> How do I link my Luno wallet to my bank account?
> How do I put money into my Bitcoin account?
> How long does Luno deposit take?
> How does Luno wallet work?
3. Level 3, you’ll need to submit proof of residential address. Your documents should clearly cover the following:
> Full name (matching your identity document), and
> Residential address, and The date of issue (not older than 3 months)
Things To Note Before Depositing On Luno
There are some basic things you need to take into consideration before you proceed to make any deposit on luno.
They are as listed below:
> Deposits must be made using a bank account that belongs to the same person who owns the Luno wallet, i.e. the bank account must be in your name.
> You may not deposit money using a friend or family member’s bank account
> If you wish to use a company bank account to make deposits from Luno, you’ll need to apply for a company account at Luno
> It can take up to two business days for your money to show in your Luno wallet under certain circumstances.
To deposit money in Luno, do the following;
1. Log in to your Luno account via www.luno.com
2. From in the menu, click WALLETS
3. Next, select your local currency wallet and click on DEPOSIT
4. Follow the screen-instructions
Note that different payment methods are available in each country. Follow the steps displayed and Luno will show you the bank details which will result in the fastest allocation of your money.
You’re expected to read and follow the instructions carefully. Doing that will help prevent unnecessary delays.
Make an online bank transfer from your bank account to the Luno bank account. Once Luno has received your money, you will get an email notification saying you can buy Bitcoin.
Note: To ensure your deposit is allocated quickly, make sure to use the correct REFERENCE NUMBER or, in some countries, the UNIQUE DEPOSIT AMOUNT.
In some countries, Luno may ask you to use a UNIQUE REFERENCE to help it track your deposit.
Enter this reference at your bank when making the deposit to ensure it reflects on our bank statement.
In some countries, Luno may ask you to send a UNIQUE DEPOSIT AMOUNT to help it identify your deposit. This amount will be slightly more than the deposit amount you entered.
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How To Update your beneficiaries On Luno
If you wish to update or remove a beneficiary using the luno website, follow these steps:
- First off, open the Luno app on your smartphone and sign-in
- Next, navigate to Menu and tap Wallets
- Now, tap Withdraw on your local currency wallet
- Tap Beneficiaries
- Lastly, locate the beneficiary you would like to remove, and then choose the remove action to the right of the beneficiary’s name and description.
That is how to update your beneficiaries on luno step by step.
How long does Luno deposit take?
When you deposit on luno, it takes approximately two business working days for your payment to reflect on your luno wallet.
How do I put money into my Bitcoin account?
You can deposit money on luno, buy bitcoin or any of the available cryptocurrencies on the platform and then tranfer it to your blockchain account.
Bear in mind that you’ll be charged certain percentages on luno.
How To Withdraw Money On Luno
To withdraw money from luno wallet to your bank account, do the following:
1. Type www.luno.com in your browser or open the Luno app and sign-in if you have the app installed in your mobile device
2. Next, go to the top right corner and tap Wallets from the Menu
3. Tap Withdraw on your local currency wallet
4. If you have not yet provided your bank account details, you will be prompted to link your bank account
5. Enter the amount you’d like to withdraw
6. Select your bank account. You can add an optional note here for your records
7. Lastly, enter your Luno app PIN and you’re all done
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