Customers in Kenya are currently unable to buy or sell from the Portfolio screen. You will need to buy or sell crypto on the Luno Exchange instead.
Selling your crypto is simple as choosing the crypto you want to sell, the currency you want to sell for and entering the amount you want to sell. When you’re ready, follow the steps in this article.
Here's how to sell your crypto
Sign in to your Luno account, then:
-
Select Portfolio from the menu
-
Select SELL
-
Choose the crypto you want to sell
-
Choose the currency (local currency or crypto) you want to sell for
Note
Customers in Malaysia and Indonesia can only sell crypto for local currency (fiat). Crypto-to-crypto conversions and transactions are not available.
-
Enter the amount you want to sell and select NEXT
-
Review the transaction details, including the service charge fee, then select CONFIRM if you’re happy
-
If you’re using the Luno app, you’ll need to enter your Luno PIN to finalise the transaction
That’s it! You’ve sold some crypto.
Tip
Did you know Luno has a price alerts feature? You can set this up to notify you if your crypto reaches a price that you were looking to sell it for.
Frequently asked questions
Yes, you’ll pay a service charge fee when you sell crypto. This is a dynamic fee that varies depending on how much you’re selling and what the current market conditions are. You’ll see the exact service charge before you confirm any transaction. Learn more about the service charges and limits for buying and selling cryptocurrency with Luno.
When you sell crypto, certain limits apply. You’ll need to make sure you’re selling an amount above the minimum limit and below the maximum limit. Follow the link to find the maximum and minimum limits for all our currencies.
You’ll only be able to choose from cryptocurrencies that you’ve already created a wallet for. We’ve put together some detailed steps to help you sell one crypto for another.
Tip
Check out this article if you’d like to withdraw funds to your bank account after you’ve sold crypto.