia, and Zambia are some good examples of such countries.

Luno was launched in 2013 as BitX, but was then rebranded to Luno after 3 years (2016). The company has succeeded in building 3 global offices to support its regional operations in the emerging markets. The offices are located in:

• London
• Cape Town
• Singapore

The company currently serves more than 3 million users who are all distributed across 40 nations. Their needs and issues are attended to by more than 100 employees. The company’s main operations are run from the UK, from where more than $13million has been raised from major investors, including Ventura Capital.

Which services are offered by Luno?

Luno offers a variety of services to its users, including:

• Cryptocurrency trading
• Brokerage services
• Bitcoin wallet
• API – mainly for the developers

You can access most of the accounts’ features through the simple dashboard that lets you gain access to the instant buy/sell services or even the account reports.

What can you expect from the trading platform offered by Luno?

Luno has its own Bitcoin to fiat trading platform that customers can use. It offers them the main and necessary trading features such as:

• Charting
• API access – allows/ supports automated trading
• Several indicators
• Depth reporting

In my estimation, Luno’s trading volume is still very small, in comparison to other well-developed platforms. This could mainly be as a result of the fact that the other platforms focus on the already developed markets which have more well-educated and knowledgeable customers.

What is the Luno instant buy/ sell service – The brokerage service?

As is the case with many other crypto exchanges in the world, Luno offers its customers a simple way to purchase or even sell BTC and ETH without having to rely on the complicated trading platform.

Luno offers a simplified buying process by selling customers the coins directly, then charging premium fees for access to the cryptos. It is hard to determine how much money they charge for the use of this type of transaction.

On the overall, the fees usually vary from one country to the next, and from one customer to the next one (based on the purchase amount), hence every transaction is bound to end up having different fees.

What can you expect from the Luno Mobile Wallet?

This platform also has its custodial Bitcoin wallet that the Ios and Android Users can pair up with their Luno accounts. The apps are meant to give customers greater flexibility to access their Luno accounts. You, however, do not control the Bitcoins using the mobile wallet, since they are all under Luno’s control. Users do not have access to the private keys.  Quite a limited app in my opinion!

What is Luno for business?

This is a service that lets users to securely transact, trade, and store cryptos for their firms. It is aimed at making work easier for the trading companies, large scale miners, as well as startups which want to support the sending and receiving of cryptos with ease.

Which are the currencies and payment methods that are supported on Luno?

Luno supports the purchase and sale of cryptos which include the following:

• Bitcoin
• Ethereum
• Ripple
• Bitcoin Cash
• Litecoin

Luno also accepts the fiat currencies listed below:

• British pound – GBP
• Ugandan Shilling – UGX
• Euro- EUR
• Indonesian Rupiah – IDR
• Malaysian Ringgit – MYR
• Polish Zloty – PLN
• Zambian Kwacha – ZMW
• Nigerian Naira – NGN
• South African Rand – ZAR

If you are out to purchase cryptos on this platform, you can do so by paying for them using the following payment channels: Flutterwave (NGN), iDeal (EUR), Sofort ( EUR), EFT (ZAR), Cash deposit penalty ( ZAR), Debit/ Credit Card ( EUR), SEPA ( EUR), Paystack ( NGN), Card deposit ( NGN), Interbank Giro ( MYR), Bank Transfer ( IDR & NGN).

The one to note at this point is that the different payment channels have different fees for this kind of transaction, thus you should be sure to look at how much fees the channel of your choice charges before going ahead to make the deposit.

The most interesting thing though is that when you use your credit/ debit card to deposit Euros, you will not be charged any fees. The other platform will charge something close to 5%.

Are there any definite fees that you should expect to be charged when using this platform?

The main fees that you can expect to be charged when using Luno include:

• Deposit fees
• Transaction fees
• Withdrawal fees
• Sending & receiving fees to other crypto addresses.

The transaction fees are mainly those based on the taker maker fee schedule. Fortunately enough, makers do not incur any costs, but the takers can end up parting with 0.25% to 1%, depending on the currency that one is trading.

Different fees are charged for the “instant buy/sell” feature, depending on the amount one is purchasing or selling, and the country one is located in.

Is Luno a genuine platform or is it a Scam?

In my own opinion, Luno is a genuine platform. Those living in the following European Nations can access them:

Austria, Isle of Man, Italy, Jersey, Portugal, Romania, San Marino, Czechia, Denmark, Estonia, France, Greece, Guernsey, Hungary, Iceland, Ireland, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom Belgium, Bulgaria, Croatia, Cyprus.

