Luno

Introduction & Regulations:

Luno, originally BitX, is a cryptocurrency exchange founded in 2013 with a mission to facilitate safe and accessible investment in cryptocurrencies. Headquartered in London, United Kingdom, and regulated by the Financial Conduct Authority (FCA) in the UK and the Securities Commission Malaysia, Luno operates globally, including in Malaysia, where it complies with local rules. The platform aims to empower billions of people by making cryptocurrencies like Bitcoin and Ethereum easily accessible, emphasizing security with independently verified storage. Luno recognizes the limitations of the traditional financial system and advocates for the transformative potential of decentralized cryptocurrencies, believing in their ability to upgrade the world's financial system. The company's team, known as "Lunauts," is driven by a shared vision of financial empowerment and innovation, fostering a culture that embraces the challenge of revolutionizing the global financial landscape.

Trading Instruments:

Luno primarily offers trading for popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). Users can trade these cryptocurrencies against fiat currencies like US dollars, euros, and other local currencies depending on their region.

Account Types:

Luno offers different account tiers based on verification levels. Typically, there are three main account types: Basic, Verified, and VIP. Basic accounts have limited functionality and lower transaction limits, while Verified accounts have higher limits and access to more features. VIP accounts are tailored for high-volume traders and come with additional benefits and support.

Fee Structure:

Luno has different fee structures across various countries. Below is the fee structure for Malaysia.

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*Please note that this information may be subject to updates. For the latest details, check the Luno website.

Pros & Cons

Trading Platform:

Luno provides a user-friendly trading platform accessible via the web interface and mobile apps for iOS and Android devices. The platform offers features such as real-time market data, trading charts, order book, and various order types including market orders and limit orders. It also includes security measures like two-factor authentication to ensure the safety of user accounts.

Deposit & Withdrawal:

Luno applies a fee structure where deposits are subject to fees based on the chosen method, while withdrawal fees vary depending on the method used. Transaction limits are tied to different verification levels, and fees for buying and selling cryptocurrencies through wallets and exchanges are determined by exchange tiers, alongside corresponding trading limits. Users have the flexibility to deposit funds via various methods such as bank transfers, credit/debit cards, and alternative payment methods depending on their country of residence. Withdrawals are typically processed similarly, with funds being transferred back to the user's linked bank account.

How to Deposit & Withdraw

How to trade by using Bybit App

Registration & Verification