The following fees and limits apply for Luno accounts verified in South Africa.
Deposits and withdrawals
|
Method |
Fee |
|
Bank transfer (EFT) |
Free |
|
Instant deposit |
1.4%* |
*Capitec customers also pay a once-off fee of R1.00 when linking their bank account.
More info
Bank transfers take up to 2 business days to reflect in your ZAR wallet (sooner with Standard Bank), and there are no transaction limits if your Luno account is fully verified.
Instant deposits reflect instantly, but some banks are not supported and transactions are limited to R15,000 per deposit.
Note
If you make a cash deposit, you’ll be charged a fee of R20.00 plus 5% of the amount deposited. Cash deposits are prohibited by our Terms of Use, and any Luno account that receives more than one cash deposit may be suspended indefinitely.
|
Method |
Fee |
|
Normal withdrawal |
Free |
|
Express withdrawal |
R20.00* |
*If your bank is an RTC (real-time clearing) participant. Non-RTC banks have an R80.00 express withdrawal fee.
More info
Normal withdrawals will reflect in your bank account up to 2 business days after Luno processes them (sooner with Standard Bank).
Express withdrawals will arrive in your bank account on the same day, provided you withdraw between 08:00 and 15:45, Mondays to Fridays.
Tip
Follow these links to learn more about Luno’s normal withdrawal processing times, as well as the express withdrawal fees and processing times (including a list of RTC participant banks).
You can find out what verification level you’re on by going to your Profile and selecting Settings. Under Verification, you’ll see Level 1, Level 2, or Fully verified.
The following deposit and withdrawal limits apply for each verification level:
|
Level 1 |
Level 2 |
Fully verified |
|
Deposits over all time: R 15,000 Withdrawals over all time: R 15,000 |
Deposits per month R 50,000 Withdrawals per month R 50,000 |
No limits |
Tip
If you need to upgrade your verification level, go to Profile, Settings, then select Verification. Follow the prompts from there.
Buying and selling crypto
You can buy crypto instantly using your credit or debit card, without depositing funds into your ZAR wallet first.
|
Fee |
Limits |
|
3.9% |
Minimum: R 15.00 Maximum: R 15,000 per transaction |
Tip
You can follow this link to learn more about buying crypto with your card in South Africa
These fees and limits apply when you buy or sell crypto from the textWallets screen.
They do not apply to transactions on the Luno Exchange.
Fees
|
Transaction type |
Fee |
|
Buying crypto |
2% |
|
Selling crypto |
2% |
Limits
These limits are applied per transaction. There is no limit on the number of transactions you can make.
|
Currency |
Minimum - Maximum Limits |
|
ZAR |
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|
ADA |
ADA 0.10 - ADA 100,000 |
|
AVAX |
AVAX 0.05 - AVAX 5,000 |
|
BCH |
BCH 0.001 - BCH 40.00 |
|
BTC |
BTC 0.0001 - BTC 5.00 |
|
ETH |
ETH 0.001 - ETH 100 |
|
LINK |
LINK 0.05 - LINK 1,000 |
|
LTC |
LTC 0.001 - LTC 200 |
|
MATIC |
MATIC 1.00 - MATIC 75,000 |
|
SOL |
SOL 0.05 - SOL 1,000 |
|
UNI |
UNI 0.10 - UNI 2,000 |
|
USDC |
USDC 1.00 - USDC 100,000 |
|
USDT |
USDT 1.00 - USDT 100,000 |
|
XRP |
XRP 0.10 - XRP 80,000 |
The fee you pay when buying or selling crypto on the Luno Exchange depends on your total 30-day trading volume, and whether you’re placing a maker order or a taker order.
Your 30-day volume is calculated once per day by summing up all of your trading activity across all markets on the Luno Exchange platform over the last 30 days (converted to your primary currency). You are then assigned a fee tier based on this total 30-day volume according to the table below.
