Luno is a digital currency exchange that allows traders to exchange a range of cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin, via an intuitive trading platform. They provide their clients with useful trading tools and a good selection of educational resources to help enhance their overall trading experience.
Luno Review, Pros & Cons
- Advanced trading platform
- A selection of educational resources
- Multiple payment methods
- Not regulated
- No MetaTrader platforms
- Limited trading instruments
In this detailed Luno review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Founded in 2013 in the United Kingdom, Luno is an exchange that allows traders to buy, store, and learn about cryptocurrencies in developing countries, such as Nigeria and South Africa. The Exchange boasts of a global clientele of over 40 million customers and more than $8 billion processed transactions. They offer easy-to-use products, from local payment methods to customer support in many different languages, thus offering a competitive cryptocurrency trading experience.
There is no regulatory information on the Exchange’s website at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
Luno’s services are accessible to traders from different parts of the globe, provided that the use of such services would not be contrary to local law or regulation.
Some Luno features and products mentioned within this Luno review may not be available to traders from certain countries because of legal restrictions.
Luno provides traders with their proprietary trading platform. It has instant buy and sell features that take the complexity out of crypto trading. From advanced cryptocurrency charting to simple Bitcoin price updates, the trading platform caters to all levels of users whilst allowing you to set price alerts for Bitcoin, Ethereum, Ripple, and Litecoin so that when the market moves, you can take full advantage or plan for the next Bitcoin price move in advance.
The Luno trading platform has the following primary features:
- Real-time market information
- Mobile trading on Android and iOS
- Advanced charts
- API access for automated trading
- CSV export, trade history, and reporting
- Depth liquidity indicators
- Fast bank deposits and withdrawals
- Competitive fee structure with market maker incentives
Luno Trading Tools
Luno provides traders with essential trading tools, including their high-quality API, which ensures easy and robust integration and automation of your trading and payment requirements.
The Exchange provides traders with a good selection of educational resources that can help them update their knowledge. They include the Trading Blog, News and Research, Help Centre, and the FAQ Section.
Luno is a digital currency exchange that allows traders to exchange a range of supported cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin, via an intuitive trading platform.
Luno Accounts & Fees
The Exchange offers traders a live trading account for online trading of the multiple cryptocurrencies available.
As broker fees can vary and change, there may be additional fees that are not listed in this Luno review. It is imperative to ensure that you check and understand all of the latest information before you open a Luno broker account for online trading.
Luno offers a dedicated customer support team that is available 24/7 via email and social media.
Luno Deposit & Withdrawal
The deposit and withdrawal methods may vary from country to country. Generally, the following payment methods are accepted at Luno:
- Bank Transfer
- Credit/Debit Cards
- Online Payment Processors
Luno Account Opening
To open a trading account, click on the ‘Sign Up’ tab and fill out the form properly, then click on submit and wait for the approval.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Founded in 2013, Luno strives to build one of the world’s most sophisticated Bitcoin security systems. Whether you are looking for a secure Bitcoin wallet, an easy way to buy cryptocurrencies, an advanced trading platform, or simply a safe space to explore and learn about Bitcoin and cryptocurrencies, Luno can help. However, Luno is unregulated which may be a red flag for some potential clients. You may wish to view our best crypto brokers for regulated alternatives.
Cryptocurrencies are new technologies that often work differently to your prior experience. They entail various risks that you should understand. Before using Luno, ensure you educate yourself about the risks associated with cryptocurrencies and not invest money that you cannot afford to lose.