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Home Platforms 0vix vs Luno

Compare 0vix vs Luno

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Pros & Cons

tick Built on Polygon Network
tick Faster and Cheaper transactions
tick $1,403,119 USD currently invested (TVL)
tick 0vix is decentralised, but Luno is not
tick Offers loans but Luno doesn't
tick Know your customer checks are required on 0vix but not on Luno
tick Easy to use mobile and web apps
tick Great for beginners
tick Strong support in a number of developing countries
tick Low exchange fees if you use the Luno exchange
tick Large, reputable business
tick Been in business longer than 0vix (Founded 2012 vs 2022)
tick Fiat exchange available on Luno but not on 0vix
tick Instantly buy crypto with fiat on Luno but not on 0vix
tick Account verification in less than 1 hour available on Luno but not on 0vix
tick Interface supports English, French, Italian and Indonesian whereas 0vix doesn't
Staking Rates
tick Luno will pay interest on USDC stable coin deposits whereas 0vix does not
tick Luno will pay interest on 2 crypto currency deposits not offered by 0vix:
1 more stakings rates pro ...
cross The Protocol was founded in 2022 and has a short history.
cross Limited number of supplied cryptocurrencies
cross Need to manually transfer funds to savings account to start earning interest
cross No loans available (except for large instituions)
cross Savings interest rates are variable so it is hard to know how much you will actually earn
cross Transfers of crypto out of your savings wallet sometimes take 24 hours
cross Very limited number of savings account currencies
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Staking Rates

The table below compares the staking rates for 0vix and Luno.
Stable Coins
Crypto Currencies
Loading rates ...
Stable Coins
USDC USDC
7.6%
7.6%
Crypto Currencies
BTC Bitcoin
1.5%
1.5%
ETH Ethereum
2%
2%
Loading rates ...
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Company

Automatic market maker
tick Yes
Automatic market maker
Legal name
0vix Protocol
Legal name
Luno Pte. Ltd
Year founded
2022
Year founded
2012
Country incorporated in
Country incorporated in
206
Headquarters country
Headquarters country
1
Decentralised
tick Yes
Decentralised
cross No
Open source
tick Yes
Open source
Number of employees
Number of employees
400
Number of users
Number of users
8,000,000
Total assets under management
Total assets under management
$21,000,000,000USD
Withdrawal time in hours
Withdrawal time in hours
1hours
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Products

Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
tick Yes
Loans
cross No
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
cross No
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
cross No
Pro exchange marketplace
cross No
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
cross No
Margin trading
cross No
Corporate accounts
Corporate accounts
tick Yes
Instantly buy crypto with fiat
cross No
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
cross No
Fast account verification
tick Yes
Futures exchange
cross No
Futures exchange
cross No
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Security

Cold storage
Cold storage
tick Yes
Cold storage custodian
Cold storage custodian
BitGo
Two factor authentication
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
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Support

Email support
Email support
cross No
Phone support
Phone support
cross No
Chat support
Chat support
tick Yes
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Fees

Maker fee
Maker fee
0%
Taker fee
Taker fee
0%
Fiat deposit fee
Fiat deposit fee
tick Free
Fiat withdrawal fee
Fiat withdrawal fee
tick Free
Crypto deposit fee
Crypto deposit fee
tick Free
Withdrawal process
Withdrawal process
You must enable "send mode" before withdrawals can be made. This mode takes 24 hours to activate. Once send mode is enabled withdrawals are processed quickly, normally within a few minutes.
Withdrawal time
Withdrawal time
1 hours
Crypto withdrawal fee
Crypto withdrawal fee
Varies according to current market
Savings crypto account withdrawal limit
Savings crypto account withdrawal limit
$120,000 USD per day, £600,000 USD per month
Fiat wallet withdrawal limit
Fiat wallet withdrawal limit
No limit for fully verified users
Savings fiat account withdrawal limit
Savings fiat account withdrawal limit
No limit for fully verified users
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Investment Strategy

Liquidity pools
tick Yes
Liquidity pools
Unsecured loans
Unsecured loans
cross No
Independent proof of reserves
Independent proof of reserves
tick Yes
Proof of reserves
Proof of reserves
Undertaken quarterly by Mazers
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Registrations & Regulation

Know your customer
cross No
Know your customer
tick Yes
Regulators
Regulators
Luno embraces regulation and has worked closely with regulators in its target countries in Africa and Asia.
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Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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