Luno makes it simple and secure to purchase cryptocurrencies (or crypto, for short). Learn how to accomplish it below.
Step 1: Confirm your identity.
We need to know a little bit more about you before you can make any transactions. If you haven’t previously supplied your information and documents to verify your identity, go to Profile > Settings > Verification.
Step 2: Put down a deposit
After you’ve been authenticated, you’ll need to fill your account with real money in order to buy cryptocurrency. To accomplish this:
Choose Wallets from the drop-down option.
Launch your local currency wallet.
To begin, click DEPOSIT.
Then, to finalise your deposit, just follow the on-screen steps.
Step 3: It’s time to shop!
Now that your Luno account has been financed, you can purchase cryptocurrency by following these steps:
Choose Wallets from the drop-down option.
Choose the wallet for the cryptocurrency you wish to purchase (or create a new wallet if you don’t see the one you want).
Select BUY towards the top of the screen in your crypto wallet.
Choose whether you want to make a one-time purchase or set up a recurring transaction.
If you chose Once-off:
Choose the currency in which you wish to pay.
Enter the quantity you wish to purchase.
Choose NEXT.
After reviewing your transaction information, including the service charge cost, click CONFIRM.
If you chose Repeat purchase, you’ll get a screen that quickly explains what it means. Choose NEXT.
Enter the amount to be purchased in local currency.
Select a frequency and a repeat date.
Choose NEXT.
Then, if you’re satisfied with the transaction information, click CONFIRM.
Is there a cost?
When you acquire cryptocurrency, you will be charged a service fee. This is a variable cost that changes based on how much you buy and the current market circumstances. Before you confirm any purchase, we will display you the precise service price.
