Bybit vs Luno

vs
Bybit vs Luno Comparison Table 2024
Bybit Luno
3.1
2

Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018.

Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin.

Bonus Offer
Up To 4030 USDT Welcome Bonus
Comment by Reviewer
"Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives." "Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform."
Pros
  • Dual price mechanism reducing unfair liquidations
  • Increased profit potential with leverage up to 1:100
  • 24/7 customer help from a multilingual service team
  • No limits on trades and withdrawals on any account
  • Best-in-class market depth, minimum price impact trade execution
  • Industry-leading cold wallet strengthens security and improves the safety of funds
  • A useful risk management tool protecting retail traders against unfavorable price fluctuations
  • 100,000 TPS per contract which results in no overloads with an ultra-fast matching engine that is 10x the industry average
  • Retail clients can easily swap between supported coins within accounts, take profit and stop loss, strategy alerts, and adjust orders
  • Instant Trade, savings wallets, and crypto transactions supported
  • Third-party proof of reserves audits available to view
  • Transparent fee structure with zero market maker charges
  • Market news, insights and educational content available
  • 'Deep Freeze' multi-signature wallets to store cryptos
  • High liquidity and high-speed platform so the spreads are kept low
  • Simple and easy-to-use interface
Cons
  • Bybit is not currently regulated in any country
  • Residents of some countries are restricted from opening an account, including clients from the US
  • Very narrow range of cryptos with up to 11 tokens available that varies by jurisdiction
  • Poor payment methods with restrictions in some countries
  • Below average customer support with no live chat or telephone
  • Limited analysis tools and features for seasoned traders
  • Not regulated or insured, raising safety concerns
Instruments
Cryptos, Futures Cryptos
Demo Account
Yes No
Minimum Deposit
$0 £1
Trading Platforms
  • MT4
  • TradingView
  • Own
Payment Methods
Minimum Trade
0.001 Lots £10
Margin Trading
Yes No
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
Yes No
Spot Trading
Yes No
Mobile Apps
Yes (iOS & Android) iOS & Android
Auto Trading
Via 3rd party software
Copy Trading
Yes No
Copy Trading Platform
Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge.
Social Trading
No No
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • EUR
  • GBP
  • TRY
  • RUB
Cryptocurrency
Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options. Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets.
Spread
Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1% Variable
Coins
  • BTC
  • ETH
  • EOS
  • XRP
  • USDT
  • BCH
  • LINK
  • XTZU
  • LUNA
  • SRM
  • TRX
  • RUNE
  • THETA
  • STRM
  • YFI
  • WAVES
  • DXPX
  • ENS
  • USDC
  • ADA
  • BEL
  • BIC
  • REN
  • MKR
  • LING
  • CN98
  • CAKE
  • CAPS
  • BUSD
  • BTT
  • CBX
  • CELO
  • BTG
  • BUSD
  • KLAY
  • BNB
  • DOT
  • AGLA
  • AGLD
  • LING
  • DOME
  • FIU
  • FLOKI
  • FITFI
  • HOT
  • ALGO
  • FCD
  • APEX
  • AXS
  • BAT
  • ANKR
  • BNT
  • BOBA
  • ALGO
  • FIDA
  • FL
  • UNI
  • AAVE
  • SUSHI
  • XEM
  • APE
  • ATOM
  • AVAX
  • DOGE
  • ETC
  • FTM
  • LTC
  • MATIC
  • SAND
  • SWEAT
  • DLC
  • AXS
  • CHZ
  • OP
  • OKSE
  • ZEN
  • ZIL
  • ZRX
  • ACH
  • ACM
  • DYDX
  • ELT
  • FTT
  • HERO
  • NEXO
  • MKR
  • QMALL
  • QNT
  • REAL
  • TRIBE
  • INTER
  • FAME
  • REN
  • ENS
  • ELT
  • ELJ
  • DICE
  • DRIV
  • FLOKI
  • FLOW
  • GENE
  • GMX
  • IME
  • KRL
  • KOK
  • NFT
  • LWF
  • KMON
  • KASTA
  • ICX
  • CRAFT
  • CWAR
  • CTC
  • CULT
  • DEFY
  • DFI
  • DICE
  • DRIV
  • GSTS
  • JST
  • GODS
  • IZI
  • JASMY
  • ERTHA
  • COMP
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • USDC
Crypto Lending
Yes Yes
Crypto Mining
Yes No
Crypto Staking
Yes No
Auto Market Maker
No Yes