You can now earn interest on Ethereum and USDC
We’re adding not just one but two new cryptocurrencies to Luno Savings, giving you even more ways to earn interest. Introducing the Ethereum and USDC Savings Wallets.
It’s never been easier to save for the future. You can now earn up to 7.6% per annum (pa) interest on your cryptocurrency with no lock-in period. And you can get started right now in seconds. It’s your turn to earn – what are you waiting for?
*Please note that USDC and Ethereum savings wallets are not currently available in the UK and Malaysia.
Why save with Luno?
We’ve made sure our savings product is as straightforward and flexible as possible, so you can be part of the future of finance without having to break a sweat.
Almost a quarter of a million of you have moved your crypto into Luno Savings since we launched it last October with the Bitcoin (BTC) Savings wallet. We’ve already paid out well over $500,000 worth of BTC in interest alone.
With Ethereum and USDC Savings, it’s more of the same – only with cryptocurrencies that offer different and exciting use cases and even higher interest rates. Interest is paid out every month in the cryptocurrency you’re saving in – all you need to do is move it in and you’ll start earning immediately.
- Get more of what you love – interest is paid out monthly and there are no hidden fees. You can either leave your interest to keep accumulating, or take it out – it’s completely up to you.
- Start earning in seconds – simply go to the wallet of the cryptocurrency you want to earn interest on, tap SAVE, and follow the steps. You’ll start earning interest on your crypto straight away.
- Your crypto, your choice – there are no fixed terms, no minimums deposits, and you have 24/7 access, so you’re always in control.
- A safe way to save – Luno is committed to the safety of its customers and has implemented industry-leading security processes to make sure your crypto is secure.
Why USDC and Ethereum?
Introducing USDC and Ethereum to the Luno Savings stable gives you the ability to earn in two additional cryptocurrencies, with different and exciting value propositions.
ETHEREUM SAVINGS: UP TO 2% INTEREST
Ethereum opens up a world of potential applications for cryptocurrency. It uses the same blockchain technology as bitcoin, but it has the ability to execute smart contracts and decentralised applications (DApps). This has made it the home for decentralised finance (DeFi) apps.
USDC SAVINGS: UP TO 7.6% PA
USDC is a stablecoin pegged to the US dollar – essentially a digital dollar that’s been tokenised and put on the blockchain, and has a raft of additional features as a result. USDC gives you access to the world’s reserve currency wherever you are in the world, and with Luno, the opportunity to earn interest on it far superior to any bank account.
Sound good? Follow these easy steps to get started:
- On your Wallets screen in the app, select add a wallet
- Under the SAVINGS heading, choose the savings wallet that you’d like to create
- You’ll be guided through some info about the savings wallet. Select NEXT until you get to the create your savings wallet screen, and then select CREATE WALLET
- If you’re creating a savings wallet for the first time, you’ll see an acceptance of terms screen. Once you’re satisfied with the terms, select I have read and understood the terms and conditions, and then I AGREE.
Got any questions? Check out our Help Centre.