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Home Platforms Luno vs Thorchain

Compare Luno vs Thorchain

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Pros & Cons
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 More reviews than Thorchain (9,329 vs 1 reviews)
tick Been in business longer than Thorchain (Founded 2012 vs 2018)
tick Interface supports English, French, Italian and Indonesian whereas Thorchain doesn't
tick $119,319,800 USD currently invested (TVL)
tick Investments in 29 coin pairs available
tick Supports 7 protocols including Bitcoin Cash, Doge and Bitcoin
tick Higher average review rating than Luno, but based on fewer reviews (94% vs 78%)
tick Thorchain is decentralised, but Luno is not
tick Know your customer checks are required on Thorchain but not on Luno
Staking Rates
tick Luno will pay interest on USDC stable coin deposits whereas Thorchain does not
tick Luno will pay interest on 2 crypto currency deposits not offered by Thorchain:
Bitcoin (BTC)
Ethereum (ETH)
1 more stakings rates pro ...
Staking Rates
tick Thorchain will pay interest on 28 crypto currency deposits not offered by Luno:
AAVE-RUNE (AAVE-RUNE)
ATOM-RUNE (ATOM-RUNE)
AVA-RUNE (AVA-RUNE)
BCH-RUNE (BCH-RUNE)
BNB-RUNE (BNB-RUNE)
BTC-RUNE (BTC-RUNE)
BTCB-RUNE (BTCB-RUNE)
BUSD-RUNE (BUSD-RUNE)
DAI-RUNE (DAI-RUNE)
DOGE-RUNE (DOGE-RUNE)
DPI-RUNE (DPI-RUNE)
ETH-RUNE (ETH-RUNE)
FOX-RUNE (FOX-RUNE)
GUSD-RUNE (GUSD-RUNE)
LTC-RUNE (LTC-RUNE)
LUSD-RUNE (LUSD-RUNE)
SNX-RUNE (SNX-RUNE)
TGT-RUNE (TGT-RUNE)
THOR-RUNE (THOR-RUNE)
TWT-RUNE (TWT-RUNE)
UOS-RUNE (UOS-RUNE)
USDC-RUNE (USDC-RUNE)
USDP-RUNE (USDP-RUNE)
USDT-RUNE (USDT-RUNE)
WBTC-RUNE (WBTC-RUNE)
XDEFI-RUNE (XDEFI-RUNE)
XRUNE-RUNE (XRUNE-RUNE)
YFI-RUNE (YFI-RUNE)
More ...
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
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
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Reviews
78% based on 9,329 reviews
94% based on 1 review
User Reviews
Overall User Rating
78%
9,280 reviews
70%
120 reviews
76%
5,226 reviews
92%
4 reviews
73%
71 reviews
86%
3,500 reviews
74%
3 reviews
27%
356 reviews
Show All User Reviews
User Reviews
Overall User Rating
Show All User Reviews
Expert Reviews
Overall Expert Rating
75%
49 reviews
82%
80%
86%
80%
72%
80%
66%
80%
90%
80%
40%
75%
82%
74%
92%
70%
86%
76%
Show All Expert Reviews
Expert Reviews
Overall Expert Rating
94%
1 review
94%
Show All Expert Reviews
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Staking Rates
The table below compares the staking rates for Luno and Thorchain.
Stable Coins
USDC USDC
7.6%
7.6%
Crypto Currencies
BTC Bitcoin
1.5%
1.5%
ETH Ethereum
2%
2%
Loading rates ...
Stable Coins
Crypto Currencies
AAVE-RUNE AAVE-RUNE
32%
32%
ATOM-RUNE ATOM-RUNE
46.8%
46.8%
AVA-RUNE AVA-RUNE
9.78%
9.78%
BCH-RUNE BCH-RUNE
56.8%
56.8%
BNB-RUNE BNB-RUNE
32.8%
32.8%
BTC-RUNE BTC-RUNE
160%
160%
BTCB-RUNE BTCB-RUNE
30.1%
30.1%
BUSD-RUNE BUSD-RUNE
48%
48%
DAI-RUNE DAI-RUNE
30.1%
30.1%
DOGE-RUNE DOGE-RUNE
49.8%
49.8%
DPI-RUNE DPI-RUNE
8.19%
8.19%
ETH-RUNE ETH-RUNE
29.4% - 122%
29.4% - 122%
FOX-RUNE FOX-RUNE
13.1%
13.1%
GUSD-RUNE GUSD-RUNE
15.8%
15.8%
LTC-RUNE LTC-RUNE
106%
106%
LUSD-RUNE LUSD-RUNE
29.3%
29.3%
SNX-RUNE SNX-RUNE
27.8%
27.8%
TGT-RUNE TGT-RUNE
17.2%
17.2%
THOR-RUNE THOR-RUNE
12.2%
12.2%
TWT-RUNE TWT-RUNE
14.2%
14.2%
UOS-RUNE UOS-RUNE
8.07%
8.07%
USDC-RUNE USDC-RUNE
