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Home - Luno Cryptocurrency Exchange Review – The World’s Most Trusted, Secure and Reliable Bitcoin Exchange

Luno Cryptocurrency Exchange Review – The World’s Most Trusted, Secure and Reliable Bitcoin Exchange

Magnesia
Last updated: 11/02/2023 11:05 pm
Magnesia
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Luno Cryptocurrency Exchange Review - The World’s Most Trusted, Secure and Reliable Bitcoin Exchange
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Ledger Nano X - The secure hardware wallet

The Luno Cryptocurrency team comes from a wide range of backgrounds in engineering, finance and industry, but all united in our passion to revolutionise the way people use money. Most of our team have lived in or worked across many different countries, speak multiple languages, and have successful track records working at top global companies such as Google, Amazon, Morgan Stanley, Barclays and Ernst & Young.

Contents
    • About Luno Cryptocurrency
    • How To Sign Up & Start Trading
      • You Sign Up For A User Account By Providing Basic Information.
      • You Then Receive An E-mail In Your Mailbox To Activate Your Account.
      • Identity Verification
    • Luno Cryptocurrency Exchange Hosting Details
    • Enable 2-Factor Authentication (2FA)
    • Supported cryptocurrencies
    • Withdrawal fees
    • Deposit fees
    • Trade fees
    • Instant buy/sell fees
    • Instant buy/sell transaction limit
    • Crypto/fiat pairs
  • Verification levels and limits
    • Open and equal
    • Luno — Bitcoin & Ethereum wallet and exchange
    • Why Choose Luno
      • Buy Bitcoin and Crypto with Ease
      • Set Bitcoin Price Alerts or Utilise Advanced Charting
      • Trade Bitcoin and Cryptocurrencies
      • Safely Secure Your Funds with our Crypto & Bitcoin Wallets
      • Supported Countries
    • Luno FAQ

Founded in 2013, Luno has been in cryptocurrency for almost as long as Bitcoin. We believe wholeheartedly that cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin have the ability to upgrade the world to a better financial system. With 8+ billion dollars in processed transactions, we believe have built one of the world’s most sophisticated Bitcoin security systems, and have never been compromised.

Luno expert teams have worked all over the world for top tech and finance companies. They’ve been pulled together from Google, Amazon, Morgan Stanley, Barclays and others, on a mission to upgrade the world to a better financial system. Find out more on the careers page

About Luno Cryptocurrency

Luno Exchange believe that decentralised cryptocurrencies like Bitcoin and Ethereum will fundamentally change how the world views and uses money. As early pioneers in this industry, they feel it’s our duty to bring this knowledge and excitement to the world as best we can. It takes a certain breed of person, with a special system of values, to take on a challenge of such epic proportions.

This phrase was made popular by the community in reference to Bitcoin’s rocketing price, and now also reflects our optimism and excitement for this technology. Whether you’re sitting in a London penthouse, or on a beach in Bali, when you look up at the evening sky, the moon is one of the world’s only constants, and in many ways, the one true leveller. We believe Bitcoin has the same potential for an open, equal financial system.

At Luno they are striving to create as safe, simple and feature rich an experience as possible for our customers, as they make their way into the world of Crypto. Whether you’re looking for a secure Bitcoin Wallet, an easy way to Buy Bitcoin (BTC) or Cryptocurrencies such as Ethereum (ETH), Ripple (XRP) or Litecoin (LTC), an advanced crypto trading platform, or simply a safe space to explore and learn about Bitcoin and cryptocurrencies, we have you covered.

