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Binance logo vs Luno logo

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

Side by side

Criterion Binance Luno
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
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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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