facebookLuno Reviews and Comparison - Seedly

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4.3
8 reviews
claimed

Claimed

This product is managed by Luno.

Summary

Luno is a leading global cryptocurrency company with over 9 million customers in more than 40 countries and a team of over 690. Luno operates across Africa, Asia and Europe. Luno is dedicated to upgrading the world to a more open and inclusive financial system.

  • Luno offers the simplest and most affordable way to get into cryptocurrencies with its intuitive interface, learning portals and low transaction fees.
  • Refer your friends to both earn $5 in Bitcoin and get started investing in cryptocurrencies from as little as $1
  • Luno offers access to cryptocurrencies such as BTC, ETH, LTC, XRP, USDC and BCH
  • Deposit up to SGD 200,000 quickly using direct bank transfer from any bank at no fees
  • Buy and sell with the lowest instant fees in the market on Luno at 0.75%
  • Generate up to 4% interest on your cryptocurrencies with the Luno’s Savings Wallet
  • Set up recurring cryptocurrency purchases on a daily/weekly/monthly basis to dollar cost average your portfolio consistently

Understanding the risk of Cryptocurrency Platforms in Singapore:

This product does not currently hold the licence to “provide digital payment token services” under the Payment Services Act (PS Act) by MAS. Find out more below in the "More Details" section.

...see more

Luno

10+

CRYPTOCURRENCIES

0.75%

TAKER FEES (FIAT)

Free

WITHDRAWAL FEES (FIAT)

N/A

CREDIT OR DEBIT CARD FEES (FIAT)

Yes

MAS LICENSED OR EXEMPTED

Luno

10+

CRYPTOCURRENCIES

0.75%

TAKER FEES (FIAT)

Free

WITHDRAWAL FEES (FIAT)

N/A

CREDIT OR DEBIT CARD FEES (FIAT)

Yes

MAS LICENSED OR EXEMPTED

Reviews (8)

4.3

8 Reviews

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0
      Posted 12 May 2022

      Purchased

      Luno

      Using Luno for my BTC ETH dca and other exchanges for degen play. Mas regulated, easy to use, close eyes and leave it there, stack and withdraw once in a while. Although very limited coin listings, feels safer knowing they do deep research on the coins they list. Especially impt with the recent terra and ust depeg incident.

      0

      What are your thoughts?

      Posted 29 Apr 2022

      Purchased

      Luno

      I signed up to experience how Luno is like as it has recently gotten an "in-principle approval" from MAS, this puts itself as the same tier as coinhako and hodlnaut in terms of dealing with cryptocurrencies. Thye are also available in over 40 countries. On-boarding was really fast, within 3 minutes for verification, really fast, my Gemini onboarding is not even verified till now. Something to note is that they do not have Singpass for one click verification yet. I still had to take photos of my IC and my face. One key point to note is that Luno has this repeat buy- where you can choose to buy either monthly, weekly or daily- which is something i have yet to see in the market. (correct me if i am wrong). But currently there is only BTC, ETH, XRP, LTC, BCH and USDC available to buy, sell, send and receive Depositing is by straitx which is super straight forward. Withdrawal by StraitX is also free, but $2 for bank transfers Buy/ sell fees are - 0.75% for each buying and selling function, abit chor (hmmm) if you find this helpful, you can use my invite code- F2T23M you can get 30 USD if you deposit and buy 200SGD of crypto- damn worth ok.

      0

      What are your thoughts?

      Posted 28 Apr 2022

      Purchased

      Luno

      Does what it says it does - straightforward app to start dabbling into crypto. Nothing fancy nor complicated.

      0

      What are your thoughts?

      Posted 13 Apr 2022

      Purchased

      Luno

      Good experience and very intuitive app. Easy to buy BTC ETH with SGD, love the free deposits and education portal too! [Customer Service] [User Interface] [Trading Fees]

      0

      What are your thoughts?

      Posted 05 Apr 2022

      Purchased

      Luno

      Probably the best app for beginners on the market. Clutter-free and easy to understand, unlike many of the apps I've used.

      0

      What are your thoughts?

      Posted 31 Mar 2022

      Purchased

      Luno

      The explore tab on the app is helpful if you want to learn about crypto. They have the main coins i feel safe to buy and hold such as BTC ETH, but don't have up and coming coins.

      0

      What are your thoughts?

      Posted 07 Dec 2021

      Purchased

      Luno

      [User Interface] One of the easiest crypto platforms to get into. Has a simple interface to simply buy BTC and ETH for my portfolio! Would recommend this to anyone new to crypto and looking for a simple way to get started!

      0

      What are your thoughts?

      Posted 04 Dec 2021

      Purchased

      Luno

      Limited cryptocurrency and huge spread. Used it early this year but switched to another platform. They are removing Luno Exchange from the Luno platform in Singapore. Personally, I prefer to trade via Exchange.

      0

      What are your thoughts?

    Discussions (0)

      No Posts Found.

      Understanding the risk of Cryptocurrency Platforms in Singapore:

      This product does not currently hold the licence to “provide digital payment token services” under the Payment Services Act (PS Act) by MAS. This product was previously granted an exemption since 28 January 2020 and is pending the licence to “provide digital payment token services” from MAS.

      The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. ​Readers should always do their own due diligence and consider their financial goals before investing in any investment product.

      Licence Status

      Luno has applied to the MAS for a payment services licence. While its application is underway, the MAS has granted Luno an exemption from holding a licence which allows Luno to continue operating. 

      Contact Info

      • Help Centre: https://www.luno.com/help/en/

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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