Luno
Luno Review 2025 – Is It a Safe Crypto Exchange?
Thinking of trading with Luno? In this detailed review, we examine Luno’s regulations, account types, trading fees, platforms, and more. By the end, you’ll know whether Luno is a suitable exchange for your crypto trading needs in 2025.
| Feature | Details |
|---|---|
| Exchange Name | Luno |
| Founded | 2013 |
| Headquarters | London, United Kingdom (global operations) |
| Regulations | Complies with AML/KYC; operates under local crypto laws in supported regions (not a bank or fully licensed bank-regulated exchange) |
| Minimum Deposit | No formal minimum (varies by region and payment method) |
| Account Types | Single trading account with verification levels (Tier 1/2/3) |
| Trading Platforms | Web Platform, Mobile App (iOS & Android), API Integration |
| Instruments Offered | Spot crypto trading, instant buy/sell, wallets, DCA tools |
| Leverage | Spot only (no leveraged trading like futures) |
Regulation & Safety
Luno is a long-standing crypto exchange with global reach, following standard KYC/AML procedures and data protection practices. It is **not a bank and does not offer tier-1 banking insurance on assets**.
- Complies with AML/KYC requirements in supported markets
- Two-factor authentication (2FA) available
- Cold storage for a significant portion of crypto holdings
- Secure encrypted platforms and user data safeguards
- Periodic compliance and security reviews reported
Account Types Offered
| Account Type | Features | Trading Fees | Minimum Deposit |
|---|---|---|---|
| Level 1 (Basic) | Entry-level verification; limited deposit/withdraw limits | Taker fee ~0.10%; Maker ~0% (regional variations apply) | No formal minimum |
| Level 2 (Verified) | Higher limits; ID verification | Reduced taker fee based on tier and volume | No formal minimum |
| Level 3 (Fully Verified) | No limits; full features | Lowest taker fees with volume tiers | No formal minimum |
Trading Platforms
- Web platform with intuitive dashboard and charting
- Mobile App (iOS & Android) for trading and wallet management
- API access for automated trading and tools
- Simple buy/sell interface with price alerts
Instruments You Can Trade
- Spot trading on popular cryptocurrencies (BTC, ETH, XRP, LTC, etc.)
- Instant buy/sell via bank transfer or card methods
- Wallet storage for crypto assets
- Basic portfolio tracking and DCA tools
Spreads, Fees & Commission
- Trading Fees: Maker ~0%; Taker ~0.10% and lower with higher volume tiers
- Instant Buy/Sell Fees: May be higher than exchange trading, depending on region
- Deposit Fees: Bank transfers often free; card deposits may incur fees
- Withdrawal Fees: Crypto network fees apply; fiat withdrawal fees vary by currency and region
- Inactivity Fee: Not widely reported
Security & Measures
- Cold storage for the majority of user funds
- Two-factor authentication (2FA)
- Encryption for sensitive data
- Tiered KYC verification with increasing limits
- Secure login and session protection
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Crypto Wallet Transfers | Minutes | Network fees apply |
| Bank Transfer (Fiat) | 1–5 business days | Often free or small fee depending on region |
| Credit / Debit Card | Instant | Processing fees vary by country |
Customer Support
- Email Support
- Help Center / Knowledge Base
- 24/7 App Support
- Multi-language assistance
Pros & Cons
Pros
- Beginner-friendly with simple interface
- 0% maker fees on many trades
- No formal minimum deposit for most methods
- Supports bank transfers and card purchases
- Cold storage and 2FA for security
Cons
- Not fully insured by major tier-1 authorities
- Limited advanced trading tools compared to larger exchanges
- Fiat and card fees can be high in some regions
- Not available in all countries (e.g., Bangladesh)
Is Luno Right for You?
Luno is ideal if you want a straightforward, beginner-friendly crypto exchange with a clean interface, simple buy/sell functions, and competitive basic fees. It’s suitable for casual spot traders and long-term holders who value ease of use and clear fee structures.
However, if you need advanced trading features, margin, or access in unsupported countries, you may want to consider larger global exchanges.
If you decide to choose Luno:
FAQs About Luno
Is Luno regulated?
Luno follows AML/KYC standards in supported markets but is not a fully bank-regulated exchange and does not offer tier-1 banking insurance.
What is the minimum deposit?
There is typically no minimum for crypto deposits; fiat minimums vary by method and region.
Does Luno offer maker/taker fee tiers?
Yes — maker fees can be 0% and taker fees ~0.10%, with reductions for high volume.
How long do deposits/withdrawals take?
Crypto transfers are usually minutes; fiat bank transfers 1–5 days.
Disclaimers
Cryptocurrency trading is high-risk and may result in loss of funds. Make sure you fully understand the risks before trading.
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