Pros & Cons |
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Easy to use mobile and web apps
Great for beginners
Strong support in a number of developing countries
Low exchange fees if you use the Luno exchange
Large, reputable business
Fiat exchange available on Luno but not on Velocore
Interface supports English, French, Italian and Indonesian whereas Velocore doesn't
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Velocore is decentralised, but Luno is not
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Staking Rates
Luno will pay interest on USDC stable coin deposits whereas Velocore does not
Luno will pay interest on 2 crypto currency deposits not offered by Velocore:
1 more stakings rates pro ...
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Need to manually transfer funds to savings account to start earning interest
No loans available (except for large instituions)
Savings interest rates are variable so it is hard to know how much you will actually earn
Transfers of crypto out of your savings wallet sometimes take 24 hours
Very limited number of savings account currencies
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Staking Rates |
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The table below compares the staking rates for Luno and Velocore.
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Loading rates ...
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Loading rates ...
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Company |
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Legal name
Luno Pte. Ltd
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Legal name
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Year founded
2012
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Year founded
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Country incorporated in
206
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Country incorporated in
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Headquarters country
1
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Headquarters country
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Decentralised
No
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Decentralised
Yes
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Open source
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Open source
Yes
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Number of employees
400
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Number of employees
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Number of users
8,000,000
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Number of users
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Total assets under management
$21,000,000,000USD
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Total assets under management
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Withdrawal time in hours
1hours
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Withdrawal time in hours
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Products |
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Savings accounts
Yes
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Savings accounts
Yes
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Loans
No
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Loans
No
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Crypto to crypto exchange
Yes
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Crypto to crypto exchange
Yes
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Fiat to crypto exchange
Yes
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Fiat to crypto exchange
No
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Pro exchange marketplace
No
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Pro exchange marketplace
No
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Peer to peer exchange
No
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Peer to peer exchange
No
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Margin trading
No
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Margin trading
No
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Corporate accounts
Yes
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Corporate accounts
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Instantly buy crypto with fiat
Yes
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Instantly buy crypto with fiat
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Integrated crypto wallet
Yes
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Integrated crypto wallet
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Crypto withdrawals to private wallet
Yes
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Crypto withdrawals to private wallet
Yes
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Fast account verification
Yes
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Fast account verification
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Futures exchange
No
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Futures exchange
No
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DEX aggregator
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DEX aggregator
Yes
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Chain agnostic
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Chain agnostic
No
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Security |
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Cold storage
Yes
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Cold storage
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Cold storage custodian
BitGo
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Cold storage custodian
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Two factor authentication
Yes
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Two factor authentication
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Credit check
No
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Credit check
No
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Support |
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Email support
No
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Email support
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Phone support
No
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Phone support
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Chat support
Yes
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Chat support
Yes
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Fees |
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Maker fee
0%
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Maker fee
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Taker fee
0%
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Taker fee
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Fiat deposit fee
Free
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Fiat deposit fee
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Fiat withdrawal fee
Free
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Fiat withdrawal fee
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Crypto deposit fee
Free
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Crypto deposit fee
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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.
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Withdrawal process
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Withdrawal time
1 hours
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Withdrawal time
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Crypto withdrawal fee
Varies according to current market
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Crypto withdrawal fee
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Savings crypto account withdrawal limit
$120,000 USD per day, £600,000 USD per month
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Savings crypto account withdrawal limit
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Fiat wallet withdrawal limit
No limit for fully verified users
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Fiat wallet withdrawal limit
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Savings fiat account withdrawal limit
No limit for fully verified users
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Savings fiat account withdrawal limit
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Investment Strategy |
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Liquidity pools
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Liquidity pools
Yes
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DeFi products
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DeFi products
Yes
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Unsecured loans
No
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Unsecured loans
No
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Independent proof of reserves
Yes
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Independent proof of reserves
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Proof of reserves
Undertaken quarterly by Mazers
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Proof of reserves
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Registrations & Regulation |
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Know your customer
Yes
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Know your customer
Yes
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Regulators
Luno embraces regulation and has worked closely with regulators in its target countries in Africa and Asia.
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Regulators
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We always rank and compare products objectively and impartially.
We carefully research products for legitimacy before adding them to the platform.
We never sell or disclose your data to anyone.