XRP arrives on Luno
The third-largest cryptocurrency by market cap is now available on Luno ?
You can buy XRP for local currency directly from your Luno App or desktop.* You can also trade the XRP/BTC, XRP/ZAR and XRP/MYR pairs on the Luno Exchange!
*Note: iOS and Android availability based on Play Store and App Store schedule.
To celebrate the launch, we’re kicking things off with a special promotional fee structure.
Reduced XRP trading fees
For 30 days after launch, enjoy reduced taker fees for trading the XRP currency pairs on the Luno Exchange:
XRP/BTC – 0.10% (all pricing tiers) (0% maker fee)
XRP/ZAR – 0.20% (all pricing tiers) (0% maker fee)
XRP/MYR – 0.20% (all pricing tiers) (0% maker fee)
Overview of XRP
XRP is the native cryptocurrency of the XRP Ledger. XRP is a digital asset built for global payments. It facilitates cross-border payments by acting as a bridge between different currencies. XRP is best known for being the cryptocurrency used in Ripple’s On-Demand Liquidity (ODL) payment service.
The XRP Ledger works through a unique consensus algorithm which uses a network of validating servers, rather than “proof of work” or “proof of stake”. This means the transaction speeds are faster. An XRP transaction confirmation takes an average of 3 – 5 seconds to complete – significantly faster than other cryptocurrencies or today’s traditional financial networks.
Getting Started with XRP on Luno
How do I get an XRP Wallet?
There are two ways to create an XRP Wallet.
- When you select your XRP trading pair on the Luno Exchange, and place an order, a new XRP Wallet will automatically be created for you which will be used to store your newly traded XRP.
- Another way to create an XRP wallet is by manually adding it to your account.
Read more about how to set up your XRP Wallet.
Can I send XRP to Luno?
You can send XRP to and from Luno the same way you send other cryptocurrencies through Luno BUT you will need to include a 9 digit tag and address when you send XRP. Just provide the sender with either your XRP receive address or your QR code. You can find these under Receive in your XRP Wallet under Wallets on the menu bar.
Learn more about how to send and receive XRP with Luno.
Check out our Learning Portal to discover more about what Ripple is and how it works:
Our team is ready to help with any queries you may have. Feel free to reach out to us on Twitter or create a support ticket.