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How to buy Bitcoin in South Africa using Luno.com

473 ratings | 20386 views
Register on Luno.com here and get R10 FREE Bitcoin: https://luno.com/invite/S863A There has been lots of interest around Bitcoin in South Africa recently, and cryptocurrency in general, so I thought I would do a video showing you guys how to buy Bitcoin in South Africa using Luno. Luno allows you to buy and sell Bitcoin for Rand, and also allows you store your Bitcoin in their wallet, which you can access using your phone or PC. With the wallet, you can save your Bitcoin, use it to buy things online, or even send it to someone else. I will do further videos showing you guys how you can send your Bitcoin, or use it to buy other cryptocurrencies, such as Litecoin, Ethereum etc. I will also show you how to get set up on other cryptocurrency exchanges such as Bittrex and Poloniex so that you will have access to trade cryptocurrencies. Let me know if I left anything out, or if you guys have any questions. I will try to help you out as much as I can. Good luck!
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Text Comments (149)
and2700 (12 days ago)
The last 2 months, I have made over $60,000 from trading bitcoin but my success never started that way as I had made substantial losses before my turning point in the Crypto space. I bought 2Btc last year which quickly rose in the bull run but eventually lost most of it and sold off what was left. That was the last I would ever have to do with bitcoins until I was introduced to Brandon Gaston first of, he asked to know my trade experience. He then gave me a quick insight on what to look out for when choosing a platform and a bunch of other things most experienced traders may never tell you. Most importantly, he introduced me to his specially designed layout and provided me with professional advice and accurate trade signals. With his system, trading has become easy and profitable and I just want to spread the word and thereby help as many that are in my previous unfortunate situation. For all questions, you can reach out for his help on *(( [email protected] Com ))*
Michael vW (17 days ago)
I use this site in SA https://www.coindirect.com/?afid=R60HBVW7
killowatra ibikio (18 days ago)
any platform I can use that I don't need me to send the platform my ID and Rica?
DAV-D Dav-d (19 days ago)
Get free R10 of bitcoin at luno promotion  by putting code XUSRV and apply
Tebogo Alex Tefu (23 days ago)
Great work
Vucy Bingwa (25 days ago)
i wish to learn more from you
Vucy Bingwa (25 days ago)
this is by far the best video by callum campbell in as far as buying bitcoin using luno for beginners is concern u the best man i like your vibe thanx bro
besana motha (25 days ago)
Great video Callum, we all want to find places that can offer bitcoin at a affordable price, and I thing Luno is on of them. Obtaining bitcoin is very important to most South Africans now, so is the places where they can spend bitcoin, here's few companies that accept bitcoin as payment https://www.bitcoinfella.net/companies-that-accept-bitcoin-payments/
andile nxumalo (28 days ago)
what if you are using Standard Bank
James Burton (1 month ago)
I traded without assistance and lost so much until I came across a comment and several recommendations about Pauline Burnett, I contacted her and traded with her and went from having 4btc to 7btc , all thanks to Pauline she's Legit and professional.
franklin bekenawei (1 month ago)
Thanks for the info guys, I just sent her an email
Frankly Rose (1 month ago)
I can't thank Pauline enough, she's taught me everything I need to know about trading and I'm now a trader of my own
Richard Taylor (1 month ago)
+Mr Dunhill you can easily email her [email protected] com
Richard Taylor (1 month ago)
I've made way more profits trading with Pauline than any other trader or strategy out there, right now I've made over 5.6 btc all thanks to her
aantonop (1 month ago)
I personally recommend trading with Pauline to everyone struggling with trades or experiencing losses, she can teach you how to trade and earn successfully
James Burton (1 month ago)
I traded without assistance and lost so much until I came across a comment and several recommendations about Pauline Burnett, I contacted her and traded with her and went from having 4btc to 7btc , all thanks to Pauline she's Legit and professional.
xolani nembula (2 months ago)
I have deposited the money to my luno account but still I don"t see nothing
Poloniex Trades (10 days ago)
+xolani nembula Are you still having issues
xolani nembula (1 month ago)
yes why?
xolisa khatu (1 month ago)
u still n luno
kyyng pin maluwana (2 months ago)
Great video bro it was very much helpful thanks , will subscribe
Charles micheal (2 months ago)
I TRIED TO FUND MY ACCOUNT IN THE PHILIPPINES, BUT THERE IS NO WAY TO ADD MY LOCAL BANK ACCOUNTS, WHAT IS THE CAUSE OF IT, I NEED HELP, THOSE THAT MEAN THAT LUNO DOESN'T WORK IN EVERY COUNTRY?
