Compare
LN Luno VS MX MEXC
Both exchanges offer Spot. The differences below come from our individual reviews of Luno and MEXC.
| Luno | MEXC | |
|---|---|---|
| Founded | 2013 | 2018 |
| Regions | 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. | Not available to US, Canadian, or Chinese mainland residents; also restricted in Singapore, Hong Kong, and several other jurisdictions. Widely available elsewhere with no strict KYC requirement for basic-tier access, though withdrawal limits are much lower without verification. |
| Products | Spot | Spot, Margin, Perpetual futures, Leveraged ETFs |
| Maker fee | 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 | Verify current tier: MEXC runs frequent zero-fee and discounted-fee promotions on top of a volume-based schedule, so posted rates change often |
| Taker fee | 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 | Verify current tier: MEXC runs frequent zero-fee and discounted-fee promotions on top of a volume-based schedule, so posted rates change often |
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
MEXC pros
- One of the widest new-token listing pipelines in the industry, frequently listing coins before Binance, Coinbase, or Kraken get to them
- Low headline trading costs, with spot maker fees at or near zero and periodic platform-wide fee promotions
- No mandatory KYC for basic-tier trading, which lowers the barrier to entry for users who don't want to submit ID up front
- Monthly Hacken-audited proof-of-reserves reports and a stated nine-figure insurance fund
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.