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 has run out: deposits and buying were switched off on 1 June 2026, and sending crypto to external wallets ended on 29 June 2026. Selling on the platform and withdrawing fiat to a bank account was possible until 31 August 2026, and the affected accounts have been closed since 1 September 2026.
Anyone still holding a balance with Luno can only reach it through support: amounts remaining after the deadline require manual processing, 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 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 were only possible until 31 August 2026
- Accounts closed since 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 completed
- Deadline for selling and withdrawal passed: 31 August 2026
- Accounts closed since: 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
Crypto Exchange Deadlines in August: What Still Applies Now the Seven Cut-Off Dates to August 31 Have Passed
Recap as of September 27, 2026: between August 17 and August 31, 2026, deadlines expired at seven providers that affected investors in Germany. We had recorded the dates ourselves on August 16. Only the withdrawal of the six tokens delisted by Binance remains open, possible until October 17, 2026 at 03:00 UTC.
August 11, 2026 2:00 PM
Luno closes EU accounts: what customers should know now the 31 August deadline has passed
Recap as of 27 September 2026: Luno had announced it was winding down its service in affected European markets. Selling and euro withdrawals ended on 31 August 2026, accounts were due to close on 1 September, and remaining balances attract fees of up to $52 a month. This article describes the situation before the deadline and the MiCA-licensed alternatives.
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