In this video i'm gonna show you how to buy bitcoin on LUNO and one or two actions that
you need to perform before you can make that happen okay. So i'm also going to show you the
similarities really between the LUNO app and the web application that you're seeing right now. So
the LUNO app looks like this okay as you can see it's it's the same it's really it's really the
same so i'm gonna show you really the similarities with the features as well. So if you are new to
this channel my name is Vincent Mbatha and I create videos basically showing you different
ways to earn passive income with your crypto you know basically leveraging leveraging your
crypto and making your crypto work for you okay. So before we get to the topic of the day i wanna
uh i'm currently running a contest where uh i'm giving away $50 worth of crypto all you have to
do is just subscribe to my channel you like the video and you comment, you leave a decent comment
and obviously you leave your bitcoin address as well. So we do have a winner uh on the the video
that i did previously where i was talking about uh how to earn passive income on LUNO just holding
just holding your crypto and LUNO and then you you earn on that okay. So
this winner is, well the winner is Lundi Clive, he said thank you for the knowledge Mr Mbatha
i learnt this about a week ago and i'm glad that because of such information
shared in the past i get to be on the lookout for such advantages okay. So uh so i think it's
it's a pretty good comment and this is also uh a subscriber to the channel so he also does support
uh, he supports my channel as well and he left his bitcoin address so i'm gonna go ahead and
send this uh to him in real time so you guys can see and obviously you also stand to to to
you know win yourself $50 worth of bitcoin okay i'll just choose a random winner so i'm i'm gonna
let me show you what i'm doing as you can see here so i'm gonna go ahead and send him the 50 USD
okay there you go congrats uh congrats congratulations Clive. $50 is on its way
to your wallet okay. So let's get to the topic of today so again when you log into your LUNO account
this is what you'll see okay by default. This is what you'll see. You could always
just scroll down and click on buy here or you can just click on wallets it will take you to
the same page even if you click on buy. Okay. It signed me out because i've been logged in for
a while without without activity. So let me um let me log in here quickly.
okay.
Let me just grab my password.
I've been inactive for some time so that's why it logged me out.
Okay, and my 2fa you also want to make sure you you are protected of course
by activating your your Two Factor authentication. Okay.
So this is what i'm gonna do like i said you want to you want to click on wallets
okay. Again you can just come here and click on buy and then it will it will take you to wallets,
same thing, or you just click on wallets it's here okay and then what you want to do before you go
ahead and buy bitcoin what you want to do is you want to make sure you have funds on your wallet
first okay. That's the step that you need to take make sure you have funds on your wallet and then
you can go ahead and, so you want to deposit obviously, okay. You want to deposit money.
So let me show you uh you're just going to click on Rand here on ZAR.
and you deposit okay. So you'll choose between instant
EFT and bank so if you if you use instant EFT well, this is going to be instant like
like it suggests, it's going to be instant. So just take note that the maximum, with with,
the maximum deposit here is 15 000 Rand okay that's what you need to uh just take note of.
15 000 Rand and obviously depending on your bank limits as well that you know it may vary,
uh. This is if you want to deposit instantly into your account and this one the bank transfer
then uh that's now if you don't wanna if you don't wanna use the instant feature. So
what i also should note, what what i should say here is that if you use Standard Bank you don't
have to go for the instant feature okay, if you use Standard Bank because it's already i think
LUNO uses uh Standard Bank as a like the business account. I think they have it with Standard Bank
so if you use Standard Bank you don't have to select the instant EFT. It's basically,
uh it's gonna be almost instant it still takes it takes a few minutes okay it takes a few minutes
maybe around 10 minutes or so, or even even less, you know it varies but it's really almost instant
so you don't have to use the instant feature, but if you use other banks like like ABSA,
you know Netbank, then you you can go for instant uh EFT, if you, if that's what you want to do.
If not, you just have to wait maybe like two days, okay, about it so it's about a day or two
for the funds to appear in your account. So anyway, so you would click on bank transfer
and then you put in the amount that you wanna deposit. Say say 10 000 Rand, okay
and then you just read here: "before you deposit please note
uh use your reference code." They'll show a reference code on the next page so you deposit
is allocated automatically. So "banks take at least two business days to process deposits longer
over weekends or after hours." Okay so "only deposit from your own bank, no cash deposit." So
no cash deposits you don't go to the ATM and you deposit or go uh inside the branch and you
make a deposit you use it's, it's EFT okay and it has to be from your own account and then you just
click on i understand and okay got it. So this here obviously this is my this is my reference
but this would be your reference number. Very important that you use this reference number here
so that LUNO can identify the deposit, they can allocate it accordingly because
if you just deposit and you don't put in your reference number then the funds will be there but
they won't appear in your account because LUNO won't know who to allocate the funds to. So you
then, you'd have to then write to support and send them proof of payments etc. It's it's, you know
it's a long process so you don't want to do that, you don't want to go through that. So anyway so
these are the details that you would uh you would require just making sure that you get the account
number correctly and you know your reference number. Those two are most important, okay and
then obviously once you've made the deposit you can just click on i've made the deposit or you
don't even have to. It doesn't matter but you can just click on my deposit and then you wait. Okay.
