What are the fees associated with buying and selling cryptocurrencies on Luno?

3 answers

• AnraiFeb 04, 2024 · 2 years ago
  When buying and selling cryptocurrencies on Luno, there are several fees to consider. Firstly, there is a trading fee which is charged based on the total value of your transaction. This fee can range from 0.1% to 1% depending on the volume of your trade. Additionally, there may be a deposit fee when you fund your Luno account with fiat currency. The deposit fee can vary depending on the payment method used. Lastly, there is a withdrawal fee when you transfer your cryptocurrencies from your Luno wallet to an external wallet. The withdrawal fee is determined by the network fee of the specific cryptocurrency you are withdrawing. It's important to note that these fees are subject to change and it's always a good idea to check the Luno website for the most up-to-date fee information.
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• crazy_questionsJul 11, 2021 · 4 years ago
  The fees associated with buying and selling cryptocurrencies on Luno can vary depending on the specific transaction. Generally, Luno charges a trading fee which is a percentage of the total transaction value. This fee is deducted from the amount of cryptocurrency you buy or sell. Additionally, there may be fees for depositing or withdrawing funds from your Luno account. These fees can vary depending on the payment method and the specific cryptocurrency involved. It's recommended to review the fee schedule on the Luno website or contact their customer support for detailed information on the fees associated with your specific transactions.
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• Corneliussen NicolaisenOct 07, 2021 · 4 years ago
  As an expert in the cryptocurrency industry, I can tell you that Luno charges reasonable fees for buying and selling cryptocurrencies. The trading fee is competitive and varies based on the volume of your trade. Luno also provides transparency by clearly displaying the fees on their website. It's important to consider the fees when trading cryptocurrencies, as they can impact your overall profitability. However, Luno's fees are generally in line with industry standards and offer a reliable platform for buying and selling cryptocurrencies.
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