Luno exchange is bringing a high-quality Bitcoin and Ethereum trading experience to underserved nations. Though not available in the United States, this is not Luno’s mission. Luno is growing in popularity specifically because it reaches out to new users who have few Bitcoin trading options. Here’s what’s making Luno stand apart in a crowded international field.
Luno’s Unique International Reach
Perhaps more than any other factor, Luno is available to a population without enough crypto trading options. Luno has offices in London, Singapore, and Cape Town. It’s available to citizens of the following nations:
Nigeria, South Africa, Malaysia, Indonesia, and within Europe (Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, the Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom)
Some of these nations are already well served by crypto exchanges (The UK), while others (Nigeria) are not. Luno recognizes the international potential of Bitcoin, and its fast growth is proving it right.
Luno’s Mobile Versatility
While certain popular crypto exchanges like Bittrex and Binance are best used on desktop, Luno is made for the mobile age. Luno is fully featured, whether you are using desktop, Android, or iPhone – consumer technologies that are still growing fast in many of the nations already mentioned.
Luno’s Affordable Rates and Fiat Acceptance
Many of the world’s most popular exchanges don’t accept fiat. This is fine for experienced crypto traders who already have digital currencies, but it doesn’t help first-time buyers. Among fiat gateway exchanges like Coinbase, fees tend to be quite high. According to this Coinbase review, trades start out at 3.99%! Luno charges 0% to sellers and just 0.20% for buyers.
Luno also accepts uncommon fiat payments. Euro is an accepted payment option, of course. But Luno also takes the Indonesian Rupiah (IDR), the Malaysian Ringgit (MYR), the Nigerian Naira (NGN), and the South African Rand (ZAR). Prior to Luno, few first-class exchanges accepted these currencies.
Luno Has Even More Room to Grow
Luno exchange is primarily geared toward the non-European nations in its service range; EU users can’t access full exchange functionality. This makes Luno the obvious choice for markets unserved by brokers like Coinbase, where crypto interest is nonetheless growing rapidly.
Luno faces new competition as trading giant eToro prepares to add crypto wallet functionality in Q4, but for some of our readers, it still represents a good gateway to Bitcoin and Ethereum. From the very outset, Bitcoin was meant to be an international game. Decentralised currencies are becoming ever more important, especially in nations with unstable local currencies. For these customers, Luno is an excellent development.