Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
 Share
Home Platforms Kraken vs Luno

Compare Kraken vs Luno

 vs
Add / Remove Platforms

Pros & Cons
tick One of the biggest crypto exchanges in the world
tick Large selection of supported cryptocurrencies
tick Very competitive maker and taker fees
tick Available in almost all countries
tick Higher average review rating than Luno (89% vs 78%)
tick More reviews than Luno (12,752 vs 9,329 reviews)
tick Higher rating for android phone app than Luno (4.2 vs 3.5 stars)
tick Been in business longer than Luno (Founded 2011 vs 2012)
tick Pro exchange marketplace available on Kraken but not on Luno
tick Margin trading available on Kraken but not on Luno
tick Futures exchange available on Kraken but not on Luno
tick Has email support but Luno doesn't
tick Has phone support but Luno doesn't
tick Interface supports Japanese, Turkish, Vietnamese, Portuguese-Portuguese, Spanish, Simplified Chinese, Russian and Filipino whereas Luno doesn't
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 Higher rating on Trustpilot than Kraken (3.8 vs 2.7 stars)
tick Has fewer users than Kraken
tick Has less assets under management than Kraken
tick Account verification in less than 1 hour available on Luno but not on Kraken
tick Has a higher maker fee than Kraken
tick Has a higher taker fee than Kraken
tick Interface supports Indonesian whereas Kraken doesn't
Staking Rates
tick Kraken has a higher base earnings rate for Ethereum (ETH) (5.5%% vs 2.00000%)
tick Kraken will pay interest on 10 crypto currency deposits not offered by Luno:
Cardano (ADA)
Algorand (ALGO)
Cosmos (ATOM)
Polkadot (DOT)
Flow (FLOW)
Kava (KAVA)
Kusama (KSM)
Mina (MINA)
Solana (SOL)
Tezos (XTZ)
More ...
1 more stakings rates pro ...
Staking Rates
tick Luno will pay interest on USDC stable coin deposits whereas Kraken does not
tick Luno has a higher base earnings rate for Bitcoin (BTC) (1.5%% vs 0.25000%)
1 more stakings rates pro ...
cross A bit complex for beginners
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
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
Go To Platform
Go To Platform

Reviews
89% based on 12,752 reviews
78% based on 9,329 reviews
User Reviews
Overall User Rating
89%
12,513 reviews
84%
26 reviews
80%
14 reviews
82%
457 reviews
90%
11,900 reviews
54%
2 reviews
90%
56 reviews
24%
58 reviews
Show All User Reviews
User Reviews
Overall User Rating
78%
9,280 reviews
70%
120 reviews
92%
4 reviews
73%
71 reviews
86%
3,500 reviews
76%
5,226 reviews
74%
3 reviews
27%
356 reviews
Show All User Reviews
Expert Reviews
Overall Expert Rating
60%
239 reviews
92%
48%
88%
48%
90%
78%
78%
100%
80%
93%
87%
40%
90%
80%
96%
100%
80%
90%
88%
100%
85%
80%
80%
85%
70%
80%
98%
100%
82%
88%
80%
93%
100%
60%
75%
76%
85%
77%
100%
98%
78%
80%
91%
90%
100%
82%
78%
60%
76%
90%
72%
100%
49%
80%
100%
87%
91%
82%
70%
20%
90%
92%
96%
Show All Expert Reviews
Expert Reviews
Overall Expert Rating
75%
49 reviews
82%
74%
75%
70%
80%
80%
82%
66%
72%
86%
40%
80%
80%
90%
80%
86%
76%
92%
Show All Expert Reviews
Go To Platform
Go To Platform

Staking Rates
The table below compares the staking rates for Kraken and Luno.
Stable Coins
Crypto Currencies
ADA Cardano
5%
5%
ALGO Algorand
4.75%
4.75%
ATOM Cosmos
7.5%
7.5%
BTC Bitcoin
0.25%
0.25%
DOT Polkadot
12%
12%
ETH Ethereum
5.5%
5.5%
FLOW Flow
7.5%
7.5%
KAVA Kava
23%
23%
KSM Kusama
18%
18%
MINA Mina
16%
16%
SOL Solana
6.5%
6.5%
XTZ Tezos
4.7%
4.7%
Loading rates ...
Stable Coins
USDC USDC
7.6%
7.6%
Crypto Currencies
BTC Bitcoin
1.5%
1.5%
ETH Ethereum
2%
2%
Loading rates ...
Go To Platform
Go To Platform

