Luno converts USDC, USDT, XRP, and XLM from global blockchains to local currency for withdrawal to Nigerian, Kenyan, or South African bank accounts.
Luno is a crypto exchange operating across Africa — Nigeria, Kenya, South Africa, and Ghana — enabling crypto-to-local-currency off-ramps for remittance recipients.
Luno accepts deposits on: Stellar, Solana, Tron, Polygon, Ethereum, XRP Ledger, Stellar (XLM), Solana (SOL). Senders choose the network based on fee, speed, and which on-ramp exchange they use.
Luno publishes: NGN: ₦200 flat / KES: 50 KES flat / ZAR: R8.50 flat. These flat withdrawal fees are factored into RemitRoutes' all-in cost calculation for this exchange.
To receive money via Luno: (1) create an account on Luno; (2) ask your sender to use RemitRoutes to find the cheapest on-ramp and network for your corridor; (3) share your Luno deposit address for the chosen network; (4) once the stablecoin arrives in your Luno wallet, sell it for local currency; (5) withdraw to your bank account.
RemitRoutes compares the full on-ramp + chain + Luno off-ramp path against all alternatives — traditional providers and other off-ramp exchanges — for every corridor where Luno operates. The comparison is live, free, and requires no signup.
Compare USD → NGN — see Luno vs all alternatives
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Once crypto arrives in your Luno wallet, sell it for NGN on the Luno exchange. Then go to Wallets > NGN > Withdraw and enter your bank details. Luno supports all major Nigerian banks. Withdrawals typically arrive within 1-24 hours, with a flat fee of ₦200.
Luno charges flat withdrawal fees: ₦200 for NGN (Nigeria), 50 KES for KES (Kenya), and R8.50 for ZAR (South Africa). These are among the lowest flat-fee withdrawals in their respective markets. Trading fees on the exchange are separate.
Luno accepts deposits on Stellar, Solana, Tron, Polygon, Ethereum, and XRP Ledger. This covers both stablecoins (USDC on Stellar/Solana/Polygon, USDT on Tron) and volatile tokens (XRP, XLM, SOL). Stellar and Solana offer the lowest deposit fees.
Compare live rates across 370+ corridors on RemitRoutes · methodology.