Data profile
Luno in South Africa: availability, FSCA status, ZAR fees and KYC
Luno for South Africans: FSCA licence FSP 53314, 0.40 % maker / 0.60 % taker on BTC/ZAR, 0.20 % on USDT/ZAR, free EFT deposits and withdrawals, KYC levels.
Direct answer
Luno is run by Luno (Pty) Ltd, a South African company listed as FSP 53314 on the FSCA's March 2026 list of licensed crypto asset service providers. A new account pays 0.40 % maker / 0.60 % taker on BTC/ZAR and 0.20 % taker on USDT/ZAR, EFT deposits and normal withdrawals are free, and express withdrawals cost R20.00 to most banks; the costs to watch are the 2 % instant buy/sell and the 1.25–2.5 % instant deposit rails.
As of 27 September 2026. Sources: List of licensed crypto asset service providers – March 2026 (PDF) (Financial Sector Conduct Authority (FSCA)); Luno fees and limits in South Africa (Luno Help Centre)
Key facts (verified 3 October 2026)
- Luno (Pty) Ltd (registration 2013/075107/07) is on the FSCA's March 2026 list as FSP 53314, Category I & II.
- Luno Exchange entry tier: 0.40 % maker / 0.60 % taker on crypto/ZAR pairs; 0.20 % taker on USDT/ZAR and USDC/ZAR.
- EFT deposits and normal withdrawals are free; express withdrawals cost R20.00 to most banks; instant buy/sell costs 2 %; instant deposit rails 1.25 % to 2.5 %.
- Best fit: stablecoin buyers and Capitec or Absa customers; weaker fit for active BTC/ZAR traders or anyone wanting derivatives.
Verified· verified on 3 October 2026
How we make money
SwapSift may receive a referral reward if you sign up for Luno through this referral link and meet Luno’s current eligibility requirements. This does not affect how exchanges are ranked or reviewed. Commissions and referral rewards never affect how we rank or describe exchanges.
This is a data profile, not a hands-on review. We only describe what we could verify from official sources.
Referral link. SwapSift may receive a reward if eligibility conditions are met. SwapSift does not charge you for using it; the provider sets its own pricing, promotions and eligibility. How we make money
Referral code: YGAM59
Luno may require you to enter this referral code during the rewards flow to qualify for the current referral reward. Subject to Luno’s current referral programme terms and eligibility.
Availability in South Africa
- Availability
- availableVerified
South Africa is a listed supported country (article edited 1 June 2026). The terms of use (last updated 14 May 2026) are an agreement with Luno (Pty) Ltd, a company incorporated in South Africa, and Luno’s FAIS disclosure notice gives its registration number, 2013/075107/07.
Source: guide.luno.com (opens in a new tab) (document dated 1 June 2026) · verified on 3 October 2026 · re-check due 2 January 2027 - Fiat currencies
- ZARVerified
A ZAR wallet takes deposits in rand only (terms of use, last updated 14 May 2026); the bank-transfer article adds that deposits must come from a bank account registered in South Africa.
Source: luno.com (opens in a new tab) (document dated 14 May 2026) · verified on 3 October 2026 · re-check due 18 November 2026 - ZAR deposits
- YesVerified
Bank transfer (EFT), instant deposit, Absa Pay, Capitec Pay and Apple Pay.
Source: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026 · re-check due 18 November 2026 - ZAR withdrawals
- YesVerified
Normal or express withdrawal to a South African bank account.
Source: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026 · re-check due 18 November 2026
Regulation and licensing
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Licence status
- licensedVerified
Listed in the regulator register dated March 2026. Current status has not been independently reconfirmed since that list.
Entry 173 of the FSCA list of licensed CASPs titled March 2026: LUNO (PTY) LTD, Category I & II.
Source: fsca.co.za (opens in a new tab) (document dated March 2026) · verified on 27 September 2026 · re-check due 27 December 2026 - Licence reference
- FSP 53314 (FSCA, Category I & II); NCR credit provider NCRCP22123; FIC registration AI/130605/00024Verified
Listed in the regulator register dated March 2026. Current status has not been independently reconfirmed since that list.
FSP number matches entry 173 of the FSCA register titled March 2026 (read 27 September 2026); NCR and FIC numbers, the third-party payment provider registration and the juristic-representative arrangement with Black Onyx CurrencyHub (FSP 50850) for derivatives are as stated by Luno (licences page re-read 3 October 2026).
