Luno is a cryptocurrency exchange platform that allows users to buy, sell, and store cryptocurrencies. It provides an easy-to-use interface for users to trade in Bitcoin, Ethereum, and other cryptocurrencies. One of the key features of Luno is its ability to send and receive Bitcoin. In this article, we will discuss how to send Bitcoin on Luno.
Step 1: Create a Luno account
First, you need to create a Luno account. This involves providing your personal information, such as your name, email address, and phone number. You will also need to verify your identity by providing a government-issued ID.
Step 2: Add Bitcoin to your Luno wallet
To send Bitcoin on Luno, you need to have Bitcoin in your Luno wallet. You can add Bitcoin to your Luno wallet by buying it from Luno or by transferring it from another Bitcoin wallet.
To buy Bitcoin from Luno, select the “Buy” option on the main menu and follow the on-screen instructions. You can buy Bitcoin using your bank account or credit card.
To transfer Bitcoin from another wallet, you need to obtain your Luno Bitcoin wallet address. This can be found by selecting the “Wallets” option on the main menu and selecting the “Receive” option under the Bitcoin wallet. Once you have the address, you can transfer Bitcoin from another wallet to your Luno wallet.
Step 3: Select the “Send” option
To send Bitcoin on Luno, select the “Send” option on the main menu. This will take you to a page where you can enter the recipient’s Bitcoin address and the amount of Bitcoin you want to send.
Step 4: Enter the recipient’s Bitcoin address
Enter the recipient’s Bitcoin address in the “To” field. This is the address where the Bitcoin will be sent. It is important to ensure that you enter the correct address, as Bitcoin transactions are irreversible.
Step 5: Enter the amount of Bitcoin you want to send
Enter the amount of Bitcoin you want to send in the “Amount” field. You can either enter the amount in Bitcoin or in your local currency. Luno will automatically convert the amount into Bitcoin.
Step 6: Review the transaction details
Review the transaction details to ensure everything is correct. This includes the recipient’s Bitcoin address, the amount of Bitcoin to be sent, and the transaction fee.
Step 7: Confirm the transaction
Once you have reviewed the transaction details, click on the “Send” button to confirm the transaction. Luno will prompt you to enter your password to confirm the transaction.
Step 8: Wait for the transaction to be confirmed
After you have confirmed the transaction, you will need to wait for it to be confirmed by the Bitcoin network. This can take anywhere from a few minutes to a few hours, depending on the network congestion.
In conclusion, sending Bitcoin on Luno is a simple process that can be completed in a few easy steps. However, it is important to ensure that you enter the correct recipient’s Bitcoin address and review the transaction details before confirming the transaction. With Luno, you can send Bitcoin to anyone, anywhere in the world, quickly and securely.