Luno — review & details
An established, simple exchange popular with beginners across Africa — a clean app for buying and holding BTC, ETH and majors. Verify its current Kenya VASP status before funding.
Beginner-friendly
Luno
★★★★☆
Bank/local rails — confirm current KES options
Funding
BTC, ETH and major coins
Assets
KYC onboarding; verify current VASP status with CBK/CMA
Compliance
Crypto is volatile and not deposit-insured
Risk
1
Local Onramp
Pros
- Simple, beginner-friendly app
- Established regional operator
- Clear buy/sell/store flow
Cons
- Fewer assets than the big global exchanges
- Confirm current KES funding + VASP status
How Luno compares in crypto exchanges
| Luno | Yellow Card | Binance (P2P) | |
|---|---|---|---|
| Funding | Bank/local rails — confirm current KES options | M-Pesa and bank transfer, in shillings | P2P (M-Pesa/bank settlement between users, escrowed) |
| Assets | BTC, ETH and major coins | BTC, USDT and other majors | Full major-exchange range |
| Compliance | KYC onboarding; verify current VASP status with CBK/CMA | KYC/AML onboarding; verify current VASP status with CBK/CMA | Global KYC; verify Kenya VASP status as licensing phases in |
| Risk | Crypto is volatile and not deposit-insured | Crypto is volatile and not deposit-insured | P2P adds counterparty/payment-dispute risk on top of volatility |
| Local Onramp | 1 | 1 | 1 |
| Visit Luno → | Visit Yellow Card → | Read our USDT/P2P guide → |
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