Note
ZARU conversions are currently only available to Luno customers in South Africa.
Swap South African Rands (ZAR) for ZAR Universal (ZARU) instantly on Luno, and access institutional-grade ZAR on-chain at no cost and a guaranteed 1:1 exchange rate.
Why swap ZAR for ZARU?
- Zero fees: Swapping between ZAR and ZARU incurs no transaction costs or processing fees.
- 1:1 rate: Swaps are processed at a fixed 1:1 ratio (1 ZAR = 1 ZARU).
- Instant processing: Swaps execute instantly on Luno.
- On-chain flexibility: Holding ZARU allows you to utilise institutional ZAR on the blockchain.
- Earn 15% back with Luno Pay: Paying with ZARU when using Luno Pay earns you 15% back in Tether Gold (XAUT) on qualifying purchases (compared to 5% for other cryptos)
How to swap ZAR for ZARU
Follow these steps to convert your ZAR to ZARU (or swap back from ZARU to ZAR) using the standard Luno interface:
Swapping ZAR to ZARU
- Select Buy → Crypto → Select ZARU.
- Enter the amount of ZAR you want to swap.
- Set your source of funds to your ZAR wallet.
- Select Review quote.
- Confirm the 1:1 purchase price and 0% transaction costs, then Swipe to buy (or confirm) to complete the transaction.
Swapping ZARU back to ZAR
- Go to the Crypto tab, select ZARU, and tap Sell.
- Choose to sell your ZARU into Rands (ZAR).
- Enter the amount and select Review quote.
- Confirm the transaction details, then swipe/confirm to complete the swap.
Frequently asked questions
Are there any hidden costs or spread fees when swapping ZAR and ZARU?
No. Swapping between ZAR and ZARU is completely fee-free, with no hidden spread or processing costs.
Is there a waiting period for the swap to complete?
No. All conversions between ZAR and ZARU execute instantly within your Luno account.
How do I swap ZAR for ZARU using the Luno API?
Automated traders can swap ZAR ↔ ZARU programmatically using the /convert endpoint in the Luno API. For full request parameters and technical payload specifications, visit the official Luno API Developer.