Luno is one of the leading global cryptocurrency trading platforms with more than 7 million customers in over 40 countries.
Headquartered in London, United Kingdom, Luno was founded in 2013 by Carel van Wyk, Marcus Swanepoel, Pieter Heyns, and Timothy Stranex. With a zealous mission to upgrade the world to a better financial system, Luno believes that decentralized cryptocurrencies will essentially change how the world sees and uses money.
Marcus Swanepoel is the CEO of Luno, an expert in private equity, consumer, and investment banking who wants to build the future of money with crypto. Consisting of expert teams from a wide range of backgrounds in tech, finance, and industry, Luno provides a high-performance crypto exchange platform with an integrated wallet, high liquidity, among other security features.
Yes, Luno is a safe and secured platform and has no history of any cyber-attacks. About 95% of funds on Luno are stored in “deep freeze”– multi-signature wallets protected by many layers of encryption.
Yes, Luno does enforce daily withdrawal limits on currency wallets to your bank account. The withdrawal limit depends on the country you are based in the local currency used. For example, the minimum withdrawal limit for users in Singapore is 1 SGD.
Luno adopts a maker-taker fee based on average 30-day trading volumes. The fee is calculated each day by adding all your trading activity across all markets on the Luno platform over the last 30 days (converted to your primary currency). Also, the fees depend on the customer location, and type of currency used. The highest fee is 0.10%, which is a taker fee. It is to be voted that there are no maker fees on Luno.