How to Withdraw Money from Luno

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How to Withdraw Money from Luno
Image Source: Luno.com

Can I withdraw money from Luno to bank account? How do I withdraw from Luno bitcoin wallet? How long does Luno withdrawal take? Since you are here, it is obvious you are looking for ways to cash out your money from Luno to your bank account. Through thorough research, we have come out with the best Luno withdrawal method.

Withdrawing money from your Luno wallet to your bank account should be a straightforward thing. However, it is no surprise that many find it difficult withdrawing their funds. We assure you that after going through this article, you will better understand how to withdraw money from luno to your bank account.

How to Withdraw Money from Luno Online

Follow the instructions provided below to transfer money from your Luno wallet to your bank account:

Before withdrawing from your Luno to your bank account, you need to first of all link your bank account to your Luno account. You can do this on the Luno app. Log in to your Luno wallet, navigate to "transfer" or "withdraw" to link your two accounts. Once you have successfully linked your bank account to your Luno wallet, follow the steps below to cash out your money:

  • Sign in to your Luno account
  • Navigate to "Wallet" on the menu tab
  • Choose your USD wallet and then proceed to click on "Withdraw"
  • Select the bank you wish to cash out your money to
  • Enter the amount of cash you wish to withdraw
  • Click on "Next"
  • Follow the remaining steps to complete your transaction


Once you have successfully completed your transaction, your money should be deposited to your account within few working days depending on your bank and country. 

If you are in a country like the United States, it may take less than 24 hours for the money to be deposited into your bank account. If you are in a country outside the United States, it may take over 72 hours to receive alert. The days taken to process your withdrawals are usually weekdays.

Read now: How to Make Money with Luno

Frequently Asked Questions about Withdrawing from Luno Account


What is Luno?

Luno is one of the popular cryptocurrency platforms that allow people to trade, buy, store and invest their cryptocurrencies. The platform has about 10 million users worldwide. It is available in over 40 markets and countries across Africa, Asia, Europe, and North America.

One of the benefits of using Luno is that you do not need to be an expert before investing or trading on the platform. The platform also has one of the sophisticated security systems that has never been compromised. This means that all your Bitcoins are safe on Luno.

How do I withdraw money from Luno to my bank account?

Luno makes it easy to transfer money from your Luno to your bank account. To do this, log in to your Luno wallet, navigate to "Wallets" on your menu tab. Click on the wallet and choose how you wish to withdraw your funds. Enter your Bank accounts number and the amount you wish to cash out. Click on withdraw and wait for your confirmation message. 


How long does Luno withdrawal take?

How long it takes for your money to reflect in your account depends on your country and your bank. It also depends on the day you initiate the transfer. For instance, it usually takes about one to three working days for your money to reflect in your account. So if you initiate the withdrawal on Friday, it can take several days to receive the funds since the platform does not process withdrawals on weekends.

Can I transfer money from Luno to another person's account?

You cannot withdraw Luno to another person's account since the platform has strict policies when it comes to withdrawing from your wallet. Withdrawal must be to the same person's bank account who owns the Luno account.

Which countries is Luno available?

Luno is currently available in the following countries:

  • Singapore
  • Uganda
  • Australia
  • United States
  • Indonesia
  • Malaysia
  • Europe
  • South Africa
  • Nigeria

Conclusion

By following the instructions provided above, you should understand how to withdraw money from luno to your bank account. If you followed the above steps and still have challenges, you can drop your question in the comments section for assistance on transfer your Luno coins to bank account.


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