Transfer in

Once you’ve created your Savings wallet, it’s easy to transfer crypto in at any time. There are no fees for transferring in.

Here's how

Sign in to your Luno account on the web or mobile app, and follow these steps:

  1. From the menu, select Wallets, and then your Savings wallet from the SAVINGS section

  2. Depending on the Savings wallet/s that you have, select either BTC IN, ETH IN or USDC IN from the options at the top

  3. On the How much do you want to transfer in? screen, enter the amount of crypto that you’d like to transfer in, and then select NEXT

  4. On the next screen, if you’re happy with the amount, select CONFIRM

  5. On the transfer confirmation screen, select DONE

Mission success! You’ll start earning interest on the crypto you’ve transferred in the very next day.


Note:

It usually takes a few minutes for your crypto to transfer to your Savings wallet, but it could take longer. As soon as your crypto arrives in your savings wallet, we’ll notify you via email and push notification (if you have it enabled).


Tip:

Find out more about the interest that’s paid on your Savings wallet here.


Transfer out

While your savings wallet is intended for long-term investing, the interest you’ve earned is yours, to do with as you please. You can transfer the crypto in your Savings wallet - including the interest you’ve been paid - out to your crypto wallet, at any time. There are no penalties or hidden fees when transferring out.


Note:

Transfers out of your Savings wallet usually complete the next day, but can potentially take up to 7 days if we have to process large volumes, as we will recall funds from our lending partner. You’ll continue to earn interest on the funds while your transfer out is in a pending state.


Here's how

  1. On your Savings wallet main screen, depending on the Savings wallet/s that you have, select either BTC OUT, ETH OUT or USDC OUT from the options at the top

  2. On the next screen, enter the amount that you’d like to transfer out, and select NEXT

  3. On the confirmation screen, if you’re happy to go ahead, select CONFIRM

  4. On the final screen, select DONE

Mission success! You’ve transferred crypto out of your Savings wallet.