Poloniex Trades (10 days ago)
Have you resolved your issue yet?
Poloniex Trades (10 days ago)
+Charles micheal I use luno
Charles micheal (2 months ago)
Pls what is CS ?
Vera 13 (2 months ago)
Charles micheal Contact their CS
Jane Fielding (2 months ago)
Baie dankie die video het baie lig gewerp op Bitcoin
Dean JVR (3 months ago)
My search was for "how to buy tether in south Africa" not BTC!!
Broyka (3 months ago)
are you starter in cryptocurrency ?? Mr BTCKYLE does the whole job for me,he is the best as for now
Charles micheal (2 months ago)
u are all bunch of fake idiots , trying to scam people, let nobody pay to them...fools
gemixnew gmail com (3 months ago)
i love his sincerity and guidance
luke millard (3 months ago)
i make about $500 every week from his miner, wish i could withdraw 3 times a week
Caroline DD (3 months ago)
this is mind blowing
laken marion (3 months ago)
does he mine ethereum?
Thulani Hlubi (3 months ago)
How do I buy Bitcoin with 90 Zar or how much should I place an order?
Poloniex Trades (10 days ago)
Have you gotten your answer yet or you still require assistance
Ko kasi (3 months ago)
Can you lose from Bitcoin?
Poloniex Trades (10 days ago)
Certainly, especially as a beginner... You may not know the right time to trade and end up losing everything. Employ the services of our expert account managers to help you and make huge profits
Abdul Abdul (3 months ago)
Dm @discrete.hackzzz on instagram to purchase/invest bitcoin or other cryptocurriencies at cheaper rates...he is legit...I got btc off him recently and I’ve made money through his trading
Margo (3 months ago)
Have watched this video a few times and it's really helped me! I now have a much clearer understanding of the order book and how the luno exchange works etc. Thanks Callum!
Lyndon Bizabani (3 months ago)
For financial liberty Bitcoins is the only way to go invest in them and make more money hit the link below for more information http://bitclub.network/lyndonbiz or you can email me [email protected]
El Franko (3 months ago)
Hello Bro if i buy bitcoin and leave it in my bitcoin account without trading , is it going to increase, or i need to sell before i can gain interest
Neelesh Persadh (3 months ago)
Hey, Great video though could you make a video on how to sell bitcoin
Poloniex Trades (10 days ago)
Do you still want to sell btc?
B. K Savage (3 months ago)
Hi Callum Campbell Can U please make a video of how to withdraw any cryptocurrencies into rands
Victor BlueDragonXZA (3 months ago)
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Sphephelo Mhlongo (3 months ago)
hi my name is sphephelo and im a beginner. what must i do
Poloniex Trades (10 days ago)
How far have you gone?
heaty007 (2 months ago)
Give me your money
kenneth fester (4 months ago)
Life changing opportinuty, i decided to risk my money and eventually it turn to be the best thing that is happening to my life now. All i did was to follow his instructions and i invested just $450 and withing a week i got $2500. Now im seeing good results. Last week and yesterday i made succesful withdrawals. And with this i am able to pay my bills and get my family back. Thank you very much Mr James Robert. You can contact him via whatsapp +1 914 705 7959 facebook: https://www.facebook.com/James.Robert0234
Crypto Girl (4 months ago)
👍🏻👩‍💻Thank you Callum! Had a question from South Africa last night on how to get in since Coinbase is not available for South African's right now! You are the MAN! Really appreciate your time, energy and dedication! 🤜🤛🎯
kenneth fester (4 months ago)
Life changing opportinuty, i decided to risk my money and eventually it turn to be the best thing that is happening to my life now. All i did was to follow his instructions and i invested just $450 and withing a week i got $2500. Now im seeing good results. Last week and yesterday i made succesful withdrawals. And with this i am able to pay my bills and get my family back. Thank you very much Mr James Robert. You can contact him via whatsapp +1 914 705 7959 facebook: https://www.facebook.com/James.Robert0234
Smith Bryan (4 months ago)
Do you know you can earn up to 15btc on a weekly basis with just 8.4btc? Start investing your bitcoin with a good Crypto company.... This is 100% legit and earn 50% profits weekly on the increase of BTC DM me for more info on hppts://www.WhatsApp.com/+15202086676...
