Luno fees and limits in Nigeria

The following fees and limits apply for Luno accounts verified in Nigeria.

Deposits and withdrawals

Deposit fees and limits

Method	Payment provider fee (excl. VAT)	Maximum limit per transaction
Bank transfer	2% (capped at ₦1,200)	₦10 million
Voucher deposits	For deposit amounts up to ₦5M: 2% (capped at ₦2,000) For deposit amounts over ₦5M: ₦3,000	₦10 million

More info

Bank transfer: You’ll be charged a 2% payment provider fee per deposit capped at ₦1,200 (excl. VAT). The final amount you receive in your account is after the payment provider has deducted VAT.
Voucher deposits: You’ll be charged a 2% provider fee capped at ₦2,000 (excl. VAT) per deposit up to ₦5 million. For deposits over ₦5 million (up to ₦10 million), you will be charged a provider fee of ₦3,000 (excl. VAT). The final amount you receive is after the payment provider has deducted VAT.
The limits above are per transaction, and may vary depending on your verification level. You’ll see your limit when entering the amount you want to deposit.

Tip

Learn more about bank transfers and voucher deposits.

Withdrawal fees and limits

Method	Payment Provider Fee	Limits
Bank transfer	₦500 (excl. VAT)	₦0 - ₦10 million

More info

You’ll be charged a ₦500 provider fee (excl. VAT) per withdrawal up to ₦10,000,000. The final amount you receive in your account is after the provider has deducted VAT.
The withdrawal fee is deducted from your NGN wallet if it has a sufficient balance. If there aren’t enough funds in your NGN wallet to cover the withdrawal fee, the fee will be deducted from the withdrawn amount instead.
The limits above are per transaction, and may vary depending on your verification level. You’ll see your limit when entering the amount you want to withdraw.

Tip

Learn more about voucher deposits.

Verifications levels and limits

You can find out what verification level you’re on by going to your Profile and selecting Settings. Under Verification, you’ll see Level 1, Level 2, or Fully verified.

The following deposit and withdrawal limits apply for each verification level:

Level 1	Level 2	Fully verified
Deposits over all time: ₦ 200,000 Withdrawals over all time: ₦ 200,000	Deposits per month: ₦ 500,000 Withdrawals per month: ₦ 500,000	No limits

Tip

If you need to upgrade your verification level, go to Profile, Settings, then select Verification. Follow the prompts from there.

Buying and selling crypto

Instant buying or selling

These fees and limits apply when you buy or sell crypto from the Portfolio screen.

They do not apply to transactions on the Luno Exchange.

Fees

Transaction type	Fee
Buying crypto	2%
Selling crypto	2%

Limits

These limits are applied per transaction. There is no limit on the number of transactions you can make.

Currency	Minimum - Maximum Limits
NGN	₦ 50.00 - ₦ 60,000,000
AAVE	AAVE 0.001 - AAVE 400
ADA	ADA 0.10 - ADA 65,000
ALGO	ALGO 20.00 - ALGO 150,000
APE	APE 2.50 - APE 9,000
ARB	ARB 3.50 - ARB 14,000
ATOM	ATOM 0.25 - ATOM 4,000
AVAX	AVAX 0.05 - AVAX 1,000
AXS	AXS 0.05 - AXS 2,000
BCH	BCH 0.001 - BCH 40.00
BTC	BTC 0.000025 - BTC 1.00
CRV	CRV 10.00 - CRV 60,000
DOGE	DOGE 0.20 - DOGE 100,000
DOT	DOT 0.30 - DOT 5,000
ETH	ETH 0.001 - ETH 100
FTM	FTM 0.10 - FTM 20,000
GRT	GRT 10.00 - GRT 40,000
HBAR	HBAR 20.00 - HBAR 80,000
IMX	IMX 2.00 - IMX 10,000
INJ	INJ 0.10 - INJ 700
JUP	JUP 1.50 - JUP 14,000
LINK	LINK 0.05 - LINK 1,000
LTC	LTC 0.001 - LTC 200
MATIC	MATIC 1.00 - MATIC 45,000
MKR	MKR 0.001 - MKR 20
NEAR	NEAR 0.01 - NEAR 2,000
ONDO	ONDO 1.00 - ONDO 9,000
OP	OP 1.50 - OP 6,000
RENDER	RENDER 0.0005 - RENDER 1,500
SAND	SAND 0.20 - SAND 65,000
SNX	SNX 1.00 - SNX 3,500
SOL	SOL 0.05 - SOL 400
TIA	TIA 0.25 - TIA 2,800
TRX	TRX 20.00 - TRX 100,000
UNI	UNI 0.10 - UNI 2,000
USDC	USDC 1.00 - USDC 100,000
USDT	USDT 1.00 - USDT 100,000
XLM	XLM 20.00 - XLM 300,000
XRP	XRP 0.10 - XRP 80,000

