How Luno works | Trading Bitcoin, Fees, Limits and Orders explained

How Luno works | Trading Bitcoin, Fees, Limits and Orders explained



Sign up to buy Bitcoin on Luno with this link, and we’ll both get R10 worth of Bitcoin for free: https://www.luno.com/en/invite/S863A

In this video, I explain a bit more about how Luno.com works, which is the exchange that I use to buy Bitcoin in South Africa.

I cover the fees you’ll incur when depositing, withdrawing, and trading Bitcoin on Luno. I also explain a little bit about how the fees are calculated, and what exactly market makers and takers are.

Lastly, I explain how Luno’s trading limits work, and go into the various steps you’ll need to take in order to verify your ID, and trade the amount of Bitcoin that you wish.

All the info in this video comes from https://www.luno.com/help/en/

If you found this video helpful, please be sure to give it a like, and if you have any questions or comments, leave them in the comments section below and I’ll do my best to answer them.

In future, I’ll be doing more videos about Luno and Bitcoin, and will show you how to send and receive Bitcoin, buy things online with Bitcoin, and I’ll also explain a bit more about trading Bitcoin and mining cryptocurrency.

Thanks for watching!

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