Luno Review
Key takeaways from this review:
- Secure and user-friendly crypto exchange with a wide coin selection.
- Easy-to-use interface and available to US-based crypto traders.
- Limited crypto selection compared to top exchanges.
Luno Pros & Cons
Side Note: We've have reviewed over 100+ crypto exchanges, and ranked them on their fees, markets and availability.
What is Luno?
Luno is a cryptocurrency platform that allows users to buy, sell, store and trade digital assets with a secure mobile app. It is a secure and easy-to-use platform that makes it easy to get started with cryptocurrencies. With a simplified user interface, Luno is perfect for beginners who don't need too many advanced trading features.
Luno Product & Features
1. Buy/Sell - Luno allows users to buy and sell Bitcoin, Ethereum, and other cryptocurrencies with their local currency. They offer competitive rates and a range of payment methods, including bank transfers, debit cards, and credit cards.
2. Wallet and Mobile Trading App - Luno provides a secure wallet and mobile trading app for users to store their digital assets. The wallet is protected with two-factor authentication and a range of other security measures.
3. Exchange - Luno also offers a cryptocurrency exchange, allowing users to trade cryptocurrencies with each other. The exchange has a range of order types, including market, limit, and stop orders.
4. Security - Luno takes security seriously, with a range of measures to protect users’ funds. These include two-factor authentication, cold storage, and advanced encryption.
Is Luno Exchange Available to US Citizens?
Luno is indeed available in the USA, allowing cryptocurrency enthusiasts in the country to access its services.
This availability provides an opportunity for US-based traders and investors to engage in buying, selling, and storing various digital assets offered by Luno. Luno is a great alternative to other US-based exchanges like Coinbase.
Luno Fees - Trading and Withdrawal
Luno charges maker and taker fees of 0.75% for all trades. This fee is applied to the total amount of the trade.
It's has a withdrawal fee of 0.0001 BTC for all Bitcoin withdrawals. This fee is applied to the total amount of the withdrawal. Other cryptocurrencies may have different withdrawal fees
Luno Alternatives
Luno is a solid exchange but there are several other crypto exchanges that offer wide variety of coins, low trading fees and user-frienldy interface.
Here are three of the best:
- Binance: Binance is one of the most popular crypto exchanges in the world. It offers a wide variety of coins, low trading fees, and a secure platform. It also has a user-friendly interface and a mobile app for easy trading on the go.
- Kraken: Kraken is another popular crypto exchange that is known for its advanced security measures. It also offers a wide selection of coins, low fees, and a user-friendly interface.
- eToro: eToro offers easy-to-use features for new traders like Copy Trading and a solid mobile wallet. eToro is also available to US-based traders. See our eToro review here.
How to Sign up on Luno Crypto Exchange?
Here comes the step by step instructions on how you can sign up on Luno Exchange.
- Visit Luno Crypto Exchange
- Click on "Sign Up"
- Enter your email address and a secure password and complete the Captcha
- Click ‘Let's Go’
- Verify your email address
- Complete the ‘Know Your Customer’ process
- Start buying, selling and storing cryptocurrency with Luno!
