Luno has a maker/taker fee structure for customers who trade using the Luno Exchange. Before we explain the fees applicable to trading using the exchange, please make sure you understand how limit orders work and what “maker” and “taker” orders are.
Your fee is determined by your trade volume over the last 30 days, excluding the current day. Your 30-day total trade volume is calculated by our system each day at midnight, 00h00 GMT.
Tip
Please take a look at the fee schedule for your country.
Your total 30-day trade volume, and your current fee bracket, is shown on the My Orders screen.
How does it work?
Let’s use a person named Sara as an example to work with.
Sara is based in South Africa and trades BTC/ZAR. Her total trading volume for the past 30 days adds up to R16 million. This puts her in Tier 6, so her fees look like this:
When she places taker orders that execute immediately, she will be charged 0.15%. When she places maker orders that are pending in the order book, she will be charged 0.06%.
Now, Sara trades an additional R4 million. At midnight, Sara’s total 30-day trading volume is recalculated by the system to be R20 million. Tomorrow, Sara will be promoted to Tier 7, so her fees will look like this:
When she places taker orders that execute immediately, she will now be charged 0.10%. When she places maker orders that are pending in the order book that are executed at a later stage, she won’t pay any fees.
At midnight, Sara’s 30-day trade volume will be recalculated.
Tip
For more information about the applicable fees when buying cryptocurrency, read our fees and transaction limits.