Exchange tiers and fees

The fee you pay when buying or selling crypto on the Luno Exchange depends on your total 30-day trading volume, and whether you’re placing a maker order or a taker order.

Your tier (NG) is calculated once per day by summing up all of your trading activity across all markets on the Luno Exchange platform over the last 30 days (converted to your primary currency). You are then assigned a fee tier based on this total 30-day volume according to the table below.

A taker order is an order that trades at market price. A maker order trades at a limited price.

We have special fees and rebates for USDT/NG and USDC/NG pairs. If you trade these pairs, the stablecoin pair pricing below applies.

		Normal pricing		Stablecoin pair pricing
No.	Tier (NG)	Taker	Maker	Taker	Maker
1	₦0 - ₦750,000	0.60%	0.40%	0.10%	0.01% rebate
2	₦750,000 - ₦3,800,000	0.50%	0.30%	0.10%	0.01% rebate
3	₦3,800,000 - ₦7,500,000	0.40%	0.20%	0.10%	0.01% rebate
4	₦7,500,000 - ₦38,000,000	0.30%	0.10%	0.10%	0.01% rebate
5	₦38,000,000 - ₦75,000,000	0.20%	0.08%	0.10%	0.01% rebate
6	₦75,000,000 - ₦230,000,000	0.15%	0.06%	0.10%	0.01% rebate
7	₦230,000,000 - ₦380,000,000	0.10%	0%	0.10%	0.01% rebate
8	₦380,000,000 - ₦540,000,000	0.09%	0%	0.09%	0.01% rebate
9	₦540,000,000 - ₦840,000,000	0.08%	0.01% rebate	0.08%	0.01% rebate
10	₦840,000,000 - ₦1,700,000,000	0.07%	0.01% rebate	0.07%	0.01% rebate
11	₦1,700,000,000 - ₦3,380,000,000	0.06%	0.02% rebate	0.06%	0.02% rebate
12	Over ₦3,380,000,000	0.05%	0.02% rebate	0.05%	0.02% rebate

Tip

Learn more about crypto trading fees on the Luno Exchange.

Exchange trading limits

When placing an order on the Luno Exchange, each currency pair (or market) has minimum and maximum volumes and prices you can set.

Volume refers to the size of the order you can place, applicable to all order types.

Price refers to the range within which you can specify the price for an order. It does not apply to market orders, which are automatically set at the current market price.

