How to trade on Luno exchange?

Luno provides two methods: instant trading and limit trading. Live trades are executed immediately at the current market price, while limit trades are executed when a specified price is reached or exceeded. The transaction process includes logging in to the account, selecting a trading pair, specifying the transaction type, entering transaction information, previewing the transaction, confirming the transaction and completing the transaction.

Luno Exchange Trading Tutorial

How to trade?

Luno Exchange provides two main trading methods: instant trading and limit trading.

Instant trading

• Fill in the transaction form and select the transaction type (buy or sell), currency, transaction amount or quantity.
• Click the "Trade Now" button.
• Transactions will be executed immediately at the current market price.

Limited Price Trading

• Fill in the transaction form and select the transaction type (buy or sell), currency, transaction amount or quantity.
• Set the limit price at which you want the trade to be executed.
• When the market price reaches or exceeds your limit price, the trade will be executed.

Detailed transaction process:

1. Log in to your Luno account

• Use your email address and password to log in to your Luno account.

2. Select trading pair

• From the asset page, select the currency pair you want to trade (for example: BTC/ZAR).

3. Select transaction type

• Select the type of transaction you want to make: instant transaction or limit transaction.

4. Fill in the transaction form

• Enter the transaction amount or quantity, transaction type (buy or sell), and currency.
• For limit transactions, a limit price must also be set.

5. Preview Transactions

• Preview the details of your upcoming transaction, including transaction amount, fees and expected returns.

6. Confirm Transaction

• Confirm the details of the transaction and click "Trade Now" (Instant Trading) or "Set Limit Order" (Limit Trading).

7. Transaction completed

• You will see the transaction completed in the transaction history.

Tip:

• Before trading, be sure to understand the risks surrounding cryptocurrencies and trading.
• Start with small trades and gradually increase the size as you become more confident in trading.
• Use stop loss orders to manage your risk.
• Store in cold wallet to keep your funds safe.

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