Source: Licenses and registrations (Luno) (opens in a new tab) (document dated March 2026) · retrieved 27 September 2026 · verified on 3 October 2026 · re-check due 2 January 2027
What the licence list shows and how to check it yourself: FSCA-licensed crypto exchanges in South Africa.
ZAR deposit methods
Bank transfer (EFT); instant deposit, Absa Pay and Capitec Pay; Apple Pay ("other"); crypto deposits.
Source: guide.luno.com (opens in a new tab) · verified on 3 October 2026 · re-check due 18 November 2026| Method | Fee | Minimum / limit | Processing time |
|---|---|---|---|
| Bank transfer (EFT) | Free | Limit No limit (level 3); level limits otherwise | Near-instant from Standard Bank; up to 2 business days from other banks (bank-transfer deposit article, edited 29 April 2026) |
| Instant deposit | 1.4 % | Limit R100,000 | — |
| Absa Pay | 1.4 % | Limit R100,000 | — |
| Capitec Pay | 1.25 % for deposits under R1,000; R9.00 for deposits over R1,000 | Limit R100,000 | — |
| Apple Pay | 2.5 % | Min R50 · Limit R30,000 | — |
Capitec and Absa customers cannot make an EFT to Luno from those accounts (bank-transfer deposit article, edited 29 April 2026); Luno’s alternatives include Capitec Pay, Absa Pay or an EFT from another bank.
Source: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026- Minimum deposit
- UnknownData under review
No minimum deposit is printed on the fees page (bank transfer: "Free", "No limit") or in the bank-transfer deposit article (edited 29 April 2026), both read 4 October 2026. Of the deposit routes on the fees page, only Apple Pay prints a minimum.
Source: Luno fees and limits in South Africa (opens in a new tab) (document dated 29 September 2026) · retrieved 4 October 2026
ZAR withdrawal methods
Normal or same-day express ZAR withdrawals to a bank account; the withdrawal-schedule article says the account must be your own, or the withdrawal fails or bounces back.
Source: guide.luno.com (opens in a new tab) (document dated 29 September 2026) · verified on 3 October 2026 · re-check due 18 November 2026| Method | Fee | Minimum / limit | Processing time |
|---|---|---|---|
| Normal withdrawal | Free | — | Up to 2 business days after processing (sooner with Standard Bank) |
| Express withdrawal | R20.00 to RTC-participant banks; R80.00 to other banks | — | Same day |
- Minimum withdrawal
- R10Verified
Applies to withdrawals from the ZAR wallet to a South African bank account; the withdrawal fee is added on top of the amount entered. Not printed on the fees page itself.
Source: Are there any withdrawal limits? (opens in a new tab) (document dated 16 September 2026) · verified on 3 October 2026 · re-check due 18 November 2026 - Crypto withdrawal networks and fees
- Dynamic, network-based send fee shown before you confirm (XRP fixed at 0.03 %); no per-network fee table is published.VerifiedSource: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026 · re-check due 3 November 2026
USDT (Tether)
Networks and fees as published by the platform. A variable fee is never shown as a number; a network missing from this list is unknown, not unsupported.
- USDT trading pairs
- USDT/ZAR, USDC/ZAR, BTC/USDTVerified
USDT/ZAR and USDC/ZAR have their own fee class (Tier 1: 0.20 % taker, −0.01 % maker rebate); USDT-quoted pairs such as BTC/USDT are crypto/crypto (0.10 % / 0.08 %).
Source: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026 · re-check due 18 November 2026 - USDT deposit networks
- Ethereum (ERC-20), Tron (TRC-20)Verified
Tron is available only to customers verified in South Africa and Nigeria on app version 8.77.0 or higher and may be temporarily unavailable; you choose the network when you create a receive address. Never send USDT to your Luno Ethereum (ETH) wallet.
Source: Which transfer network should I choose when sending or receiving USDT? (opens in a new tab) (document dated 4 May 2026) · verified on 3 October 2026 · re-check due 18 November 2026 - USDT withdrawal fee by network
- Ethereum (ERC-20): Variable — dynamic send fee shown before you confirm · Tron (TRC-20): Variable — shown before you confirmVerifiedSource: Which transfer network should I choose when sending or receiving USDT? (opens in a new tab) (document dated 4 May 2026) · verified on 3 October 2026 · re-check due 3 November 2026
- USDT minimum withdrawal
- 10 USDT per send on Tron (TRC-20); no minimum on Ethereum (ERC-20) beyond covering the send feeVerified
The article’s network table gives "You must send a minimum of $10 USDT" for Tron and "There’s no minimum send amount, provided you cover the network’s send fee" for Ethereum (content unchanged since 4 May 2026). Until the re-read on 27 September 2026 this field recorded 10 USDT for every network.
