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LunoUNVERIFIED PLATFORM
UNVERIFIED PLATFORM
Luno
Luno is an app for trading and storing Bitcoin and Ethereum that's built for beginners. Luno explains how trading works and has a thoughtful layout designed to make crypto accessible for newbies.
UNVERIFIED PLATFORM
Highlights
+3.37%
Asset Class Return•30d
#11 Rank
In Crypto•30d
Invest from
$10
Overview
Luno is a British crypto trading company expanding its operations globally. They charge zero fees on transfers to other Luno users and boast high-security systems that keep your coins safe. Store your crypto in high-capacity, super secure wallets that Luno keeps at a 95% deep freeze. Since their app is designed for those new to crypto trading, it educates users at every turn and answers plenty of important questions. In addition to its security, Luno also has features to alert you when important price movements happen or when scheduled buy orders are executed. Only Bitcoin and Ethereum can currently be traded in the US. Ripple, Chainlink, Uniswap, and more are supported in the UK, so we can assume that U.S. users will be granted access to those assets in the future.
Things to Know
You make money on
Value
Fees
0.75 $ - depending on network traffic
Min Investment
$10
Payout frequency
Asset Sold
Term of investment
Zero
Target Return
Varied
Liquidity
Easy
Open to
All Investors
Mobile Application
iOS, Android
Top Perks
Invest securely in transparent blue-chip cryptos
No fees on BTC transfers to other Luno users
Low min. investment, beginner-friendly interface
Other ways to invest in Crypto
How you make money
Buy, trade, and transfer Bitcoin and Ethereum at lightning speeds and make money as your digital assets increase in value.
How Luno makes money
Luno's main source of revenue is from trading fees. However, in the past 5 months, they've launched Luno Expeditions to invest in early-stage fintech and crypto companies. Their goal is to launch over 200 startups in the next year and grow their revenue by supporting innovative new companies.
Is it safe?
Luno is compliant, transparent, and secure. They state that they take a proactive approach to regulation and were one of the first platforms to establish policies in congruence with anti-money laundering and financial terrorism laws. They recognize that regulation is important to keeping customers' money safe. In addition, Luno publishes its quarterly financial statements to verify the security of the digital assets they store and trade. Luno has had ample time to set high safety standards since it launched in 2013 and is now known for its state-of-the-art account security.
Established
2013
Country Available
US Only
Assets Managed
n/a
How You’re Taxed
Capital Gains
Income Tax
Crypto gains are taxed like stocks. The tax rates for crypto gains are the same as short- and long-term capital gains taxes for stocks. Short-term capital gains are treated as income (same tax rate you pay on your annual earnings) and long-term capital gains are taxed between 0% and 20% depending on your income tax bracket.
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