How to Buy Bitcoin Cash on Luno: A Step-by-Step Guide

　　Bitcoin Cash (BCH) has gained significant popularity in the cryptocurrency market, and many investors are looking for ways to purchase it. One of the most convenient and secure platforms to buy Bitcoin Cash is Luno. In this article, we will provide you with a step-by-step guide on how to buy Bitcoin Cash on Luno.

　　1. Create a Luno account

　　The first step to buying Bitcoin Cash on Luno is to create an account. Visit the Luno website and click on the "Sign Up" button. You will be prompted to provide your email address, create a password, and complete the registration process. Once you have registered, you will receive a confirmation email to verify your account.

　　2. Verify your account

　　To ensure the security of your account and comply with regulatory requirements, Luno requires you to verify your identity. Log in to your Luno account and navigate to the "Verification" section. You will need to provide your full name, date of birth, and a copy of your government-issued ID. Once your account is verified, you can proceed to buy Bitcoin Cash.

　　3. Deposit funds into your Luno account

　　Before you can buy Bitcoin Cash, you need to deposit funds into your Luno account. Luno supports various payment methods, including credit/debit cards, bank transfers, and other cryptocurrencies. Choose your preferred payment method and follow the instructions to deposit funds. Keep in mind that some payment methods may have additional fees or processing times.

　　4. Buy Bitcoin Cash on Luno

　　Once your account is verified and you have deposited funds, you can start buying Bitcoin Cash. Here's how to do it:

　　a. Log in to your Luno account and navigate to the "Buy" section.

　　b. Select Bitcoin Cash (BCH) as the cryptocurrency you want to buy.

　　c. Choose your preferred payment method from the available options.

　　d. Enter the amount of Bitcoin Cash you want to buy or the amount of your local currency you are willing to spend.

　　e. Review the transaction details and confirm your purchase.

　　5. Store your Bitcoin Cash securely

　　After purchasing Bitcoin Cash on Luno, it's essential to store it in a secure wallet. Luno offers a built-in wallet for storing cryptocurrencies, but you can also use external wallets for added security. To transfer your Bitcoin Cash to an external wallet, navigate to the "Send" section in your Luno account and enter the recipient's wallet address.

　　In conclusion, buying Bitcoin Cash on Luno is a straightforward process. By following these simple steps, you can easily purchase Bitcoin Cash and start investing in this popular cryptocurrency. Remember to keep your Bitcoin Cash in a secure wallet and stay informed about the market to make the most of your investment. Happy trading!

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