Cryptocurrency Q&A
Is Luno free?
Is Luno free?
Sara
Fri Oct 11 2024
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6 answers
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I'm wondering if Luno is free to use. I want to know if there are any charges or fees associated with it before I decide to sign up.
6 answers
Valentina
Sun Oct 13 2024
The amount of fee charged for buying or selling crypto on the platform is determined by two primary factors.
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StormGalaxy
Sun Oct 13 2024
Firstly, the total 30-day trading volume of an individual user plays a crucial role in determining the fee.
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HanRiverVision
Sun Oct 13 2024
Higher trading volumes generally lead to lower fees, incentivizing active traders.
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BlockchainWizard
Sun Oct 13 2024
Secondly, the type of order placed also affects the fee. Maker orders, which add liquidity to the market, are charged a lower fee compared to taker orders, which remove liquidity.
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Elena
Sun Oct 13 2024
The Luno Exchange operates on a tiered fee structure for cryptocurrency transactions.
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