Sirras Decade (5 months ago)
Thank you where very helpful
owen mabuza (6 months ago)
wow i have never ever got such a goo financial explanation ever please make also for MT4 TRADE AND INDICATORS you are good man
Bennie van der Merwe (7 months ago)
well explain, tks Callum
S K (7 months ago)
How long do think capetec for eft how to send them proof of payment? Or how do they knows I put money in
kenneth fester (4 months ago)
Life changing opportinuty, i decided to risk my money and eventually it turn to be the best thing that is happening to my life now. All i did was to follow his instructions and i invested just $450 and withing a week i got $2500. Now im seeing good results. Last week and yesterday i made succesful withdrawals. And with this i am able to pay my bills and get my family back. Thank you very much Mr James Robert. You can contact him via whatsapp +1 914 705 7959 facebook: https://www.facebook.com/James.Robert0234
Petrean Tudor (7 months ago)
i work in europe with luno. now have debit card payments
pieter cloete (7 months ago)
Thanks a lot. You make it so easy. Watched a lot of Bitcoin You Tube videos and some were very confusing. This one is by far the best. I have only one question. How do I get it from my computer on to my phone. Surely there must be a App, something like my phone bank App.
Ayabonga Mbewana (8 months ago)
Hey please help. I need to buy BTC that cost £500 using South African Rands. How do I do that?
Poloniex Trades (10 days ago)
Have you gotten your answer yet or you still require assistance?
Marian Thompson (8 months ago)
With just $500, I was able to make $11,550 after 21 days Trade on a well regulated trading broker and an expert Account Manager. I was skeptical at first but it turned out to be legit and very much profitable. Invest with very legit and profitable bitcoin investment and trading company.Contact Company’s Expert Account Manager via email. Email: [email protected]
Fredrick Albert (8 months ago)
Great platform, thanks to Madam Cristina.
Narayanan Agarwal (8 months ago)
Very much profitable and legit.
Keila Whatley (8 months ago)
Many people have picked up interest in binary options trading lately. This is not surprising as it is one form of financial trading that holds plenty of promise and is relatively less risky than some other forms of investing such as forex trading. I would like to ask all binary option traders out there, to try *FIRST MILLION ROAD* and do yourself a favor. You definitely need it. I know. And why wouldn’t you? Don’t you want to boost your business? Don’t you want lucrative returns? Wouldn’t you like to take a stroll and get some sleep, while someone does your work for you and does it better?
Alet Halbich (9 months ago)
217 BTC GLOBAL BITCOIN members from South African and Namibia have just been scammed and we lost all our monies. How can you help us?
Poloniex Trades (10 days ago)
We can help you in numerous ways with flexible strategic platforms to put and set you on track...
Rynier Snyman (9 months ago)
https://m.facebook.com/story.php?story_fbid=1831233596911160&id=100000736116989
ebrahim eb (10 months ago)
WHAT IS MINIMUM AMOUNT YOU CAN BUY BITCOINS IN LUNO ?
Poloniex Trades (10 days ago)
Depends on the amount you want to buy there's no limit to btc
Blood: Tig'Aero (10 months ago)
Saw your video today, also learned about this site today. From what I have seen in forums, most people say its a scam. However I will check it more out. Also in Verification it needs more than just the mobile phone number, need ID stuff. Also tried to use your code but doesnt seem to work. This video is 1 year before so let me know your opinion for this site these days. Thanks.
