Luno vs Crypto.com: Difference and Comparison

The cryptocurrency reached new heights in 2009 when Bitcoin (BTC) became the first decentralized digital currency worldwide. After this, it has seen massive and rapid growth, especially in recent years.

The two companies, ‘Luno’ and ‘Crypto.com,’ are some of the most famously used cryptocurrency trading platforms. 

Key Takeaways

  1. Luno and Crypto.com are cryptocurrency exchanges allowing users to buy, sell, and digital trade currencies.
  2. Luno offers a limited selection of cryptocurrencies, while Crypto.com supports over 100.
  3. Luno charges lower transaction fees, while Crypto.com offers additional features such as staking, lending, and a debit card.

Luno vs Crypto.com

The difference between Luno and Crypto.com is that a free version of Luno is not available. However, there is a free version of Crypto.com available. Furthermore, the two differ in terms of their origin, headquarters, audience, categories, features, and integrations.

Luno vs Crypto.com

One of the most highly-rated digital currency exchanges at one’s disposal in the world today includes Luno. This exchange platform also exists among the most reliable trading companies on the market. It has its headquarters in London. It also has other offices in Cape Town, South Africa, and Singapore.

Crypto.com is a company that can be referred to as a one-stop shop for crypto users. In which they can spend, buy and save digital currencies. These currencies include Ethereum (ETC) and Bitcoin (BTC). It is a dual-coin exchange. Some critics and users find this application more complicated and confusing.

Comparison Table

Parameters of ComparisonLunoCrypto.com
FoundedIt was founded in 2013 in, United Kingdom.It was founded in 2016, Hong Kong.
AudienceIt is a platform where anyone can buy Bitcoin, Ethereum, XRP or Litecoin.It is an application for cryptocurrency exchange for investors.
PricingA free version is not available.A free version is available.
CategoriesIt has fewer categories in comparison.It has more categories in comparison along with crypto tax features.
IntegrationsIt has 4 integrations, including Coin Gecko, Coin Market Cap, Cryptograf, and Green Address.It has 20 integrations including Accounting.com, Bitcoin, Coin Tracking, Coin Panda, Crypto Tax Calculator, and so on.

What is Luno?

Luno was founded by Timothy Stranex and Marcus Swanepoel in 2013. The exchange had been started as BitX but was later rebranded as Luno. It, later on, it added two offices in the UK in 2016, and it has its headquarters in London. 

Also Read:  Cheddar Up vs PayPal: Difference and Comparison

Today, it stands as one of the most highly-rated digital currency exchanges in existence. And also one of the most reputed companies. Luno only accepts trades in 2 types of cryptos, Bitcoin (BTC) and Ethereum (ETH).

Despite this, it is highly secure. While carrying out transactions on the Luno platform, users gain access to three key features: verification, security, and regulation. Any individual signing up via Luno notices the platform takes certification seriously.

Email address, mobile number, and identification via government-approved documents are mandatory for opening an account. All of these fulfil the Know Your Customer (KYC) protocol followed by Ceci exchanges and claims strict security.

Luno also supports two-factor authentication. The result is strong protection of stores and accounts. It is beginner-friendly too. It is not only easy to understand but also trustworthy and reliable.

For a better customer experience, it provides multilingual language support, varied payment methods, and high internal security. As a result, you’ll enjoy better protection of stores and accounts from authorized access. Luno’s emphasis on security provides peace of mind for users.

What is Crypto.com?

The crypto company- crypto.com allows crypto users to spend, buy and save digital currencies on a single platform, including Ethereum (ETC) and Bitcoin (BTC). It also offers a variety of features, including cashback rewards, interest rewards, and rebates which can be accessed by unlocking.

Their focus is also on individuals wanting to make a profit from their digital asset holdings on a daily basis. Crypto.com is distinctive from other exchanges as it is a dual-coin exchange. It is complicated and confusing for some.

Also Read:  UGMA vs UTMA: Difference and Comparison

MCO was the company’s first coin. This can be used as a staking mechanism to unlock tiered perks by consumers. MCO Visa cards can be upgraded by staking in this native token.

This leads to an increase in the offers gained by consumers, like cash back and rebates. CRO is the brand’s second coin. This acts as the standardized medium of exchange for the Crypto.com blockchain. CRO can be staked to earn during different governance activities.