Source: Which transfer network should I choose when sending or receiving USDT? (opens in a new tab) (document dated 4 May 2026) · verified on 3 October 2026 · re-check due 3 November 2026
Deposit and withdrawal troubleshooting facts
Processing windows, reference rules and recovery policy exactly as the platform publishes them. Unknown means the platform publishes nothing, not that no rule exists.
- ZAR deposit processing time
- Standard Bank near-instant; other banks up to two business days (longer over weekends, public holidays and after hours). Send proof of payment only after two business days.Verified
The deposit-not-reflecting article (edited 30 January 2026) asks for proof of payment only after two business days and says most deposits take at least 48 hours, excluding weekends and public holidays, to allocate.
Source: How do I make a deposit via bank transfer in South Africa? (opens in a new tab) (document dated 29 April 2026) · verified on 3 October 2026 · re-check due 18 November 2026 - Deposit reference rule
- Use the BX or LN deposit reference in the beneficiary reference field (Luno recommends both reference fields), pay from your own bank account, and avoid two deposits of the same amount within 24 hours; a wrong or missing reference can take up to a month to allocate. Proof of payment must show name, amount, date and reference (no SMS, statements or notifications).VerifiedSource: What can I do if my deposit isn't reflecting in my wallet? (opens in a new tab) (document dated 30 January 2026) · verified on 3 October 2026 · re-check due 18 November 2026
- ZAR withdrawal processing schedule
- Normal withdrawals are processed automatically: to Standard Bank 08:00–17:45 Monday–Saturday (in your account up to 24 hours later); to other banks 08:00–15:45 Monday–Friday and 08:00–09:45 Saturday (up to 48 hours later). A withdrawal to an account that is not your own, or with incorrect bank details, fails or bounces back.VerifiedSource: How long until my withdrawal is processed? (opens in a new tab) (document dated 16 September 2026) · verified on 3 October 2026 · re-check due 18 November 2026
- Wrong-network / wrong-address recovery policy
- Crypto sent to Luno incorrectly could be lost: Luno states it cannot access or return unsupported cryptocurrency sent to a Luno wallet, and warns that sending other coins over an unsupported network (such as BNB Chain) may lead to permanent loss. No recovery service is described.VerifiedSource: Things you need to know about receiving crypto (opens in a new tab) (document dated 12 March 2026) · verified on 3 October 2026 · re-check due 3 December 2026
Trading fees
- Maker fee: general crypto/ZAR (entry tier)
- 0.4 %Verified
Tier 1 (R0–R20,000 30-day volume) for crypto/ZAR pairs such as BTC/ZAR; USDT/ZAR and USDC/ZAR makers receive a 0.01 % rebate.
Source: guide.luno.com (opens in a new tab) · verified on 3 October 2026 · re-check due 3 November 2026 - Taker fee: general crypto/ZAR (entry tier)
- 0.6 %Verified
Tier 1 for crypto/ZAR pairs such as BTC/ZAR; USDT/ZAR and USDC/ZAR 0.20 %; crypto/crypto 0.10 %.
Source: guide.luno.com (opens in a new tab) · verified on 3 October 2026 · re-check due 3 November 2026 - Instant / simple buy
- 2 %VerifiedSource: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026 · re-check due 3 November 2026
- Fees differ by pair class
- YesVerified
Crypto/ZAR, USDT/ZAR & USDC/ZAR and crypto/crypto pairs each have their own column in the maker and taker tier tables.
Source: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026 · re-check due 3 November 2026
KYC requirements
Documents and selfie from this article (edited 12 June 2026); proof of address from the accepted-documents article (edited 5 June 2026); level limits from the fees page; "a few minutes, or a day or two for a manual review" from the verification article (edited 21 September 2026).
