Cryptocurrency Q&A
Why is the Luno fee so high?
Why is the Luno fee so high?
CharmedFantasy
Wed Mar 19 2025
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answers
904
I don't understand why Luno charges such exorbitant fees. It seems unfair and I would like to know the reason behind their high fee structure.
5 answers
EclipseChaser
Thu Mar 20 2025
The send fee you incur is determined by several factors.
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alexander_smith_musician
Thu Mar 20 2025
Consequently, when the blockchain fee rises, the fee you pay for sending crypto also increases. This ensures that Luno can continue to provide a reliable and efficient service despite the increased network congestion.
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EchoPulse
Thu Mar 20 2025
One of these factors is the current blockchain fee. This fee varies and is dependent on the congestion of the network.
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Alessandra
Thu Mar 20 2025
In addition to the blockchain fee, Luno also includes its operational costs in the send fee. These costs cover the expenses associated with processing your transaction.
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Giulia
Thu Mar 20 2025
When there is high demand on the blockchain network, the fee tends to increase. This happens because more transactions are competing for limited space in the blockchain.
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