How to Buy and Sell Bitcoin on the Luno App

Buying and selling Bitcoin on the Luno app is a straightforward process designed for ease of use, especially for beginners. To get started, first download the Luno app from the App Store or Google Play Store and create an account. You’ll need to verify your identity, which typically involves providing some personal information and uploading identification documents. Once your account is set up and verified, you can deposit funds into your Luno wallet. Luno supports various deposit methods, including bank transfers and credit cards, depending on your location.

Once you have funds in your wallet, you’re ready to buy Bitcoin. Navigate to the 'Buy' section of the app and select Bitcoin as your desired cryptocurrency. Enter the amount you wish to purchase and confirm the transaction. The Bitcoin will then be credited to your Luno wallet.

To sell Bitcoin, go to the 'Sell' section of the app. Select Bitcoin, enter the amount you want to sell, and choose your payment method. Luno will provide you with the current market price, and after confirming the transaction, the funds will be transferred to your linked bank account or Luno wallet, depending on your chosen method.

Remember to keep an eye on transaction fees, which may vary depending on your payment method and location. Also, consider the market conditions, as Bitcoin prices can be highly volatile. It's always a good idea to do thorough research and stay informed about market trends before making significant transactions. By following these steps, you'll be well on your way to buying and selling Bitcoin on the Luno app with confidence.