Crypto/crypto pairs

Market

Volume

Price

AAVE/BTC

AAVE 0.01 -

AAVE 10,000

BTC 0.0001 -

BTC 1.00

ADA/BTC

ADA 1.00 -

ADA 1,000,000

BTC 0.000001 -

BTC 0.01

ALGO/BTC

ALGO 1.00 -

ALGO 100,000

BTC 0.000001 -

BTC 0.01

ATOM/BTC

ATOM 1.00 -

ATOM 100,000

BTC 0.00001 -

BTC 0.10

AVAX/BTC

AVAX 0.01 -

AVAX 10,000

BTC 0.0001 -

BTC 1.00

BCH/BTC

BCH 0.01 -

BCH 100.00

BTC 0.0001 -

BTC 1.00

BTC/USDC

BTC 0.0005 -

BTC 100.00

USDC 100.00 -

USDC 1,000,000

BTC/USDT

BTC 0.0005 -

BTC 100.00

USDT 100.00 -

USDT 1,000,000

CRV/BTC

CRV 1.00 -

CRV 1,000,000

BTC 0.000001 -

BTC 0.01

DOGE/BTC

DOGE 10.00 -

DOGE 10,000,000

BTC 0.0000001 -

BTC 0.001

DOT/BTC

DOT 1.00 -

DOT 100,000

BTC 0.00001 -

BTC 0.10

ETH/BTC

ETH 0.01 -

ETH 1,000

BTC 0.0001 -

BTC 1.00

ETH/USDC

ETH 0.001 -

ETH 1,000

USDC 10.00 -

USDC 1,000,000

ETH/USDT

ETH 0.00007 -

ETH 100.00

USDT 100.00 -

USDT 1,000,000

FTM/BTC

FTM 1.00 -

FTM 100,000

BTC 0.000001 -

BTC 0.01

GRT/BTC

GRT 1.00 -

GRT 100,000

BTC 0.000001 -

BTC 0.01

INJ/USDT

INJ 0.001 -

INJ 10,000

USDT 1.00 -

USDT 10,000

LTC/BTC

LTC 0.001 -

LTC 10,000

BTC 0.000001 -

BTC 0.10

MATIC/BTC

MATIC 1.00 -

MATIC 1,000,000

BTC 0.000001 -

BTC 0.01

MKR/BTC

MKR 0.001 -

MKR 100.00

BTC 0.001 -

BTC 10.00

NEAR/BTC

NEAR 1.00 -

NEAR 100,000

BTC 0.000001 -

BTC 0.01

SAND/BTC

SAND 1.00 -

SAND 1,000,000

BTC 0.0000001 -

BTC 0.001

SNX/BTC

SNX 1.00 -

SNX 100,000

BTC 0.000001 -

BTC 0.01

SOL/ADA

SOL 0.001 -

SOL 10,000

ADA 1.00 -

ADA 10,000

SOL/BTC

SOL 0.01 -

SOL 10,000

BTC 0.0001 -

BTC 1.00

SOL/USDT

SOL 0.001 -

SOL 10,000

USDT 1.00 -

USDT 10,000

SOL/XRP

SOL 0.001 -

SOL 10,000

XRP 1.00 -

XRP 10,000

TRX/BTC

TRX 1.00 -

TRX 100,000

BTC 0.000001 -

BTC 0.01

USDC/USDT

USDC 0.10 -

USDC 1,000,000

USDT 0.10 -

USDT 1,000

XLM/BTC

XLM 1.00 -

XLM 100,000

BTC 0.000001 -

BTC 0.01

XRP/BTC

XRP 1.00 -

XRP 100,000

BTC 0.000001 -

BTC 0.0001

XRP/USDT

XRP 0.10 -

XRP 1,000,000

USDT 0.01 -

USDT 100.00

Crypto/fiat pairs

Market

Volume

Price

AAVE/NGN

AAVE 0.001 -

AAVE 10,000

₦1,000 -

₦1,000,000

ADA/NGN

ADA 0.10 -

ADA 500,000

₦10.00 -

₦100,000

ALGO/NGN

ALGO 0.10 -

ALGO 100,000

₦ 10.00 -

₦ 100,000

ATOM/NGN

ATOM 0.10 -

ATOM 1,000

₦100.00 -

₦1,000,000

AVAX/NGN

AVAX 0.001 -

AVAX 1,000

₦1,000.00 -

₦10,000,000

BTC/NGN

BTC 0.00002 -

BTC 90.00

₦10.00 -

₦1,000,000,000

CRV/NGN

CRV 0.10 -

CRV 100,000

₦10.00 -

₦100,000

DOGE/NGN

DOGE 10.00 -

DOGE 10,000,000

₦10.00 -

₦100,000

DOT/NGN

DOT 0.10 -

DOT 1,000

₦100.00 -

₦1,000,000

ETH/NGN

ETH 0.001 -

ETH 200.00

₦5,000 -

₦30,000,000

FTM/NGN

FTM 0.10 -

FTM 100,000

₦10.00 -

₦100,000

GRT/NGN

GRT 0.10 -

GRT 10,000

₦10.00 -

₦100,000

INJ/NGN

INJ 0.001 -

INJ 10,000

₦1,000 -

₦10,000,000

LINK/NGN

LINK 0.10 -

LINK 10,000

₦100.00 -

₦1,000,000

LTC/NGN

LTC 0.001 -

LTC 10,000

₦1,000 -

₦1,000,000

MATIC/NGN

MATIC 0.10 -

MATIC 500,000

₦10.00 -

₦100,000

MKR/NGN

MKR 0.0001 -

MKR 100.00

₦100,000 -

₦100,000,000

NEAR/NGN

NEAR 0.10 -

NEAR 100,000

₦10.00 -

₦100,000

SAND/NGN

SAND 0.10 -

SAND 1,000,000

₦10.00 -

₦100,000

SNX/NGN

SNX 0.10 -

SNX 100,000

₦ 10.00 -

₦ 100,000

SOL/NGN

SOL 0.001 -

SOL 1,000

₦1,000 -

₦10,000,000

TRX/NGN

