Luno

3.8(700 reviews)

Beginner-friendly crypto exchange with focus on emerging markets

FCA RegulatedSince 2013

Trust Score

Very Good

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

0 €

Min. Deposit

Instruments

FCA

Regulation

Platforms

Key Features

Bitcoin

Bitcoin trading available

Ethereum

Ethereum trading available

Altcoins

Altcoins trading available

Savings Wallet

Savings Wallet trading available

Luno Web

Trading Platform

Luno App

Trading Platform

Advantages

Very user-friendly and ideal for beginners
FCA-regulated and part of Digital Currency Group
Savings wallet for interest earnings on crypto
Strong presence in emerging markets (Africa, Southeast Asia)

Disadvantages

Limited coin selection (under 30 coins)
Instant buy fees relatively high (0.75%)

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Luno

Luno was founded in 2013 in Cape Town and is now headquartered in London. The crypto exchange belongs to the Digital Currency Group and is regulated by the UK FCA. Luno specializes in emerging markets and has a particularly strong presence in Africa, Southeast Asia, and Europe. The platform is characterized by extreme user-friendliness and was specifically designed for crypto beginners. The Instant Buy feature enables quick cryptocurrency purchases, while the Exchange function offers more experienced users order book-based trading with lower fees. The Savings Wallet allows users to earn interest on their crypto holdings. Luno targets first-time cryptocurrency investors, particularly in emerging markets where traditional financial services are often difficult to access. The coin selection is intentionally kept small and includes fewer than 30 carefully selected cryptocurrencies.

Luno FAQ

In which countries is Luno available?

Luno is available in over 40 countries, with a strong presence in South Africa, Nigeria, Malaysia, Indonesia, and various European countries. Feature availability may vary by region.

What is the Luno Savings Wallet?

The Savings Wallet is a feature that allows users to earn interest on certain cryptocurrencies like Bitcoin and Ethereum. Interest is calculated daily and paid out regularly. Deposits can be withdrawn at any time.

Why does Luno offer so few coins?

Luno follows a curative approach and only lists cryptocurrencies that meet strict review criteria. This aims to protect beginners from high-risk tokens and ensure the quality of the offering, even though the selection is limited as a result.