Luno Partners Again With Shopee To Offer Cryptocurrency Deals From As Low As RM0.50

From today until 31 January 2021, Luno will be partnering once again with Shopee to provide its customers with some special deals. During this year-end promotion by the cryptocurrency exchange, you’ll be able to purchase vouchers from as low as RM0.50, and redeem them via the Luno mobile app or website to get Bitcoin, Ethereum, Ripple, or Litecoin. This is in addition to a chance to win Bitcoins worth up to RM500 per person.

At present, there are four Bitcoin vouchers that are on sale on Luno’s Shopee page, with some catering exclusively to new customers. If you are a new Luno customer, you will be entitled to vouchers that gives you free Bitcoins valued at RM15, RM25, and RM100 when you buy a minimum amount of the cryptocurrency. (note: the links are only accessible on mobile browsers as these are digital vouchers on Shopee)

These vouchers are priced between RM0.50 to RM10 (giving you a discount of up to 97%!), and you will need to take the following steps to redeem them as a new Luno customer:

  • Download, register, and verify your identity on the Luno app or website.
  • Once verified, go to “Rewards”, and choose “Enter Code” to key in your unique Shopee promo code
  • Next, go to “Wallets” on your home screen, tap on “Deposit”, and transfer a deposit amount into your Luno account. Be sure to transfer enough that you can purchase the minimum Bitcoins specified in your voucher.
  • Tap on “Buy” on your home screen, and purchase the minimum amount required.
  • Receive your extra Bitcoin in addition to the amount purchased!

Meanwhile, existing customers can tap into vouchers that let you buy Bitcoins at a discounted price. Available on Luno’s Shopee page at the moment are vouchers that let you get RM50 worth of Bitcoins at the price of RM45. (note: the link is only accessible on mobile browsers as these are digital vouchers on Shopee)

Aside from these deals, Luno said that customers who purchase the vouchers and redeem them within the promotion period will also stand a chance to win up to RM500 worth of Bitcoins per person.

According to the country manager of Luno Malaysia, Aaron Tang, this latest partnership is the third time Luno has collaborated with Shopee. “This year alone, we’ve seen a huge rise in cryptocurrency investors in Malaysia. In terms of our user base, we have more than 180,000 users who trade and invest in our platform. Being a regulated exchange allows us to explore new ways of expanding access to cryptocurrencies for users in Malaysia. An innovative approach is to leverage the breadth and depth of the leading e-commerce player like Shopee,” he said.

(Image: The Star)

Luno – which is the first Securities Commission (SC)-approved digital asset exchange in Malaysia – has been operating in Malaysia since 2015. However, it went on a temporary break in early 2019 until it obtained its licence from the SC in October 2019. Following its subsequent relaunch, Luno reported that it has processed over RM827 million worth of transactions within Malaysia.

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