Compare
BF Bitfinex VS LN Luno
Both exchanges offer Spot. The differences below come from our individual reviews of Bitfinex and Luno.
| Bitfinex | Luno | |
|---|---|---|
| Founded | 2012 | 2013 |
| Regions | Blocked for US persons and entities since a 2021 New York Attorney General settlement. Available in most other regions, with licensed derivatives operations in El Salvador; verify local availability before signing up. | Strong presence across South Africa, Nigeria, and other African markets, plus Malaysia, Indonesia, and Singapore in Southeast Asia; also serves UK and EU users, though some UK services have been curtailed to meet FCA requirements. Availability and local payment rails vary significantly by country. |
| Products | Spot, Margin, Peer-to-peer margin funding, Perpetual and dated futures, Securities and OTC block trades | Spot |
| Maker fee | 0% as of a December 2025 platform-wide change; verify this remains current, since fee policy can shift again | Verify current tier: Luno uses a volume-based maker/taker schedule, historically starting around 0.1% maker and 0.25% taker at the base tier |
| Taker fee | 0% as of a December 2025 platform-wide change; verify this remains current, since fee policy can shift again | Verify current tier: Luno uses a volume-based maker/taker schedule, historically starting around 0.1% maker and 0.25% taker at the base tier |
Bitfinex pros
- Eliminated maker and taker fees across spot, margin, derivatives, and OTC trading platform-wide in December 2025, with no volume tiers or token-holding requirements
- Deep order-book liquidity and a mature peer-to-peer margin funding market that lets users lend idle assets directly to traders for yield
- One of the longest continuous operating histories in the industry, dating to 2012, and still functioning after surviving its own major hack
- A meaningful share of the bitcoin stolen in 2016 is now being returned to the exchange following a landmark US Department of Justice forfeiture case
Luno pros
- Genuine focus on markets (South Africa, Nigeria, Malaysia, Indonesia, and more) that most major exchanges support poorly or not at all
- Local payment rail support and market knowledge built from operating in these regions for over a decade
- Monthly proof-of-reserves reporting with an independent accounting firm and over 98% of funds in offline, multi-signature cold storage
- No major hack or customer-fund loss on record since founding in 2013
This table is generated from the same data behind our individual exchange reviews. See methodology for how it's put together. Fee figures marked "not yet verified" need confirming against live terms before this page is treated as launch-ready.