Bitbuy vs Luno

How Bitbuy vs Luno compare on our ratings, exchange specs, funding, pros and cons.

Bitbuy4.0/5
VS
Luno3.7/5
Feature
Ratings
Our score4.0/53.7/5
User ratingNo reviews yetNo reviews yet
Fees3.54.0
Security & trust4.54.0
Asset selection3.53.0
Ease of use4.04.5
Support4.03.0
Specs
MarketsSpot, OTCSpot
Maker feeNot disclosed0.1%
Taker feeNot disclosed0.1%
Coins listed4550
Fiat deposit methodsBank transferNot disclosed
KYC required Yes Yes
Accepts US customers No No
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSBFrance AMF DASP, South Africa FSCA FSP
Security featuresCold Storage, Custodial Insurance, CIPF ProtectionNot disclosed
Futures & perpetuals No No
Copy trading No No
P2P market NoNot disclosed
Earn / savings products YesNot disclosed
User protection fund YesNot disclosed
Referral program YesNot disclosed
Company
Founded20162013
HeadquartersCanadaUnited Kingdom
InvestorsNot disclosedDigital Currency Group
Strengths and weaknesses
Pros
  • Operates under CIRO member dealer status registered with the OSC and CSA
  • Cash balances covered up to $1M CAD per account by CIPF
  • Digital assets stored 1:1 in cold storage with insured custodians
  • Instant CAD deposits and withdrawals supported through Interac e-Transfer
  • Flat 0.10% maker and taker fees on exchange order books
  • AMF-registered in France and FSCA-licensed in South Africa
  • Free domestic fiat withdrawals for Nigerian naira balances
  • Operational track record dating back to 2013, owned by DCG since 2020
Cons
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • Instant buy transactions incur spreads between 0.75% and 1.00%
  • Not available to customers residing in the United States
  • Custodial structure leaves user funds under company counterparty control
  • Mandatory KYC identity verification is required before trading
Best forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsSouth African and Nigerian crypto traders, European retail spot market buyers, Users needing direct local fiat withdrawals

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