How to sell bitcoin to luno


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How To Sell Bitcoins on Luno and Withdraw To Your Bank Account

Information Seller Luno Pte Ltd. Size 93 MB. Category Finance. Compatibility iPhone Requires iOS Mac Requires macOS Languages English, French, Indonesian, Italian. Price Free. Family Sharing With Family Sharing set up, up to six family members can use this app. Access Bank Plc. Zenith Bank eaZymoney. FirstMobile App. You are solely responsible for ensuring that any Withdrawal instructions provided to Luno, including the relevant bank account number, are complete and correct and you accept and agree that under no circumstances will Luno be under any obligation to reverse or amend any Withdrawal.

Luno will make all reasonable efforts to process Withdrawals each business day, in accordance with the Deposit and Withdrawal Schedule on the Luno website, but you accept and agree that Luno provides no guarantee in relation to the Withdrawal processing period. Withdrawals to the bank account of any third party are expressly prohibited.

Luno Wallet holders may use the Instant Buy or Sell service to buy or sell a chosen amount of Supported Cryptocurrency at the quoted exchange rate.

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Before confirming any Instant Buy or Sell transaction, you must ensure that the amount of Supported Cryptocurrency to be bought or sold is correct and that you agree to the quoted exchange rate. Luno cannot reverse an executed order. Luno reserves the right to delay or refuse any Instant Buy or Sell transaction if, in our sole discretion, we perceive there to be a risk of fraud or illegal activity, or where we have reasonable grounds on which to suspect an error may have been made.

Luno shall have no liability to you in connection with any delay in or non-completion of an Instant Buy or Sell transaction. Any person using the Luno Exchange does so entirely at their own risk. The Luno Exchange is not offered to customers in all jurisdictions. Luno may, at any time and in our sole discretion, refuse any trade, impose limits on the trade amount permitted, or impose any other conditions or restrictions upon your use of the Luno Exchange that we deem necessary. We may, for example, limit the number of open orders that you may establish or restrict trades from certain locations.

Luno reserves the right to take such action without prior notice. You agree and accept that:. The fees applicable to transactions undertaken on the Luno Site can be viewed on the Fees and Features page of the Luno website.

How does a cryptocurrency exchange work?

Luno reserves the right to change our fees at any time and will update the Fees and Features page accordingly. In certain circumstances, and at our sole discretion, Luno may notify selected customers of a specific fee change, where we consider a change to be of particular relevance to such customers. Send and Receive fees. Fees will apply where Supported Cryptocurrency is sent to or received from a Supported Cryptocurrency address e. Please see the Fees and Features page of the Luno website for further information on send and receive fees.

Deposit and Withdrawal fees. All Withdrawals from your Luno Wallet will incur a fee. Such fees differ by country and are set out on the Fees and Features page of the Luno website. Such fees will be displayed in your transaction history upon completion of the transaction. Instant Buy and Sell fees.


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Trade fees. Please consult the Fees and Features page of the Luno website for further information on applicable Maker and Taker fees. Luno will, at the time of any transaction on the Luno Exchange, notify you of any fees that will apply to the transaction. By proceeding with any transaction, you accept and agree to the applicable fees. Such fees will also be displayed in your transaction history upon completion of the transaction. Luno takes security very seriously and the measures we have in place to protect your Luno Account are explained on the Security page of the Luno website.

However, you are solely responsible for:.

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The security of your Luno Account may be compromised, or interruption caused to it, by phishing, spoofing or other attack, computer viruses, spyware, scareware, Trojan horses, worms or other malware that may affect your computer or other equipment. Luno strongly recommends that you regularly use reputable virus screening and prevention software and remain alert to the fact that SMS, email services and search engines are vulnerable to spoofing and phishing attacks. To the maximum extent permitted by applicable law, you accept and agree that you have full responsibility for all activity that occurs in or through your Luno Account and accept all risks of any unauthorised or authorised access to your Luno Account.

