If you’ve used the Luno Exchange before, when you sign-in to your Luno account the default Home screen will be presented to you as the Luno Exchange. Follow these steps to switch it back: 

1. Tap Profile from the Menu

2. Scroll down to Exchange

3. Toggle “Make Exchange” off to switch back.

For further reading about how the Luno Exchange works, read our Help Centre article if you’d like to learn more. The Luno Exchange interface consists of the following components:

  • Order book

  • Candle/line/depth charts

  • Recent trades list

  • Buy/sell order form

  • Open/completed orders list

  • Currency pairs

The order book

The order book lists the current limit orders resting in the market. Red represents sell orders (or asks) and green represents buy orders (or bids). As traders place buy and sell orders in the market at different prices, the order book is updated. Orders are executed when prices match and the market price is determined. When you view the order book, the spread represents the difference between the highest bid and the lowest ask.

Charts

There are four chart views you can toggle between.

1. The candle chart depicts price range movements during specified time periods

2. The depth chart is a graphical representation of the pending limit orders in the order book

3. The line chart is a simpler representation of price movement over time

4. Tradingview, currently available when using the Luno Exchange on web, which gives you the ability to customise your exchange experience to your liking. Read more about customising Tradingview here.

Recent trades

The recent trades section lists, chronologically the most recent trades executed in the market. The three columns represent the time, price and volume of each trade.

The order form

The dynamic order form is used for placing orders. When an order is placed, it goes to the order book and the open orders list. Once the order is matched (or partially matched) it will be listed in the Recent Trades section tab.

If you click on a sell order in the order book, the order form will auto-complete to match those orders and buy the BTC available up to the specific ask price. Similarly, if you click on a buy order in the order book, the order form will auto-complete to match those orders and sell your BTC down to the specific bid price.

Open orders

Once you've placed a limit order, it will be displayed in the Open Orders section. From here you can stop these orders if they have not yet executed.

Completed orders

Switching to the Completed Orders view allows you to view your own trade history.

Currency pairs

When using the Luno Exchange, you’re able to switch between different currency pairs based on the country you’ve been verified to use Luno in. For example, if you’ve been verified to use Luno in South Africa, you will have the option to toggle the currency pairs, for example, BTC/ZAR, ETH/BTC and ETH/ZAR. To change a currency pair on the Luno Exchange, open the app and tap the home screen with Exchange view enabled. You can use the currency pair selector at the top-left corner of the screen. 


Related articles

How does a limit order work and what are “maker” and “taker” orders?

What are the fees for trading on the Luno exchange? 

How does the Luno Exchange work?

How does order matching work?