Harvey Newman (10 months ago)
80% of the Bitcoin's supply has been mined already, in this present day only 4.2M BTC are available to be mined, you can recover almost if not all your losses now, wanna know how? transaction fees are so high! Sounds interesting? reach me at [email protected]
Brady Govender (10 months ago)
What's the minimum investment that can be made?
Poloniex Trades (10 days ago)
At *Poloniex* a minimum of $300
GamingMusic xD (10 months ago)
Sign up for Luno and get ZAR 10.00 worth of Bitcoin when you buy or sell ZAR 500.00 (exchange excluded), using https://www.luno.com/invite/SW7D9
Priscilla Rabothata (10 months ago)
hey Callum, I have three requests. firstly can you please explain the buy and hold strategy for me or make a video on it,secondly how much money does one need to have in order to buy bitcoin and lastly how does one purchase from different shops using bitcoin
Poloniex Trades (10 days ago)
Have you gotten your answer yet or you still require assistance
Robert Boshoff (11 months ago)
Great video, thx. So here you dont earn the 14% interest?
kenneth fester (4 months ago)
Life changing opportinuty, i decided to risk my money and eventually it turn to be the best thing that is happening to my life now. All i did was to follow his instructions and i invested just $450 and withing a week i got $2500. Now im seeing good results. Last week and yesterday i made succesful withdrawals. And with this i am able to pay my bills and get my family back. Thank you very much Mr James Robert. You can contact him via whatsapp +1 914 705 7959 facebook: https://www.facebook.com/James.Robert0234
Callum Campbell (10 months ago)
Thank you. No, this is just Bitcoin, you'll make money when the price of Bitcoin goes up, your Bitcoin will be worth more
sbuh ntshali (11 months ago)
Very well explained. Please help here, I deposited R500 and it was converted to BTC 0.00245 after exchange. I have been monitoring the change on the value ZAR, sometimes it drops to R483 sometimes going up to R550. Please tell me, at this point how do you make a profit and even grow your money faster to R1000 MAYBE?
Callum Campbell (11 months ago)
You make a profit when the price goes up - if the price doubles, (from 200k to 400k), your 500 will also double. Whatever happens to the price, percentage wise, will affect your balance. If BTC goes up 20%, your money grows by 20%, if BTC goes down by 20%, your balance goes down 20%. You can sell whenever you want and cash out into ZAR, you must do this when the price of BTC is higher than where you bought it - the difference in your balance, in other words, if you put in 500 and now have 700, that means you've made 200.
Craig Sandeman (11 months ago)
Regarding Luno's Fees: At the time of this post bitcoin's price was $16,000 which equates to just under R200,000. However Luno's price: BTC/ZAR 237,318 R37,000 more ? Am I missing something here? That's around a 15% markup in price?
Callum Campbell (11 months ago)
Check this out: https://youtu.be/FI_YCS3MERE
Callum Campbell (11 months ago)
Stay tuned for a video I'm making called "Who calculates the Bitcoin price", it will answer your question in great depth :)
Kuwe Records (11 months ago)
I really would like to get in touch with you. How do I get hold of you?
Callum Campbell (11 months ago)
Hi, you can message me on Facebook here https://www.facebook.com/btcforafrica/ , or on Telegram here https://t.me/joinchat/FWXIGhG90usxo3wWt5I_7w
Bonolo Isreal Masomeng (11 months ago)
Hey, can I use another currency to buy or sell bitcoin.....like I'm a South African, so I can us Dollars or maybe Euros?
Callum Campbell (11 months ago)
If you have a US or EU bank account, then you can sign up at an exchange like Coinbase or Kraken, and fund your account with USD or EUR. Otherwise, if you're an SA citizen only, and only have access to a ZAR bank account, then Luno is your best bet - unless you use a credit card, which you may be able to use to buy Bitcoin on Coinbase. Problem is, then you'll get charged an exchange rate fee with your bank when changing your ZAR into USD to make the purchase.
