Process of Sending the cryptocurrency using the Luno Wallet

  • The cryptocurrency world is revolving continuously. Finding a crypto wallet that is safe as well as beginner friendly is an intimidating task. But there is one wallet that fulfills both criteria easily. And the name of the said wallet is Luno Wallet.

    So, let us commence the journey of exercising the features of this crypto wallet sequentially. And if you are a beginner then this write-up would prove to be highly advantageous to for you. 

    What are the features?

    To begin with, it is necessary to discuss the benefits this wallet offers to its users. It will also give the users a basic idea of what they can expect in the wallet.

    • The wallet has some of the best educational resources available for customers about the crypto world to provide guidance to beginners.
    • Many crypto wallets ask to provide complete KYC verification to create an account. But whereas, on Luno Wallet you can start using the wallet services.
    • With its beginner-friendly interface that newbies have no problem accessing.

    Sending of Crypto assets:

    Under this segment of the blog, we will state the procedure of sending Crypto Coins to another crypto wallet address. And the instructions for sending are:

    1. Get logged in to your Luno Wallet account.
    2. Tap the ‘Wallet’ section.
    3. Now click the ‘Send’ button.
    4. Review all the applicable Terms and Conditions. After reading the conditions mark the box as checked to accept them.
    5. In this step select the crypto name that you would like to transfer.
    6. In case there is a travel rule in your country then you will have to answer a few questions as well.
    7. Now, select the amount you want to be transferred.
    8. Review the transaction details and then press ‘Confirm’.

    Thus your cryptocurrency has been sent successfully.

    Sending procedure via QR code scanning

    Do you know that crypto assets could be sent by scanning the QR codes as well? If not, then do not worry, we will tell you the procedure via Luno Wallet:

    1. Login into the Wallet account.
    2. Go to the ‘Wallets’.
    3. Tap ‘Send’.
    4. Select the cryptocurrencies. 
    5. Press the QR Code icon from the top right corner.
    6. Then scan the QR Code of the recipient. 
    7. Write the amount you want to send.
    8. Review the transaction details and then press the ‘Confirm’.

    Your crypto asset has been delivered to the desired crypto account successfully via QR Code.

    Are there any fees?

    Yes, the wallet does charge the fees but the rate completely depends on the transaction and the blockchain network used by you. You will be able to view the charged gas fee directly at the time of transaction execution. However, there is no need to worry about it because Luno Wallet is known for its low trading fees. And if you are not satisfied then visit the official website of the wallet and review the fee system of it.

    Wrapping it Up!

    The Luno Wallet would be the best choice for Beginners looking to start their journey of cryptocurrency investment. It has an attractive yet simple interface that becomes the attraction point for the users and provides them with a wallet that could be navigated easily. You can also use the given educational resources. We, hope that our write-up was able to provide the details that you were looking for in the wallet. However, if you have any issues then tell the customer support services and they will try to provide the guidance as soon as it is possible.