Luno vs AltCoinTrader

The cryptocurrency industry which came to being around the year 2009 is growing and several people around the world are tapping into this promising industry. A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. There are actually multiple reasons why cryptocurrency has become so relevant and chief among them is the fact that there aren’t associated with world governments, this means that they have the potential to remain stable even when there is turmoil in a specific country. There is quite a huge number of cryptocurrency exchanges or brokers around the world, and this is of course a positive development. Cryptocurrency exchanges offer a lot in terms of convenience, but choosing the right one can make a big difference in terms of fees, crypto currencies, deposit options and ease of registration. This article is a comparison between two popular crypto exchanges in Luno vs AltCoinTrader and this will obviously help you to make a decision on which one satisfies your trading requirements between the two crypto exchanges.

What is Luno?

Luno is a seasoned international cryptocurrency exchange and payment service company which has been in existence for 9 years now having been founded in the year 2013. With Luno, you know that you are trading with a crypto exchange that has a wealth of experience because the company operates in over 40 countries including United Kingdom, Australia, South Africa amongst other countries. The main reason why Luno was created was to empower billions of people across the world by upgrading them to a more open, efficient, and inclusive financial system. Luno is just a platform where people use to buy and sell their cryptocurrencies, so in a way the company connects buyers to sellers. Luno offers a wide range of cryptocurrencies including Bitcoin, Ethereum, USDC, XRP, Litecoin amongst others. Luno offers a platform which is very easy to send, receive and spend your crypto and fiat, but if you are struggling to trade, there is a Learning Portal and blog and this serves the purpose of providing education for beginner bitcoin trader. 

What is AltCoinTrader?

AltCoinTrader is South African online cryptocurrency exchange which is very popular in South Africa because it offers a product whose specific focus is the domestic marketplace. Unlike other crypto exchanges which require you to first exchange ZAR for USD in order for you to invest in cryptocurrencies, AltCoinTrader actually allows you to buy and sell cryptocurrency in ZAR and this is a convenient way of trading. AltCoinTrader supports quite a huge number of leading cryptocurrencies such as Bitcoin and Ethereum amongst other cryptos. AltCoinTrader supports several payment types such as local bank transfers, credit card deposits via Zapper, and instant EFT (OZOW). The good thing about AltCoinTrader is that the platform has low trading fees at 0.1% regardless of the client’s trading volume.

What fees are charged on the Luno and AltCoinTrader platforms?

One ways by which Crypto exchanges make their money is through the fees they charge you, which is fair because they are offering you a service. Crypto exchanges typically charge various fees for deposits, trades or withdrawals and these fees range from 0% to 5% per trade depending on your payment method and the type of transaction. The problem however is that there are some exchanges which charge exhorbitant fees which might making trading less profitable.

The AltCoinTrader taker fee is 0.10% whilst the Luno taker fee is between 0.03% and 0.10%, Luno has a better taker fee although there are instances when the taker fee of both exchanges is equal at 0.10%.

The AltCoinTrader maker fee is 0.10% AND the Luno maker fee is also 0%, in this instance, Luno is a better option because it doesn’t charge a maker fee.

AltCoinTrader Deposit fees are as follows; ZAR – 0.5% Maximum of R95.00 and OZOW South African Rand – 1.4% and for Luno, ZAR (Cash Deposit) – R 20.00 + 5.00%, ZAR (EFT) – Free and ZAR (Instant EFT) – 1.40%.

AltCoinTrader Withdrawal fees are ZAR – R16 + 0.5% Maximum of R95.00 and for Luno the ZAR (EFT) withdrawal fee is free.

Generally, Luno is a better option than AltCoinTrader when it comes the fees. 

How many cryptocurrencies does Luno and AltCoinTrader offer?

Bitcoin is the cryptocurrency that started this industry but several other cryptocurrencies such as Etherium have been introduced, and now there is as many as 10,000 different coins to choose from. It is important to have a crypto exchange which offers as many digital assets as possible so that you have variety.

AltCoinTrader offers about 30 cryptocurrencies on its platform but the good thing is that some of the most popular ones are being offered as well. Below is a list of the coins on the platform;

Bitcoin Ethereum Ripple

Neo Gas Cardano

Tether Bitcoin Cash Namecoin

Bitcoin Gold Litecoin Dash

ZCash Stellar Lumen TRON

Monero Dogecoin Bitcoin Satoshi Vision

BitTorrent Krugerrand Silver

Compound DAI Basic Attention Token

Chainlink Polkadot Binance Coin

Shiba Inu Polygon Solana

Luno offers a total of 8 cryptocurrencies on its platform, although they offer Bitcoin and Ethereum which are arguably the most popular coins, Luno has to try and offer more coins so that traders have options when trading. Below is a list of the coins on the platform:




Bitcoin Cash 




USD Coin

In this instance, AltCoinTrader is the clear winner because it offers its clients with several digital assets as compared to Luno, in fact, AltCoinTrader offers about 4 times more what Luno is offering.

What are the deposit methods for both Luno and AltCoinTrader?

Buying cryptocurrency with Luno is easy. Depending on your region, you will first need to make a deposit using a bank transfer, EFT or any other method available to you. Once your deposit has reflected in your local currency wallet, you can proceed to buy cryptocurrency with those funds. On the other hand, AltCoinTrader offers a couple of payment methods and the payment methods are the ones familiar to the traders, Supported payment methods on the platform are local bank deposits and Instant EFT (OZOW). You will notice that when it comes to deposit methods, both offer quite convenient ways to deposit.

How easy is it to register on either the Luno and AltCoinTrader platform?

Both Luno and AltCoinTrader have a simplified registration process and below are the steps to take when registering on both platforms;

How to register with Luno?

In order for you to use the services of Luno, you must sign up for an account on their website and this is a simple exercise. To Sign Up, you must;

Visit their official website at

Click on the blue ‘Sign Up’ button.

Fill in the provided registration form with your Email address and Password. 

Confirm your humanity and click on the ‘Sign Up’ button.


You can also Sign Up using an existing Google, Apple or Facebook account.

You will have to go through a KYC verification before you can use the trading platform to the full extent.

How to register with AltCoinTrader?

It is important to register for an AltCoinTrader account becaus ethat is the only way for you to be able to make use of this platform, in order for you to register, you must;

Visit the official website at

Click on the ‘Register’ link on the main menu.

You will be provided with a registration form, fill it in with your;




Check the available box to accept the ‘Terms and Conditions’

Click on the ‘Register’ button.

You will recieve a verification email from AltCoinTrader which you will then use to verify your account.