Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- 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.
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.
TU Expert Verdict
Luno demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
Luno User Reviews
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5-star
5%
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4-star
38%
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3-star
38%
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2-star
0%
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1-star
19%
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Luno Commissions and Fees
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.6.5 /10Luno received a 6.5/10 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 CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.1 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.25 0.22 0.2 0.194 What are Luno deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
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 Methodology10 /10Luno 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.
- Tier-1 regulation
- 2FA
- Cold wallet storage
- Facial recognition
- Government-regulated
- No successful hacks history
- No investor protection fund
- Not U.S regulated
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 Security Factors Luno Coinbase Kraken Tier-1 regulation YesYesYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesNo2FA YesYesYesFacial recognition YesNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoYesNoIs Luno a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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: 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.
Is Luno available in the USA?
Luno is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Coinbase, Kraken, OKX .
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Deposit and Withdrawal
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 /10Luno 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.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- No P2P transfer option
- No PayPal option
- No Google Pay 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 Coinbase Kraken Bank transfers YesYesYesBank card YesYesYesCrypto YesYesYesPayPal NoYesYesWhat is Luno minimum deposit?
The minimum deposit at Luno is 1 USD/USDT or 1 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 Coinbase Kraken Minimum deposit, USD or USDT 1 10 10 Minimum deposit, BTC 1 1 1 Minimum trade amount, USD/USDT 10 2 1 Does Luno support fiat money?
Luno supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, EUR, GBP, AUD.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.2.5 /10Luno received a score of 2.5/10 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
- NTFs not available
- Crypto futures 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 Coinbase Kraken Supported coins 13 400+ 400+ Futures/Perpetual contracts NoYesYesOptions NoNoNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoPre-IPO Forex, IPO 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.
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Trading Apps & Tools
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. Learn more in our Methodology.8 /10Luno 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.
- Advanced charting with TradingView support
- Mobile indicators allowed
- Positive user feedback on the iOS app
- Android app score 4.4
- No access to Copy Trading
- No standalone desktop access
- No trading bots for traders
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 Coinbase Kraken 2FA YesYesYesFace ID YesNoNoMob Indicators YesYesYesAlerts YesYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. NoYesYesTrading with bots NoNoNoAPI YesYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. NoNoNoDoes 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.
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Customer Support
Score:We evaluated Customer Support at Luno based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria3.9 /10Luno provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- Comprehensive help center available
- Support ticket system available
- Multilingual customer support
- Phone support unavailable
- Live chat support unavailable
Luno Support Channels vs Competitors
Luno Coinbase Kraken Live Chat NoYesYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support YesYesYesContacts Foundation date 2013 Registration address 5 Shenton Way, #10-01 UIC Building, Singapore (068808) Official site https://www.luno.com/ Contacts support@luno.com
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FAQs
What trading fees does the Luno cryptocurrency exchange charge?
Luno applies spot trading fees of 0.1% for maker orders and 0.25% for taker orders. Deposits are free, while withdrawals are subject to a 0.30% fee, and the overall trading fee structure is rated 6.5/10 for competitiveness.
How do deposits and withdrawals work at Luno?
Luno supports deposits and withdrawals via bank transfers, bank cards, and cryptocurrencies, and does not charge deposit fees. The minimum deposit is 1 USD/USDT or 1 BTC, and the minimum trade size is 10 USD/USDT, with support for fiat currencies including USD, EUR, GBP, and AUD.
What do user reviews say about Luno?
Luno has a user satisfaction score of 6.2/10 based on 21 reviews, indicating mixed impressions from users. According to user reviews, 5% of ratings are 5-star, 38% are 4-star, 38% are 3-star, 0% are 2-star, and 19% are 1-star.
Which coins and markets are available on Luno?
Luno offers 13 supported coins and focuses on spot trading without futures, perpetual contracts, options, NFTs, tokenized assets, TradFi perpetuals, or prediction markets. The exchange does provide staking as a passive income option and supports fiat trading, deposits, and withdrawals in USD, EUR, GBP, and AUD.
How is customer support organized at Luno?
Luno’s customer support is rated 3.9/10, reflecting below-average accessibility and responsiveness. The exchange offers a ticket system, 24/7 support, a help center/FAQ, and multilingual support, but does not provide live chat, email support, or phone support.
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