- Low fees
- Beginner-friendly interface
- Easy conversion and transfer process
- Business friendly
- Customer support
- Strong security
- Stacking bonuses
- Only 6 cryptocurrencies are available
- Lack of tutorials
- No margined or leveraged trading
Luno is a United Kingdom based company that was founded in 2013 in London. The main purpose of company is to accelerate the development of innovative financial services. Currently Luno has 8 million customers all over the world and is represented in 40 countries. The number of users is growing by 300% on yearly basis.
There are 6 cryptocurrencies available in Luno app, which makes it popular among amateur users who are looking for a long term crypto investments in stable coins.
Luno offers the industry-leading crypto protection. They managed to achieve it by storing 95% of crypto in a “deep freeze” multi-signature wallets that use multi-layer encryption.
The most important advantages of Luno are extremely low fees for sending and converting crypto. Moreover, if your friend or family member already also has a Luno account transactions between your wallets will be completely free of charge. There are also multiple withdrawal methods available, so you will be always able to quickly withdraw your assets.
Another easy-to-use feature available in Luno app is buying crypto on a schedule. It means that customer will never have to wait for a specific crypto price. All you need is just to setup a price for schedule and Luno will do the work for you when the price condition is satisfied.
Luno provides their own API that allows their users to programmatically manage their accounts. It is also possible to make trades and get market date from the API.
Luno Business account offers advanced functionality for their Business accounts. You will be able to explore the large library of tools and technical analysis to aid with decision making. As a business client you will also benefit from increased limits on your monthly deposits and withdrawals.
Luno Discover is a portal that provides their customers with crypto market news, insights and basic knowledge around the crypto world.