Managed to get my first $$$ out of Luno into my FNB account. Wanted to test the process, and it's actually pretty straight forward. I will be keeping my BTC in my wallet and only transfer when I want to cash out instead of leaving funds in Luno, but yeah, pretty quick and easy.
Transferred $50- worth of BTC from Bitgo to Luno last night, and when all was said and done I had ~R682 in my account this morning. All in all not bad, but there are definitely some ways to optimize cost and getting most bang for buck.
Also, everything done from my phone using the Luno app, so pretty happy with that.
Edit: I just had a look on XE.com to get a quick and nasty compare of the exchange rate for $50 to ZAR, and even with all the transaction and account fees between Bitgo and Luno, I still got more out than what XE.com would have given me for $50.
Transferred $50- worth of BTC from Bitgo to Luno last night, and when all was said and done I had ~R682 in my account this morning. All in all not bad, but there are definitely some ways to optimize cost and getting most bang for buck.
Also, everything done from my phone using the Luno app, so pretty happy with that.
Edit: I just had a look on XE.com to get a quick and nasty compare of the exchange rate for $50 to ZAR, and even with all the transaction and account fees between Bitgo and Luno, I still got more out than what XE.com would have given me for $50.