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Your expert: Alejandro Borja
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Fees
Earns
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Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Coins.Ph | FEATURES | Luno |
|---|---|---|
|
The minimum trade amount varies by cryptocurrency, with popular currencies like Bitcoin having very small minimum requirements, allowing for micro-transactions. |
Minimum Trade |
Luno allows small minimum trades, making it accessible for beginners to start with lower amounts. |
|
Coins.ph charges competitive rates, typically lower than many other licensed exchanges in the region. This includes a spread on buy/sell transactions and minimal fees for crypto transfers. |
Trading and Transaction Fees |
Luno’s fees are competitive but can vary by region and payment method, which may impact cost efficiency for some users. |
|
Coins.ph offers over 50 cryptocurrencies, providing a diverse range of options for traders. |
Number of Cryptocurrencies |
Luno offers a selection of the most popular cryptocurrencies but has a more limited range compared to larger exchanges. |
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The platform supports numerous trading pairs involving major cryptocurrencies and Philippine Pesos, catering extensively to local market needs. |
Crypto-to-Crypto Trading Pairs |
Luno provides a few crypto-to-crypto trading pairs, focusing more on fiat to crypto transactions which limits trading strategies. |
|
The Coins.ph website provides clear information on fees, processes, and security measures, enhancing user trust and compliance transparency. |
Website Transparency |
The Luno website provides clear information on fees, policies, and company details, although some users may seek more depth in certain areas. |
|
Coins.ph does not offer an exchange card for in-store purchases. |
Credit/Debit Card |
The Luno card effectively integrates with their service offering, providing convenience and accessibility for in-store purchases while also facilitating easy conversion from crypto to fiat. This feature enhances user experience by expanding the usability of cryptocurrencies in everyday life. However, availability may vary by region, which is why it doesn’t achieve a perfect score. |
|
Coins.ph offers a secure digital wallet service with robust security measures including 2FA. Highly secure with a user-friendly interface. |
Storage Offering |
Luno excels in secure cryptocurrency storage solutions, offering integrated wallets with advanced security measures. |
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Currently, Coins.ph does not offer staking services for earning rewards on crypto assets. This is a significant area for potential growth and user engagement. |
Staking and Rewards |
Currently, Luno has limited options for staking and rewards, which could be an area for future development to enhance user returns. |
|
Both mobile and desktop interfaces are available, with the mobile app being particularly praised for its user-friendly design. Excellent accessibility and usability across devices. |
Mobile App and Desktop |
Luno’s mobile app and desktop platform are highly user-friendly, offering intuitive navigation and robust functionality for all user levels. |
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Known for its effective customer service with multiple channels including live chat and email support. While generally good, there is room for faster response times and extended support hours. |
Customer Service |
Luno provides competent customer service with multiple channels for support, though response times can occasionally extend during high demand periods. |
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Users can easily deposit and withdraw funds using various methods including bank transfers, credit/debit cards, and even through physical retail partners. Highly accessible but could benefit from reduced fees and faster processing times for certain methods. |
Deposit and Withdraw |
Deposits and withdrawals are generally smooth with Luno, supporting various methods, though some users might face delays depending on their region. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S