Table of Contents
🌐 What is Luno?
Luno is a global cryptocurrency platform that allows users to buy, sell, store, and learn about digital currencies like Bitcoin (BTC) and Ethereum (ETH). Founded in 2013 and headquartered in London, it is known for its user-friendly interface, low fees, strong security features, and educational tools tailored for beginners and experienced crypto investors alike.
As of 2025, Luno operates in over 40 countries, has over 10 million customers, and supports various local fiat currencies like ZAR, MYR, NGN, IDR, and more.
✨ Whether you’re just starting out with crypto or you’re looking for a secure and regulated platform, Luno offers an all-in-one ecosystem.
🔢 At a Glance
| Feature | Details |
|---|---|
| Founded | 2013 |
| Headquarters | London, United Kingdom |
| Supported Assets | BTC, ETH, XRP, LTC, BCH, USDC, etc. |
| Regulation | Varies by region (FCA, FSCA, MAS) |
| Mobile App | iOS and Android |
| Fiat Support | ZAR, NGN, IDR, MYR, EUR, GBP |
| Minimum Deposit | $1 (local currency equivalent) |
| Fees | 0.1% – 2% (depends on country/method) |
📈 Why Luno is Popular in Emerging Markets
It is especially well-known across Africa, Asia, and Latin America, where access to traditional financial services is limited. Here’s why it resonates:
✔️ Local Currency Support
- Easily deposit and withdraw in Naira, Rand, Rupiah, and others.
👥 Community-Centric
- Offers region-specific content, events, and partnerships.
🤑 Low Entry Barrier
- Start trading with just a few dollars.
🏦 Regulation and Trust
- Complies with local laws, giving peace of mind to users.
⚠️ With regular updates, strict security, and responsive support, Luno stands out in the crypto space.
🔄 How to Get Started on Luno
Starting your crypto journey as easy as 1-2-3:
1. Create an Account
2. Verify Identity
- Submit ID and proof of residence.
- Takes just a few minutes in most countries.
3. Deposit Funds
- Use bank transfer, debit/credit card, or supported wallets.
4. Buy Crypto
- Navigate to the “Buy” section.
- Choose your coin and confirm the purchase.
🚀 Luno Features and Tools
💸 Crypto Wallet
- Secure hot and cold storage
- Send/receive instantly
- Free internal transfers between users
⚖️ Instant Buy & Sell
- One-click trading
- Great for beginners
- Real-time price locking
🏛 Exchange
- For advanced users
- Limit and stop orders
- Lower trading fees
🧱 Savings Wallet
- Earn up to 5% APY on BTC and ETH
- Interest paid monthly
- No lock-in period
✨ Learn Portal
- Free crypto lessons
- Quizzes and tutorials
- Ideal for beginners
🔗 Bonus: Use our Luno promo code NNBXG2 to get up to $10 in BTC on your first trade.
🤔 Luno Fees Breakdown
It has a transparent fee structure:
📦 Deposits:
- Bank Transfer: Usually free
- Cards: 1.5% – 3.5%
🔄 Trades:
| Volume (30-day) | Maker Fee | Taker Fee |
| < $10,000 | 0.1% | 0.25% |
| > $1M | 0% | 0.10% |
🌐 Withdrawals:
- Flat fee based on crypto network
- E.g., BTC: ~0.0002 BTC
📅 Fees are reduced as your trading volume grows.
🚫 Is Luno Safe?
Yes! It employs strict security protocols:
🔐 Security Features:
- 2FA (Two-Factor Authentication)
- Cold storage for funds
- Regular audits
- Anti-phishing code
🧰 Regulatory Oversight:
- UK: FCA registered
- South Africa: FSCA
- Malaysia: SC approval
🛡️ Luno has never experienced a major security breach.
🥇 Pros and Cons
Pros:
- Beginner-friendly interface
- Low minimums
- Multi-currency support
- Regulated
- Mobile-first experience
Cons:
- Limited altcoin selection
- Advanced traders may want more tools
- Some countries have fewer features
📆 Competitors (2025)
| Feature | Luno | Binance | Coinbase | Kraken |
| Beginner-Friendly | ⭐⭐⭐⭐⭐ | ⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐ |
| Local Fiat | Yes | Limited | No | Limited |
| Savings Account | Yes | Yes | No | Yes |
| Regulated | Yes | Partial | Yes | Yes |
| Altcoin Access | Medium | High | Medium | High |
🌐 Luno in Africa and Asia
It is most dominant in:
- South Africa
- Nigeria
- Indonesia
- Malaysia
It was one of the first platforms to provide crypto-to-fiat bridges in these regions.
🚨 Common Mistakes to Avoid
❌ Failing to Enable 2FA
❌ Sending Crypto to the Wrong Address
❌ Investing Without Research
❌ Falling for Scam Messages
⚠️ Always use the official Luno app or website. Double-check URLs!
📖 Educational Resources
It provides free learning materials:
- Bitcoin 101 guides
- Regular blog updates
- Market reports
- Webinars and YouTube videos
Perfect for:
- Students
- First-time investors
- Teachers and coaches
💬 Real User Testimonials
“I love how simple it is to buy Bitcoin on Luno. The app is clean and responsive.” — Thabo, South Africa
“As a woman in crypto, I find Luno’s education section really empowering.” — Aminah, Malaysia
“Low fees and fast deposits in Naira. Way better than most platforms I’ve tried.” — Emeka, Nigeria
🏠 Business and Institutional Accounts
It also supports:
- Business crypto wallets
- Payroll in Bitcoin
- Bulk trading API
For:
- Startups
- Freelancers
- Fintech companies
🌎 What Makes Luno Stand Out in 2025
- Early mover in emerging markets
- High transparency
- Responsive customer support
- Stable app with 99.99% uptime
- Financial literacy approach
💼 Great for beginners, students, small businesses, and early adopters
📊 Is Luno Worth Using in 2025?
Yes. It is one of the few platforms that balance simplicity, security, and education. If you’re new to crypto or live in a region with limited options, and should be your go-to platform.
Use it if you want:
- Easy crypto access
- Low fees
- Great support for local currencies
- Simple savings options
🌟 Claim your free $10 in BTC with promo code NNBXG2 after your first trade!
📌 Final Checklist Before Getting Started
- Tap on the invite link here and create your account
- Get verified, enter the referral code on the ‘Enter Code’ screen
- Deposit and buy R 500 worth of crypto (exchange not included)
- Get R 50 worth of BTC
📅 Final Thoughts
If you’re serious about entering the world of cryptocurrency — whether as a complete beginner or a part-time investor — It offers a trustworthy, regulated, and educational gateway into the industry.
