Luno
Cryptocurrency wallets
Blockchain software
Cryptocurrency software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
Take the quiz to check if Luno and its alternatives fit your requirements.
Pay-as-you-go
Free Trial unavailable
Free version
Small
Medium
Large
- Retail and wholesale
- Banking and insurance
- Transportation and logistics
What is Luno
Luno is a cryptocurrency wallet and exchange application that lets individuals buy, sell, store, and transfer supported digital assets. It targets retail users who want a custodial wallet with integrated trading and fiat on/off-ramps in supported countries. The product combines a mobile/web wallet, basic trading features, and account-level security controls under a regulated exchange-style account model.
Integrated wallet and exchange
Luno combines custody, spot buying/selling, and crypto transfers in one account, reducing the need to move funds between separate wallet and trading tools. This suits users who primarily want a simple path from local currency to crypto and back. The integrated model can simplify tax and transaction history review because activity is centralized within one platform.
Fiat on/off-ramp support
Luno supports fiat deposits and withdrawals in select markets, enabling users to fund accounts via local payment methods where available. This is a practical advantage versus wallet-only products that require third-party exchanges for fiat conversion. Availability varies by country, but where supported it reduces operational steps for end users.
Custodial security controls
As a custodial service, Luno manages private keys and provides account security features such as authentication controls and withdrawal protections (feature set varies by region and account type). This can lower the operational burden for users who do not want to self-manage seed phrases and key storage. It also supports recovery workflows typical of account-based financial services.
Custodial key ownership tradeoff
Luno is primarily a custodial wallet, so users generally do not control private keys in the same way as self-custody wallets. This introduces counterparty risk and reliance on the provider’s security and operational controls. It may not fit users who require full self-custody for governance, DeFi usage, or internal policy reasons.
Geographic and feature variability
Product availability, supported assets, and fiat rails depend on the user’s country and local regulatory permissions. Some regions may have limited deposit/withdrawal methods or fewer tradable assets than global crypto platforms. This can complicate standardization for organizations with users across multiple jurisdictions.
Limited developer and custody tooling
Luno is oriented toward retail trading and wallet use rather than institutional custody workflows. Compared with platforms focused on enterprise key management, policy engines, and API-first settlement, Luno typically offers fewer controls for multi-user approvals, granular role-based administration, and complex treasury operations. This can be a constraint for businesses needing programmable custody and governance.
Plan & Pricing
Pricing model: Pay-as-you-go (transaction fees; exchange maker/taker tiers based on 30-day volume) Free tier/trial: Sign-up is free (no time-limited paid trial listed)
Exchange (maker/taker) — example tiers (region-specific):
- Tier 6 (example): Maker 0.06% | Taker 0.15%
- Tier 7 (example): Maker 0% | Taker 0.10% (Full maker/taker schedule is region-specific and shown on Luno's fee schedule pages.)
Instant buy / sell (Portfolio screen) — example region rates:
- Europe / UK: Buying crypto 1.5% | Selling crypto 1.5%
- Malaysia: Buying crypto 2% | Selling crypto 2% (Instant card purchases: Europe/UK card fee shown as 3.5% per transaction in supported countries.)
Deposit & withdrawal examples (region-specific):
- Europe: Bank transfer deposit — Free; Bank withdrawal — €0.30
- UK: Bank transfer deposit — Free; Bank withdrawal — Free
- South Africa: Express withdrawal fees — R20 (RTC participant banks) or R80 (other supported banks)
- Country minimum withdrawal amounts vary (e.g., Europe €1, UK £1, Australia $1, Nigeria ₦200).
Sending / receiving crypto:
- Receiving crypto: Free (except dust-prevention thresholds for small BTC amounts).
- Sending crypto: Dynamic blockchain-based send fees; XRP send fee fixed at 0.03% (per Luno regional pages).
Other notes:
- Many fees and limits are country/region dependent (deposit methods, limits, and fees differ by country and verification level). Luno displays the applicable fees live in the app and in the region-specific Fees & Limits help pages.
Seller details
Luno (Pty) Ltd
London, United Kingdom
2013
Private
https://www.luno.com/
https://x.com/LunoGlobal
https://www.linkedin.com/company/luno
