Our Cryptocurrency ExpertMany or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.Luno's motto is that cryptocurrency is for everyone, and it lives up to that with a beginner-friendly design. It's also highly secure. This is one of the simpler crypto exchanges, though, with a small selection and very few features. Check out our full Luno review to learn if it's the right exchange for you.Ratings Methodolog
Full Luno review
This cryptocurrency exchange is a good fit for: Investors who are new to crypto and want a safe place to buy the biggest coins.ProsBeginner-friendly crypto tradingExcellent securityEducational resourcesFast verificationConsOnly two cryptocurrencies availableLimited featuresTop perksBeginner-friendly crypto tradingLuno does a great job of making crypto investing as straightforward as possible. It has a beginner-friendly web platform and mobile app, so it's worth checking out if you're new to crypto and you want an exchange without much of a learning curve. To buy crypto, you simply add your debit card, decide how much you want to spend, and confirm the transaction.Excellent securitySecurity is important for any crypto exchange, and this is an area where Luno excels. It keeps most crypto funds offline in cold storage and puts the keys to this crypto in safe deposit boxes. By storing cryptocurrency offline and making it difficult to access, Luno also makes it much harder for anyone to steal its clients' funds.
LEARN MORE: What Is Cold Storage in Crypto?Educational resourcesLuno has some of the better educational content we've found from a crypto exchange. Its learning portal includes articles on cryptocurrency in general and an in-depth look at specific cryptocurrencies. It also has video content and a blog with the latest crypto news.Fast verificationLicensed crypto exchanges need to verify the identity of all their clients, and some exchanges are much quicker at this than others. Luno is definitely on the faster side. After you submit the required information, your ID, and a selfie, Luno typically only takes a few minutes to verify your identity.TIPBuying your first stocks: Do it the smart wayOnce you’ve chosen one of our top-rated brokers, you need to make sure you’re buying the right stocks. We think there’s no better place to start than with S
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special new member discount.What could be improvedOnly two cryptocurrencies availableThose interested in buying different types of cryptocurrency probably won't be satisfied with Luno's selection. It offers just the two market leaders:Bitcoin (BTC)Ethereum (ETH)That's a big disadvantage, especially now that so many exchanges are offering large lineups of dozens and sometimes even hundreds of cryptocurrencies. Luno will need to offer more if it wants to attract crypto enthusiasts.Limited featuresLuno doesn't have any bells and whistles. It lets you buy, sell, send, and receive cryptocurrency. There are no advanced trading tools, and it doesn't let you stake cryptocurrency to collect rewards.International Luno users can store select cryptocurrencies in savings wallets. Through a crypto lending program, these crypto balances earn interest. However, this feature isn't available to U.S. investors.Alternatives to consider
If you want a larger cryptocurrency selection:
Coinbase has built a terrific lineup of over 200 cryptocurrencies, including most of the big names and plenty of smaller ones. Like Luno, Coinbase is beginner friendly and has plenty of educational resources. It even has educational modules that pay you free crypto after completing them.
If you want more features: Crypto.com has quite a few perks that enthusiasts enjoy. Its earn program offers rewards on dozens of different cryptocurrencies, making it easy to grow your holdings. The exchange also offers a prepaid crypto rewards card, a payment app, and a platform to buy and sell non-fungible tokens (NFTs).
Interested in buying your first NFT? Read The Ascent's guide to the Top NFT Marketplaces.