In sports, progress takes practice. It takes commitment. It takes investment in your fitness. And it’s the same with crypto. That’s why we’ve teamed up with Olympic diver, Pandelela Rinong and professional footballer Zaquan for our “Move with Luno” campaign. Success in sports and investing always starts with the first move. So, whether you’re ready to invest, or just want to learn the moves, we’re here to help you take that first step. We’ll have plenty of events and activities happening across Malaysia for Move with Luno. To keep up to date on how you can get involved, follow us on Facebook and Instagram.
Knowledge is power. So, it’s important to do your own research before you start investing in crypto. And we’re here to help you with that. Take a look at some of the common questions people have when they first start thinking about crypto. So discover your moves and feel confident in your long-term investment plans with Luno.
What is cryptocurrency?
Cryptocurrency is a digital asset for the digital age. They are often described as decentralized, which means they operate separately to a central authority, such as a bank or financial institute.
Instead, cryptocurrency operates through peer-to-peer networks, where each transaction is recorded on a public ledger which exists on the blockchain. This means that every transaction can be independently verified to keep the network safe and secure.
Just like a lot of things, you don’t need to know everything to get involved in crypto. But you should certainly do your research before you invest. You can find out more about what cryptocurrency is and how it works with Luno.
Bitcoin is one of the most popular forms of cryptocurrency. It was originally created back in 2009 as a digital version of money.
Fast-forward to today and it’s used by hundreds of millions of people across the world. In fact many people view Bitcoin as more than just a digital currency. Lots of people now view Bitcoin as a store of value, in a similar way to gold. Because there is a limited supply of Bitcoin, its scarcity means that it can hold its value better than other forms of currency.
There’s much more to Bitcoin than just this. You can find out more about Bitcoin and how it works with Luno.
As with any new technology, there’s a lot of misconceptions about Bitcoin. And it’s not always easy to work out what the truth is. You’ll find plenty of people who dismiss Bitcoin as a fad, and others who believe it’s the future of everything. Before you invest, you need to know how to tell the truth from fiction.
That’s why we’re here; to help you navigate the world of Bitcoin, filtering out the myths, the hype, and the nonsense.