Source: Which identity documents are accepted for verification? (opens in a new tab) (document dated 12 June 2026) · verified on 3 October 2026 · re-check due 2 January 2027Products
- Products
- Spot, Staking, OTCVerified
Luno Exchange order book plus instant buy/sell; staking for selected coins; an OTC Desk for trades of about USD 50,000 or more (OTC Desk article, edited 4 September 2026). The fee page also lists tokenised stocks and ETFs (1 % trade cost), bundles and prediction markets run by Limitless. No futures or margin product page found.
Source: guide.luno.com (opens in a new tab) (document dated 29 September 2026) · verified on 3 October 2026 · re-check due 3 December 2026 - Spot trading
- YesVerified
Luno Exchange order book plus instant buy/sell from the Portfolio screen.
Source: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026 · re-check due 3 December 2026 - Derivatives (futures / margin)
- NoPartially verified
No futures or margin product appears in the South African fee schedule (edited 29 September 2026); absence on the page is not a statement by Luno. Its licences page says Luno acts as a juristic representative of Black Onyx CurrencyHub (FSP 50850) in respect of derivatives.
Source: Luno fees and limits in South Africa (opens in a new tab) · verified on 3 October 2026 · re-check due 3 December 2026 - Beginner friendly
- YesVerified
Editorial judgement per our methodology: FSCA-licensed South African entity, free ZAR EFT deposits and withdrawals, instant deposit options and a simple buy/sell flow.
Source: guide.luno.com (opens in a new tab) · verified on 6 September 2026 · re-check due 6 March 2027
Referral link. SwapSift may receive a reward if eligibility conditions are met. SwapSift does not charge you for using it; the provider sets its own pricing, promotions and eligibility. How we make money
Referral code: YGAM59
Luno may require you to enter this referral code during the rewards flow to qualify for the current referral reward. Subject to Luno’s current referral programme terms and eligibility.
Referral programme (informational)
Reward levels are the amounts published for South Africa on the retrieval date and are not permanent; the referral flow is described in the companion article “A guide to earning rewards with Luno” (https://guide.luno.com/hc/en-gb/articles/11035588965789-A-guide-to-earning-rewards-with-Luno). Informational disclosure only; never an input to rankings.
Source: Luno Help Centre: How to level up your Luno rewards (opens in a new tab) (document dated 16 September 2026) · verified on 3 October 2026 · re-check due 3 November 2026Commissions never affect how we rank or describe exchanges.
Who Luno may suit
- Users who trade crypto/crypto pairs (e.g. BTC/USDT) on an order book with a verified rate rather than relying on ZAR spot pairs.
- Users who want to buy or sell USDT against rand on an order book with a verified entry-tier rate.
- Users who fund with an ordinary EFT and want a verified free rand deposit.
- Users who want rand to reflect within minutes to hours through a bank-login rail (instant EFT, Capitec Pay, Absa Pay or a bank-login deposit).
- Users who want a provider that appears on the FSCA list of licensed crypto asset service providers.
- First-time buyers who want a simple, locally licensed rand on-ramp (our editorial beginner criteria).
Who Luno may not suit
No verified use case recorded yet.
Advantages
- FSCA-licensed South African entity (FSP 53314); Luno dates its service to 2013.
- Free ZAR bank-transfer deposits and free normal withdrawals; express withdrawals for R20 to most banks.
- Low fees on USDT/ZAR and USDC/ZAR pairs (0.20 % taker, maker rebate) and three verification levels with clear limits.
Disadvantages
- Instant buy/sell costs 2 % and instant deposit rails cost 1.25–2.5 %, well above exchange fees.
- Tier 1 taker fee on BTC/ZAR and other crypto/ZAR pairs is 0.60 %, higher than some competitors.
- No derivatives product; staking service fees take 20–40 % of rewards.
What we could not verify yet
- Global headquarters city is not stated on an official page (only the Cape Town registered address).
- Whether derivatives are offered to South African retail customers via the FSP 50850 arrangement.
Data confidence
Official-source coverage: HighData confidence measures how much of our core checklist is documented on current official sources. It is not an exchange quality score, a safety score, a hands-on test result or a recommendation.
- Core areas documented
- 6 / 6
- Availability
- Verified 3 October 2026
- Regulatory status
- Verified 3 October 2026
- Trading fees
- Verified 3 October 2026
- ZAR deposits
- Verified 3 October 2026
- ZAR withdrawals
- Verified 3 October 2026
- KYC requirements
- Verified 3 October 2026
- Affiliate terms
- Partially verified
Unresolved questions
- Data under review Minimum deposit amount: No minimum deposit is printed on the fees page (bank transfer: "Free", "No limit") or in the bank-transfer deposit article (edited 29 April 2026), both read 4 October 2026. Of the deposit routes on the fees page, only Apple Pay prints a minimum.