So if you click on profile like i have here you'll see uh they'll tell you:
"Waiting for your deposit" and you know they're basically saying the same info they're telling
you the same thing that they did and also that you should just use a reference number etc. So
that's fine so then you'll wait a bit, depending on the on the method that you chose between the
instant transfer or the bank transfer. If you just went for the bank transfer maybe you know
you give it like two days. The moment it appears then it will be on your ZAR here okay. Then you
want to go ahead and buy. So now, remember you have to deposit rest so now we deposited now we
want to buy so you just click on buy. Remember we want to buy bitcoin, so you click on buy
and then again we want to buy bitcoin, okay. So here they're asking if it's a
once off or it's a repeat buy this is the feature. I like this feature cause if you
are somebody who would really like to invest in bitcoin and you want to dollar cost average in
it's awesome because then now you're able to to buy it and you set you set uh you set up
an order to buy monthly weekly or daily which is which is awesome, right. So maybe you want
to just buy bitcoin on a regular basis you don't wanna use all your funds right away
okay you wanna just do it uh you know bit by bit then this allows you that opportunity okay,
and obviously well in this case we're going to say once off. So i said i was going to show you
on on the app how how this works as you can see LUNO. It's gonna be the same when i go to wallet,
same. Okay and then if i click on buy, again, click on buy there, same thing all right. It's
the same, uh even here: How do you like to pay? with ZAR remember we have ZAR is the balance
so even even on on your app once off, you know it's the same thing i'm sure you get it now,
right. So uh if you'd like to top up the phone also the mobile does show you here where it
says top up. Then you just click on top up and you top up it's the same as again you will be
depositing in that way but of course uh we do have funds in our case so i'm just going to click on
ZAR. So it's the same thing as you can see and i'm going to say let me say 500 ,okay.
And then now i just have to confirm they're telling me this is amount i'll receive and
then that's the fee. It's like approximately 2%. It's it's 2% approximately 9.81 cents
and then i'm gonna say confirm okay. So i just have to now grab my 2FA just to to um to verify
the transaction here okay. As you can see they tell you okay you bought this uh BTC.
"Grow your investment by placing your bitcoin in a savings wallet and earn up to 4%, which is
now awesome. It's good that they they remind you here because uh you know this is something that
that's beneficial uh to you, you know to earn passively. So basically they're referring to to
this here. I made a video uh and I'll link to this video as well and you can also check out the video
at the top here uh where i talk about this uh this the this feature of earning passively
okay so it's awesome that they also tell you here. Okay. Fantastic. So this is using the phone, this
is using the the laptop okay, this is a desktop uh version so i'm gonna go now to my mobile and
then show you this you know it's the same thing. As you can see here we have uh let me just go back
and refresh. So we're buying bitcoin and again i'm gonna select max because i want to use the
the entire amount. I'm just going to say max it's 500 next, as you can see it's the same okay
and then because obviously on the phone i don't have to put the the 2FA, I have the
the pin enabled and obviously the face ID. You might be using fingerprints or maybe you haven't
activated these, you'd probably be using maybe your, they'll send you an sms and then you confirm
on the sms or whatever the case may be. Uh! but, as you can see it's the same they said they also
tell you how much you bought how much you can earn or that you can earn up to 4% interest etc.
So the so the the interface is the same which i like um you know it standardizes things and
uh it makes it makes makes things easier you, you it's easier to you know. It's easy to see the the
different different uh different features and um you know to really familiarize yourself uh with
both the desktop and and the wallet so you know you don't get lost right. So that's basically it
for this video um obviously from here uh, what you want to do from here is you want to go ahead and
send it to this, to. You want to transfer to this here okay so you can earn passively. All right,
so you want to transfer your BTC right here and then you earn passively that way
okay. So in fact let me do it just just to show you how it's done okay. So here i am right here,
transferring, so i chose to transfer everything and then they are telling me i'm transferring
from the bitcoin wallet to the bitcoin savings and it's free okay. No fee. And then
this is the amount transferred, i just confirm. Okay, because i'm on my desktop i'm gonna have to
confirm using my 2FA, okay, all right. You've started saving for a better financial future
transfers are not are not instant it may take a short while um for your BTC to appear in your
BTC savings wallet. Interest is paid out on the 1st of every month. So there you go, i'm
you know i'm not only just holding my BTC i'm now earning passively from it, which is fantastic. So
uh i love it i love this feature. It's 4%, up to 4%, uh! But, that's okay that's okay. So
that's it for this video i hope you, you found it informative and if you did do give this video a
like and again if you haven't already do subscribe to my channel and um you know leave a comment
uh and you know with your bitcoin address as well. Who knows you might just be the lucky winner okay
and i'll see you guys on the next one. Take care bye!