Luno
While the platform itself is secure and intuitive, it is geared more for the mobile devices and web-based services, unlike the other platforms that have their own desktop software with lots of advanced market features. The platform also doesn’t give a complete information regarding fees of using this platform. Furthermore, this platform only supports bitcoin, which is bad if you also want to trade other cryptocurrencies as well.
Top Luno Alternatives
- Coinbase
- Bitfinex
- EXMO
- BitBay
- Remitano
- UPHOLD
- Bitso
- Binance
- YoBit
- Bitstamp
- BTer
- Bitconnect
- bitFlyer
- Bittrex
- Livecoin
Top Luno Alternatives and Overview
Coinbase
Despite having its share of cons, this platform is still a great way to deal in Bitcoins— courtesy the expansive client base and a user-friendly interface.
Bitfinex
Allows you to trade your bitcoin and a few cryptocurrencies, as well as exchange them, using the largest and most advanced platform.
EXMO
Provides a simple and secure platform to trade and exchange bitcoins and other cryptocurrencies.
BitBay
This service might offer various features for one free account that you make, but it also has higher maker and taker fees than most other bitcoin exchange and trade services.
Remitano
Trading has become a widespread phenomenon these days to make some extra money without much hustle.
UPHOLD
While this service allows you to move money from member to member for free, as well as opening and funding your account for free, the real fees that you need to pay are in the exchange rates.
Bitso
The website itself opens in Mexican language by default, unless you choose English as your...
Binance
Users can only learn how to use the platform after they decide to sign up...
Bitstamp
With currencies like Euros, Swiss Francs, Dollars and Pounds accepted, you can buy bitcoins once...
BTer
While it might be convenient for some users, this market segmentation can be quite confusing...
Bitconnect
Only some countries have local bitconnect sites, and thus, all other users need to use...
Bittrex
It also levies a solid trading fee of $0.25, making it difficult for beginners...
Livecoin
It also doesn’t provide a wallet account for people to buy and sell bitcoin at...
Luno Review and Overview
As mankind has progressed over the years, there has also been a change in the concept of money. Initially, the barter system was considered as the system for the exchange of wealth where people used to exchange goods with each other. Later with evolution, the concept of paper currency was introduced, and the rest is history as they say. With the emergence of the Internet, a new form of wealth creation or rather a new form of money has come to life. These new types of currencies are known as cryptocurrencies. Currently, there are various types of cryptocurrencies available in the marketplace.
What makes cryptocurrencies so popular?
The distinctive advantage that cryptocurrencies offer is the easy transfer of wealth from one country to another without the user having to go through multiple processes and checks. However, such freedom is also one of the reasons for its non-usage by many users. Lack of regulation results in the use of cryptocurrencies for committing financial frauds resulting in loss of money for users. Such apprehensions have led to many major countries imposing a blanket ban on the use of cryptocurrency in their territories, further affecting the growth of the medium. While the apprehensions and issues with cryptocurrencies are completely right, ways and methods can be developed to make the medium more secure and transparent.
Luno – the way ahead?
One of those ways can be the use of platforms like Luno. Luno is a cryptocurrency platform that provides a safe and secure environment for transactions of cryptocurrencies. The users can make use of the platform to transact in cryptocurrencies like Bitcoin, Ethereum, XRP, and Litecoin. The platform is trusted by over four million users in 40+ countries. In addition to offering a web-based interface, the platform also offers apps for mobile access both on the iOS and Android interface. The users can get started using the platform in three easy steps.
Conclusion
Cryptocurrencies still have a long way to go. There is no doubt that cryptocurrency, as a medium for transacting money and wealth, will continue to grow for the foreseeable future. However, the scope of that growth will mainly depend on the security and transparency it is able to provide.
Company Information
Company Name: LUNO
Top Features
- Available In 40 Countries
- Free Wallet
- Get Access Anywhere
- Mobile App Available
- Multiple Deposit Ways
- Credit Card Accepted
- Instant Buy/Sell