Those living in Indonesia, Zambia, Malaysia, Nigeria, and South Africa, can also access this platform.

What do the customers in these nations think about Luno? So far, the reviews presented on a platform such as Trustpilot, mostly point to the services being quite poor. Most of the customers have raised concerns about being locked out of their accounts or even not receiving their funds in a good time. Luno’s support staff, however, seem to be keen to respond to some of the critical customer reviews.

On the overall, I would not be very excited about recommending Luno to anyone, since anyone can run into the same problems that other customers have raised.

You can, however, give this platform a try and see if it works for you. I’ve used it personally, and I know that it is efficient (in my own opinion).

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Pros and cons

Pros

• The interface is easy to use
• It is supported in developing nations
• Recognized in many nations

Cons

• Has a custodial wallet
• Confusing fees structure

Final words and Verdict

Verdict: Legit ( Not highly Recommended)

Overall Rating : (2.8 / 5)

Luno is a legit platform that is out to many help those in developing nations to exchange cryptos easily. The platform’s features are out to make the exchange process very simple and manageable. Were it not for the fact that it has poor consumer ratings, i’d have recommended it right away.

 For now, you can have a look at my number one recommended alternative to Luno

The Full Review of an Even More Reliable Platform

That’s all for my review about what luno.com is about. I hope you gained enough knowledge to determine whether it is one that is good enough for you or not. If you are not satisfied with it then you can look at what my recommended alternative has to offer. If you also have any questions to ask, then you can drop them in the comments section- I will respond as soon as I can.

Your Friend,

Eric, Investor and blogger at $tart Make $top Waste!

Is Bitmain legit? Is it one that you can benefit from in the present-day world? Welcome to my review today, where we shall be answering these and more questions. The main objective is to help you know what Bitmain is here to achieve, whether it is genuine, or whether it is one that you can actually rely on or even recommend to your colleagues. The review will take the following structure:

• Is Bitmain Legit? (What is Bitmain?)
• What can the AI chips do for you?
• Services and products offered by Bitmain
• Which are the payment options that Bitmain supports?
• Is Bitmain Legit or Is It a Scam?
• Pros and Cons

Name of the company: Bitmain

Official Website URL: https://www.bitmain.com/

Overall Rating: (3 / 5)

Recommended: Yes ( For the products only- their customer support may not be quite helpful at times)

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Is Bitmain Legit? (What is Bitmain?)

Bitmain exists as a multinational corporation that deals with semiconductors. The company, which is officially known as Bitmain Technology Holding Company, prides itself in the capability to design ICs. As of now, the company’s product offerings include:

• Chips
• Servers
• Cloud solutions for blockchain
• Artificial intelligence apps.

The company was founded back in 2013 and has its headquarters in Beijing. Its research and development centers are located in the USA, Singapore, as well as Hong Kong. Bitmain is rated amongst the world’s top fabless IC designers. It is also ranked second in China in the same category.

Bitmain’s focus on the manufacture of computing chips mainly arises from the objective to realize a better digital world. This is why it has invested heavily in the design of various chip processes, such as the 5-nanometer process. This company has managed to ship billions of ASICs to blockchain miners, accounting for close to ¾ of the global market.

Bitmain also takes pride in being one of the few companies in the entire world that can manufacture cloud-based AI chips. This has enabled its owners to facilitate the release of 4 generations of AI chips, making it one of the high-flying tech companies in the entire world.

What can the AI chips do for you?

Bitmain’s AI sensors have advanced tensor acceleration that is meant to help them achieve deep learning. In the present-day world, these chips can be utilized in several areas in our day-to-day life, including:

• Facial recognition
• Automatic driving
• Smart cities
• Smart governance
• Smarter security
• Medical services

Services and products offered by Bitmain

We’ve already highlighted some of the main products and services that you can expect from this company. Just to be specific, however, let us look at the very core offerings that make Bitmain a reputable company.

1. Antminer

Antminer is perceived as one of the top ASIC mining brands in the entire world. It offers very high-quality products that are aimed at making crypto mining a possibility. Antminer’s products’ selling points are their superiority and their performance.

So far, several billions of Antminers products have been shipped out to the global market, where this brand is well-recognized and highly appreciated for enabling the growth of the blockchain industry.

2. Antpool

This is one of the most advanced Bitcoin mining pools in the entire world. It offers technologies like AntPool Labs and Smart  Pool , along with several other pool tools and features that play a huge role in making the mining experience as smooth and profitable as possible.

