Luno Review

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Luno Review
Luno Review

Luno Review – Secure Cryptocurrency Exchange And Trading Platform

Luno is a promising and rapidly growing exchange that mainly focuses on rising markets such as Nigeria, Indonesia, and Malaysia. These countries are pretty uncommon on most of the Bitcoin Exchanges. The company started its operations in 2013 under the name BitX and then renamed as Luno in 2016.

Luno works globally with offices at three different places- Singapore, London, and Capetown and has 100 employees. The company’s investment graph has reached $15 million with three million users from 50 countries.

The fee structure of the company may look very enticing, but it can be very tricky. Therefore, have a good look at it to avoid bad taste in the future.

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Key Features

An advanced trading platform (Bitcoin-to-fiat) that offers its users highly updated charting tools, excellent reporting, awesome indicators, and API access for executing auto trading. As Luno is going through a developing phase, its trading volumes are not that high, but they are not bad either. Litecoin, XRP, Ethereum, and Bitcoin cash are the latest offerings.

Instant Purchasing/Selling

Just like many other exchanges, Luno facilitates its user with simple methods of Ethereum or Bitcoin trading without using any exchange. The company offers both services- buying and selling and in return, the buyer or seller is charged with a premium. The premium depends on several factors, which include the purchasing amount and the country of buyer or seller. This is a shortcoming in their system because it can be difficult to get a fixed number based on their fee schedule.

Luno Mobile Wallet

Luno mobile wallet is another wonderful feature that allows users to connect their Luno account with a mobile wallet solution. This way, users can access their accounts from anywhere. However, the company controls your funds, so you won’t be able to see your private seed or key.

Luno Review - Luno Is A Secure Cryptocurrency Exchange And Trading Platform That Lets You Buy, Sell, Store And Trade BTC, ETH, XRP, And More.

Luno Fees

Fees depend on the maker/taker fee schedule on exchange platforms. In simpler words, makers won’t have to pay any fee, and the takers will be charged 0.25-1 percent based on the currencies in which the trade is made.

Moreover, the fee for the “instant buy” feature is not predefined, and it depends on your country and the trade volume. Therefore, it is highly recommended to check the fee here before making any purchase properly.

Luno doesn’t welcome US investors. If you are a US investor, this is not an option for you. However, US investors have other options such as CEX.io, Kraken, KuCoin, etc.

Pros

  • Intuitive UI
  • They are serving developing markets.
  • More suitable for new or intermediate traders.

Cons

  • Available in limited countries
  • Only a limited number of cryptocurrencies available

Conclusion

You can be a member of this company the next minute. All you have to do is to sign up and send in some Bitcoins. Your profits start calculating the moment you successfully make a deposit.

Visit the Official Luno website


FAQ

  • How do you buy Bitcoins on Luno?

    – Sign up to Luno
    – You can buy Bitcoin using cash: you can link your debit/credit card or bank account

  • Is Luno safe?

    Luno is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa).

  • How can I withdraw money from Luno?

    Luno supports multiple different payment methods. Select the fiat currency you’d like to withdraw and the payment method.

Visit the Official Luno website

Luno score
  • 9.3/10
    Cost - 9.3/10
  • 9.5/10
    Support - 9.5/10
  • 9.5/10
    Reliability - 9.5/10
9.4/10

Luno Summary

Luno is a promising and rapidly growing exchange that mainly focuses on rising markets such as Nigeria, Indonesia, and Malaysia. These countries are pretty uncommon on most of the Bitcoin Exchanges. The company started its operations in 2013 under the name BitX and then renamed as Luno in 2016.

Luno works globally with offices at three different places- Singapore, London, and Capetown and has 100 employees. The company’s investment graph has reached $15 million with three million users from 50 countries.

The fee structure of the company may look very enticing, but it can be very tricky. Therefore, have a good look at it to avoid bad taste in the future.


? LUNO BEST EXCHANGE FOR BUYING & TRADING CRYPTO ?

Visit the Official Luno website

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