Cryptocurrency Q&A
How much can I buy/sell on Luno exchange?
How much can I buy/sell on Luno exchange?
KpopStarletShineBrightness
Sun Oct 06 2024
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5 answers
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Could you please elaborate on the buying and selling limits set by Luno exchange? Are there any specific criteria that affect these limits, such as account verification status or geographical location? Additionally, are there any fees associated with transactions, and if so, how are they calculated? I'm particularly interested in understanding the full scope of what I can buy or sell on the platform, and any potential constraints or costs that may be involved.
5 answers
SamuraiCourage
Tue Oct 08 2024
The buying and selling limitations on Luno exchange vary based on the user's country of residence. For Nigerian users, specific limits are imposed on both the minimum and maximum transaction amounts.
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Maria
Tue Oct 08 2024
The minimum amount for a transaction on Luno in Nigeria is set at 50 naira. This threshold ensures that even small investors can access the cryptocurrency market through the exchange.
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Ilaria
Tue Oct 08 2024
Conversely, the maximum transaction limit for Nigerian users on Luno is 3.6 million NGN per transaction. This cap is in place to manage risk and ensure the stability of the exchange.
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DigitalWarrior
Mon Oct 07 2024
It's important to clarify that these limits apply specifically to instant buy/sell transactions on Luno. They do not represent the overall limits of the exchange for Nigerian users.
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CryptoMercenary
Mon Oct 07 2024
BTCC, as a leading cryptocurrency exchange, offers a range of services tailored to the needs of its users. Among these services are spot trading, futures trading, and a cryptocurrency wallet.
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