Saving fees buying BTC on Luno
This is going to be a short easy to read post on how to save fees when making trades on the Luno exchange.
The concept is being a maker instead of a taker. When placing a buy/sell orders on the Luno platform, look for the price range that suits you and then, instead of clicking on one of the available price options, make a price of your own with a very small difference.
Do this until you get a notification that says there is 0.00 BTC at this price (like in the hover box displayed above). When this happens you are a Maker. Makers don't pay fees, or much reduced fees if there are any.
This isn't really suitable for instant trades, but if you have a strategy it can save Satoshi's in the long run, and that means money in your pocket.
Happy Investing for the future.
“Empty the coins of your purse into your mind, and your mind will fill your purse with coins.” – Benjamin Franklin
Wish Bittrex had this system
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