ExchangeDetails
Exchange NameLuno Cryptocurrency
Exchange TypeCryptocurrency
Coins5
 Trading Pairs23
 Websitehttps://www.luno.com/
Support24/7
 Social SupportTwitter
 Alexa Rank1753
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Luno Cryptocurrency Exchange Hosting Details

  • Datacenter: Cloudflare, Inc.
  • Server IP: 172.67.5.25
  • Location: Canada
  • City: Montreal
  • Domain Who Is: Click Here
  • Nameservers: pablo.ns.cloudflare.com, barbara.ns.cloudflare.com

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

Supported cryptocurrencies

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Litecoin (LTC)
CurrencyMethodFee
BTCReceive by Bitcoin addressFree*
BTCReceive by email address or mobile numberFree
BCHReceive by Bitcoin Cash addressFree
ETHReceive by Ethereum addressFree
XRPReceive by Ripple addressFree
LTCReceive by Litecoin addressFree

* For receive amounts to the value of BTC 0.0001 and lower, Luno charges an equivalent transaction fee.

Withdrawal fees

CurrencyMethodFee
EURSEPA transferEUR 0.30

Deposit fees

CurrencyMethodFee
EURiDEALFree
EURDebit or credit card depositFree
EURSEPA transferFree
EURCheckout Cards EURFree
EURSOFORTFree

Trade fees

Your total 30-day trading volume is calculated each day by summing up all of your trading activity across all markets on the Luno Exchange platform over the last 30 days (converted to your primary currency). You are then assigned a fee tier based on this total 30-day volume according to the table below.

CurrencyTier 1Tier 2Tier 3
EURLess thanEUR 100,000.00More thanEUR 100,000.00More thanEUR 1,000,000.00

Your trading fee for each market depends on your assigned tier according to the table below. Learn more

MarketTier 1 Tier 2 Tier 3 
Maker FeeTaker FeeMaker FeeTaker FeeMaker FeeTaker Fee
BCH/BTC0.00%0.25%0.00%0.20%0.00%0.15%
BTC/EUR0.00%0.25%0.00%0.20%0.00%0.15%
ETH/BTC0.00%0.25%0.00%0.20%0.00%0.15%
ETH/EUR0.00%0.25%0.00%0.20%0.00%0.15%
LTC/BTC0.00%0.25%0.00%0.20%0.00%0.15%
XRP/BTC0.00%0.25%0.00%0.20%0.00%0.15%

* Promotion for limited time

Instant buy/sell fees

CurrencyMethodFee
EURCard3.5%
EURGoogle Pay3.5%
EURWallet1.5%

Instant buy/sell transaction limit

These limits are applied per instant buy/sell transaction. There is no limit on the number of transactions that can be done. These limits do not apply to the exchange.

Crypto/fiat pairs

MarketCryptocurrencyLocal currency
BCH/EURBCH 0.002 – BCH 40.00EUR 1.00 – EUR 8,000.00
BCH/GBPBCH 0.002 – BCH 20.00GBP 1.00 – GBP 8,000.00
BTC/EURBTC 0.0005 – BTC 2.00EUR 1.00 – EUR 8,000.00
BTC/GBPBTC 0.0005 – BTC 2.00GBP 1.00 – GBP 8,000.00
ETH/EURETH 0.01 – ETH 100.00EUR 1.00 – EUR 8,000.00
ETH/GBPETH 0.01 – ETH 100.00GBP 1.00 – GBP 8,000.00
LTC/EURLTC 0.01 – LTC 200.00EUR 1.00 – EUR 8,000.00
LTC/GBPLTC 0.01 – LTC 200.00GBP 1.00 – GBP 8,000.00
XRP/EURXRP 0.10 – XRP 80,000.00EUR 1.00 – EUR 8,000.00
XRP/GBPXRP 0.10 – XRP 80,000.00GBP 1.00 – GBP 8,000.00
MarketCryptocurrencyCounter currency
BCH/BTCBCH 0.002 – BCH 40.00BTC 0.0005 – BTC 2.00
BCH/ETHBCH 0.002 – BCH 20.00ETH 0.01 – ETH 100.00
BCH/LTCBCH 0.002 – BCH 20.00LTC 0.01 – LTC 200.00
BCH/XRPBCH 0.002 – BCH 20.00XRP 0.10 – XRP 80,000.00
BTC/XRPBTC 0.0005 – BTC 2.00XRP 0.10 – XRP 80,000.00
ETH/BTCETH 0.01 – ETH 100.00BTC 0.0005 – BTC 2.00
ETH/LTCETH 0.01 – ETH 100.00LTC 0.01 – LTC 200.00
ETH/XRPETH 0.01 – ETH 100.00XRP 0.10 – XRP 80,000.00
LTC/BTCLTC 0.01 – LTC 200.00BTC 0.0005 – BTC 2.00
LTC/XRPLTC 0.01 – LTC 200.00XRP 0.10 – XRP 80,000.00

