Digital assets such as Bitcoin, Ethereum and several others have been around for more than a decade and they are certainly looking like the future as analysts are estimating that the global cryptocurrency market will more than triple by 2030. The rise and potential of the cryptocurrency industry has led to the establishment of several cryptocurrency exchanges such as Luno amongst others, and Luno is one of the top cryptocurrency exchanges in the world at the moment. Also take a look at our Luno App Download guide.
What is Luno
Luno is an extremely popular cryptocurrency exchange and payment service company which has been in existence since the year 2013. Luno offers its services in a number of countries around the world such as South Africa, Indonesia, Malaysia and Nigeria amongst others, one of the main reasons why Luno is popular is that it has managed to withstand the test of time and people now trust them as they have a proven track record. According to the information on their website, the reason behind the creation of Luno was to empower billions of people across the world by upgrading them to a more open, efficient, and inclusive financial system. Luno offers quite a number of cryptocurrencies such as Bitcoin and Ethereum. Luno makes it super easy for you to send, receive and spend your crypto and fiat, since this is a relatively new technology, the company has the Luno Learning Portal and blog and this serves the purpose of providing education for beginner bitcoin trader. It is also very easy to convert your crypto into your local currency at any time and spend it. Luno has a referal program for its clients whose main purpose is to further grow their client list.
How does the Luno Referral Program work
In its simplest definition, a referral program is simply a process in which you prime and reward customers for spreading the word about your product or service. With the Luno referral program, you get to be rewarded with Bitcoin from Luno if you manage to refer your friends and loved ones to start trading with Luno. The good thing about this program is that both you and your friend will get R25.00 in Bitcoin. Below is the Luno referral process showing you what you need to do to benefit from this referral program.
Step 1. Getting a Luno Referral Code
It is important to note that in order for you to participate in the rewards program, you must have a referral code and the good thing is that every Luno account has a unique referral code. In order for you to get your referral code, you must:
Visit the Luno website and login
Click on ‘wallet’ on the main menu
You will be redirected to another page, click on ‘rewards’
On the ‘rewards’ page, you must click on the ‘Refer Friends’ link and you will find your referal code there.
Step 2. Sharing your referral code
Log into your account using your Luno account credentials
Once you’re logged into your Luno account, select Rewards from the menu
You then need to share your unique referral code or link on social media, messaging platforms, email, etc.
You must encourage your friends and family to sign up to Luno using your unique code
When a friend or family member buys crypto, you’ll both be rewarded in Bitcoin
Step 3. What do you do if you have received a referral code
Once you have received a referral code from your ‘friend’, you must do the following;
Sign up for a Luno account using the unique link sent to you
After Signing Up, you must then visit the ‘Rewards’ page, and select the option to ‘Enter Code’, and enter the referral code
You then need to buy the specified amount of crypto
Your pending reward will appear on the next screen
Please note that you will receive a notification that your Bitcoin reward is available, and this should be after 30 days.
Collect your reward and start investing in crypto
Please note that rewards are stored for 30 days to ensure your safety and quality of experience, after 30 days, Luno will automatically add your rewards to your BTC wallet.