How to Sell Bitcoin on Luno App
1. Open the Luno App
Start by launching the Luno app on your smartphone. If you haven’t already, log in using your credentials.
2. Navigate to the Wallet Section
Once you’re logged in, go to the “Wallet” section. This is where you’ll find your Bitcoin balance and other cryptocurrencies you may have.
3. Select Bitcoin
In your wallet, select Bitcoin from the list of cryptocurrencies. You should see an overview of your Bitcoin balance.
4. Tap on 'Sell'
Click on the 'Sell' button. This will take you to the sell interface where you can enter the amount of Bitcoin you wish to sell.
5. Enter the Amount
Specify how much Bitcoin you want to sell. You can choose to sell a specific amount in Bitcoin or in your local currency, depending on the options available.
6. Choose the Payment Method
Luno will prompt you to select how you want to receive your funds. Options usually include bank transfer or a local payment method available in your region.
7. Review the Transaction
Before finalizing the sale, review the transaction details. Check the amount of Bitcoin you’re selling, the exchange rate, and the total amount you’ll receive.
8. Confirm the Sale
If everything looks correct, confirm the sale. Luno will process the transaction and transfer the funds to your chosen payment method.
9. Check Your Balance
After the sale is complete, check your wallet balance and ensure that the funds have been credited to your account.
10. Monitor the Transaction
You can track the status of your transaction in the “Transaction History” section of the app. This will provide you with details about the transaction and its status.
By following these steps, you can easily sell Bitcoin on the Luno app and manage your cryptocurrency transactions efficiently.
Important Tips:
- Verify your identity: Ensure that your Luno account is verified to avoid any issues with selling your Bitcoin.
- Be aware of fees: Check the fees associated with selling Bitcoin on Luno to understand how they might affect your transaction.
- Stay updated: Keep an eye on Bitcoin market trends as they can affect the selling price.
With these guidelines, you should be able to navigate the process of selling Bitcoin on the Luno app with confidence.
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