Luno Review – Is This Crypto Exchange Worth Using?

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By Austin DeNoce

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Luno Review

  • Crypto Exchange:
  • Supported Assets:
  • Crypto Market Data:
  • Educational Resources:
  • Commissions & Fees:
  • Platform Security:


The goal of Luno, a cryptocurrency exchange and investment tool, is to make it safe and simple for everyone to learn about, purchase, and store cryptocurrencies. Additionally, Luno has over 10 million users across more than 40 regions in North America, Africa, Asia, and Europe, demonstrating its significant global presence. Users of Luno can take advantage of a number of services, including a cryptocurrency exchange where they can trade, buy, and sell a selection of digital assets. The platform enables users to exchange well-known cryptocurrencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, and USDC against other fiat currencies.

Luno is a cryptocurrency exchange and investment app that aims to make it safe and easy for everyone to explore, buy, and store crypto. 

Luno Mobile App

Luno also has over 10 million users in more than 40 markets across North America, Africa, Asia, and Europe, underscoring its powerful global presence.

Luno Home

In this Luno review, we will take an in-depth look at this exchange’s key features and services to see how it measures up to other crypto platforms in the market.

Toward the end, we’ll specifically compare Luno’s features to that of Coinbase, the popular alternative on everyone’s mind.

Luno Key Features

Before we dive into the details of Luno’s services, let’s take a quick look at its key features.

Key FeaturesDescription
Crypto ExchangeBuy, sell, and trade cryptocurrencies
Supported Assets10 Assets, Including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, and USDC
Commissions and Trading FeesBuy/Sell Fees of 0.75%
Tracking Crypto MarketsReal-time price charts, asset about section, and market data
Platform SecurityTwo-factor authentication, cold storage, air gaps, and proof of reserves
Crypto Education and InsightsCrypto news, insights, community voices, and educational resources

About Luno’s Services

As mentioned, Luno provides users with various services, including a cryptocurrency exchange where users can buy, sell, and trade a range of digital assets. 

The platform supports popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, and USDC, and allows users to trade these assets against different fiat currencies. 

In addition to its exchange, Luno offers features like real-time price charts, educational resources, and an impressive selection of fundamental market data to help users track the performance of different cryptocurrencies. 

With that said, let’s dive into each service one by one.

Crypto Exchange

Luno’s primary service is acting as a fully-functioning cryptocurrency exchange where users can buy, sell, and trade the most popular digital assets. 

Supported Assets

Currently, Luno supports the following 10 cryptocurrencies:

  •  Bitcoin
  •  Ethereum
  •  XRP
  •  Bitcoin Cash
  •  Litecoin
  • Uniswap
  •  Chainlink
  •  Cardano
  •  Solana
  •  USD Coin

While Luno does an excellent job of including the most popular crypto assets, it is worth noting that other crypto platforms generally offer a more extensive range of assets. 

Luno Supported Assets

If you are looking for a platform with a broader range of cryptocurrencies, Luno may not be the best choice.

Commissions and Trading Fees

Luno’s trading fees start at 0.75%, which is relatively competitive compared to other instant-buy crypto exchanges, but still far exceeds most crypto trading platforms.

Luno Buy Crypto

However, Luno also offers free deposits, withdrawals, bank transfers, and no charge for receiving crypto transfers.

Crypto Market Data

One of the most impressive features of Luno is the fundamental crypto data it includes from transaction history to hash rate to daily active addresses and plenty more.

Luno Fundamental Data (Tracking Markets)

Luno also offers real-time price charts, an asset “About” section, and a “Dive Deeper” page to help users track seemingly countless data-driven heuristics.

Luno Dive Deeper

Luno Price Charts

Luno’s price charts are easy to use and offer several timeframes, including a daily and all-time chart. 

Luno Price Chart

However, it is important to note that all of Luno’s charts are line charts, not advanced trading charts with candlesticks. 

The charts also don’t include technical indicators, such as moving averages and Bollinger bands, but they serve as a basic visual representation for long-term price action.

Crypto Asset “About” Section

Luno’s asset “About” section provides users with detailed information about each cryptocurrency so investors can better familiarize themselves with the asset’s respective use case. 

Users can also view a brief history of the cryptocurrency and its current price trend.

Statistics, Trends, Token Summary, Signals, and Other Market Data

As alluded to earlier, Luno provides data and graphics for things like daily active addresses, transaction volume, average ownership time, Twitter sentiment, search trends, and more.

Through its partnership with IntoTheBlock, Luno provides users with even more fundamental market data, including exchange, network, ownership, derivatives, mining, and financial metrics for both Bitcoin and Ethereum. 

