Luno describes itself as “the world’s most powerful bitcoin exchange”. Today, the UK-based exchange is best known for its bitcoin and Ethereum trading pairs and support for the South African Rand (ZAR).
#Luno Is 100% Recommended!
The exchange was founded in 2013 as BitX before rebranding to Luno. Unlike many other cryptocurrency exchanges, Luno seems to focus primarily on emerging markets.
A significant number of Luno’s users come from Malaysia, Nigeria, and Indonesia – three countries that are often blocked from other cryptocurrency exchanges.
Today, the most popular pair on the London-based cryptocurrency exchange is its BTC/ZAR pair, followed by a BTC/NGN and BTC/EUR pair. Whether you’re trying to trade the South African Rand or the Nigerian Naira, Luno continues to be one of your best options.
Traders also enjoy bonus features like real-time market information, mobile trading on Android and iOS, advanced charts, API access for automated trading, CSV export and reporting, and depth liquidity indicators. Users can deposit funds into the exchange with a number of major banking providers.
Although Luno charges slightly higher fees than competing exchanges, the fees tend to be less than what you would pay if converting ZAR or NGN into a different fiat currency and using another exchange – so users can still come out ahead.