Crypto review - South Africa
Luno review South Africa (2026)
Verdict: A strong first exchange option for South Africans who want simplicity. Compare total cost if you trade frequently.
Who this brand is best for
Beginner-friendly onboarding. Shortlist Luno if this matches you - then verify details on official pages.
Pros
- Clean onboarding flow for beginners
- Simple mobile-first experience
- Good starting point for learning basics
Cons
- May not be the cheapest for frequent traders
- Advanced tools may be limited depending on product availability
Checklist before you commit
| Check | Why it matters |
|---|---|
| ZAR funding methods | Confirm the latest terms/fees on official pages. |
| Spread vs fee clarity | Confirm the latest terms/fees on official pages. |
| Withdrawal timing | Confirm the latest terms/fees on official pages. |
Alternatives (compare before you choose)
- Binance review - Wide product range
- AltCoinTrader review - Local exchange alternative
- Kraken review - Security-focused users
FAQ
Is Luno good for beginners in South Africa?
It depends on ZAR funding, total cost and withdrawal reliability. Compare 2-3 exchanges, then test small.
Do I need KYC?
Most reputable exchanges require identity verification, especially for withdrawals.
How do I compare fees properly?
Compare spread + trading fee + withdrawal costs for the same order size on the same day.
Should I use a wallet?
For larger long-term holdings, consider a wallet you control if you can manage backups securely.