Luno Reviews
Luno is discontinuing service in the affected European markets — deposits and buying are already switched off, selling and withdrawals end on 31 August 2026.
Luno Rating
Our Opinion
For users in the affected European markets, Luno is no longer a usable provider. The company has begun withdrawing from those regions, citing a focus on its core markets across Africa and South East Asia. It does not hold authorisation under MiCA, which has been required to operate in the EU since 1 July 2026.
The timetable is tight and partly already past: deposits and buying were switched off on 1 June 2026, and sending crypto to external wallets ended on 29 June 2026. Existing balances can only be sold on the platform and withdrawn as fiat to a bank account — and that option ends on 31 August 2026. Affected accounts close on 1 September 2026.
Anyone still holding a balance with Luno should not postpone selling and withdrawing to their own bank account. Amounts remaining after the deadline require manual processing through support, and from December monthly fees can apply that will erode smaller residual balances. For a fresh start Luno is not an option in these markets — providers holding MiCA authorisation are available instead.
Pros & Cons
- Operating since 2013 with a long track record
- Simple interface and mobile apps
- Registered in France as a Digital Asset Service Provider with the AMF
- Still active in its core markets across Africa and South East Asia
- Service being discontinued in the affected European markets
- Deposits and buying switched off since 1 June 2026
- Crypto withdrawals to external wallets unavailable since 29 June 2026
- Selling and fiat withdrawal only until 31 August 2026
- Accounts close on 1 September 2026
- No MiCA authorisation
- Trading fees comparatively high at 1.5%
User Experiences
AI AnalysisOur AI collects and analyzes user reviews of Luno from the web and summarizes the key findings.
The interface and apps were regarded as simple and beginner-friendly. For affected users, operation is now limited to selling the balance and withdrawing to a bank account; amounts remaining after the deadline require manual processing through support. As of August 2026.
Editorial assessment based on publicly documented provider information and independent industry sources. As of August 2026. This comparison is not investment or tax advice. All information without guarantee.
Features
Highlights
- Withdrawal from the affected European markets underway
- Deadline for selling and withdrawal: 31 August 2026
- Account closure: 1 September 2026
- No MiCA authorisation
Tradeable Assets
- 19 cryptocurrencies
- Fiat balance
Trading Options
- Selling existing holdings until 31 August 2026
- Withdrawal to your own bank account until 31 August 2026
About Luno
Recent articles about Luno
August 19, 2026 7:16 AM
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August 11, 2026 2:00 PM
Luno closes EU accounts: sell and withdraw euros by 31 August 2026 or face monthly fees
Luno is winding down its service in affected European markets: selling and euro withdrawals end on 31 August 2026, accounts close on 1 September, and remaining balances attract fees of up to $52 a month. The deadlines, the steps, and the MiCA-licensed alternatives.
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