Verification levels and limits

Certain limits apply to each verification level. Learn more about how these limits work and how you can upgrade your account.

Level 1Level 2Level 3
Deposits over all timeEUR 1,000Withdrawals over all timeEUR 1,000Deposits per monthEUR 5,000Withdrawals per monthEUR 5,000Deposits per monthEUR 100,000Withdrawals per monthEUR 100,000

Open and equal

We’re trusted by over 4 million people across 40 countries. That’s because we’re building a community together. They want to upgrade everyone, everywhere with our easy-to-use products, built on some of the world’s most sophisticated cryptocurrency security systems. While traditional financial institutions may rely on exclusive offers, we provide inclusive experiences.

Luno — Bitcoin & Ethereum wallet and exchange

Whether you’re new to Bitcoin or an advanced cryptocurrency trader, our crypto wallet and trading exchange provides a safe and secure platform to buy Bitcoin and other digital currencies like Ripple, Ethereum, Litecoin and more. With over 3.5M customers in 40+ countries, our global team of over 300 dedicated professionals are always on hand to simplify your crypto journey. So whether you are looking to buy your first Bitcoin, or execute the perfect cryptocurrency trading strategy, Luno is here for you.

Download Luno

Why Choose Luno

Buy Bitcoin and Crypto with Ease

If you’re new to cryptocurrency, or just don’t have the time to commit to trading, our instant buy and sell feature takes the complexity out of crypto trading. It gives you instant access to a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and more, without needing to understand how to operate and execute complex trades on an exchange.

Set Bitcoin Price Alerts or Utilise Advanced Charting

From advanced cryptocurrency charting, to simple Bitcoin price updates, our app caters to all levels of user. 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 through our crypto trading platform.

Trade Bitcoin and Cryptocurrencies

Looking for a more advanced crypto trading experience? Our BTC and crypto exchanges have you covered. Your BTC, ETH, XRP or LTC trades can be easily executed, with all the necessary features you need for trading included. Switch over to our crypto exchange mode and trade between many supported pairs, including BTC/ETH, BTC/LTC, BTC/XRP and more, or swap between the old world and the new with BTC/fiat pairs, allowing you to Buy Bitcoin with the Rand, Naira, Ringgit, Euro or IDR Rupiah.

Safely Secure Your Funds with our Crypto & Bitcoin Wallets

We have built our platform with a laser focus on security and user safety, providing a simple and safe way to store your crypto. Whether a Bitcoin Wallet, Ethereum Wallet, Ripple Wallet or Litecoin wallet, you can sleep easy knowing your cryptocurrency is safe, with no need to worry about losing your Private Keys.

Supported Countries

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Guernsey, Hungary, Iceland, Indonesia, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, Nigeria, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Uganda, United Kingdom, Zambia.

Luno FAQ

How long until my deposit shows in my Luno wallet?

When you make a deposit, it may take some time for your money to arrive with us. We will allocate your deposit as soon as it arrives and we’ll send you an email notification (or push notification if you use our app). The times below shows how long it takes to allocate deposits in your country.

Depositing money into your Luno wallet

Depositing money into your Luno wallet is very easy. Once we know a little bit more about you (aka confirming your identity), you can deposit money into your local currency wallet in a few easy steps.

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