Luno exchange is a bitcoin and etherum cryptocurrency exchange platform operating in Europe, Nigeria, South Africa, Malaysia, Singapore and Indonesia. I am going to review Luno in detail today and leave the decision up to you.
LUNO is among world’s performing and most advanced cryptocurrency trading platform operating since 2013 in this space. It is based in Singapore with local branches in UK, South Africa, Nigeria, Indonesia and Malaysia.
In the countries currently operating, Luno has been the best exchange and busiest trading platform. Luno exchange initially was trading only bitcoin and later incorporated etherum trading. Each country users fund their Luno accounts in their local currency and have it deposited in owners account.
In Nigeria, verified user can deposit naira using naira issued card and use the funds to buy bitcoin. Etherum pair is against BTC for the moment. That means, to buy etherum in the platform, user will need to first deposit Nigeria Naira, buy bitcoin and sell to etherum.
Luno is top best perform bitcoin and etherum exchange platform with fast customer support. In Nigeria, Luno on official statement announced increase in customers from Nigeria.
Still thinking why to use Luno?
Well, it is because apart from trading BTC, it also trades etherum and is a popular exchange of the cryptosphere.
It also maintains order books and facilitates P2P trading for an exchange fee.
1. Buy/Sell Walls
The buy/sell walls are clearly visible in the order book. From here, you can select the deal that attracts you. But you can place and complete your order only when you have a verified & approved account. See how to register here.
On the first look, I found their UI very friendly and easy to understand. One thing i like about there dashboard is the intuitive nature. Well designed and packaged user friendly dashboard.
2. Supported Cryptocurrencies:
Luno exchange currently supports bitcoin and etherum trading. In the paltform, you will find BTC against respective countries currency pair and BTC/ETH. Luno supports fiat currencies such as NGN, EUR, GBP, IDR,MYR,ZAR which can be used to trade many cryptocurrencies against fiat pairs.
3. Fee Schedule Of Luno
Luno follows the maker & taker fee schedule for the investors trading on their platform based on their volume and here the specific details on the same:
4. Supported Countries
Luno serves Europe, Nigeria, Malaysia, Singapore, Indonesia and South Africa.
5. Customer Support
Luno help center has many commonly asked questions and answers in their knowledge base. So you can use that to troubleshoot your issues. But if you are unable to find answers here, you can always drop an email to [email protected] to submit a new help desk ticket.
7. Mobile Apps
As if all this was not enough!
Luno also provides cool mobile apps for both iOS and Android users. One can deposit and withdraw cryptocurrencies and fiat through it and trade other crypto pairs.
I find a mobile app easier to exchange and trade cryptocurrencies even if we are not in front of our computer. So it is good to have mobile apps.
9. Hack History
Luno exchange platfrom has not ever been hacked. The platform uses sophisticated security protocol to protect it against hackers.
Who Is Luno For
Before we go any further, let me tell you Luno is for beginners or newbies. It is for professionals and intermediate traders.
If you have any questions, contact us via : [email protected]