Luno vs Yellow Card
- Comparing
- two exchanges
- Decided by
- Editorial rating
- Last reviewed
- 2026-08-12
A DCG-owned exchange refocused on Africa and Southeast Asia, with a regulatory first in Nigeria.
Africa's largest licensed crypto on-ramp, spanning more than 20 countries with local bank and mobile money rails.
Verdict: Yellow Card
Yellow Card rates higher on our rubric: 4.1 against 4.0 for Luno.
- Criterion
- Editorial rating
- Luno
- 4.0
- Yellow Card
- 4.1
Luno and Yellow Card, 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.
| Fact | Luno | Yellow Card |
|---|---|---|
| Editorial rating | 4.0 | 4.1 (favoured on this row) |
| Published fees | Spread on instant buys | Spread built into the price |
| Maker fee | Not published | Not published |
| Taker fee | Not published | Not published |
| Identity verification | Required | Required |
| Bitcoin-only | No | No |
| Payment rails supported | 9 | 13 |
| Countries ranked in | 5 | 20 |
| Ranks first in | 3 | 18 |
| Countries shared | 3 | 3 |
| Security record | No record on file | No record on file |
| Founded | 2013 | 2016 |
| Headquarters | London, United Kingdom | Not stated |
| Last reviewed | 2026-08-12 | 2026-08-12 |
Where both Luno and Yellow Card 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.
| Country | Status | Luno ranks | Yellow Card ranks | Comparison |
|---|---|---|---|---|
| Kenya | Legal | #2 | #1 | Best exchanges there |
| Nigeria | Legal | #1 | #2 | |
| South Africa | Legal | #1 | #2 | Best exchanges there |
Kenya
Nigeria
South AfricaFrequently asked questions
Is Luno or Yellow Card better?
Yellow Card rates higher on our rubric: 4.1 against 4.0 for Luno. 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, Luno or Yellow Card?
Luno: Spread on instant buys. Yellow Card: Spread built into the price. 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 Luno and Yellow Card?
Both are ranked in our guides for Kenya, Nigeria, South Africa. Luno is ranked in 5 countries in all and Yellow Card in 20; each country guide ranks its own roster, so the two can sit in a different order from one country to the next.
Has Luno or Yellow Card had a security incident?
Luno carries no dated security record on our review yet, a gap in our records rather than a clean bill. Yellow Card 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 Luno and Yellow Card require ID verification?
Luno: required; identity verification is required in every market.. Yellow Card: required; identity verification is required, with requirements varying by country..
The full reviews: Luno and Yellow Card, each with its sources, and every exchange we review.
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