Just like every cryptocurrency platform, Luno also have some of its merits and demerits. We are going to provide you with all the information needed to understand the advantages and disadvantages of luno app.
As I stated earlier, every cryptocurrency exchange has its own advantages and disadvantages. There is no perfect cryptocurrency exchange in the world. Luno is not excluded.
Luno is a cryptocurrency platform that enables traders and investors to buy, store, invest, and trade cryptocurrencies with ease. Some popular cryptocurrencies on the platform are Bitcoin, Ethereum, and many others. Keep reading to discover the advantages and disadvantages of Luno wallet.
Advantages of Luno App
- Luno supports a variety of payment methods. You can pay via back transfer, credit card, mobile money, and many others
- It has one of the best fee charges compared to other exchanges
- It is easy to navigate through the Luno app
- Luno exchange also has the best security, and is considered one of the safest and reliable crypto exchange platforms
Disadvantages of Luno Wallet
Here are some of the challenges with the Luno exchange:
1. Luno supports a relatively small number of cryptocurrencies compared to other cryptocurrency exchanges. The only available cryptocurrencies on the platform are Bitcoin, Ethereum and other few coins
2. Luno is available in just few countries unlike most cryptocurrency platforms. Luno is limited to only United States, United Kingdom, France, Nigeria, India, South Africa, Indonesia, Australia, Malaysia, and some few Middle East countries
3. Another disadvantage of Luno is that it has a lower trading volume compared to most cryptocurrency exchanges. This usually results in less favorable prices for selling and buying cryptocurrencies
Per the above disadvantages and advantages of Luno platform, you can be able to judge by yourself as to whether to trade on the app or not. Luno may be considered one of the best cryptocurrency exchanges, but it may not be perfect.
We hope after going through this article, you have come to understand the advantages and disadvantages of Luno exchange. If you have any other questions related to Luno cryptocurrency, you can drop your question in the discussion page below.