Who can use this feature?
The Luno Large Cap Bundle is currently only available to customers in South Africa and Nigeria.
Struggling to decide which cryptocurrencies to invest in? We’ve partnered with CoinDesk to take some of the hard work out of investing by enabling you to buy a bundle in a single purchase.
The bundle, which is comprised of coins tracked by market capitalisation on the Large Capitalisation Select Index (DLCS), includes some of the most popular and actively traded coins. CoinDesk’s strict selection criteria ensure that your bundle only includes coins listed on reputable exchanges.
Here's how
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Sign in to your Luno app
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Navigate to Wallets and select Invest in a bundle
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On the Grow your portfolio screen, select NEXT
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Select GOT IT on the next screen
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On the Luno Large Cap info screen, scroll down and select LET’S INVEST
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Next, enter the amount you’d like to invest and select NEXT
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You’ll see the amount you’ve entered, the buy fee, and the rand value of your bundle
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If you’re happy, accept the Terms and Conditions and select CONFIRM Enter your Luno PIN
Success! You’ve just invested in a bundle and diversified your portfolio.
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Select Wallets and choose Luno Large Cap bundle under Bundles
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On the How much do you want to invest? screen, enter the amount and select NEXT
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You’ll see the amount you’ve invested, the service charge, and the rand value worth of a bundle you’ll receive
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If you’re happy, accept the Terms and Conditions and select CONFIRM
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Enter your Luno PIN
Congratulations! Your investment will be added to your bundle portfolio.
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Select Wallets and choose Luno Large Cap bundle under Bundles
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On the How much of your bundle do you want to sell?, enter the amount or choose SELL ALL and select NEXT
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You’ll see the amount you’ve entered, the combined charge, and the rand value you’ll receive
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Select CONFIRM
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Enter your Luno PIN
Success! You’ve just sold all or part of your bundle.
Note
You can restart your investment at any time.
Which coins are included in the bundle?
The bundle currently contains the following coins weighted according to their market capitalisation:
Note
These coins could change after each quarterly rebalancing event.
The benefits of building a diversified portfolio
Crypto bundles are an option you can consider if you’re looking to diversify your crypto holdings.
With one purchase, you can buy a piece of some of the largest and most popular cryptocurrencies in an ever-changing crypto market.
The bundle’s algorithm tracks market performance, so as the coins in your bundle rise or fall in value, we’ll rebalance your bundle every quarter. In other words, the bundle automatically adjusts itself four times per year to allocate more money to coins with higher market caps, and less money to coins with lower market caps.
In some cases, if a coin that’s not in your bundle emerges with a higher market cap than a coin that’s in your bundle, those coins may be swapped out.
Tip
Think of a bundle like a basket of cryptocurrencies that you own, except the contents of the basket are adjusted based on changes in the crypto market. Learn more about what rebalancing is and how it works.
Keep in mind that even a diversified crypto portfolio is not immune to losses. Make sure you understand cryptocurrency risks before investing.
Frequently asked questions
Coin combos give you the convenience of buying multiple coins in a single transaction, which are then stored in individual crypto wallets. You can then buy more of an individual coin at a later stage or sell part or all of an individual coin.
Bundles are a basket of coins that are made up of the cryptocurrencies with the largest market capitalisation as tracked on CoinDesk’s Large Cap Select Index (DLCS). This means that the crypto market determines which coins are contained in your bundle.
Unlike coin combos, the coins in a bundle are not stored in your individual wallets and you’re not able to trade each coin in the bundle separately. It’s also not possible to send or receive crypto to or from a bundle.
A buy, tracking, top-up, and sell fee are charged for bundles. The tracking fee is paid quarterly, while the rest are paid at the point of sale.
Note
Read this article for a breakdown of the fees that are charged for bundles.
Yes, the minimum buy amount is R100 and the maximum amount is R1,500,000.
Yes, there are. The minimum amount is R100 when you’re selling a portion of your bundle. There is no minimum if you’re selling the whole bundle. In either case, the maximum amount you can sell is R1,500,000.
No. The bundle is a basket of coins that tracks the index, so the coins can’t be traded separately. The amount of each coin you hold in your bundle is a reflection of what the crypto market looks like: for example, if Bitcoin has triple the market cap of Ethereum, then your bundle must have three times as much Bitcoin as Ethereum in it.
When you sell a portion of your bundle, you’re actually selling a portion of all the coins in it, which keeps the proportions of each coin balanced.
Yes, just one: you’ll not be able to sell your bundle for a brief 1.5-hour window during each quarterly rebalancing event. These will take place in January, April, July, and October.
This means that bundle trading will be paused on the second business day of the following months at these times:
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January: 9:45 PM - 11:15 PM
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April, July, October: 8:45 PM - 10:15 PM
As coins in your bundle drop or increase in value, the bundle will automatically rebalance itself every quarter by allocating more money to higher-performing coins and less money to lower-performing ones, if needed. Read more about bundle rebalancing and how it works.
Rebalancing takes place on the second business day of January, April, July, and October.
Yes, you can. You’ll be able to see how your bundle’s doing from your Wallets screen by navigating to YOUR INVESTMENTS, scrolling down to Bundles, and then selecting VIEW MY BUNDLE.
Tip
Check out this article to learn how to track your bundle’s performance.
Yes. Buying the underlying coins, rebalancing, and reconstitution or selling all or part of the bundle will trigger a tax event.
Note
We recommend that you consult with your personal tax advisor on the potential tax implications of investing in the Luno Large Cap bundle.