Luno Offering Automated Withdrawals For Its Customers After Popular Demand

Must Read

Make Sure You Trade Crypto In The Weeks To Come

Global finance has seen some massive shifts caused by the worldwide coronavirus pandemic, COVID-19. Despite all of this...

Bitcoin (BTC) Prices Priming Up To Fall Again, A Major Bull Trap Is Emerging

Bitcoin prices might fall against the market odds in upcoming days. Bitcoin already acquired the flat trend and...

Messari Analyzed The Impact Of The Percentage Of Total Tokens Staked Over Price

Over the last few years, staking has been a popular trend in the digital currency market. With the...
5d85c99dd353c-bpfull
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
Luno Offering Automated Withdrawals For Its Customers After Popular Demand

  • Luno, the cryptocurrency exchange has launched a fast, automated withdrawal feature for its customers at no additional fees.
  • Luno stated that due to the immediate processing request that Standard Bank allows for Luno customers.
  • Luno recently launched the option of trading Bitcoin Cash on the platform, enabling users also to buy, sell and store it on their platform.

South African cryptocurrency exchange Luno has launched a fast, automated withdrawal feature for its customers at no additional fees. The update allows Standard Bank customers to apply for immediate processing for their withdrawal.

Advertisement

In contrast, customers signed with other banks will also be able to request automated withdrawals, but the transaction will be subject to their bank’s processing times.

Before the current update, customers limited to daily withdrawal schedules. Still, now due to popular demand, the company has decided to implement instant withdrawal for funds within your Luno wallet to your bank account.

Luno stated that due to the immediate processing request that Standard Bank allows for Luno customers, withdrawals would take just a few minutes.

Other bank customers of Luno will be subjected to their bank’s transaction times on inter-bank transactions. Before this feature, Luno offered withdrawals in batches two times a day.

Luno General Manager, Marius Reitz, made a statement,

“Luno customers wanting to withdraw their rands on the Luno platform can now count on real-time processing instead of waiting for manual batch payments, which have traditionally taken place twice per day.”

It also mentioned that Luno plans to add immediate fund withdrawals for non-Standard Bank customers too at a small additional processing charge.

Reitz also said that the update had been a result of customer demand, and for them, it was another step in the direction of improving their cryptocurrency exchange’s offerings.

Reitz has previously stated that South Africa is its most active market. With growing awareness of the potential of cryptocurrencies in the country, more trades are starting to arise within that market.

This makes adding more functionality for their South African customers an essential priority for the company. Luno recently launched the option of trading Bitcoin Cash on the platform, enabling users also to buy, sell and store it on their platform.

The exchange serves about 3 million customers across 40 different countries over the globe. The company has offices in South Africa, Malaysia, Indonesia, Nigeria, and Singapore.

Hot News

Make Sure You Trade Crypto In The Weeks To Come

Global finance has seen some massive shifts caused by the worldwide coronavirus pandemic, COVID-19. Despite all of this current volatility, analysts do believe...

Bitcoin (BTC) Prices Priming Up To Fall Again, A Major Bull Trap Is Emerging

Bitcoin prices might fall against the market odds in upcoming days. Bitcoin already acquired the flat trend and start facing resistance from the...

Messari Analyzed The Impact Of The Percentage Of Total Tokens Staked Over Price

Over the last few years, staking has been a popular trend in the digital currency market. With the launch of the aristocrats, Cosmos...

Bitcoin Price Analysis: BTC Price Crosses $6800 After Long Consolidation Period

Bitcoin price has finally crossed the price mark of $6800 indicating bulls are marching for $7k. Bitcoin's current price now is at the...

EOS Nation Partnered With Bancor To Launch A New DeFi  Platform xNation

EOS Nation partnered with Bancor to launch a new platform called xNation. With the help of this platform, the user can introduce and...

Ethereum Classic (ETC) Facing Variations Above The Crucial Level of $5.05

ETC is in negative momentum and it can drop down below price level of $5.05. ETC/BCH pair is suffering a major loss of...

Partners

Bitcoin (BTC) Prices Priming Up To Fall Again, A Major Bull Trap Is Emerging

Bitcoin prices might fall against the market odds in upcoming days. Bitcoin already acquired the flat trend and start facing resistance from the...

Messari Analyzed The Impact Of The Percentage Of Total Tokens Staked Over Price

Over the last few years, staking has been a popular trend in the digital currency market. With the launch of the aristocrats, Cosmos...

Bitcoin Price Analysis: BTC Price Crosses $6800 After Long Consolidation Period

Bitcoin price has finally crossed the price mark of $6800 indicating bulls are marching for $7k. Bitcoin's current price now is at the...

EOS Nation Partnered With Bancor To Launch A New DeFi  Platform xNation

EOS Nation partnered with Bancor to launch a new platform called xNation. With the help of this platform, the user can introduce and...

RELATED NEWS

Make Sure You Trade Crypto In The Weeks To...

Global finance has seen some massive shifts caused by the worldwide coronavirus pandemic,...

Bitcoin (BTC) Prices Priming Up To Fall Again, A...

Bitcoin prices might fall against the market odds in upcoming days. Bitcoin already...

Messari Analyzed The Impact Of The Percentage Of Total...

Over the last few years, staking has been a popular trend in the...