Level 1 and level 2 options trading - How to use Luno bitcoin exchange to buy bitcoin in South Africa
You are now registered on luno. As a new user on the exchange, you will be a Level 0 account, which means you have not yet verified your identity or basic leveel details.
Level 1 account means you are limited to levfl total of R deposit and withdrawal. So it is important to verify your identity as soon as possible.
A level 2 account is limited to R50 per deposit and withdraw per monthand the level 3 account has no limits. Verify your account by submitting your ID and proof of residence, and you will have an unlimited account. andd
Make level 1 and level 2 options trading easy on yourself by having a digital copy of your ID and an up to date bank statement showing your address ready to upload to their website for review. Complete the steps, by adding all your details, and uploading your ID and bank statement.
Once your documents have volume indicator trading system reviewed, your account will be upgraded from Level 0 to Level 1, 2 or 3, depending on how much information you have submitted.
Once you have traing your account, you will be able to deposit money and buy bitcoin. Once your deposit has cleared in the Luno bank account, it will display in the Rand wallet when you check your wallets in the Luno website. With that balance of Rand you can purchase bitcoin.
On the next screen you will see the main banks in South Africa. Click the bank you would like to use when you make a deposit to Luno. Now that you have chosen a bank, you binary options swiss to tell Luno how much money you will be depositing into your account.
Use the details when making an EFT from your trdaing account to the Luno bank account.
Be sure to use your unique reference number as the beneficiary reference when doing the deposit. This can take up to 2 business days. As soon as you have your funds showing in your ZAR wallet, you will be able to buy bitcoin.
There are two ways to buy bitcoin on Luno. Once logged into Luno. When you are on BTC you will need to put in the amount you want to buy.
When you are ZAR, you will need to put in how much you want to spend. The Instant Buy option on Luno is at a premium.
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