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What is the process for buying and selling cryptocurrencies on Luno?

avatarJodi SudarsoDec 29, 2021 · 3 years ago3 answers

Can you explain the step-by-step process for buying and selling cryptocurrencies on Luno? I'm new to the platform and would like to understand how it works.

What is the process for buying and selling cryptocurrencies on Luno?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Sure! Here's a step-by-step guide to buying and selling cryptocurrencies on Luno: 1. Sign up for an account on Luno's website or mobile app. 2. Complete the verification process by providing the required documents. 3. Deposit funds into your Luno wallet using a supported payment method. 4. Navigate to the 'Buy' section and select the cryptocurrency you want to purchase. 5. Enter the amount you wish to buy and review the transaction details. 6. Confirm the purchase and wait for the transaction to be processed. 7. Once the purchase is complete, the cryptocurrency will be added to your Luno wallet. To sell cryptocurrencies on Luno: 1. Go to the 'Sell' section in your Luno account. 2. Select the cryptocurrency you want to sell. 3. Enter the amount you wish to sell and review the transaction details. 4. Confirm the sale and wait for the transaction to be processed. 5. Once the sale is complete, the funds will be added to your Luno wallet. Please note that the process may vary slightly depending on your location and the specific cryptocurrency you're trading. It's always a good idea to double-check the details before making any transactions.
  • avatarDec 29, 2021 · 3 years ago
    Buying and selling cryptocurrencies on Luno is a breeze! Just follow these simple steps: 1. Create an account on Luno's website or mobile app. 2. Complete the verification process to unlock all features. 3. Deposit funds into your Luno wallet using a supported payment method. 4. Navigate to the 'Buy' section and choose the cryptocurrency you want to buy. 5. Enter the amount you wish to purchase and review the transaction details. 6. Confirm the purchase and wait for the transaction to be processed. 7. Congratulations! You now own the cryptocurrency in your Luno wallet. To sell cryptocurrencies on Luno: 1. Go to the 'Sell' section in your Luno account. 2. Select the cryptocurrency you want to sell. 3. Enter the amount you wish to sell and review the transaction details. 4. Confirm the sale and wait for the transaction to be processed. 5. Voila! The funds will be added to your Luno wallet. Remember to always stay informed about the latest market trends and do your own research before making any investment decisions. Happy trading!
  • avatarDec 29, 2021 · 3 years ago
    Buying and selling cryptocurrencies on Luno is a straightforward process. Here's what you need to do: 1. Sign up for a Luno account by visiting their website or downloading the mobile app. 2. Complete the verification process to unlock all features and increase your account limits. 3. Deposit funds into your Luno wallet using a supported payment method. Luno supports various options such as bank transfers and credit/debit cards. 4. Once your funds are in your Luno wallet, navigate to the 'Buy' section to purchase cryptocurrencies. Choose the cryptocurrency you want to buy and enter the amount you wish to purchase. 5. Review the transaction details and confirm the purchase. Luno will execute the trade at the current market price. 6. Congratulations! You now own the cryptocurrency in your Luno wallet. To sell cryptocurrencies on Luno: 1. Go to the 'Sell' section in your Luno account. 2. Select the cryptocurrency you want to sell and enter the amount you wish to sell. 3. Review the transaction details and confirm the sale. Luno will execute the trade at the current market price. 4. The funds from the sale will be added to your Luno wallet. That's it! You've successfully bought and sold cryptocurrencies on Luno. If you have any further questions, don't hesitate to reach out to Luno's customer support.