What are the fees associated with using Luno to buy or sell cryptocurrencies?

3 answers

• Feb 17, 2022 · 3 years ago
  Sure! When using Luno to buy or sell cryptocurrencies, there are several fees to consider. Firstly, there is a trading fee that is charged on each transaction. The trading fee is a percentage of the total transaction amount and varies depending on the trading volume. Additionally, there may be deposit and withdrawal fees when transferring funds to and from your Luno account. These fees can vary depending on the payment method and currency used. It's important to note that Luno provides a transparent fee structure, and you can find detailed information about the fees on their website.
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• Feb 17, 2022 · 3 years ago
  The fees associated with using Luno to buy or sell cryptocurrencies are quite reasonable. Luno charges a trading fee that ranges from 0% to 1% depending on the trading volume. This fee is deducted from the total transaction amount. In addition to the trading fee, there may be deposit and withdrawal fees. The deposit fees vary depending on the payment method used, while the withdrawal fees depend on the currency and withdrawal method. It's always a good idea to check the Luno website for the most up-to-date fee information.
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• Feb 17, 2022 · 3 years ago
  As a representative of BYDFi, I can tell you that Luno charges a trading fee for buying or selling cryptocurrencies. The trading fee is based on a tiered structure, where the fee percentage decreases as your trading volume increases. The fee can range from 0.1% to 1% of the transaction amount. In addition to the trading fee, there may be deposit and withdrawal fees, which vary depending on the payment method and currency. It's important to consider these fees when trading on Luno, but overall, Luno offers competitive fees compared to other exchanges.
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