Luno Wallet Review – 2025 Analysis by 2CryptoGuys

Luno is a beginner-focused mobile and web crypto wallet and exchange—offering spot trades, DCA tools, staking, and a user-friendly interface targeting emerging markets. Simple on ramps, intuitive UI, and reliable security are its core claims. Let's see how it performs today.

Is Luno Legit?

Yes, legitimate. Operating since 2013, Luno holds strict security measures like two-factor authentication, biometric login, multi-sig and cold storage, and real-time alerts.

Core Features & User Experience

• Wallet & Exchange in One: Supports BTC, ETH, LTC, BCH, XRP, USDC and more.
• Easy DCA & Alerts: Beginners can schedule recurring buys and price alerts.
• Staking Support: Earn up to ~4% on BTC or USDC in select countries.
• Security: 2FA, PIN/biometric, PGP encryption, multi-sig and cold storage.
• Global Reach: Available in 40+ countries including UK, Africa, Southeast Asia, Australia.

Fees Breakdown

Luno’s fee structure varies by country and payment method:

• Instant Buys: ~2% via credit/debit or cash.
• Exchange Orders: Maker 0–0.1%, Taker 0.03–0.6% depending on region.
• Withdrawals: SEPA or bank free in many countries; small fees in NGN, ZAR, AUD.
• Trading Volume: Lower liquidity in emerging markets noted by users.

User Feedback & Community Insights

Some users praise the app for simplicity and beginner-friendliness. However, others have raised concerns over high fees, frozen accounts, and inconsistent support quality, especially during market volatility.

Comparison With Similar Wallets

Compared to apps like Trust Wallet or MetaMask, Luno locks your private keys—simplifying security but reducing control. Unlike Binance and Coinbase, its asset list is smaller, and it offers limited advanced trading features. Still, it fits well for markets where access to crypto was scarce.

Tips to Maximise Luno

• Use exchange—not instant buys—for lower fees.
• DCA via scheduled buys at set intervals.
• Enable alerts to catch price dips/rises.
• Take advantage of staking where available.
• Verify bank/KYC early to avoid delays.

Conclusion – Should You Use Luno?

Yes—for beginners in emerging markets. Luno simplifies crypto entry with clear interface, alerts, staking, and spot trading. But active traders should steer clear of instant buys and watch liquidity. If you want simplicity, security, and occasional automated buys, Luno delivers—just be fee-aware.

FAQs About Luno

1. Are my funds safe?

Yes—2FA, multi‑sig, cold storage, and alerts protect your account.

2. What are instant buy fees?

Expect roughly 2%—higher than exchange order rates.

3. Where is Luno available?

Active in UK, EU, Australia, Malaysia, Indonesia, Nigeria, S. Africa, Uganda, and more than 40 countries.

4. Can I earn interest?

Yes—staking available in some regions for BTC/USDC with up to ~4% APY.

5. Is it custodial?

Yes—Luno controls the private keys. You have a wallet balance, not full self‑custody.