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 which are or have been associated with illicit activity. These addresses are classified as “high risk”.
In line with our commitment to make our platform as safe as possible for our customers, we don’t process transactions from a Luno wallet to a wallet address that is 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.
We also strongly suggest that you make sure you know exactly who you're dealing with and reconsider sending funds to this address at all.
If you need help with identifying possible scams, you can read more about the warning signs here.