Fees & features

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Features

Country Wallet Exchange Instant Buy/Sell API Payment methods
Nigeria Bank transfer

Send fees

Currency Method Fee
BTC Send to Bitcoin address Dynamic*
BTC Send to email address or mobile number Free
BCH Send to Bitcoin Cash address Dynamic*
ETH Send to Ethereum address Dynamic*
XRP Send to Ripple address 0.03%
LTC Send to Litecoin address Dynamic*

* The fee varies dynamically depending on the network traffic.

Receive fees

Supported cryptocurrencies

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Litecoin (LTC)
Currency Method Fee
BTC Receive by Bitcoin address Free*
BTC Receive by email address or mobile number Free
BCH Receive by Bitcoin Cash address Free
ETH Receive by Ethereum address Free
XRP Receive by Ripple address Free
LTC Receive by Litecoin address Free

* For receive amounts to the value of BTC 0.0001 and lower, Luno charges an equivalent transaction fee.

Withdrawal fees

Currency Method Fee
NGN Bank transfer NGN 200.00

Deposit fees

Currency Method Fee
NGN Flutterwave NGN 300.00
NGN PayU Card Deposit 1.58% (max NGN 2,070)
NGN Paystack 1.50% (max NGN 2,000)

Trade fees

Your total 30-day trading volume is calculated each day by summing up all of your trading activity across all markets on the Luno Exchange platform over the last 30 days (converted to your primary currency). You are then assigned a fee tier based on this total 30-day volume according to the table below.

Currency Tier 1 Tier 2 Tier 3
NGN
Less than
NGN 40,000,000.00
More than
NGN 40,000,000.00
More than
NGN 400,000,000.00

Your trading fee for each market depends on your assigned tier according to the table below. Learn more

Market Tier 1   Tier 2   Tier 3  
Maker Fee Taker Fee Maker Fee Taker Fee Maker Fee Taker Fee
BCH/BTC 0.00% 0.25% 0.00% 0.20% 0.00% 0.15%
BTC/NGN 0.00% 1.00% 0.00% 0.75% 0.00% 0.50%
ETH/BTC 0.00% 0.25% 0.00% 0.20% 0.00% 0.15%
ETH/NGN 0.00% 1.00% 0.00% 0.75% 0.00% 0.50%
LTC/BTC 0.00% 0.25% 0.00% 0.20% 0.00% 0.15%
LTC/NGN 0.00% 1.00% 0.00% 0.75% 0.00% 0.50%
XRP/BTC 0.00% 0.25% 0.00% 0.20% 0.00% 0.15%
XRP/NGN 0.00% 1.00% 0.00% 0.75% 0.00% 0.50%

Instant buy/sell transaction limit

These limits are applied per instant buy/sell transaction. There is no limit on the number of transactions that can be done. These limits do not apply to the exchange.

Crypto/fiat pairs

Market Cryptocurrency Local currency
BCH/NGN BCH 0.002 - BCH 20.00 NGN 300.00 - NGN 3,600,000.00
BTC/NGN BTC 0.0005 - BTC 2.00 NGN 300.00 - NGN 3,600,000.00
ETH/NGN ETH 0.01 - ETH 100.00 NGN 300.00 - NGN 3,600,000.00
LTC/NGN LTC 0.01 - LTC 200.00 NGN 300.00 - NGN 3,600,000.00
XRP/NGN XRP 0.10 - XRP 80,000.00 NGN 300.00 - NGN 3,600,000.00

Crypto/crypto pairs

Market Cryptocurrency Counter currency
BCH/BTC BCH 0.002 - BCH 40.00 BTC 0.0005 - BTC 2.00
BCH/ETH BCH 0.002 - BCH 20.00 ETH 0.01 - ETH 100.00
BCH/LTC BCH 0.002 - BCH 20.00 LTC 0.01 - LTC 200.00
BCH/XRP BCH 0.002 - BCH 20.00 XRP 0.10 - XRP 80,000.00
BTC/XRP BTC 0.0005 - BTC 2.00 XRP 0.10 - XRP 80,000.00
ETH/BTC ETH 0.01 - ETH 100.00 BTC 0.0005 - BTC 2.00
ETH/LTC ETH 0.01 - ETH 100.00 LTC 0.01 - LTC 200.00
ETH/XRP ETH 0.01 - ETH 100.00 XRP 0.10 - XRP 80,000.00
LTC/BTC LTC 0.01 - LTC 200.00 BTC 0.0005 - BTC 2.00
LTC/XRP LTC 0.01 - LTC 200.00 XRP 0.10 - XRP 80,000.00

Verification levels and limits

Certain limits apply to each verification level. Learn more about how these limits work and how you can upgrade your account.

Level 1 Level 2 Level 3
Deposits over all time
NGN 200,000
Withdrawals over all time
NGN 200,000
Deposits per month
NGN 500,000
Withdrawals per month
NGN 500,000
Limits may apply
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