- Global headquarters city is not stated on an official page (only the Cape Town registered address).
- Whether derivatives are offered to South African retail customers via the FSP 50850 arrangement.
Hands-on testing: Not independently tested yet.
High means at least five of the six core areas are documented on current official sources with no conflicting core field. It does not mean every question is answered, that the exchange is safe or good, or that we have tested it. How data confidence is computed
The facts on this page, with sources and dates, as open data (CC BY 4.0): JSON · all exchanges and field definitions
Luno is open to South African residents and contracts with a South African company, Luno (Pty) Ltd (registration 2013/075107/07). It appears on the FSCA’s March 2026 list of licensed crypto asset service providers as FSP 53314, Category I & II. Rand comes in free by bank transfer with no limit and goes back out free by normal withdrawal to a South African bank account in your own name. Same-day express withdrawals cost R20.00 to most banks. On the Luno Exchange a new account pays 0.40 % maker / 0.60 % taker on crypto/ZAR pairs such as BTC/ZAR and only 0.20 % taker on USDT/ZAR and USDC/ZAR. The costs to watch are the 2 % instant buy and sell from the Portfolio screen and the 1.25–2.5 % instant deposit rails.
Who Luno suits
Luno fits a South African who wants a licensed local entity, a free rand rail in both directions and a simple app. To keep fees down, use the Exchange screen rather than the one-tap buy button. It suits stablecoin buyers particularly well: 0.20 % taker on USDT/ZAR, with a 0.01 % rebate for makers, is the lowest rand-pair rate we verified anywhere. Capitec and Absa customers cannot pay Luno by ordinary EFT. For them, Capitec Pay (R9.00 over R1,000) or Absa Pay (1.4 %) replaces the free EFT, and Apple Pay (2.5 %) is the other rand option.
It is a weaker fit in three cases. Active bitcoin traders pay 0.60 % taker on BTC/ZAR, against VALR’s 0.35 %. Anyone who wants derivatives finds no futures or margin product for South Africa. And people who only ever press the instant buy button pay 2 %.
What we checked and where
Every fact here comes from Luno’s own help centre and legal pages, all re-read on 3 October 2026. Its fees article was last edited on 29 September 2026 and its South African Terms of Use last updated on 14 May 2026. The licence entry comes from the FSCA’s March 2026 list, read on 27 September 2026. We did not open an account. Fields Luno does not publish are marked unknown.
Availability and the entity you contract with
Luno’s supported-countries page lists South Africa, alongside Kenya and Nigeria in Africa and Indonesia and Malaysia in South East Asia. Its South African Terms of Use state that they are a binding agreement between you and Luno (Pty) Ltd, a company incorporated under the laws of South Africa. The terms define local currency for South Africa as rand and require that a ZAR wallet is funded only in rand. The bank-transfer article adds that deposits must come from a bank account registered in South Africa and that international deposits are reversed. Luno’s about page dates its service to 2013 and calls Luno an independent operating subsidiary of Digital Currency Group. Luno (Pty) Ltd’s registered address is in Cape Town; the group’s headquarters city is not stated on any official page we read.
FSCA licence status
Entry 173 of the FSCA’s March 2026 list shows LUNO (PTY) LTD with FSP number 53314, Category I & II, authorised for advice, intermediary services and investment management. Luno’s own licences page (last updated 21 March 2025) states the same FSP number. It adds that Luno (Pty) Ltd is a registered credit provider (NCRCP22123), a registered third-party payment provider and a Financial Intelligence Centre registrant (AI/130605/00024). It also says Luno acts as a juristic representative of Black Onyx CurrencyHub (Pty) Ltd (FSP 50850) in respect of derivatives. We found no derivatives product page for South African customers, so what that arrangement offers retail users is unknown.
How the fee tiers work in practice
Luno prices Exchange trades by 30-day volume in rand across 13 fee tiers and three pair classes. At Tier 1 (R0–R20,000):
- USDT/ZAR and USDC/ZAR: 0.20 % taker; makers receive a 0.01 % rebate.
