Compare
LN Luno VS WX WazirX
Both exchanges offer Spot. The differences below come from our individual reviews of Luno and WazirX.
| Luno | WazirX | |
|---|---|---|
| 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. | Built for Indian retail users with direct INR deposit and withdrawal rails; not available to US persons. Full operations, including INR trading, resumed in October 2025 after the hack-related restructuring, though a share of user claims remain settled only in non-tradable Recovery Tokens as of 2026. |
| Products | Spot | Spot, Margin, INR-settled perpetual futures, P2P |
| 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: WazirX's standard schedule runs 0.2% maker and 0.2% taker on spot, moving with WRX holdings and 30-day volume, or a flat monthly WazirX ZERO subscription for unlimited trades; its INR futures product runs a separate schedule around 0.02% maker |
| 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: same pattern as the maker fee; WazirX futures taker fees run around 0.04%, and both the spot schedule and subscription pricing have changed more than once recently |
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
WazirX pros
- India's largest exchange by registered users, with by far the deepest INR order-book liquidity and direct rupee on and off-ramps
- Resumed full service, including INR deposits and withdrawals, after a Singapore court approved its restructuring plan with over 95% creditor support
- Wide asset selection, close to 300 tokens, plus a zero-commission P2P market
- A flat-fee subscription option, WazirX ZERO, that removes per-trade costs entirely for active traders
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.