Paxful vs Luno

Paxful or Luno – which is better for UK traders 2024? Compare Paxful and Luno in this detailed breakdown of their platforms, features and fees.

Paxful vs Luno Comparison Table 2024

Paxful	Luno
3.8	2
Paxful is ranked #83 among crypto brokers.	Luno is ranked #83 among crypto brokers.
Review	Review
Paxful has closed or no longer accepts UK clients. Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.	Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin.
Pros
	Instant Trade, savings wallets, and crypto transactions supported Third-party proof of reserves audits available to view Transparent fee structure with zero market maker charges Market news, insights and educational content available 'Deep Freeze' multi-signature wallets to store cryptos High liquidity and high-speed platform so the spreads are kept low Simple and easy-to-use interface
Cons
	Very narrow range of cryptos with up to 11 tokens available that varies by jurisdiction Poor payment methods with restrictions in some countries Below average customer support with no live chat or telephone Limited analysis tools and features for seasoned traders Not regulated or insured, raising safety concerns
FCA Regulated
No	No List of FCA Regulated Brokers
Instruments
Cryptos	Cryptos
Demo Account
No	No
Minimum Deposit
0.005 BTC	£1
Payment Methods
Credit Cards Debit Card Google Pay Mastercard Neteller PayPal Skrill Visa Wire Transfer	Credit Cards Debit Card Wire Transfer
Minimum Trade
$10	£10
Mobile Apps
Android & iOS	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
Yes	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
Yes	No
Spot Trading
Yes	No
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP
Cryptocurrency
Paxful offers buying and selling of the world's leading cryptocurrencies.	Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets.
Spread
Rates set by vendors	Variable
Coins
BTC ETH USDT	BTC ETH LTC XRP BCH USDC
Crypto Lending
No	Yes
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	Yes
Paxful	Luno
Review	Review
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