Private keys. You accept and agree that Luno shall retain full ownership and control of the Private Keys associated with your Luno Account and that you shall have no control of, access to, or the ability to use, such Private Keys.

Verifying your identity

For example, but without limiting the generality of the foregoing, Luno will not:. While we will do everything we can to provide continuous operations, Luno does not provide any warranty in relation to the availability of the Luno Site or your Luno Account. When you use your Luno Account to send or receive cryptocurrency, the transaction must be confirmed and recorded in the public ledger associated with the relevant cryptocurrency network e. That cryptocurrency network is solely responsible for verifying and confirming any such transactions.

Luno cannot confirm, cancel or reverse transactions on a cryptocurrency network, other than confirming to you that the network has completed the transaction. You accept and agree that:. Network protocols and operating rules. The underlying software protocols that govern the operation of the Supported Cryptocurrencies are open source. Accordingly, anyone can use, copy, modify, and distribute them and Luno has no ownership of or control over these protocols.

By using the Luno Site, you accept and agree that:. You must not use your Luno Wallet for the purpose of storing Local Currency. Should we have reasonable grounds on which to suspect you are using your Luno Wallet primarily for the purpose of storing Local Currency, Luno reserves the right to restrict, suspend or terminate your Luno Account. Unclaimed property. In the event any funds are held in your Luno Wallet s and Luno has no record of any use of your Luno Account for several years, and we are unable to contact you, the law in your jurisdiction may require us to report and deliver such funds to the relevant authorities as unclaimed property.

To the extent permitted by applicable law, Luno reserves the right to deduct a dormancy fee or other administrative charges from such unclaimed funds. You may close your Luno Account by submitting a closure request via the Help Centre. Luno will action such requests once i the sum of all Local Currency and cryptocurrency balances in your Luno Wallet s is below the Minimum Closure Amount; and ii no transactions have taken place in your Luno Account for a period of at least 30 days. Such requirements are designed to protect you from loss and Luno will not action a closure request until they are satisfied.

If at the date of closure of your account any Local Currency or cryptocurrency remains in your Luno Wallet s i. You accept and agree that Luno shall not be liable to you or any third party in relation to the closure of your Luno Account, the termination of access to your Luno Account, or for the deletion of your information or Luno Account data. You accept and agree that Luno is under no obligation to disclose to you the fact of or reason for any decision to restrict, suspend or terminate your Luno Account, and shall have no liability to you in connection with the restriction, suspension or termination of your Luno Account.

Account termination. Any use of the Luno API is subject to this section and, for the avoidance of doubt, the Terms in their entirety. Any use of the Luno API is entirely at your own risk. It is your responsibility to keep any API keys, passwords or other credentials relating to your use of the Luno API secure, and you accept and agree that you take full responsibility for any and all requests made over the API, whether authorised by you or not.


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Luno sets and enforces limits on your use of the Luno API e. You accept and agree that any circumvention of, or attempt to circumvent, these limits, or any use of the Luno API that may adversely affect other users of the Luno Site, may result in Luno, at its sole discretion, revoking your API access. Where market data is provided to you through the Luno API, you are not permitted to redistribute or sell such data without the prior written consent of Luno.

Help Centre | Luno

Under no circumstances does any information contained on the Luno Site, or provided to you through your Luno Account or by any employee, agent or affiliate of Luno, constitute financial, investment or other professional advice. You are solely responsible for any decision to store, buy or sell cryptocurrency, and such decision should take into account your risk tolerance and financial circumstances.

For more information on the risks involved, see Risks and the Risk Warning on the Luno website. You should consult your legal or tax professional in relation to your specific situation. Learn more about how these limits work and how you can upgrade your account. We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more by visiting our privacy policy. By continuing to use the site, you are agreeing to our use of cookies. Sign up. Account Sign up Sign in Sign out. About Company Careers Press.

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How to sell bitcoin to luno

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