What is a “high-risk” address and why can’t I send funds to one?

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While Luno makes it easy to buy, store and send cryptocurrencies, it also makes it safe. This is why we use software from an industry-leading blockchain monitoring service provider to detect crypto wallet addresses that are or have been associated with illicit activity. These addresses are classified as “high-risk.

Here are some examples of risky categories:

  • Terrorist financing

  • Sanctions

  • Child abuse material

  • Ransomware, etc.

The list above isn't a comprehensive one. There may be other reasons Luno might flag an address as “high-risk.”

In line with our commitment to making our platform as safe as possible for our customers, we don’t process transactions from a Luno wallet to a wallet address classified as “high-risk.”

If you receive a notification that the address you are trying to send cryptocurrency to is a “high-risk” address, it will not be possible to send funds from Luno to this address.

Note

We also strongly suggest that you make sure you know exactly who you’re dealing with and reconsider sending funds to this address.

Tip

If you need help identifying possible scams, read our article to learn how to avoid scams and spot "high-risk" addresses.

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