Luno vs Paxful

Luno vs Paxful Comparison Table 2024
Luno Paxful
2

Luno is #30 in our crypto broker rankings.

Paxful has closed.
United States Flag Traders from US accepted
United States Flag Traders from US accepted

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.

Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.

Comment by Reviewer
"Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform."
Pros
  • 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
  • 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 Cryptos
Demo Account
No No
Minimum Deposit
£1 0.005 BTC
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
£10 $10
Margin Trading
No Yes
STP Account
No 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
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No Yes
Spot Trading
No Yes
Mobile Apps
iOS & Android Android & iOS
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
Cryptocurrency
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. Paxful offers buying and selling of the world's leading cryptocurrencies.
Spread
Variable Rates set by vendors
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • USDC
  • BTC
  • ETH
  • USDT
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
Yes No
Paxful has closed.
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