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3.24/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $1
Trading platform:
  • Proprietary platform
Trading features
  • Free crypto wallet, advantageous investment system, low commissions, there are pairs with fiats, high level of security
Check out the Best crypto exchanges of South Africa
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Our Evaluation of Luno

3.24/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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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Advantages of trading with Luno:
  • 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).
Disadvantages of Luno:
  • no referral program;
  • fiats are represented only by EUR and GBP.

TU Expert Advice

Anton Kharitonov

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.

Trade with this broker, if:
  • 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.
Do not trade with this broker, if:
  • 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

User Satisfaction i

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rojoloco47
11 weeks ago

The Luno platform offers an investment system with annual returns of up to 7.6% - very good conditions, especially considering the current market situation. Everything is transparently designed, accumulations are stable and, generally speaking, the offering seems reliable. Personally, the passive income format suits me - you can invest and quietly observe how the system works. But there's one thing that spoils the overall impression a little: the mobile app is sometimes slow. The interface itself is handy, but there are delays when moving from one section to another or when loading data. I hope this problem will be solved by updates, as the product itself is good and I'd like it to work as well as possible.

La plateforme Luno propose un système d'investissement avec des rendements annuels allant jusqu'à 7,6 % - de très bonnes conditions, surtout si l'on considère la situation actuelle du marché. Tout est conçu de manière transparente, les accumulations sont stables et, de manière générale, l'offre semble fiable. Personnellement, le format de revenu passif me convient - vous pouvez investir et observer tranquillement comment le système fonctionne.
Mais il y a une chose qui gâche un peu l'impression générale : l'application mobile est parfois lente. L'interface elle-même est pratique, mais il y a des retards lorsqu'on passe d'une section à l'autre ou lorsqu'on charge des données. J'espère que ce problème sera résolu par des mises à jour, car le produit lui-même est bon et j'aimerais qu'il fonctionne aussi bien que possible.

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sherryy
15 weeks ago

I've been trading with luno for some time now, and I can say that I really like the platform for its speed and stability. All transactions are fast, there are no blockages or glitches - which is particularly nice in busy market periods, when every second counts. Transaction volumes are also impressive, so you can feel good liquidity. As far as currencies are concerned, only euros and pounds sterling are available. This is a feature of the platform rather than a drawback. If you work with these currencies, you won't have any problems. But those accustomed to using, say, dollars or other currencies will have to adapt a little. For the rest, trading is comfortable. The platform handles the load well, order execution is clear and, technically, everything seems reliable.

Je négocie avec luno depuis un certain temps maintenant, et je peux dire que la plateforme me plaît vraiment par sa rapidité et sa stabilité. Toutes les transactions sont rapides, il n'y a pas de blocages ou de pépins - ce qui est particulièrement agréable en période de forte activité sur le marché, lorsque chaque seconde compte. Les volumes de transactions sont également impressionnants, vous pouvez sentir une bonne liquidité.
En ce qui concerne les devises, seuls l'euro et la livre sterling sont disponibles. C'est une caractéristique de la plateforme plutôt qu'un inconvénient. Si vous travaillez avec ces devises, vous n'aurez aucun problème. Mais ceux qui ont l'habitude d'utiliser, par exemple, des dollars ou d'autres devises devront s'adapter un peu.
Pour le reste, le trading est confortable. La plateforme supporte bien la charge, l'exécution des ordres est claire et, techniquement, tout semble fiable.

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ursulaex60
2 years ago

I didn't like this company. There were already very terrible slippages, most of the transactions were knocked out with hairpins, which disappeared after a couple of days, somehow looks like a fraud. Yes, and the money was withdrawn for 2 months ...

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MalirKn
2 years ago

I got burned trading with this broker. The first month even made a profit. I remember how much joy there was then) But already in the second month something went wrong. It was unprofitable, like the third one, although the losses were not very large, so I did not expect anything bad, on the contrary, I thought that there would be a reversal now. And then in one day my money was gone!

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RobertGor
3 years ago

I was looking for a reliable company that makes it possible to use cryptocurrencies to receive passive income. You cannot invest in accounts with a deposit freeze and high-interest rates on Luno. But for funds free from trading, the broker charges from 2%, which, together with high-security guarantees, suits me. After I studied the trading conditions of the broker, I began to think that it would be nice to try trading. Luno offers authored training courses. I will have to look for information on other resources, but I will definitely trade on luno.com.

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Wilberen
3 years ago

I trade on Luno using a mobile application that can be downloaded from markets or via a QR code on the company's website. I can't devote much time to trading, so I liked Luno’s customizable automatic coin purchase function. Additional pluses of the interface and trading platform are understandable even for a beginner. The methods for withdrawing funds in fiat for different regions are different, but basically, it is a bank transfer, which is not very convenient for me. The advantage is that only the receiving bank takes the commission. In general, I am satisfied with this broker.

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kathrynzb69
3 years ago

Any crypto exchange, to one degree or another, focuses on attracting customers through various bonuses and promotions. Luno also has such offers, but my choice was not based on the number of free goodies. First of all, I liked the broker because its trading commissions are much lower than those of its competitors. Another important point is the high degree of account security and guarantees of the safety of funds. I have only recently cooperated with Luno, but I am already convinced that trading here is profitable and safe.

Score:
Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology
10/10

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.

Advantages of Luno
  • 2FA
  • Tier-1 regulation
  • Government-regulated
  • Facial recognition
  • No successful hacks history
  • Cold wallet storage
Disadvantages of Luno
  • 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.

Score:
This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.
6.45/10

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.

Advantages
  • Spot fee below industry average
  • No deposit fee
Disadvantages
  • 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.

Score:
We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.
5.5/10

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.

Advantages
  • Bank transfers for deposits and withdrawals
  • No deposit fees
  • Many cryptocurrencies for deposits and withdrawals
  • Bank cards accepted for instant deposits
Disadvantages
  • 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:

Score:
3/10

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.

Advantages
  • Fiat currencies supported
  • Staking available
Disadvantages
  • 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.

Luno Bybit MEXC
Staking Yes Yes Yes
Yield farming No No Yes
Copy trading No Yes Yes
Score:
This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles.
8/10

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.

Advantages
  • App data protection with 2FA
  • Advanced charting with TradingView support
  • Positive user feedback on the iOS app
  • Mobile indicators allowed
Disadvantages
  • 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

Latest Luno News

12.09.2023
Glory Faleke
Luno suspends crypto investments for UK clients
​Cryptocurrency exchange Luno has announced plans to temporarily suspend the ability of certain users to invest in cryptocurrencies. The decision to
07.07.2023
Glory Faleke
Luna developer announces launch of AI Playground 'Block Entropy' on Terra Classic blockchain
The Terra Luna Classic core developer, Professor Edward Kim, has announced extensive research into the 'Block Entropy' artificial intelligence network
19.04.2023
Glory Faleke
Crypto exchange Luno leaves the Singapore market
Cryptocurrency exchange Luno announced that it is exiting the digital asset market in Singapore. As of June 20, 2023, Luno will cease operations and no

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