Before making a deposit, you must first verify your identity. Next, ensure that your unique reference number (or in some countries, your unique deposit amount) is 100% correct before you make a deposit. Include your BX reference number for bank transfers. 

Please note that we do not accept deposits from international or third-party bank accounts, payments must be made in your own name which has been verified with Luno. 

It may take up to two business days for your deposit to reflect in your local currency wallet before you can buy cryptocurrency. You can view how long it takes for your country here. Bank deposits are not processed on weekends or public holidays.

Depositing money into your Luno wallet

Depositing money into your Luno wallet is easy. Follow the steps below and you’re good to go.

1. Sign-in to the Luno app

2. Tap Wallets on the Menu

3. Select Deposit on your local currency wallet

4. Follow the steps presented to you. The next screen will let you choose between the available deposit methods and guide you through the process

How long does this deposit method take?

Deposit allocation times depend on your country and on which day of the week the deposit was made. All deposits are allocated as soon as Luno receives them, but in some countries it may take longer for the money to reflect. You can review our deposit schedule for more details.

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