According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Free crypto wallet, advantageous investment system, low commissions, there are pairs with fiats, high level of security
Our Evaluation of Luno
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Luno is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Luno clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Luno crypto exchange has a proprietary trading terminal with convenient functionality for trading and exchanging cryptocurrencies in crypto-crypto and crypto-fiat in both directions. There are most major cryptocurrencies, and commissions are below the market average. They also offer an advantageous investment system with a high annual interest rate. The platform pays great attention to the security of user data and funds. They have their own Learning Portal for beginners in crypto trading.
Brief Look at Luno
The Luno exchange is a multifunctional service that provides users with a free multicurrency crypto wallet called the Luno Wallet which allows you to quickly exchange, buy, and sell cryptocurrencies. The service has an investment system that allows you to make money on cryptocurrency deposits. The proprietary trading terminal is represented by a web version and a mobile application for iOS and Android. They trade Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), XRP, USDC, and other cryptocurrencies. Among fiat assets are euros and pounds sterling. For beginners, the service offers free training programs as part of the proprietary Training Center. Data and assets are protected by two-factor authentication and hot and cold hybrid asset storage. he broker is especially in demand among residents of South Africa, Malaysia, Singapore and Nigeria.
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We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
ZA :
- a convenient and functional trading terminal (web and application);
- they provide a free multicurrency wallet with free service;
- an investment system with an annual interest rate of up to 7.6%;
- a high level of information security over the platform;
- they trade most major cryptocurrencies, and there are crypto-to-fiat pairs;
- large trading volumes and high speed of the service;
- one of the lowest trading commissions (0.00% for a maker).
- no referral program;
- fiats are represented only by EUR and GBP.
TU Expert Advice
Financial expert and analyst at Traders Union
The Luno crypto exchange has been operating since 2013. The company is licensed, and its main investor is the DCG Group. The company provides services for the exchange and the sale of cryptocurrencies. There are many popular cryptocurrencies and fiat currency pairs. Fiats are currently represented by the EUR and GBP. Based on the results of the analysis, significant trading volumes and high progressive activity were confirmed.
The company’s Luno Wallet has standard functionality. The platform has its proprietary trading terminal, which is standard and with no specific or unique functions. As a feature of the platform, one can single out Luno Savings, an investment system with annual interest on cryptocurrency deposits. There are also proprietary solutions for business (API Luno). The tests revealed no technical problems.
The analysis of the exchange’s activities for 7 years did not provide data on controversial situations, deceptions, or the company’s non-compliance with its obligations to customers. The security system for data collection and the storage of funds has been recognized as reliable. Trading is convenient for beginners due to the simplicity of the trading terminal and the presence of the Learning Portal, but there are no demo accounts. Traders receive a standard trading terminal with one of the lowest commissions in the segment.
- You're a beginner, as Luno provides a user-friendly interface and comprehensive educational resources, making it an excellent choice for those new to cryptocurrency investing. Their instant buy options for major coins like Bitcoin and Ethereum, coupled with a well-reviewed app known for its simplicity, offer a seamless entry into the crypto market.
- You value regulation and security, as Luno is globally recognized for its compliance standards and prioritization of security measures. Undergoing independent security audits and maintaining robust KYC/AML procedures, Luno ensures a safe and secure trading environment for its users.
- You're looking for the lowest fees, as Luno's fee structure may not be the most cost-effective option, particularly for larger trades. If you prioritize minimizing transaction costs and seek exchanges with lower fee rates, you may want to explore alternative platforms that offer more competitive fee structures.
Luno Summary
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, EUR, and GBP |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Spot: 0,1%-0,25% |
| 🔧 Instruments: | 13 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | N/A |
| ⭐ Trading features: | Free crypto wallet, advantageous investment system, low commissions, there are pairs with fiats, high level of security |
| 🎁 Contests and bonuses: | Traders Union rebates |
Luno does not require a minimum deposit, and the registration is free. There is no leverage, no stop loss, or take profit functions. Technical support is available 24/7, but please note that there is only one way of contacting them — through tickets in the Help Center. The company does not have a call center or other operational communication channels. The main trading conditions are presented in the table below:
Luno Key Parameters Evaluation
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Regulation and safety
Luno has earned a rating of 10/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- 2FA
- Tier-1 regulation
- Government-regulated
- Facial recognition
- No successful hacks history
- Cold wallet storage
- No investor protection fund
- Not U.S regulated
Luno Security Factors
We also compared Luno against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Luno | Bybit | MEXC | |
| Tier-1 regulation | Yes | Yes | No |
| Government-regulated | Yes | Yes | No |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | Yes | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | Yes | No |
Is Luno a regulated crypto exchange?
Luno is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Luno is authorized or licensed in accordance with local regulations in the following regions: AUSTRAC in Australia, AMF in France, Indonesia, Malaysia, Nigeria, South Africa, Uganda.
Is verification (KYC) mandatory at Luno?
Yes, KYC verification is mandatory at Luno. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Luno available?
Luno complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, South Africa, Australia, Pakistan, Philippines, Israel, Sweden, Switzerland, Kenya, UAE, Iran, Islamic republic, Turkey, Bangladesh, Thailand, Egypt, Sri Lanka, Belgium, Saudi Arabia, Brazil, Vietnam, Japan, Uganda, Ghana, Morocco, Korea, Algeria, Azerbaijan, Argentina, Peru, Chile, China, Mexico, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Luno support.
Is Luno available in the USA?
Yes, Luno is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Luno commissions and fees
Luno received a 6.45/10 score for its trading fees. While Luno is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Luno trading fees?
We analyzed Luno’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Luno trading fees vs competitors
| Luno | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,25 | 0,22 | 0 | 0.194 |
What are Luno deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,30% |
Does Luno offer P2P trading?
No, Luno does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Luno received a 5.5/10 rating for its deposit and withdrawal services. While Luno covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank transfers for deposits and withdrawals
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- No Google Pay option
- Withdrawal fee applies
- No PayPal option
Deposit and withdrawal options
Luno supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Luno Deposit and withdrawal options vs competitors
| Luno | Bybit | MEXC | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Luno minimum deposit?
The minimum deposit at Luno is 1 USD/USDT or 0,00001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Luno minimum deposit vs competitors
| Luno | Bybit | MEXC | |
| Minimum deposit, USD or USDT | 1 | 1 | 1 |
| Minimum deposit, BTC | 0,00001 | 0,000006 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 1 | 1 |
Does Luno support fiat money?
Luno supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Luno received a score of 3/10 in this category, indicating a modest offering of assets and markets. While Luno covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Staking available
- Yield farming not available
- NTFs not available
Luno supported coins and markets vs competitors
We compared Luno with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Luno | Bybit | MEXC | |
| Supported coins | 13 | 638 | 2276 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Luno passive income options vs competitors
We also compared Luno with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Luno received a score of 8/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- App data protection with 2FA
- Advanced charting with TradingView support
- Positive user feedback on the iOS app
- Mobile indicators allowed
- Advanced orders not available
- No access to Copy Trading
- No standalone desktop access
Trading apps
Luno provides web and mobile apps for both Android and iOS users, with an average rating of 4,2 on the App Store and 4,4 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Luno platform is for mobile use.
| Luno | Bybit | |
| 2FA | Yes | Yes |
| Face ID | Yes | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Luno offer a desktop app?
No, Luno does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Luno offer advanced charting with TradingView integration?
Yes, Luno offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | 5 Shenton Way, #10-01 UIC Building, Singapore (068808) |
| Official site | https://www.luno.com/ |
| Contacts |
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