If you are still searching for the easiest way to buy crypto, you can finally stop. The ultimate solution has been found! Now you can buy Bitcoin, Ethereum and other coins in Lumi Wallet with Apple Pay. We are happy to announce the new iOS release that allows users to buy crypto right within the wallet app in just one click. How to buy Bitcoin with Apple Pay in Lumi Wallet: Click BUY at the bottom of the main screen Enter the amount you want to buy Choose to pay with ‘Apple Pay’ IMPORTANT: Don’t forget to backup your wallet. Video guide “How to buy bitcoin ..read more

Apple fails again to help business. Thousands of Lumi users may lose their money because of the unprofessional Apple Developer Support team. By the end of October, all Lumi Wallet users using iOS devices will be logged out of their wallets because of legal restructuring of the Lumi company. It might lead to thousands of users losing access to their funds forever. Sound ridiculous? Let me explain in detail. In February 2020, our company incorporated a new legal entity in Cyprus due to a strategic decision to be fully incorporated in Europe. Previously we had a legal entity in Hong Ko ..read more

Cryptocurrency adversaries often use exit scam scandals as an example of the industry’s incompetence. What they tend to forget is that the traditional investment field is not immune to all kinds of fraudulent manipulations too. The only difference is that crypto Ponzi schemes are typically too unsophisticated and usually aimed at people with little to no financial literacy. The Biggest Gold Scandal Just when high-profile scandals with hedge funds, like the one with Bernard Madoff, seemed to quiet, another bombshell dropped. Only a few days ago, multiple sources reported that at least 4 ..read more

So far, this hasn’t been the most successful year for the stock market. In March, it lost significant value, the volatility hit an unprecedented mark and staggering sell-offs completed the picture. According to the How to Buy Shares report, for the London Stock Exchange the situation got even worse during the crisis as it continued losing its trading companies. And although the markets already started reclaiming their early losses, it is still too early to talk about a full recovery. Every time a big market crash occurs investors start wondering which asset is the best store of value. Preciou ..read more

Have you ever wondered what Bitcoin transaction fees are all about? Do you know how they are calculated? If you think that it’s not important, you’re missing out. When you understand the insides of a transaction fee, you can save some money on it. Here’s what you should know about it. Dust, Low Fees, and Stuck Transactions Low fees are not the only reason transaction fees get stuck. On rare occasions, you may be sending funds that come from an unconfirmed transaction. Or the outputs of your transaction contain dust. Dust Dust is a very small amount of Bitcoin, from 1 to approxi ..read more

The launch of Ethereum 2.0, also known as Serenity, is near the finish line. After years of waiting, the second-biggest blockchain is about to release its long-awaited upgrade that will change the rules of the game completely. Serenity update is dedicated to making Ethereum’s blockchain more scalable, stable, and beneficial. Not only will lower gas fees contribute to cost-effectiveness, but also ETH holders will be able to stake their coins and get rewards. We’ve collected all the important information that you need to know about Ethereum’s transition and explained how it will affect you ..read more

Alice from Lumi edition Like many others, I started working in crypto in 2017. It was the golden age of ICOs and everybody wanted to get a piece of the pie by creating yet another unique and promising solution or decentralized ecosystem. And judging by the copy on their websites, I suspect that more than half of the participants had no idea what they were doing. One of my tasks as a complete crypto beginner was to research and analyze various ICO projects and I’ve seen some weird stuff. Here’s a good one. How do you feel about “the world’s first rocket and space technology to produce ..read more

Some of my friends have invested in crypto and are waiting patiently for their future fortunes. Others are still not convinced. Yet the skeptics keep asking me about crypto investments and whether they can be profitable. Is it really worth it? Do you have proof? Wouldn’t it be more reasonable if I just open a savings account? So I decided it’s about time we count the expenses and compare these two investment methods. The risks, however, are still on you. Savings Accounts The current state of affairs with savings accounts not only in the US, but also in the rest of the worl ..read more

Stablecoins are like a bridge between two spaces: the space of crypto and fiat currencies. Pegged to a reserve asset, they are supposed to merge the best of both worlds and make the ‘perfect’ money — secure, private, and stable. Keep your stablecoins safe in Lumi WalletWhat Stablecoins Are Bitcoin is volatile. In a matter of hours, it can easily drop or spike by ten percent and nobody, at least those slightly familiar with crypto, will be too surprised. We’ve seen the coin’s price jump to 20k and fall to 6k in less than a year. Although it does make it a great asset for speculations ..read more

Check our code on GitHub After months of hard work, we are thrilled to announce that Lumi Wallet is now officially open-source and you can already revise our code on GitHub. It was a long, challenging journey for all the members of the team — not to mention our developers — and we are positive the best is yet to come. What Open-Source Means for Us The open-source movement and blockchain tech go hand in hand. Open-source means transparency, security, reliability, and collective creating. By opening our code we want to make a meaningful contribution and show our users, fellow deve ..read more