AntPool supports the mining of the following cryptos:

• BTC
• BCH
• LTC
• ETH
• ETC
• Zcash
• Dash
• Siacoin

Individuals and firms seeking to go all out on mining are usually promised the following services by AntPool:

• Convenient management
• Transparency – in the earning process
• Prompt notices
• Stable and reliable services at all times
• Earnings calculator
• Management software

3. BTC.com

This a blockchain explorer that was launched back in 2015 to offer users the opportunity to view crucial information on the blockchain networks. BTC.com is also a high-ranking mining pool, that supports cryptos such as BTC, BCH, ETH, LTC, and many more.

4. Artificial Intelligence

The company under Bitmain that is in charge of developing AI  cloud computing chips is known as Sophon. Sophon has remained an industry leader in the development of Artificial intelligence chips, that have found their uses in various industries that build products and services that support our day to day lives.

Which are the payment options that Bitmain supports?

Bitmain has its defined e-commerce platform, through which you can purchase or pay for the products and services that are being offered. All that you need to do is to create your account, then start exploring the site- the purchase process is simple and straightforward.

During the ordering process, you may pay for the products with:

• Bitcoin
• Bitcoin Cash
• Litecoin
• USD Wire- This option is only available for the product purchases worth more than USD 600.

Not all payment methods work for all the products listed. You need to confirm the payment methods that are available for the product that you want to purchase by visiting the product page, then reading the details in the payment section.

Is Bitmain Legit or Is It a Scam?

With all the details that are available about Bitmain on the internet, it is only fair to say that it is legit. Some of its products, including AntMiner and AntPool are well-known on a global scope. Most crypto miners have used or are still using products produced or offered by Bitmain to go about the mining process. The quality and performance of the ASICs are quite impressive, as far as I can tell.

In my own estimation, Bitmain is a genuine company that is doing an impressive job at delivering products and services that accelerate the rate adoption of blockchain technology and cryptos with it. The nature of the customer services is the only area of concern, with Bitmain having an average consumer satisfaction rating of (2.3/5) stars on Trustpilot . Customers have complained about the support staff not being very friendly, which I think is something that most people would be wary of.

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Pros and cons

Pros

• Quality products and services
• Trustworthy

Cons

• Poor customer services

Final Words and Verdict

Verdict : Legit

Overall Rating: (3 / 5)

Bitmain is a legit company that most crypto miners already recognize. Its products are quite excellent and reliable. A lot of effort has been channeled into the development of the latest cloud AI chips which are quite useful in the many other industries. I think you can get very great products from this company, but I am not very sure about the nature of the customer service. There are reviews that point to it not being quite reliable, and is something that can happen to anyone.

P.S: Can’t purchase the ASICs and start mining? Sign up on the platform recommended below and start purchasing your cryptos ( with funds in your bank account) instead. 

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That’s all for my review about whether Bitmain is legit. I hope you got the answers you were looking for and that you will now know whether or not to rely on it. If you are not in need of what it is offering at the moment, then you can stop by my full review of my number one recommended crypto exchange.

Your Friend,

Eric, Investor and Blogger at Start Make Stop Waste!

What is bittrex.com? How does it work? Is there any unique reason behind its popularity in the present-day world? Is it one that you can use to benefit yourself by any means? Welcome to my review about Bittrex, in which we shall be generally seeking to answer the questions put across right above. To get an even clear understanding about what Bittrex is out to achieve, here is the outline that the review will take:

• What is Bittrex.com?
• Which services are offered by Bittrex?
• Which are the currencies and payment methods are allowed?
• The trading fees you can expect to be charged
• Which countries are supported on Bittrex
• The security standards on Bittrex
• Is Bittrex Legit or Is it a Scam?
• Pros and cons

Name of the platform: Bittrex

Official Website URL: https://global.bittrex.com/

Overall Rating: (3 / 5)

Recommended: Not Highly Recommended

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What is Bittrex.com?

Bittrex is a USA-based crypto exchange that has been in existence for quite a number of years now. The company that runs Bittrex was founded back in 2013 by the following people:

• Bill Shihara
• Richie Lai
• Rami Kawach

They all previously worked at Microsoft, which is something that most people would perceive as being good enough to convince them that Bill, Richie, and Rami have sufficient experience to create and run a platform such as Bittrex.

One of the major elements of Bittrex that has banked on to thrive in the crypto exchange industry is security. The platform has so far not been hacked, and its owners claim that it offers the best speed and stability that anyone would need to carry out a crypto exchange.

