We’re aware of scams specifically targeting older Luno customers. Investing in cryptocurrency is open to everyone, but it’s important to us that you remain safe while doing so.
At Luno, we take every possible precaution to protect you and your funds, but we can’t always protect you from scams and phishing attempts.
If someone has asked you to open a Luno account so that they can help you earn great returns - or to send them money for no clear reason - be very sceptical, no matter how convincing they may seem. These are common tactics used by scammers to gain access to accounts and your funds.
Keep in mind
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As with all things in life, if something seems too good to be true, it probably is! Scammers promising you high returns on your money, extraordinary services or other fairytale promises should be approached with a lot of caution
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Cryptocurrency transactions are irreversible, which means if you send your money to a scam, you will never get it back
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Never share your account and password details with anyone. Luno will never ever ask you for your password
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Think twice before you send money to someone to invest on your behalf. If something seems too good to be true, it probably is. There’s no such thing as quick money - even in crypto
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Never share your sign in details or your screen with anyone
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If someone tells you that they offer a service that can recover your funds that have been lost to scammers - they cannot! Do not get scammed twice by the same people, who might be using another way to get you to pay more money
Visit our security page to find more articles on how to keep your money safe from scams.