You can move between South African rand (ZAR) and ZARU on Luno at a rate of 1:1, with zero fees, and settlement in seconds. ZARU brings rand on chain, so you hold stable value denominated in rand that moves at the speed of crypto. This guide shows you how to swap in the Luno app and through the Luno application programming interface (API).
Key takeaways
You swap rand for ZARU at a rate of 1:1.
The swap carries zero fees.
Settlement happens in seconds.
You can swap in the Luno app or through the Convert endpoint in the Luno API.
How to swap rand for ZARU in the Luno app
Open the Luno app. Go to the landing page or the crypto tab, then select Trade.
Select Buy, then Crypto, then choose ZARU.
Enter the amount you want to buy. Check that your source of funds is set to your ZAR wallet.
Select Review quote. Your price shows 1:1 with rand, and the fee shows as zero.
Swipe to complete the swap. Your ZARU lands in your wallet.
How to sell ZARU back to rand
The process runs the same way in reverse. Select Sell, choose ZARU, and enter your amount. Set your destination to your ZAR wallet. Your price shows 1:1 with rand with zero fees. Swipe to complete, and your rand returns to your ZAR wallet.
Why traders use ZARU
ZARU gives you a place to hold value denominated in rand without leaving the chain. You can move in and out of positions, settle in seconds, and keep your funds in rand terms between trades. Because the swap holds at 1:1 and carries zero fees, you keep the full value each time you move.
How to swap rand and ZARU with the Luno API
For developers, one call handles the swap in either direction.
Use the Convert endpoint to swap between ZAR and ZARU.
The swap settles at 1:1 with zero fees, the same as the app.
See the reference for the Convert endpoint in the Luno API documentation.
Frequently asked questions
What does it cost to swap rand for ZARU?
The swap carries zero fees. You convert at 1:1 with rand.
How long does the swap take?
The swap settles in seconds.
What rate do I get?
You swap at 1:1 with rand in both directions.
Can I swap through the API?
Yes. Use the Convert endpoint in the Luno API to swap between ZAR and ZARU.
Can I sell ZARU back to rand?
Yes. The sell process mirrors the buy process and returns rand to your ZAR wallet at 1:1 with zero fees.