All said, however, is this a platform that you should switch to or keep off? Let us dig deeper to find out about that and more.

Which services are offered by Bittrex?

Bittrex has one main service, which interested customers can rely on, and that’s a trading platform. This platform has several cryptos, which customers can exchange at any time. The same platform can be used to execute standard spot trading orders.

The trading engine upon which the platform rests has been created in such a manner that it seamlessly glues together the following automated features:

• Stop loss
• Good ’til canceled (GTC)
• Instant buy or sell

These are all presented along with a collection of the charting tools that are needed by every trader. As already highlighted, this platform is one that has been perceived as a very speedy one, in that it does not lag when in use.

Bittrex does not support margin trading. This is a feature that some of the expert crypto traders cannot do without. It’s a high-risk high-reward approach that has made many traders millions of dollars in profits.

Which are the currencies and payment methods are allowed?

All the people living outside the USA, or in the States listed below can deposit, trade, and withdraw their money in US dollar. The States are:

Alabama , Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana , Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Missouri, Mississippi, Michigan, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Texas, Utah, Washington State, Washington, D.C., Wisconsin, West Virginia.

Note that USD  deposits and withdrawals can only be done through wire transfers. The accounts that are not eligible to trade in USD can utilize stable coins like USDT, which is also known as Tether. This platform has more than 400 altcoins that can be traded against the BTC, ETH, USD, and USDT.

Bittrex is always trying to update its altcoin offerings whenever there are launched into the market. This happens upon the successful vetting of the source codes presented by the creators of the altcoins. Bittrex also takes the time to delist inactive coins, just to maintain a highly profitable trading environment.

Bittrex is also keen to verify that all hardfork and airdrop coins are reliable enough to be trusted and used by its customers, before offering full support.

The trading fees you can expect to be charged

The main fees that you will be charged when using this platform are trading fees. This is simply because the main activity carried out on this platform is trading. The maker and taker fees charged are usually based on an accounts’ 30-day trading volume.

Which countries are supported on Bittrex

This platform is available for trading and crypto exchange for all customers in the world except those living in the following regions:

• North Korea
• Iran
• Crimea
• Syria
• Cuba

Any person who has an economic sanction from the USA federal government cannot also access this platform.

The security standards on Bittrex

Bittrex claims to deliver a very secure platform without compromising on the other aspects that pertain to an efficient and reliable trading engine. The creators of the platform previously worked at Microsoft, and they are well-versed with security standards. Currently, Bittrex sees to it that 80-90% of the customers’ funds are stored in offline wallets that limit the possibility of the loss of funds arising theft by hackers.

In addition to that two-factor authentication is mandatory for all the cash withdrawals, as well as API calls. If one does not activate the 2FA setup, then the amount of money can withdraw from the platform is significantly less. So far, Bittrex has not reported any case of security breaches or the loss of funds arising from the lack of efficient hacker-proof measures.

Is Bittrex Legit or Is it a Scam?

I think Bittrex is not a scam, in my own assessment. The platform was founded in 2013 and has been around since then, serving its customers in the manner perceived best by the support staff. Its founders are people who have been in the tech industry and are well-versed with the inner workings of such a platform.

What do the customers have to say about the efficiency of Bittrex? I went through a good number of customer reviews and was disappointed to learn that Bittrex is not very keen on customer satisfaction.  I noted that on a platform such as TrustPilot, 72% of all the customers think that the services here are bad. Most of the complaints are about customers being locked out of their accounts, which in my own opinion is simply not a good way to treat customers. There should be an orderly and systematic manner to enforce security while ensuring that the customers get what belongs to them.

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Pros and cons

Pros

• Secure platform
• Works in the USA
• Has been around for quite some time (trustworthy)

Cons

• Negative customer reviews

Final Words and Verdict

Verdict: Legit ( Not highly recommended)

Overall Rating: (3 / 5)

Bittrex is a decent platform, in my own assessment, though I’m skeptical about its efficiency, based on the customer reviews and average ratings. I think you can set yourself up for a stress-free life in as far as crypto exchange is concerned about using a more solid platform. Have a look at my number one recommended alternative to Bittrex and see if it will be good enough for your needs.

Full Review of My Recommended Alternative To Bittrex

Thank you for reading through till the end of my review about what Bittrex.com is. Is there anything that you’d want me to clarify? kindly tell me about it in the comments section, and I’ll get back to you right away. That’s all for today!

Your Friend,

Eric. Bitcoin investor and blogger at StartMakeStopWaste.