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Coinmama vs Luno

Comparing
two exchanges
Decided by
Editorial rating
Last reviewed
2026-08-12
Coinmama3.9

A card-first broker that sends bitcoin straight to your own wallet instead of holding it for you.

Luno4.0

A DCG-owned exchange refocused on Africa and Southeast Asia, with a regulatory first in Nigeria.

Verdict: Luno

Luno rates higher on our rubric: 4.0 against 3.9 for Coinmama.

Criterion
Editorial rating
Coinmama
3.9
Luno
4.0

Coinmama and Luno, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

Coinmama and Luno compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactCoinmamaLuno
Editorial rating3.94.0 (favoured on this row)
Published feesCommission plus card surchargeSpread on instant buys
Maker feeNot publishedNot published
Taker feeNot publishedNot published
Identity verificationRequiredRequired
Bitcoin-onlyNoNo
Payment rails supported349
Countries ranked in1445
Ranks first in233
Countries shared11
Security recordNo record on fileNo record on file
Founded20132013
HeadquartersVancouver, Canada (Wellfield Technologies)London, United Kingdom
Last reviewed2026-08-122026-08-12

Where both Coinmama and Luno are ranked

Each country guide ranks its own roster on published fees, security record and local payment support, so the two can sit in a different order from one country to the next.

Countries whose guide ranks both Coinmama and Luno, with each platform's position in that guide.
CountryStatusCoinmama ranksLuno ranksComparison
MalaysiaLegal#2#1Best exchanges there

Frequently asked questions

Is Coinmama or Luno better?

Luno rates higher on our rubric: 4.0 against 3.9 for Coinmama. The rating weighs published fees, security record and local payment support; the table above sets each beside the other so you can check the score against the facts.

Which is cheaper, Coinmama or Luno?

Coinmama: Commission plus card surcharge. Luno: Spread on instant buys. Those are each platform's published headline rates; card purchases and instant-buy widgets cost more than the order book on both, and each review carries the full schedule.

Where can I use both Coinmama and Luno?

Both are ranked in our guides for Malaysia. Coinmama is ranked in 144 countries in all and Luno in 5; each country guide ranks its own roster, so the two can sit in a different order from one country to the next.

Has Coinmama or Luno had a security incident?

Coinmama carries no dated security record on our review yet, a gap in our records rather than a clean bill. Luno carries no dated security record on our review yet, a gap in our records rather than a clean bill. Both reviews list every event with its source.

Do Coinmama and Luno require ID verification?

Coinmama: required; identity verification is required before your first purchase.. Luno: required; identity verification is required in every market..

The full reviews: Coinmama and Luno, each with its sources, and every exchange we review.

More comparisons

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