How do I withdraw money from my Luno wallet?

How do I withdraw money from my Luno wallet? If you’re looking for a guide on how you can withdraw money from your Luno wallet, this post has got you covered. Here’s an article that treats in details the complete guidelines on how you can hover around the Luno official website and withdraw money from your wallet.

You can also read our awesome guide on how to signup an account on Luno here. If you want to verify your Identity on Luno, here’s our helpful guide on how to verify your identity on Luno.com. 

Alright, before you can withdraw money from your Luno wallet, you’ll need to verify your identity, and also link your bank account to it. In view of this, we will, first of all, consider how you can link your account to Luno and the move to how you can then withdraw money from your Luno wallet.

When you signup an account on Luno, buy and later on want to sell either Bitcoin or Ethereum on your Luno wallet, to get the money into your personal bank account, you must link it to Luno. The procedure on how to get that done is very simple and easy. Follow the few guidelines given below to add or link your account to Luno wallet with ease.

How to link your bank account to Luno using website
To add your bank account to Luno using website, do the following;

1. Log into your Luno account via www.luno.com 

2. On the page that displays, navigate to MENU and click BENEFICIARIES

3. Next, click on the drop-down and select ADD BANK ACCOUNT

4. Enter your country and your name, followed by your account number

5. Enter your bank details as requested and hit ADD BANK ACCOUNT

How to Link Your Bank Account to Luno Using the mobile application 
Just how to link your bank account to Luno wallet, you can also link your bank account to your Luno wallet using mobile apps. To add your bank account, follow these steps:

Read: Nigeria – Why does Luno require my BVN/bank verification number?

1. With your device, tap the Luno app and navigate to HOME

2. Tap MORE

3. Next, tap WITHDRAW MONEY

4. Tap on ADD BENEFICIARY

5. Enter your bank details as requested and tab NEXT

That is it, you can now receive withdrawals to your bank account! You will now be able to successfully withdraw money from your Luno wallet.

How to withdraw money from your Luno wallet?
Without wasting much time, let quickly stress here that once you’ve sold digital currency, you may want to withdraw local currency from Luno to your bank account. Luno makes this process simple.

As earlier, as part of the criteria, ensure your identity is verified and your bank account is linked to your Luno wallet in order to request a withdrawal. You’ll be able to do this via Luno.com or the app. Here’s how to withdraw money from your Luno wallet via the app:

1. In your device, go to the Luno app. If you don’t have it yet, you can download it on iOS or Android

2. Choose WALLETS from the side menu and then WITHDRAW on your local currency account

3. If you have not yet given Luno your bank account details, you will be prompted to link your bank account

4. Next, you need to enter the amount you want to withdraw

5. Then choose your bank account. You can add an optional note here for your records

6. Finally, enter your Luno app PIN and you’re all done!

Things you need to know about withdrawals from Luno Wallet
There are certain things you need to know about withdrawals from your wallet on Luno. According to the Luno official website, as with any service, there are a few basic requirements in linking your bank account to your Luno wallet and requesting withdrawals:

Read: How to Deposit Money In Luno Account 

1. Withdrawals must be made to a bank account that belongs to the same person who owns the Luno wallet. The bank account must be in your name.

2. You may not withdraw money into a friend or family member’s bank account

3. If you wish to use a company bank account to make withdrawals from Luno, please apply for a company account at Luno.

For more on things you need to know about withdrawals from Luno, you can visit luno.com and check out their terms of use.

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