TRX 0.10 -

TRX 100,000

₦10.00 -

₦100,000

UNI/NGN

UNI 0.10 -

UNI 10,000

₦100.00 -

₦1,000,000

USDC/NGN

USDT 0.10 -

USDT 1,000,000

₦1.00 -

₦10,000

USDT/NGN

USDC 0.10 -

USDC 1,000,000

₦1.00 -

₦10,000

XLM/NGN

ALGO 0.10 -

ALGO 100,000

₦10.00 -

₦100,000

XRP/NGN

XRP 1.00 -

XRP 100,000

₦1.00 -

₦10,000

Bundles

Bundle fees and limits

The Luno Large Cap bundle is a collection of some of the largest cryptocurrencies. It automatically rebalances once per quarter to reflect market changes. Here are the fees and limits involved:

Fees

Fee type	Fee
Bundle buy fee	1%
Bundle sell fee	1%
Bundle rebalancing fee	2% per annum (charged quarterly)

Note

When you sell your bundle, the sell fee is combined with the pro rata rebalancing fee. In other words, you’ll pay 1% of the amount being sold, plus whatever portion of the 2% rebalancing fee has accrued by the time you sell.

Limits

Transaction	Limit per transaction
Buying or topping up your bundle	₦ 2,500 - ₦ 3,600,000
Selling your bundle	₦ 2,500* - ₦ 3,600,000

* If you’re selling your whole bundle, there is no minimum (you’re able to sell it even if your bundle balance is less than ₦ 2,500).

Tip

Learn more about investing in a bundle and bundle fees.

Sending and receiving crypto

Send fees

Luno charges a dynamic fee for crypto sends. The only exceptions to this are:

XRP, which has a fixed 0.03% send fee
USDT sent on Tron, which has a fixed $0.90 send fee

You’ll always see the exact fee amount before confirming you want to proceed with the transaction.

Dynamic fee explanation

Blockchain fees, which are not controlled by Luno, increase and decrease depending on how much demand there is on that blockchain.
Your dynamic send fee is calculated based on the up-to-date blockchain fee, plus Luno’s operational costs for processing your transaction.
During periods of high demand, when the blockchain fee increases, the fee you pay for sending crypto increases as well. If the fee were too low, your transaction could become delayed – or even stuck indefinitely – while the blockchain’s nodes validate all the other transactions that paid them more.

Tip

Follow these links to learn more:

Send limits

Luno may limit the amount of cryptocurrency you can send during 24-hour and 30-day rolling periods.

These limits form part of our anti-financial crime measures, and they are in line with best practices in the industry.

Note

Send limits are tailored and dynamic in nature. The table below shows the general bandwidths of limits, which are based on your identity verification level. Your actual send limit may be different.

24-hour limit

30-day limit

Level 1

Maximum of USD 2,400

Level 2

Maximum of USD 12,000

Level 3

Maximum of USD 120,000

Level 1

Maximum of USD 12,400

Level 2

Maximum of USD 60,000

Level 3

Maximum of USD 600,000

US dollar amounts are converted to the equivalent crypto that you’ve selected.

Tip

Learn more about crypto send limits.

Receive fees

It's free to receive cryptocurrency, with one exception:

We charge a nominal fee if you receive “dust” – a tiny amount of crypto, usually much lower than minimum buy or sell amounts
This fee combats dusting attacks, where attackers send small amounts to many wallet addresses in an attempt to de-anonymise them