Who can use this feature?
When do I get payouts?
Now that you have an idea of how much your staked crypto could earn, let’s talk about when you can expect payouts to arrive in your Staking Wallet.
First payout
Once you’ve added crypto to your Staking Wallet, there’s a waiting period before you earn your first payout.
Why the delay? Staking solutions are different depending on the cryptocurrency, and registering newly staked coins can take anywhere from a few minutes to 4 weeks. Ultimately, this waiting period is outside of Luno’s control – it depends on the blockchain’s design and how much demand there is on the blockchain, which can create queues.
We will always provide you with an estimated waiting period in the app before you commit any funds.
Regular payouts
After you get your first payout, you’ll start receiving your rewards like clockwork, at regular payout intervals.
When you increase your stake by topping up your Staking Wallet with more funds, those additional funds will go through the same waiting period as well. In other words, your regular payouts won’t immediately increase in value. The first one or two payouts may be the same, then you’ll start to get larger payouts as your newly-staked crypto comes into effect.
Last payout
You’ll continue to receive regular payouts until you decide to unstake your cryptocurrency (move it out of the Staking Wallet).
Similar to the waiting period for your first reward, the time it takes to move funds out of your Staking Wallet depends on the blockchain and demand on the network. This is outside of Luno’s control, but we’ll always provide you with an estimated waiting period in the app before you commit any funds.
By the way, what am I actually being paid for?
Your staked crypto is used to validate transactions on that cryptocurrency’s blockchain. The payouts are a reward for your contribution to keeping the blockchain running smoothly and securely.
Get R200 worth of Bitcoin when you link your ETH addresswith your Luno wallet.
Use the promo code to redeem your rewards :
