Luno was founded in 2013 in the United Kingdom and has grown into a global exchange with over 40 million customers and more than $8 billion processed transactions. They allow traders in developing countries to buy, store, and learn about cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin, via an intuitive trading platform. They offer easy-to-use products, from local payment methods to customer support in many different languages, thus offering a competitive cryptocurrency trading experience.
Luno Review Introduction
In this Luno review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Luno.
Luno Platforms & Tools
Luno has a proprietary trading platform that was developed in-house with instant buy and sell features that crypto trading a lot simpler. From advanced cryptocurrency charting to simple Bitcoin price updates, the trading platform caters to all levels of users whilst allowing you to 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.
The platform is packed with a range of useful features, such as real-time market information, advanced charts, API access for automated trading, and many more. It is available as a mobile app that is compatible with iOS and Android devices, and it can be downloaded from the respective app stores. The mobile app enables traders to manage their accounts and place trades anytime and from anywhere in the world once they are connected to the internet.
Luno Research & Education
Luno gives traders access to multiple educational materials on its website, and they include the Trading Blog, Help Centre, an FAQ section that contains some of the clients’ most common questions and their answers, and the News and Research section that gives updates on the latest happenings in the markets.
Luno Trading Accounts
The Exchange offers traders a live trading account for trading the multiple cryptocurrencies available.
Luno Account Funding
The following payment methods are available for deposit and withdrawal at Luno:
- Bank Transfer
- Credit/Debit Cards
- Online Payment Processors
Some payment methods may be unavailable for both deposit and withdrawals, whereas the transaction processing time depends on the payment method.
Luno Customer Service
The Exchange has a client support team that is available 24/7 to attend to traders’ inquiries through email and social media.
Luno is not regulated by any known financial authority at the moment, and some traders may not like to trade with unregulated exchanges for security reasons. However, cryptocurrency trading is not yet a well-regulated industry.
Luno Review Summary
Luno is a cryptocurrency exchange that was established in 2013 in the United Kingdom and is determined to build one of the world’s most sophisticated Bitcoin security systems. The Exchange is designed specifically for traders who are looking for a secure Bitcoin wallet, an easy way to buy cryptocurrencies, an advanced trading platform, or simply a safe space to explore and learn about Bitcoin and cryptocurrencies. They offer multiple cryptocurrencies for trading on their proprietary trading platform while providing some helpful educational resources. However, Luno is unregulated, which may discourage some potential clients from trading with them.
It is worth mentioning that some of the trading products and services in this Luno review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Luno broker website which you can visit by using the link below.
Cryptocurrencies are new technologies that often work differently to your prior experience. They entail various risks that you should understand. Before using Luno, ensure you educate yourself about the risks associated with cryptocurrencies and not invest money that you cannot afford to lose.