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How do I buy or sell digital currency?

To buy digital currency with Luno you need to have done two things:


Luno provides two ways to buy digital currency:

  1. Instant buy or sell (easy to understand, simple to use)

  2. Exchange order (more complex, more control)


1. Instant buy or sell


Steps:

  1. Select BUY from the top navigation on the home screen

  2. Choose which digital currency you want to buy

  3. Choose which currency you want to spend

  4. Enter the amount (in this example, we are buying Bitcoin worth 100 EUR)

  5. Review the transaction (which shows the exchange rate and the amount of Bitcoin you'll receive)

  6. Click BUY or NEXT depending on your device, review the details and confirm


After your buy order has completed, you can go to TRANSACTIONS from the MENU for details information.


2. Exchange order

The exchange feature is only available for Bitcoin and customers in South Africa, Malaysia, Nigeria and Indonesia. This feature is for more advanced users. 

A limit buy order allows you to select a price at which you want to buy your Bitcoin. This order stays pending until the market (a Bitcoin seller in this case) reaches your price. Limit orders are done on the Luno Exchange.

To learn more about the Luno Exchange and how such a system works, click here.


Related articles

How do I deposit money?

How long until my deposit or withdrawal is processed?

What does it cost to use Luno? Does Luno charge any fees? 


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