How to withdraw Bitcoin from Luno to your bank account

If you hold Bitcoin on Luno and want to convert it to your local currency and send it to your bank account, you have two paths: sell on Luno and withdraw the fiat balance, or move your BTC to a non-custodial wallet first and use a faster off-ramp. This guide covers both — including the fees, timelines, and limits you should expect on Luno (luno.com) in 2026.

The published schedule on Luno:

Always check the fiat amount you actually receive, not just the line-item fee — the spread is usually where the real cost lives.

1. 1

   Sign in to Luno

   Complete identity verification if you haven't already.
2. 2

   Open your BTC balance

   Select Sell and choose the amount. Confirm the price including the spread.
3. 3

   Wait for settlement

   Once the trade clears, navigate to your fiat balance.
4. 4

   Withdraw to bank

   Select Withdraw → Bank account and pick your linked bank.
5. 5

   Confirm

   Funds typically arrive in same-day (faster payments, sepa, eft).

Skip the ACH wait by moving BTC into a non-custodial Lightning wallet and using a direct Lightning→bank off-ramp.

1. 1

   Install Lightning Pay

   Free, non-custodial, desktop. Signed installer (~80 MB).
2. 2

   Withdraw BTC from Luno

   Send to your Lightning Pay receive address — or open a Lightning channel for instant transfers.
3. 3

   Tap Withdraw to bank

   Choose your country and rail (SEPA Instant, FedNow, Faster Payments, ACH).
4. 4

   Enter bank details & confirm

   Funds land in minutes via Strike or a regional partner.

The published withdrawal fee on Luno is rarely the whole story. Three quieter constraints catch most people moving meaningful amounts:

Moving BTC to Lightning Pay first sidesteps all four issues — your wallet is non-custodial, has no exchange-side cap, and the bank off-ramp at the end verifies you only at the moment of fiat conversion.

Every BTC→fiat sell on Luno is a taxable event in the US (and most jurisdictions that treat crypto as property). You realize a capital gain or loss equal to the difference between your cost basis and the sale price. Two practical points most people miss:

• The withdrawal fee is not deductible from the gain. It's a separate disposal expense — handle it through your accountant, not by netting it against the sell price.
• Luno's default tax report uses FIFO. If you've been DCA-ing for years, FIFO can manufacture a large gain you didn't economically experience. Specific-ID (HIFO) is usually better — but you must elect it before you sell.

Lightning Pay's Tax Assistant tracks cost basis across every wallet and exports a clean Form 8949 / Schedule D file, plus CSVs compatible with Koinly, CoinTracker, and TurboTax — including the lots you imported from Luno.

If you're moving off Luno to take custody and speed up future cash-outs, here is the full first-time setup:

1. Download Lightning Pay for Windows, macOS, or Linux. The installer is signed, ~80 MB, and verifies its own update channel.
2. Create a wallet. Write down the 12-word recovery phrase on paper (not screenshot). Lightning Pay never sees it, and there is no email or password — the seed is the account.
3. Receive your first BTC. Tap Receive, copy the on-chain or Lightning address, and withdraw from Luno. On-chain takes ~10 minutes; Lightning is sub-second.
4. Open Withdraw to bank. Pick your country, enter IBAN/ACH details, and Lightning Pay quotes a fiat amount via Strike or a regional partner. Confirm and the bank transfer lands in minutes.