Sandile Msimango (11 months ago)
Nice one! I was very sceptic about this until I watched your video. Thanks man
Callum Campbell (11 months ago)
Thanks man, hope you feel a bit more comfortable with BTC now :) Let me know if you have any questions, I have a Telegram group here https://t.me/joinchat/FWXIGhG90usxo3wWt5I_7w
Mbewe Sibongile (11 months ago)
The pots are happening Callum, thanks for the great video.
Callum Campbell (11 months ago)
Always a pleasure :)
Moeneeb Isaacs (11 months ago)
Hi i've downloaded luno and i have not gotten a request to upload ID etc to verify identification?? I want to deposit money into my wallet but should i wait for verification 1st??
Callum Campbell (11 months ago)
+Moeneeb Isaacs if you've entered your personal details and your cell number, and entered the one time pin in the SMS they send, then you're allowed to buy or sell up to R15,000 worth of Bitcoin in your life time. As soon as you go over 15k, they'll want ID
Dally G (1 year ago)
Can you please tell me about the authentication using the scan...how do I scan and keep this code ?
Callum Campbell (1 year ago)
Download Google Authenticator on your phone, then click the + sign to add an account. Then on your exchange, enable 2 factor authentication and it will give you a QR code to scan. Scan this code with your app (click the +, allow camera access, and scan the code). It will then add your exchange account to your Google Authenticator app. Every time you try sign into your exchange now, you'll need to enter your email and password, as well as the code that your Authenticator shows at the time (the code changes every 1 minute). Hope this helps, let me know if it works
Christopher McLeod (1 year ago)
Great video Callum, very well explained dude! Simple and to the point
Callum Campbell (1 year ago)
+Christopher McLeod thanks Tiny! Send me a WhatsApp if you ever wanna chat crypto or need some help
frank dewitt (1 year ago)
GREAT  video Callum. Very helpful. Baie dankie. Do you know of any blog spots where bitcoiners exchange ideas? Greetings. Frank
Callum Campbell (1 year ago)
Thanks man! I check out Reddit and Twitter mostly - there are a lot of traders and developers who post frequently on Twitter, so it's a good way to stay in the loop with news. Also, anytime something happens i.e. China banning BTC etc, Twitter is always the first to have the news
Bakang Ephraim Kgosi (1 year ago)
cool video Callum..look i just created my account and i uploaded a scanned copy of my ID document how long should i wait in order for my account to be active or verified?..
Callum Campbell (1 year ago)
Thank you! It usually takes between 2-5 working days, however, I know Luno is quite busy right now, as there are more people signing up than ever before - so it may take a bit longer.
Bob Hayward (1 year ago)
Thanks Callum. Brilliantly explained, cleared up a lot of misunderstanding. Liked and subbed. You deserve a much larger readership.
Collin Upora (14 days ago)
+Callum Campbell can you give me your email address
James Burton (1 month ago)
Hello Bob,do you trade?
Callum Campbell (1 year ago)
Thanks for the nice words!
kid Kaito (1 year ago)
i can monitor my ballance & latest bitcoin price, im enjoy using luno wallet, tq very much luno, 5 star for u ✋✋👍👍 buy bitcoin & use this special promo code 👉 87BVJ 👈
Callum Campbell (1 year ago)
Glad you're enjoying it :)
Lonwabo Hoho (1 year ago)
Wow, thank you made my life easy
Callum Campbell (1 year ago)
Only a pleasure man!
Mr Crypt0_0 (1 year ago)
PLEASE MAKE MORE VIDEOS!!! this video was extremely helpful ! Thank you so much liked and subbed
Mr Crypt0_0 (1 year ago)
Thank you for the explanation you're a great help! Keen for the video. Thanks Callum !
Callum Campbell (1 year ago)
Yes, you can withdraw that money into your bank after you've traded with it. Say you buy some BTC at R120 000, and now the price is R160 000. You will have made a profit on however much BTC you had. You can sell it all, or just a little bit - however much you decide, and withdraw it back to your bank. However, it will be subject to tax. I will do a video soon explaining how trading works and how you can earn money from it.