55.4%
55.4%
USDP-RUNE USDP-RUNE
23.4%
23.4%
USDT-RUNE USDT-RUNE
139%
139%
WBTC-RUNE WBTC-RUNE
11.6%
11.6%
XDEFI-RUNE XDEFI-RUNE
23.6%
23.6%
XRUNE-RUNE XRUNE-RUNE
5.35%
5.35%
YFI-RUNE YFI-RUNE
9.98%
9.98%
Loading rates ...
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Company
Legal name
Luno Pte. Ltd
Legal name
Year founded
2012
Year founded
2018
Country incorporated in
206
Country incorporated in
Headquarters country
1
Headquarters country
Platform token
Platform token
THORChain
Decentralised
cross No
Decentralised
tick Yes
Number of employees
400
Number of employees
Number of users
8,000,000
Number of users
Total assets under management
$21,000,000,000USD
Total assets under management
Withdrawal time in hours
1hours
Withdrawal time in hours
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Products
Savings accounts
tick Yes
Savings accounts
Loans
cross No
Loans
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
Pro exchange marketplace
cross No
Pro exchange marketplace
Peer to peer exchange
cross No
Peer to peer exchange
Margin trading
cross No
Margin trading
Corporate accounts
tick Yes
Corporate accounts
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
Integrated crypto wallet
tick Yes
Integrated crypto wallet
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
Fast account verification
tick Yes
Fast account verification
Futures exchange
cross No
Futures exchange
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Security
Cold storage
tick Yes
Cold storage
Cold storage custodian
BitGo
Cold storage custodian
Two factor authentication
tick Yes
Two factor authentication
Credit check
cross No
Credit check
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Support
Email support
cross No
Email support
Phone support
cross No
Phone support
Chat support
tick Yes
Chat support
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Fees
Maker fee
0%
Maker fee
Taker fee
0%
Taker fee
Fiat deposit fee
tick Free
Fiat deposit fee
Fiat withdrawal fee
tick Free
Fiat withdrawal fee
Crypto deposit fee
tick Free
Crypto deposit fee
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 process
Withdrawal time
1 hours
Withdrawal time
Crypto withdrawal fee
Varies according to current market
Crypto withdrawal fee
Savings crypto account withdrawal limit
$120,000 USD per day, £600,000 USD per month
Savings crypto account withdrawal limit
Fiat wallet withdrawal limit
No limit for fully verified users
Fiat wallet withdrawal limit
Savings fiat account withdrawal limit
No limit for fully verified users
Savings fiat account withdrawal limit
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Investment Strategy
Unsecured loans
cross No
Unsecured loans
Independent proof of reserves
tick Yes
Independent proof of reserves
Proof of reserves
Undertaken quarterly by Mazers
Proof of reserves
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Registrations & Regulation
Know your customer
tick Yes
Know your customer
cross No
Regulators
Luno embraces regulation and has worked closely with regulators in its target countries in Africa and Asia.
Regulators
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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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We always rank and compare products objectively and impartially.

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