This “Deep Dive” feature can be incredibly useful for serious investors who want to stay up to date with all the latest fundamental trends in the crypto market.

Platform Security

As we’ve all learned the hard way in crypto, platform security is a crucial factor to consider when choosing a crypto platform

Bearing this in mind, Luno takes several measures to ensure the security of its users’ funds.

Proof of Reserves

Luno regularly conducts proof of reserves to ensure that it holds enough cryptocurrency to cover its users’ balances.

This helps to ensure that users’ funds are secure and not at risk of being lost due to insolvency.

Freezing (Cold Storage), Hot Wallets, Air Gaps, and Two-Factor Authentication

Luno uses a combination of hot wallets and cold storage to ensure the security of its users’ funds, with the hot wallets used to store a small percentage of users’ funds for faster withdrawals and trading. 

The majority of users’ funds are stored in cold storage, which is not connected to the internet and therefore less susceptible to hacking attempts.

Luno also uses air gaps, which means that the cold storage devices are physically isolated from the internet and any potential threats.

Additionally, Luno requires two-factor authentication for all transactions, which adds an extra layer of security to users’ accounts.

Crypto Education and Insights

Another excellent suite of features Luno offers is its comprehensive range of educational resources to help users learn about different cryptocurrencies and the inner workings of the market.

Crypto News

Luno’s Discover section features a news section, which provides users with the latest news and updates in the world of cryptocurrency. 

As one would imagine, this can be very useful for users who want to stay up to date with all the chaotic developments in the market.

Crypto Insights

Luno’s Discover section also features an insights section, which provides users with in-depth analysis of different cryptocurrencies and the overall market trends. 

This can be a handy resource for users who want to understand the fundamentals of different cryptocurrencies and make informed trading decisions.

Community Voices

Another learning resource within Luno is its community voices section, which includes articles and interviews with leading figures in the crypto community. 

This can be a great service for users who want access to insights and perspectives from experts in the field or just those who want a better look at some of the industry’s thought leaders.

Crypto Basics

Finally, Luno even includes a crypto basics section, which provides users with an extensive introduction to the fundamentals of cryptocurrency. 

For anyone just getting started, this is a simple and digestible way to learn more about the technology and its applications in plain english.

How Luno Compares to Coinbase

Coinbase is one of the most popular crypto platforms in the market, so it’s worth comparing its features to Luno’s.

Both Luno and Coinbase offer a user-friendly cryptocurrency exchange where users can easily buy, sell, store, and trade cryptocurrencies. 

However, Coinbase supports a broader range of crypto assets (170+) compared to Luno (10), and it also offers a wider range of trading pairs.

In terms of fees, Coinbase’s fees can be higher than Luno’s, with trading fees starting at 0.4% but instant-buy fees starting at 1.49%, compared to Luno’s 0.75%. 

However, and perhaps most importantly, Coinbase offers a more extensive range of features, such as margin trading, staking, crypto cards, Web3 features, and plenty more, which may justify the higher fees for some users.

That said, Luno may have the edge in fundamental market data, as the design and breadth of the market information it provides essentially goes unanswered by Coinbase.

Overall, Luno is a suitable platform for users who are looking for a straightforward, affordable, and secure way to buy, sell, and trade crypto, but it’s also excellent for fundamental analysis. 

Nevertheless, if you’re looking for a platform with a more extensive range of features and supported assets, Coinbase may be the better choice.

Conclusion: Luno Review

In summary, Luno is a user-friendly, secure, and fairly affordable cryptocurrency exchange and investment app that offers a range of services to buy, sell, study, and learn about crypto markets. 

The platform’s fundamental market data features help it stand out, but its range of supported assets and other crypto services may be limited for some users. 

While Luno is suitable for users who prefer a straightforward and secure platform, Coinbase may be a better choice for those who require a wider range of features and supported assets. 

Ultimately, choosing the right platform will depend on each user’s needs and preferences, so we encourage you to see firsthand how Luno’s services suit you.

Key Features

  • Crypto exchange with support for popular cryptocurrencies
  • Real-time price charts, asset summaries, and market data
  • Two-factor authentication, cold storage, air gaps, and proof of reserves for platform security
  • Range of educational resources for users, including news, insights, community voices, and crypto basics
  • Competitive trading fees starting at 0.75%
  • Impressive fundamental market data that includes statistics, trends, token summary, signals, and additional data
  • Global presence in over 40 markets across North America, Africa, Asia, and Europe
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Austin DeNoce

Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein. Austin specializes in topics related to cryptocurrencies and blockchain technology.

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