What are the fees associated with trading on Luno exchange?
Schmidt AkhtarMay 24, 2022 · 3 years ago1 answers
Can you provide a detailed explanation of the fees associated with trading on Luno exchange? I would like to know the different types of fees, such as trading fees, deposit fees, and withdrawal fees, as well as the specific rates for each fee.
1 answers
- Game LoopSep 28, 2024 · 9 months agoTrading on Luno exchange involves certain fees that you should be aware of. The primary fee is the trading fee, which is charged on each trade you make. The trading fee is calculated based on the trade volume and is typically a percentage of the total transaction amount. Luno also charges deposit fees when you add funds to your account. The deposit fees vary depending on the payment method you choose, such as bank transfer or credit card. Additionally, there are withdrawal fees when you transfer funds from your Luno account to an external wallet or bank account. The withdrawal fees depend on the specific cryptocurrency or fiat currency you are withdrawing. It's important to review Luno's fee schedule for the most accurate and up-to-date information on fees.
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