- Other crypto/ZAR pairs (BTC/ZAR, ETH/ZAR and so on): 0.60 % taker / 0.40 % maker.
- Crypto/crypto pairs: 0.10 % taker / 0.08 % maker.
Tier 2 (R20,000–R200,000) trims crypto/ZAR to 0.50 % / 0.30 %; the crypto/ZAR maker rate reaches 0 % at Tier 7 and the top tier (over R300,000,000) charges 0.05 % taker on both ZAR classes. Buying or selling from the Portfolio screen costs 2 % each way; ZAR Supercoin is 0 % to buy and 3 % to sell. Staking keeps 20–40 % of rewards depending on the coin (20 % on ADA, 30 % on ETH, 35 % on DOT, NEAR, SOL and AVAX, 40 % on ATOM). Tokenised stocks cost 1 % per trade and bundles 1 % to buy or sell plus 2 % a year in rebalancing.
Cost assumptions: R10,000 in, R10,000 out
Published rates only; spread, price movement and bank charges are ignored.
- Deposit R10,000 by EFT: R0.
- Buy BTC/ZAR as a taker: 0.60 % = R60; as a maker: 0.40 % = R40; via the Portfolio screen: 2 % = R200.
- Buy USDT/ZAR as a taker instead: 0.20 % = R20.
- Sell later on the same basis: another R60, R40 or R200 (or R20 on USDT/ZAR).
- Withdraw by normal withdrawal: R0; express: R20.00 to an RTC bank or R80.00 otherwise.
A BTC/ZAR round trip therefore costs about R80 on the maker path, R120 on the taker path and R400 through the Portfolio screen; funding through the 1.4 % instant deposit adds R140.
Depositing rand
Bank transfer (EFT) to Luno’s Standard Bank account with your unique reference is free and unlimited; Luno charges nothing, though your bank may. Instant deposit through Stitch (FNB, Investec, Nedbank, Standard Bank, TymeBank) costs 1.4 % up to R100,000 per deposit and reflects within five minutes. Absa Pay costs 1.4 %, Capitec Pay 1.25 % under R1,000 or a flat R9.00 above, and Apple Pay 2.5 % for R50–R30,000. Cash deposits are prohibited by the terms.
Withdrawing rand to your bank
Rand goes only to a linked South African bank account in your own name. A normal withdrawal is free and reflects up to two business days after Luno processes it, sooner for Standard Bank customers. An express withdrawal arrives the same day for R20.00 if your bank is a real-time-clearing participant (Luno’s list includes Absa, Capitec, Discovery, FNB, GoTymeBank, Investec and Nedbank) or R80.00 if it is not. Standard Bank customers are not offered the express option, because Luno banks there. Luno’s express article says such withdrawals reflect in about 15 minutes between 08:00 and 17:45, Monday to Saturday, while its schedule allows up to 24 hours. Luno’s general withdrawal article says a fee is charged only if your bank charges Luno, while the South African fee page lists normal withdrawals as free; the confirmation screen shows the exact figure.
Crypto deposits and withdrawals
Receiving crypto is free (BTC receipts below 0.00000546 BTC incur a dust fee). Sending crypto carries a dynamic fee that combines the blockchain fee with Luno’s operational cost, shown before you confirm; XRP is fixed at 0.03 %. Send limits by verification level are USD 2,400 per 24 hours at Level 1, USD 12,000 at Level 2 and USD 120,000 at Level 3. The 30-day caps are USD 12,400, USD 60,000 and USD 600,000.
KYC walkthrough: the three verification levels
Luno accepts a South African national ID card (front and back), ID book, driver’s licence or valid passport; temporary IDs are not accepted. A colour selfie may be requested, and proof of residential address must be dated within three months. Level 1 allows R15,000 of deposits and R15,000 of withdrawals over the life of the account. Level 2 allows R50,000 of each per month, and a fully verified account has no rand limits. Luno says verification is usually automatic within minutes and can take a day or two if reviewed manually. Foreign residents need a passport, selfie, residence permit or visa and bank proof of address.
Product notes
Luno offers spot trading on the Exchange plus instant buy and sell, and staking on selected coins (ADA, DOT, ETH, NEAR, SOL, ATOM, AVAX). It also runs an OTC Desk for trades of USD 50,000 equivalent or more, tokenised stocks, bundles and prediction markets run by Limitless. No futures or margin product page for South Africa was found; the derivatives arrangement through FSP 50850 is unexplained on the pages we read.