Mr Crypt0_0 (1 year ago)
Just a quick question please.. through buying and selling bitcoin does one make profits? Is this the correct terminology? If so, can one withdraw this money or move it back into ones bank account or can he/she only use the money 'earned' through online purchasing ? Is Bit trading similar (same concept) to stock trading? Thank you so much Callum. Will start with Luno soon if all goes well!
Callum Campbell (1 year ago)
Thanks so much for the comment, really appreciate it! Will make more videos soon, just been really lazy lately and watching BTC almost crossing $10,000 haha. Anyways, thanks for subbing, stay tuned!
Sarah Paulus (1 year ago)
I created my Luno account. I am in Namibia.. Is that South African Wallet created automatically when you register or did you create it. I did not have a Namibia wallet created I only had the one wallet ( the one on the left). When I say "add wallet" to create my wallet it says there are no wallets available at this time.
Sarah Paulus (1 year ago)
Hi Cullum, I did get my pin via my cell, so guess it's a matter, of country?
Callum Campbell (1 year ago)
Hi - I'm not 100% sure if Luno operates in Namibia or not. However, to get the ZAR wallet and the exchange tab, make sure you've entered your cell number and received the one time password from Luno. Once this is done you'll have access to a ZAR wallet and the exchange tab, and you'll be able to buy and sell up to R15 000 in your lifetime on Luno. For more on this, see my video here: https://www.youtube.com/watch?v=t0otWTvgB64
Sarah Paulus (1 year ago)
I also dont have the exchchange tab that you have?
Tony Zwane (1 year ago)
I tried funding my luno account using Absa but when i tried EFT but it says that their account is not valid I need help with that Calum or anyone else please
Callum Campbell (1 year ago)
When trying to send the EFT, just enter the details as the show you: Bank, account number, reference and branch code. Should work, regardless of who you bank with - it's just a normal EFT
Mahendra Gangai (1 year ago)
Hey Callum, thank you so much for your video, makes so much sense now. What are your thoughts on tax using LUNO? Is there any measure of the tax applied to exchanging BTC to ZAR? Hear from you soon Bud, have a lovely day ahead.
Callum Campbell (1 year ago)
+Mahendra Gangai thanks for your comment. As far as I know, bitcoin is subject to capital gains tax, which falls under income tax. You can withdraw and deposit as you wish, but you just record it and pay tax on any money that you make. For instance, if you buy some btc and the price goes up, and then you sell that btc for ZAR, you'll then have to pay capital gains tax on the difference (your profit). That's my understanding at the moment - of course I'm not a financial advisor or a tax consultant, so best to look further into the matter or ask a professional I'd you wish to know a bit more. My strategy is buy bitcoin and never sell it, that way, you create no taxable events. Good luck!
Abrie Engelbrecht (1 year ago)
BAIE DANKIE! Baie gehelp!
Callum Campbell (1 year ago)
Happy to help! :)
keithan philander (1 year ago)
Its telling me that my profile and accounts are blocked. I just set it up and my ZAR wallet is showing the correct amount, how can i fix?
keithan philander (1 year ago)
Cool thanks!
Callum Campbell (1 year ago)
keithan philander cool, glad it's working :) and yes, they've just added an ETH market, update the app in your playstore and it should pop up
keithan philander (1 year ago)
Yes working now. I was just a bit impatient I guess. Thanks a lot! Do you have any idea when they will be adding trade for ether?
Callum Campbell (1 year ago)
+keithan philander I've never had that issues before. Have you uploaded anything to verify your ID yet ?
Siyanda Madlala (1 year ago)
Thanks a lot bro. You are the best.
Callum Campbell (1 year ago)
+Siyanda Madlala It's a pleasure man!
Denershan Naidoo (1 year ago)
Thanks for making this video. You explained it well.
Callum Campbell (1 year ago)
It's a pleasure, thank you for the feedback! :)
TheBoyBeams (1 year ago)
Thank you for this!!! Have questions but i will ask later
Callum Campbell (1 year ago)
No worries, ask anything you need and I'll try to help you out :)
Mongezi Buthelezi (1 year ago)
Thank you!
Callum Campbell (1 year ago)
Only a pleasure, hope it helped!

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