At present Luno supports these cryptocurrencies:
Bitcoin Cash (BCH) on the Luno Exchange (not available for instant buy & sell, read more)
These may change from time to time, but they are currently the only cryptocurrencies that you may send to your Luno wallet.
What happens if I send an unsupported cryptocurrency to Luno?
If you send unsupported cryptocurrency to Luno, or if someone else sends unsupported cryptocurrency to your Luno wallet, we cannot access those funds and return them to you. Unfortunately, they will be lost.
There are two key factors that are responsible for this:
(i) the fact that cryptocurrency transactions are, by their nature, irreversible, and (ii) the way we store and ensure the security of Luno’s existing supported cryptocurrencies.
To retrieve unsupported cryptocurrencies, we would need to add support for that currency to Luno’s infrastructure. In addition to the prohibitive cost of doing so, this also poses a massive security risk for Luno (and its customers).
Security is of the utmost importance to us at Luno. Supported cryptocurrencies are stored in a highly secure vault and specific operational processes are in place to keep them secure. Any changes to our cryptocurrency storage system (to, for example, add support for a new cryptocurrency) are required to be carefully vetted due to the enormous risk posed to the funds already stored in the system.
Warning: Please make sure you send the right currency to the right receive address because different cryptocurrencies are incompatible with other receive addresses. For instance, if you send Ethereum Classic (ETC) to your Ethereum (ETH) receive address, the funds will be lost. Funds will also be lost if you send Bitcoin Cash (BCH) to a Bitcoin (BTC) receive address.
Our priority is to keep our customers' money safe, which is why we do not support a large number of cryptocurrency forks that occur. At Luno we share a vision (and responsibility) to make it safe and easy to buy, sell and learn about cryptocurrency. Many fork proposals don't add significant value and just add complexity and confusion to the market. Read more about our stance on cryptocurrency forks on our blog here.