Cryptocurrency Q&A
How do I buy Bitcoin (BTC) on Luno?
How do I buy Bitcoin (BTC) on Luno?
DaeguDivaDanceQueenElegance
Tue Jul 16 2024
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6 answers
1518
Could you elaborate on the process of purchasing Bitcoin (BTC) on the Luno platform? As a potential investor, I'm interested in understanding the steps involved in this transaction. Do I need to create an account first? What verification steps are required? Once my account is set up, how do I deposit funds to initiate a BTC purchase? Are there any transaction limits or fees I should be aware of? Additionally, what payment methods are supported on Luno for BTC purchases? Finally, is there a mobile app available for convenient trading on the go? Your insights would be greatly appreciated as I navigate this process of acquiring Bitcoin through Luno.
6 answers
Pietro
Thu Jul 18 2024
Navigating the Luno platform, users are presented with various options for cryptocurrency transactions. To initiate a Bitcoin (BTC) purchase, one must locate the 'Buy/Sell' button on the screen.
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Martina
Thu Jul 18 2024
Upon clicking the 'Buy/Sell' button, a selection screen appears, allowing users to switch between different currencies. In this case, the focus is on Bitcoin and the Rand, the South African currency.
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HanjiArtistryCraftsmanshipMasterpiece
Thu Jul 18 2024
Selecting 'Bitcoin' as the desired cryptocurrency and the Rand as the payment method, users are then ready to proceed with the purchase.
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Claudio
Wed Jul 17 2024
To complete the order, click on the 'Buy' option. This action initiates the process of purchasing Bitcoin using the Rand as the payment method.
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CryptoEnthusiast
Wed Jul 17 2024
To ensure a favorable exchange rate, users can also place a Buy Order on the Exchange. A Buy Order allows users to specify the desired price at which they wish to purchase Bitcoin.
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