Luno is a well known bitcoin exchange in South Africa, and it has is one of the most popular Apps that people use to buy and sell bitcoin.
Did you know that when you buy using the Instant Buy option on the Luno App, you pay 2% service fee? There is another way to instantly buy bitcoin using the Luno App, or website, where you can reduce those fees right down to 0.1% trading fee.
Using the Luno Exchange instead of the Instant Buy option, you can reduce your fees drastically down from 2% to 0.1% with not much extra effort
That is a massive savings if you can reduce the fees you pay from 2% down to 0.1%, especially if you are buying frequently or for large amounts of money. If you spend R100 000 on bitcoin, a 2% fee is R2000 in fees that you would pay, while using the other method would mean you only pay R100 in total.
Are you already registered on the Luno exchange platform?
To buy and sell bitcoin on Luno you need to register first, to do this you can use our promo code (BKFEF) which will reward you and us both with R25 in free bitcoin if you spend R500. Follow this link to register today https://www.luno.com
Once you have an account on Luno, and have deposited some Rand (ZAR), you can use that balance to buy bitcoin
Buy bitcoin on Luno using the two different methods:
The first method of buying bitcoin instantly in the video is the Easy, but Expensive method, where you buy on the Standard view of the App, or website, using the Instant Buy option, which has a service fee of 2%.
The second method of buying bitcoin instantly in the video is the Harder, but Cheaper method, where you switch to the Exchange view of the App, or go to the Exchange on the Luno website.
Using the Exchange, you do not pay a 2% service fee, but instead pay a 0.1% Trading Fee.
By buying on the exchange interface, you can buy instantly, so you have the exact same result, but for a much cheaper fee!