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Cryptoguide

Master the art of cryptocurrency with our in-depth guides and learn all the basics as well as the advanced lessons of blockchain.

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Luno Wallet Tutorial

1. How To Sign Up for A New Luno Account

To create a Luno account successfully, you will need the following:

Phone number
Email Address
Document of identification* (If not a South African citizen)

1.1 Open the Luno website or install the free APP on mobile, iOS or Android:

1.2 Once on the landing page, select ‘Sign Up’ and enter email and password:

1.3 Log into your email to verify your email, then open Luno platform and confirm:

1.4 Select ‘Continue’ and you will be redirected to the Login page:

1.5 On the Login page, fill in your email, password and the 4-digit-code sent to your email:

1.6 Fill in your number, the 4-digit-code sent to your SMS and your wallet is done:

1.7 Next, fill in your profile, confirm the information and your Luno profile is complete:

2. How to Deposit Funds

2.1 From the home page select ‘wallets’:

2.2 Select your local currency:

2.3 Select the ‘Deposit’ Icon:

2.4 Select between Bank Transfer and Instant EFT (Recommended):

Note: Instant EFT is a good option because Bank transfers can take up to 48 hours to process deposits. Instant EFT however might have more fees.

2.5 Fill in how much you would like to deposit and select ‘Next’:

2.6 Select ‘Continue to PayU’:

2.7 You will be redirected to PayU to do an instant EFT from your bank account:

Note: Once your instant EFT transaction is complete, you can begin buying the cryptocurrencies of your choice.

3. Buying Cryptocurrency

3.1 On Luno you can buy Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin:

3.2 For example to buy Bitcoin, on the home page, select the BTC icon and press ‘Buy’:

Select how you would like to pay for your Bitcoin:

Select the currency, amount, frequency and press ‘Next’:

Finally ‘confirm’ the amount, enter your ‘pin’ and press ‘done’:

4. Selling Cryptocurrency

4.1 From the home page select ‘wallets’:

4.2 Select the ‘Sell’ icon:

4.3 From the pop up choose the cryptocurrency you would like to sell (e.g. Bitcoin):

4.4 Choose the currency you would like to sell into:

4.5 Select the currency, the amount and press next:

4.6 Finally ‘confirm’ the amount, enter your ‘pin’ and click ‘done’:

5. Sending Cryptocurrency

5.1 From the wallet landing page select the ‘Send’ icon:

5.2 Choose from the pop up which cryptocurrency you would like to send (e.g. Bitcoin):

5.3 Select who to send to via email, mobile or Bitcoin Address (recommended):

5.4 Select the currency, choose an amount to send and press ‘Next’:

5.5 Add an optional reference note:

5.6 Finally ‘confirm’ the amount, enter your ‘pin’ and authorize the transaction:

Note: Authorization will involve a confirmation from your email.

6. Receiving Cryptocurrency

6.1 From your wallet landing page, select the ‘Receive’ icon:

6.2 Select a receive address (if you don’t have one, you can create one at the bottom):

6.3 Receive cryptocurrency by scanning your QR code or by copying your unique address:

7. Exchange

The Luno Exchange is simply a platform that connects buyers with sellers. You're able to place limit orders. This allows you to select a price at which you want to buy your crypto, and this order stays pending until the market reaches your price.

7.1 From the home page select ‘Exchange’:

7.2 The exchange will look like the following:

7.3 To buy into the market, select ‘Buy’. Specify the amount you want to buy and what price you are willing to pay:

7.3 To sell into the market, select ‘Sell’. Specify the amount you want to sell and what price you want to sell it for:

Note: To learn more about trading visit Crypto University at www.cryptouniversity.co.za.

8. Security

Since cryptocurrencies are decentralized, individuals have greater responsibility for protecting their transactions and wallets. Luno has security features built in to protect your cryptocurrency in case of theft of your mobile or laptop.

8.1 From the home page select ‘Profile’:

8.2 Select the ‘Security’ tab:

To enable ‘Two-factor authentication’ select the tab and follow the instructions:

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Note: This feature allows you to use SMS or Google Authenticator to verify your identity.

B. To enable sending of cryptocurrency select ‘Send Cryptocurrency’ and ‘Enable Send’:

C. To enable biometrics select ‘Biometrics’, ‘Unlock the app and ‘Authorise actions’ :

9. Explore

9.1 From the home page select ‘Explore’:

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Note: Explore is a section where you can learn about the basics of cryptocurrencies and blockchain as well as keep yourself updated with the latest industry news and happenings.