With your Luno wallet, you have the ability to send and receive cryptocurrency. You can also add an Ethereum wallet in a few easy steps.
Once we know a little bit more about you (aka confirming your identity), customers from our supported countries can add an Ethereum (ETH) wallet to their Luno account. You’ll then be able to buy, sell, store, send and receive ETH.
Open the Luno app and sign in
Tap Wallets from the menu
Select Add Crypto
Choose Ethereum from the options
Select Create Wallet
Once you’ve added your ETH wallet, you’ll be able to:
Buy or sell Ethereum
Frequently asked questions
What is GAS?
Gas is a price unit used in the completion of Ethereum transactions. It measures the amount of work an action on the Ethereum blockchain is required to perform.
When it comes to paying for gas, the transaction fee is charged in the form of an amount of ether, which is used to compensate miners for block production.
Is there a minimum Gas limit when sending ETH to my Luno wallet?
Yes. Luno receive addresses require a minimum of ~32k gas to ensure that your ETH is successfully and promptly received to your Luno wallet.
Sending ETH to a Luno receive address with less than ~32k gas will result in a failed transaction, in which case the ETH will be returned to the sender.
The gas used is unrecoverable - please contact the wallet provider you're sending from for further details.
ERC20 and the dangers of sending them to Luno
Receiving any unsupported cryptocurrency, such as ERC20 tokens to your Luno ETH wallet, will result in the loss of those tokens.
Luno is unable to recover any unsupported cryptocurrency or tokens sent to your receive address.
The reason for this is because Luno customer ETH receive addresses are very simple smart contracts only designed to forward ETH to Luno’s internal wallets. They’re not designed to support ERC20 tokens. Since it’s a smart contract, the private key does not exist, making recovering ERC20 tokens impossible.
EIP55 compatible addresses: Why does it say the address is invalid?
There are two types of Ethereum addresses:
Checksummed addresses: 0x416299AAde6443e6F6e8ab67126e65a7F606eeF5
Legacy addresses: 0x416299aade6443e6f6e8ab67126e65a7f606eef5
Both of these examples represent the same address, however, the difference is that the checksummed address contains mixed-case characters while the legacy address is lowercase only.
For safety reasons, we only accept checksummed addresses, so you may get an error message when attempting to use non-checksummed addresses.
An easy way to get around this is to follow the steps below:
Copy the wallet address you want to send to
Paste the address in the search bar on the top right-hand side of the screen and click search
The wallet address is now displayed as a valid EIP55 address - with upper and lower case letters
Copy the wallet address, paste it back into the Luno app, and hit send