Luno vs SimpleSwap

Luno3.7/5

VS

SimpleSwap4.1/5

Feature	LunoVisit	SimpleSwapVisit
Ratings
Our score	3.7/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	4.0	3.0
Security & trust	4.0	4.0
Asset selection	3.0	5.0
Ease of use	4.5	4.5
Support	3.0	4.0
Specs
Markets	Spot	Spot
Maker fee	0.1%	Not disclosed
Taker fee	0.1%	Not disclosed
Coins listed	50	2,800
Fiat deposit methods	Not disclosed	Card
KYC required	Yes	No
Accepts US customers	No	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	France AMF DASP, South Africa FSCA FSP	Not disclosed
Security features	Not disclosed	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	No	No
Copy trading	No	No
P2P market	Not disclosed	No
Referral program	Not disclosed	Yes
Company
Founded	2013	2018
Headquarters	United Kingdom	—
Investors	Digital Currency Group	Not disclosed
Strengths and weaknesses
Pros	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	No account registration required for standard crypto-to-crypto swaps Non-custodial model delivers converted assets directly to personal wallets Extensive catalog covering more than 2,800 cryptocurrencies Choice between fixed guaranteed rates and floating market rates
Cons	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	Built-in exchange spreads can exceed traditional spot order-book trading fees Transactions flagged by automated AML risk scoring trigger sudden KYC holds No order books, limit orders, futures, or margin trading Fiat purchases rely on third-party processors with separate fees and verification
Best for	South African and Nigerian crypto traders, European retail spot market buyers, Users needing direct local fiat withdrawals	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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