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.
BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.
Fee reduction for BMEX token holders
Comment by Reviewer
"Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform."
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."
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
Great customizability using widgets within the platform, making it easier to see exactly what you want
A platform solely designed for crypto makes it more streamlined than multi-asset terminals
Access to a considerable amount of information directly from BitMEX, freely available on their site
The opportunity to talk to investors from all over the world using the inbuilt chat functionality
High levels of security, ensuring that trading on the exchange is relatively secure 24/7
A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin
Earn interest on HODL-ing tokens – Tether and Bitcoin
Highly leveraged crypto trading with rates up to 1:100
Insurance fund to avoid liquidation plus python API
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
BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies
The interface is not as new, stylish or innovative as other options on the market
Withdrawals are only carried out at a set time of day
Legal dispute with US regulators resulted in fines
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.
BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.