Crypto.com users are enabled to earn higher savings APR when more crypto is staked for longer timeframes with the help of Crypto Earn. Saving periods can be chosen from one-month and three-month intervals. Educational blogs and active updates are also uploaded on the website.

crypto com 1

Main Differences Luno and Crypto.com

  1. Luno was founded in 2013 in the United Kingdom, and Crypto.com was founded in 2016 in Hong Kong.
  2. Luno is a platform where anyone can buy Bitcoin, Ethereum, XRP, or Litecoin. Crypto.com is an application for cryptocurrency exchange for investors.
  3. A free version of Luno is not available. On the contrary, a free version of crypto.com is available.
  4. In comparison, crypto.com has more categories than luno, which also comes along with crypto tax features.
  5. Luno has 4 integrations, including Coin Gecko, Coin Market Cap, Cryptograf, and Green Address. Whereas crypto.com has 20 integrations, including Accounting.com, Bitcoin, Coin Tracking, Coin Panda, Crypto Tax Calculator, and so on.
References
  1. https://academic.oup.com/rfs/article-abstract/34/6/2689/5912024

Last Updated : 25 February, 2024

dot 1
One request?

I’ve put so much effort writing this blog post to provide value to you. It’ll be very helpful for me, if you consider sharing it on social media or with your friends/family. SHARING IS ♥️

23 thoughts on “Luno vs Crypto.com: Difference and Comparison”

  1. The article provides a comprehensive comparison of Luno and Crypto.com, covering factors such as pricing, origin, and supported cryptocurrencies.

    Reply
  2. The comparison of Luno and Crypto.com is quite informative, covering their founding, audience, categories, and integrations in detail.

    Reply
    • The article successfully conveys the strengths and unique features of both Luno and Crypto.com, helping readers make well-informed choices.

      Reply
  3. The article presents a comprehensive comparison of Luno and Crypto.com, covering various aspects such as their founding, audience, and unique features in great detail.

    Reply
    • The in-depth comparison enables readers to gain a clear understanding of the strengths and differentiators of both Luno and Crypto.com, aiding in informed decision-making.

      Reply
  4. The article provides valuable insights into the functionality and offerings of both Luno and Crypto.com, making it easier for readers to make informed decisions.

    Reply
    • I appreciate the focus on the user experience and security, as these are crucial aspects for anyone engaging in cryptocurrency trading.

      Reply
  5. The article offers a thorough comparison of Luno and Crypto.com, discussing their features, origin, and supported cryptocurrencies extensively.

    Reply
    • The article’s coverage of factors such as pricing, categories, and integrations provides valuable insights into the unique offerings of Luno and Crypto.com.

      Reply
    • The comparison table effectively highlights the differences between Luno and Crypto.com, aiding readers in understanding their respective strengths and weaknesses.

      Reply
  6. The article offers a detailed and insightful comparison of Luno and Crypto.com, covering various aspects such as audience, categories, and integrations.

    Reply
    • The article’s focus on security measures and regulatory compliance enhances the credibility of the information provided about these platforms.

      Reply
  7. The content provides a comprehensive overview of Luno and Crypto.com, addressing factors such as their founding, audience, and supported cryptocurrencies in detail.

    Reply
  8. The article does a commendable job of presenting the strengths and weaknesses of Luno and Crypto.com, allowing readers to weigh their options effectively.

    Reply
    • The emphasis on security and regulatory compliance in the article adds credibility to the information shared about these platforms.

      Reply
    • The comprehensive comparison table provides a clear understanding of the differences between Luno and Crypto.com, aiding in decision-making.

      Reply
  9. The article offers a detailed overview of both Luno and Crypto.com, addressing their features, security measures, and user-friendliness.

    Reply
    • The mention of multilingual language support and varied payment methods shows the dedication of these platforms to user accessibility and convenience.

      Reply
    • I found the emphasis on security measures particularly reassuring, especially when dealing with digital currencies.

      Reply
  10. The comparison between Luno and Crypto.com is presented in an informative and structured manner, making it easier for readers to grasp the differences between the two platforms.

    Reply
    • The article effectively highlights the unique features and offerings of Luno and Crypto.com, facilitating informed decision-making for users.

      Reply

Leave a Comment

Want to save this article for later? Click the heart in the bottom right corner to save to your own articles box!