Luno Review: Fees, Pros, Cons and More 2025

Luno trading provides an atmosphere of spaciousness reminiscent of the rear footwell of a vehicle converted to a cozy sleeping area by using its Air Mattress. I have never gotten scammed like another crypto wallet that blocks their user access and never gives their hard-earned money to their user. Please use this wallet as much as possible if you want to keep your crypto safe. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report.

• When reviewing exchanges, we cater to all types of traders, from beginners to advanced.
• Outside of its focus on emerging markets, Luno is also noteworthy from a user interface perspective.
• Knowing which Bitcoin hardware wallet to buy and setting it up can be a daunting task, especially if you’re new to the world of cryptocurrency.
• This availability provides an opportunity for US-based traders and investors to engage in buying, selling, and storing various digital assets offered by Luno.
• The platform is available in over 40 countries, though most features and trading pairs are location specific.

Security and Transparency

In my opinion, this limits users’ ability to access new tokens early in their lifecycle. Compared to market standards, where fiat deposit fees range from 0% to 5%, Luno’s rates are competitive but not the most cost-effective. Some exchanges, such as Binance or Coinbase, offer free ACH deposits. Luno’s fee structure is competitive compared to industry averages in the UK, Uganda, Indonesia, and Australia. The calculated fees are based on the typical trading volume range equivalent to $0 – $10,000.

Send and Receive Fees

With such a wide variety of crypto exchanges, it can be pretty hard to pick one, especially if you’re a beginner. luno exchange review However, in this Luno review, I’ll introduce you to one of the more popular choices. Ethereum (ETH) is currently one of the few cryptocurrencies supported by the Luno exchange.

Luno Daily Withdrawal Limits

With a simplified user interface, Luno is perfect for beginners who don’t need too many advanced trading features. The goal of Luno, a cryptocurrency exchange and investment tool, is to make it safe and simple for everyone to learn about, purchase, and store cryptocurrencies. Additionally, Luno has over 10 million users across more than 40 regions in North America, Africa, Asia, and Europe, demonstrating its significant global presence.

• Withdrawal and deposit fees at Luno depend on the amount and type of fiat currency you use.
• While most of the countries where Luno is available are in Europe, there are a number of African countries where the platform is available as well.
• If you need help getting started with trading on Luno, then there are plenty of tutorials available online.
• There are ETH/BTC order books on Luno with volume of about 1,700 ETH so it is not being tracked appropriately by Coin Market Cap.
• There is no such thing as a Luno promotion code hack that works all the time, but you might want to follow up with their promotions in your country.
• The app caters to all experience levels, with an intuitive design, strong security, and essential tools for managing trades and portfolios efficiently.

Luno Price Charts

I can see my money in solscan.io in my luno wallet and yet luno Says they can’t do nothing about it because I should of sent Solana not cash . I can physically see my money but can’t do nothing about it because luno doesn’t care about their clients they only care for their own profits. If this was any other exchange this would have been resolved in 5 minutes yet luno Says it’s beyond their control .Worst ever wallet . I reported a missing deposit on November 15, and by November 20, my account was shut down without explanation. Luno claims the funds were successfully allocated to the intended wallet. When I notified them that I didn’t receive the funds and suggested there might have been a hack or error, I asked for transaction proof.

Like most other cryptocurrency exchanges out there today, Luno is also available as a mobile application. This means that you no longer need a desktop to access the cryptocurrency trading world. As long as you can download apps from App Store or Google Play, you’re good to go. This may be a drawback if you want to trade futures on the exchange.

Luno has a referral program that allows users to easily refer friends and family by sending an invite code. Luno gives users two methods to purchase and trade cryptocurrencies. While Luno is suitable for users who prefer a straightforward and secure platform, Coinbase may be a better choice for those who require a wider range of features and supported assets. Another excellent suite of features Luno offers is its comprehensive range of educational resources to help users learn about different cryptocurrencies and the inner workings of the market.