Review on Luno by Jeff Jeffe
Best Fiat Deposit Choice in South Africa
A perfect starting point when depositing fiat in South Africa, with some exchanges charging 3% deposit fees, then adding extra international fees, Luno is the most cost effective method to convert fiat into crypto.
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If you primary plan to invest in BTC, BCH, ETH, LTC or XRP then this is the only exchange you'll need. If you plan to invest in altcoins on other exchanges, XRP and LTC can be deposited into them for very low transaction fees.
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The mobile app and website are extremely user friendly, while offering more advanced options for those who want them.
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In summary this is the perfect place for depositing and withdrawing fiat in South Africa. BTC and ETH are available for investing, while LTC and XRP are perfect for jumping between exchanges.
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Pros
- 0% Deposit Fee for EFT
- 1.4% Deposit Fee for Instant EFT
- 0% Withdrawal Fee
- Up To 7.6% APY Savings Wallet
- Intuitive Interface
Cons
- Limited Cryptocurrencies
- No Credit Card Support