Limitations and risks
Fees change without notice; Luno last edited the fee page on 29 September 2026, and we re-read it on 3 October 2026. Percentage rails and the 2 % instant screen cost several times the Exchange rate on small amounts. Crypto asset prices are volatile and an FSCA licence does not insure a balance. The general risk warning on this page applies.
What we could not verify
- The Luno group’s headquarters city.
- Whether any derivatives product is available to South African retail customers.
- Whether the instant buy and sell quote includes a spread beyond the published 2 %.
Next steps
See how Luno’s numbers line up against VALR’s in VALR vs Luno and read every fee line in Luno fees explained. Run your own amounts through the fee calculator, and follow the withdrawal guide when it is time to cash out. To see where it sits among the other platforms by situation, read best crypto exchanges in South Africa.
Changes we have recorded at Luno
Each change was seen on Luno’s own pages when we re-read them: the old value at one read, the new value at the next. All recorded exchange changes.
- Capitec Pay limit in the Capitec and Absa help article: Up to R150,000 per deposit → Up to R100,000 per deposit. Seen between 6 September 2026 and 3 October 2026 on Bank transfers from Capitec and Absa are not available (Luno Help Centre) (opens in a new tab).
Comparisons that include Luno
Each comparison puts the verified fields of two platforms in one table. Listed alphabetically; commissions do not affect the order.
- Bitget vs Luno vs VALR: Two licensed rand order books, Luno's and VALR's, against Bitget's bank-login rand rail, quoted rand conversion and subsidiary-held licence.
- Luno vs AltCoinTrader: Instant deposit rails, withdrawal costs and verification levels at two licensed exchanges that both take Capitec Pay.
- VALR vs Luno: Two FSCA-licensed rand order books: which is cheaper for your pair (BTC/ZAR or USDT/ZAR), and which deposit rails your bank can use.
Frequently asked questions
Is Luno FSCA licensed?
Yes. Luno (Pty) Ltd (registration 2013/075107/07) appears on the FSCA's March 2026 list of licensed crypto asset service providers as FSP 53314, Category I & II.
What are Luno's fees in South Africa?
0.40 % maker / 0.60 % taker on crypto/ZAR pairs and 0.20 % taker on USDT/ZAR and USDC/ZAR on the Exchange; 2 % for instant buy or sell; free EFT deposits and normal withdrawals; R20.00 express withdrawals to most banks.
Can Capitec customers use Luno?
Yes, but Luno states that Capitec and Absa customers cannot fund the account by ordinary EFT. They use Capitec Pay (R9.00 over R1,000, 1.25 % under) or Absa Pay (1.4 %) instead of the free EFT.
How we compare
We compare availability, licensing, fees, deposit and withdrawal methods and KYC requirements using official exchange documentation and regulator registers. Affiliate relationships never affect ranking or wording.
Risk warning
Crypto assets are volatile and you may lose all the money you put in. Platform availability, fees, licences and terms can change at any time and the information on this page may become outdated. Always verify terms directly with the provider before acting. This website does not provide personal financial advice.
Sources
Primary sources checked for this page. Accessed dates are shown next to each link.
- List of licensed crypto asset service providers – March 2026 (PDF) (opens in a new tab)
- Luno fees and limits in South Africa (opens in a new tab)
- Licenses and registrations (opens in a new tab)
- Terms of Use (South Africa) (opens in a new tab)
- FAIS disclosure notice (opens in a new tab)
- Which countries can I use my Luno account in? (opens in a new tab)
- How do I make a deposit via bank transfer in South Africa? (opens in a new tab)
- About Luno (opens in a new tab)
- PAIA manual (PDF) (opens in a new tab)
- How do I make an instant deposit in South Africa? (opens in a new tab)
- Express withdrawals for South African customers (opens in a new tab)
- How long until my withdrawal is processed? (opens in a new tab)
- How do I withdraw money from my Luno wallet? (opens in a new tab)
- Which identity documents are accepted for verification? (opens in a new tab)
- How do I verify my identity with Luno? (opens in a new tab)
- Proof of residential address - accepted documents (opens in a new tab)
- I'm a foreign resident, not a local citizen. Can I still open a Luno account? (opens in a new tab)
- Making large trades with the Luno OTC Desk (opens in a new tab)