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Binance vs Luno: fees, licences and P2P
Facts for both companies from their official pages; each was checked on the date shown in its review.
Facts verified on October 18, 2026
Key differences
- Only Binance is licensed by FSRA (ADGM), AFSA, CBB, VARA, Bappebti, JFSA, SEC (Thailand), CNAD, and BCR (El Salvador).
- Only Luno is licensed by BMA, SC Malaysia, and OJK.
Side by side
| Criterion | | |
|---|---|---|
| Rating | ||
| Regulators | FSRA (ADGM), AFSA, CBB, VARA, Bappebti, JFSA, SEC (Thailand), CNAD, BCR (El Salvador), FSCA | FSCA, BMA, SC Malaysia, OJK |
| Spot trading fees | maker 0.1%, taker 0.1% | — |
| USDT withdrawal | 0.01 USDT on BEP20, 0.04 USDT on AVAXC, 0.04 USDT on OPTIMISM +6 | — |
| P2P trading | yes, in 112 local currencies | — |
| Futures | yes, up to 1:150 | — |
| Proof of reserves | published | published |
| Deposits and withdrawals | Bank transfer | Bank transfer, Visa / Mastercard |
| Not available in | United States, Canada, Netherlands, Cuba, North Korea, Iran | — |
| Available only in | — | Bermuda, Indonesia, Malaysia, Nigeria, South Africa, Uganda +2 |
| Read review | Read review |
Frequently asked questions
Which regulators license Binance and Luno?
Binance is licensed by FSRA (ADGM), AFSA, CBB, VARA, Bappebti, JFSA, SEC (Thailand), CNAD, BCR (El Salvador), and FSCA; Luno by FSCA, BMA, SC Malaysia, and OJK.
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- Luno vs OVEX
- Luno vs Rain
- Luno vs VALR
- Luno vs Yellow Card