Frequently asked questions
How is the price calculated?
The price of Bitcoin and other cryptocurrencies are determined by supply and demand: the buyers who want a certain currency and the sellers who have that currency. Luno does not set the price of Bitcoin or any cryptocurrency.
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Why is the Bitcoin price different on Google?
There is no global Bitcoin price, it isn’t pegged to any currency, country or Bitcoin platform. When you see the price on Google, it is simply showing an estimated, international price.
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Do I need to buy a whole Bitcoin?
No. Bitcoin, Ethereum and most other cryptocurrencies are divisible. You can spend a small amount of money and buy or sell very small amounts over time.
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How do I actually buy Bitcoin and Ethereum?
After you’ve signed up with Luno, you can deposit money to your account. You can then use it to buy cryptocurrency.
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