A taker order is an order that trades at market price. A maker order trades at a limited price.
|
Tier |
30-day volume |
Maker fee |
Taker fee |
|
1 |
R 0 - R 20,000 |
0.40% |
0.60% |
|
2 |
R 20,000 - R 200,000 |
0.30% |
0.50% |
|
3 |
R 200,000 - R 1,000,000 |
0.20% |
0.40% |
|
4 |
R 1,000,000 - R 2,000,000 |
0.10% |
0.30% |
|
5 |
R 2,000,000 - R 5,000,000 |
0.08% |
0.20% |
|
6 |
R 5,000,000 - R 10,000,000 |
0.06% |
0.15% |
|
7 |
R 10,000,000 - R 20,000,000 |
0% |
0.10% |
|
8 |
R 20,000,000 - R 40,000,000 |
0% |
0.09% |
|
9 |
R 40,000,000 - R 80,000,000 |
0.01% rebate |
0.09% |
|
10 |
R 80,000,000 - R 120,000,000 |
0.01% rebate |
0.07% |
|
11 |
R 120,000,000 - R 160,000,000 |
0.02% rebate |
0.06% |
|
12 |
R 160,000,000 |
0.02% rebate |
0.05% |
Tip
Learn more about crypto trading fees on the Luno Exchange.
Other crypto investments
The Luno Large Cap bundle is a collection of some of the largest cryptocurrencies. It automatically rebalances once per quarter to reflect market changes. Here are the fees and limits involved:
Fees
|
Fee type |
Fee |
|
Bundle buy fee |
1% |
|
Bundle sell fee |
1% |
|
Bundle tracking fee |
2% per annum (charged quarterly) |
Note
When you sell your bundle, the sell fee is combined with the pro rata tracking fee. In other words, you’ll pay 1% of the amount being sold, plus whatever portion of the 2% tracking fee has accrued by the time you sell.
Limits
|
Transaction |
Limit per transaction |
|
Buying or topping up your bundle |
You can buy R100 - R1,500,000 |
|
Selling your bundle |
You can sell R100* - R1,500,000 |
*If you’re selling your whole bundle, there is no minimum (you’re able to sell it even if your bundle balance is less than R100).
Tip
Learn more about investing in a bundle and bundle fees.
Staking enables you to earn back a percentage of your staked crypto for contributing to the continued operation of proof-of-stake blockchains.
|
Cryptocurrency |
Staking service fee |
|
Cryptocurrency |
Staking service fee |
|
ETH |
30% |
More info
The staking service fee is taken as a percentage of the payouts you receive from the blockchain. In other words, each payout sent to your Staking Wallet will have already had this fee deducted from it. The Annual Payout Percentage (APP) you see before you stake also takes this fee into account – so the APP is your estimated earnings after the deduction.
Luno does not charge a fee when you stake or unstake your cryptocurrency.
Tip
Follow these links to learn more about:
Sending and receiving crypto
Luno charges a dynamic fee for crypto sends.
-
The only exception to this is XRP, which has a fixed 0.03% send fee.
You’ll always see the exact fee amount before confirming you want to proceed with the transaction.
Dynamic fee explanation
-
Blockchain fees, which are not controlled by Luno, increase and decrease depending on how much demand there is on that blockchain.
-
Your dynamic send fee is calculated based on the up-to-date blockchain fee, plus Luno’s operational costs for processing your transaction.
-
During periods of high demand, when the blockchain fee increases, the fee you pay for sending crypto increases as well. If the fee were too low, your transaction could become delayed – or even stuck indefinitely – while the blockchain’s nodes validate all the other transactions that paid them more.
Tip
Follow these links to learn more:
Luno may limit the amount of cryptocurrency you can send during 24-hour and 30-day rolling periods.
These limits form part of our anti-financial crime measures, and they are in line with best practices in the industry.
Note
Send limits are tailored and dynamic in nature. The table below shows the general bandwidths of limits, which are based on your identity verification level. Your actual send limit may be different.
Tip
Learn more about crypto send limits.
|
24-hour limit |
30-day limit |
|
Level 1 Maximum of USD 2,400
Level 2 Maximum of USD 12,000
Level 3 Maximum of USD 120,000 |
Level 1 Maximum of USD 12,400
Level 2 Maximum of USD 60,000
Level 3 Maximum of USD 600,000 |
It's free to receive cryptocurrency, except:
-
If you’re receiving Bitcoin and the amount received is lower than BTC 0.0001, an equivalent fee will be charged to combat dusting attacks.
Luno does not apply any limits to the amount of cryptocurrency you can receive.
Tip
Here are some things you need to know about receiving crypto.