Note
Customers in Kenya can buy Bitcoin, Ethereum, USD Coin and Tether with Shillings on the Luno Exchange.
Now that you’ve verified your identity and you’ve deposited Kenyan Shillings into your Luno account, you can buy or sell crypto on the Luno Exchange. This is also where you can convert crypto to Shillings in order to withdraw after you’ve transferred your crypto from another platform.
Here’s a step-by-step guide on how to buy or sell crypto on the Luno Exchange:
How to buy crypto
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Sign in to Luno
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On the menu (...), select Exchange on mobile or if you’re on the web, select Exchange on the home screen
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In the top left corner, you should see BTC/KES. Click on the dropdown arrow and select KES to view the crypto available to buy with Shillings
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Choose the crypto you’d like to buy
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Select the BUY button or tab, then choose Market (if you simply want to buy at the best available price)
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Enter the amount you’d like to buy
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Review your balance, cost and the fees you’ll pay
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If you’re happy, select BUY BTC
How to sell crypto
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Sign in to Luno
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On the menu (...), select Exchange on mobile or if you’re on the web, select Exchange on the home screen
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In the top left corner, you should see BTC/KES. Click on the dropdown arrow and select KES to view the available crypto/fiat pairs in Kenya
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Select the crypto you’d like to sell
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Select the SELL button or tab then choose Market (if you simply want to sell at the best available price)
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Enter the amount you’d like to sell
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Review your balance, cost and the fees you’ll pay
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If you’re happy, select SELL BTC
Tip
Learn more about the different order types available on the Luno Exchange.
How to convert crypto to Shillings
If you’ve transferred crypto from another exchange, you can convert it to Kenyan Shillings or to a different crypto. To convert your crypto into Shillings, all you have to do is follow the above steps to sell your crypto. When the funds arrive in your KES wallet on the Luno app, you’ll be able to withdraw them.
Tip
If you’d like to explore the Luno Exchange in more detail, you can learn more about the Luno Exchange interface and how the Exchange works.
Want to find out how to deposit or withdraw from your Luno account? Check out these help centre articles:
Frequently asked questions
The trading limits for buying or selling crypto with KES are as follows:
|
Crypto/fiat pairs |
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|
Crypto/fiat |
Volume |
Price |
|
BTC/KES |
BTC 0.00001 - BTC 10.00 |
KSh 100,000 - KSh 1,000,000,000 |
|
ETH/KES |
ETH 0.00001 - ETH 100 |
KSh 10,000 - KSh 100,000,000 |
|
USDC/KES |
USDC 0.10 - USDC 1,000,000 |
KSh 10.00 - KSh 100,000 |
|
USDT/KES |
USDT 0.10 - USDT 1,000,000 |
KSh 10.00 - KSh 100,000 |
Tip
Read this article to view Luno’s fees and limits in Kenya.
When placing an order in the Luno exchange, the fees are displayed on the BUY or SELL screen.
Luno's trading fees are based on a "maker-taker" model. The fee you pay depends on how much you’ve traded over the past 30 days and the type of order you place. The two types of orders are maker or taker orders.
Maker Orders are orders that don't execute immediately because your order sits in the market, waiting for someone to match it. For example, if you place a limit order to buy Bitcoin at a price lower than the current market price, it becomes a maker order.
Taker Orders are orders that execute immediately by matching existing orders in the order book, taking an existing order off the market. For instance, if you place a market order to buy Bitcoin at the best available price, it's a taker order.
Tip
Read this article for more about the fees for trading on the Luno Exchange and exchange tiers and fees in Kenya.