Luno has a maker / taker fee structure for customers who trade using the Luno Exchange.
Before we explain the fees applicable to trading using the exchange, please make sure you understand how limit orders work and what “maker” and “taker” orders are.
Your fee is determined by your trade volume over the last 30 days, excluding the current day. Your 30-day total trade volume is calculated by our system each day at midnight, 00h00 GMT. This determines which fee category will apply to you the following day.
Please take a look at the fee schedule for your country
Your total 30-day trade volume, and your current fee bracket, is shown on the trading volume and fee card.
John trades BTC/ZAR. The total amount of Bitcoin he has bought and sold on the Luno exchange over the last 30 days is 85 Bitcoin.
When he places taker orders that execute immediately, he will be charged 0.75%.
When he places maker orders that are pending in the order book, he will be charged 0.00%.
John trades a total of 30 Bitcoin. At midnight, John’s total 30-day trade volume is recalculated by the system to be 115 Bitcoin. Tomorrow, John will be advanced to a preferential trade fee bracket.
When he places taker orders that execute immediately, he will be charged 0.50%. When he places maker orders that are pending in the order book that are executed at a later stage, he will be charged 0.00%.
At midnight, John’s 30-day trade volume will be recalculated.
The Luno Exchange, limit orders, maker and taker fee structures are for traders looking to buy and sell larger amounts of Bitcoin. For those who are buying less than 10 Bitcoin per month, or prefer simplicity, we suggest using the Instant Buy/Sell feature in the Luno Wallet.
For more information about the applicable fees when buying or selling using the Instant Buy / Sell function click here.