Company
Legal name
Payward Inc
Legal name
Luno Pte. Ltd
Year founded
2011
Year founded
2012
Country incorporated in
2
Country incorporated in
206
Headquarters country
2
Headquarters country
1
Decentralised
cross No
Decentralised
cross No
Number of employees
250
Number of employees
400
Number of users
4,000,000
Number of users
8,000,000
Total assets under management
$10,000,000,000USD
Total assets under management
$21,000,000,000USD
Withdrawal time in hours
Withdrawal time in hours
1hours
Go To Platform
Go To Platform

Products
Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
cross No
Loans
cross No
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
tick Yes
Pro exchange marketplace
cross No
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
tick Yes
Margin trading
cross No
Corporate accounts
tick Yes
Corporate accounts
tick Yes
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
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
tick Yes
Futures exchange
cross No
Go To Platform
Go To Platform

Security
Cold storage
tick Yes
Cold storage
tick Yes
Cold storage custodian
Self custody
Cold storage custodian
BitGo
Two factor authentication
tick Yes
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
Go To Platform
Go To Platform

Support
24/7 support
tick Yes
24/7 support
Email support
tick Yes
Email support
cross No
Phone support
tick Yes
Phone support
cross No
Chat support
tick Yes
Chat support
tick Yes
Go To Platform
Go To Platform

Fees
Maker fee
0%
Maker fee
0%
Taker fee
0%
Taker fee
0%
Exchange fees
Maker and taker fees vary by 30 day trade volume and go as low as 0% maker fee and 0.1% taker fee for traders exchanging more than $10,000,000 per month
Exchange fees
Fiat deposit fee
tick Free
Fiat deposit fee
tick Free
Fiat withdrawal fee
tick Free
Fiat withdrawal fee
tick Free
Crypto deposit fee
tick Free
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
tick Free
Crypto withdrawal fee
Varies according to current market
Crypto wallet withdrawal limit
Starter accounts: $5,000 per day. Intermediate accounts: $500,000 per day. Pro accounts: $10,000,000 per day
Crypto wallet withdrawal limit
Savings crypto account withdrawal limit
Savings crypto account withdrawal limit
$120,000 USD per day, £600,000 USD per month
Fiat wallet withdrawal limit
Express accounts: $9,000 per day. Intermediate accounts: $100,000 per day. Pro accounts: $10,000,000 per day.
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
Go To Platform
Go To Platform

Investment Strategy
Unsecured loans
Unsecured loans
cross No
Independent proof of reserves
tick Yes
Independent proof of reserves
tick Yes
Proof of reserves
Proof of reserves
Undertaken quarterly by Mazers
Go To Platform
Go To Platform

Registrations & Regulation
Know your customer
tick Yes
Know your customer
tick Yes
Regulators
Regulated by FinCEN in the USA, FINTRAC in Canada, FCA in the UK, the Australian Transaction Reports and Analysis Centre in Australia and the FSA in Japan
Regulators
Luno embraces regulation and has worked closely with regulators in its target countries in Africa and Asia.
Financial Crimes Enforcement Network
tick Yes
Financial Crimes Enforcement Network
Financial Conduct Authority
tick Yes
Financial Conduct Authority
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
tick Yes
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
Australian Securities and Investment Commission - Registration as Foreign Company
tick Yes
Australian Securities and Investment Commission - Registration as Foreign Company
Financial Services Agency - Crypto Asset Exchange Operator
tick Yes
Financial Services Agency - Crypto Asset Exchange Operator
Go To Platform
Go To Platform

Other Platform Comparisons

Blog Page 1
Blog Page 2
Blog Page 3
Blog Page 4
Crypto Platform News - Uptober 2023
Crypto Platform News - September 2023
Crypto Platform News - August 2023
The Evolution of Monetary Sovereignty in Modern Finance and the Dollar as a Measurement Unit.
Crypto Platform News - July 2023
Crypto Platform News - June 2023
The Top 5 Biggest Crypto Cities and Communities
Responsible Development of AI; Let's be good parents for AI
Crypto Platform News - May 2023
April 2023 Market Review
Crypto Platform News - April 2023
Crypto Platform News - March 2023
March 2023 Market Review
Are cryptocurrencies securities? Is Bitcoin Halal?
February 2023 Market Review
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.

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

About Us
Blog
Jobs
Contact Us
Terms
Privacy & Cookies
Sitemap
Follow DeFinda on Twitter
© DeFinda 2024
Share Page Using
Twitter
Email
Whatsapp
Facebook
Reddit
LinkedIn