Luno

Luno is a global cryptocurrency exchange and wallet provider with a strong focus on emerging markets in Africa and Southeast Asia, as well as Europe. It aims to make upgrading to the financial system easy for everyone by providing a simple, secure app to buy, store, and explore crypto. Luno supports major assets like Bitcoin, Ethereum, and XRP.

The platform places a heavy emphasis on education and security, conducting regular proof of reserves audits to ensure customer funds are safe. While user-friendly for beginners, it also offers an exchange view for more advanced traders. It is a legitimate and widely trusted platform, particularly for users in regions often underserved by other major exchanges.

Frequently Asked Questions

1. Is Luno safe to use?

Yes, Luno stores the deep freeze majority of customer keys in physical bank vaults and is a subsidiary of Digital Currency Group, a major player in the industry. They perform quarterly Proof of Reserves audits to prove that all customer assets are fully backed 1:1.

2. specific trading fees?

Luno charges fees based on your 30-day trading volume; typical taker fees start around 0.1% to 1% depending on the region. Sending crypto to other Luno wallets is free, but standard network fees apply for external withdrawals.

3. Is Luno available in the US?

No, Luno is not currently available to customers in the United States. It focuses its operations primarily on the UK, Europe, Africa (Nigeria, South Africa), and Southeast Asia (Malaysia, Indonesia).

4. Can I earn interest on Luno?

Luno previously offered savings wallets but has scaled back or paused these features in many regions due to regulatory changes. You should check the specific availability of "Luno Earn" products in your local jurisdiction app settings.

5. How do I verify my account?

You must complete a tiered verification process involving a mobile number, government ID, and a selfie. Higher deposit and withdrawal limits require proof of address verification. Luno complies with strict AML/KYC regulations globally.