What Is Luno and Is It Available in Tanzania?
Luno is one of Africa’s most established crypto exchanges, founded in 2013 and headquartered in London with a strong presence across sub-Saharan Africa. Yes — Luno fully supports Tanzania, accepts TZS deposits, and offers M-Pesa Tanzania withdrawals.
Tanzania’s Bank of Tanzania issued cautionary notices but has not banned crypto outright.
Crypto is not banned in Tanzania. The Bank of Tanzania (BOT) has not issued comprehensive crypto regulation, placing it in a legal grey zone. P2P trading via M-Pesa and Tigo Pesa is widely practised. Use regulated international exchanges and stay informed on any BOT policy updates.
In this review we compare Luno against global platforms like Bitget and Bybit so you can pick the best exchange for your needs.
Luno Fees for Tanzania Traders (2026)
Luno uses a maker-taker fee structure:
- Maker fee: 0% – 1% depending on volume
- Taker fee: 0.1% – 1% depending on volume
- Deposit/Withdrawal: Local TZS deposits via M-Pesa Tanzania are typically free; crypto withdrawals incur a network fee.
- Spread: Luno’s BTC/ZAR-equivalent spread can reach 1–2% on the Simple Buy interface — always use the Exchange tab to get tighter spreads.
💡 Cost comparison: Bitget’s taker fee is 0.1% and Bybit’s is 0.1% — both lower than Luno’s retail-tier taker fee. For active traders, Bitget or Bybit offer better pricing.
How to Deposit TZS into Luno from Tanzania
- Complete KYC verification with your NIDA card or passport.
- Go to Wallets → TZS Wallet → Deposit.
- Select M-Pesa Tanzania as your deposit method.
- Follow the on-screen instructions to transfer funds from your bank or mobile wallet.
- Deposits typically reflect within 1–24 hours depending on the payment rail.
Luno’s Strengths and Weaknesses for Tanzania Users
✅ Strengths
- Direct TZS support — no USD conversion needed
- Simple mobile app suitable for beginners
- Regulated in multiple African markets
- Luno Savings offering passive yield on BTC and ETH
❌ Weaknesses
- Limited coin selection (~10 assets vs 700+ on Bitget)
- No futures or derivatives trading
- Higher spreads on the Simple Buy interface
- Customer support can be slow during high-volume periods
If you need access to altcoins, P2P trading, or futures, Bitget and Bybit are better-suited alternatives.
Is Luno Safe and Regulated in Tanzania?
Luno holds regulatory licences in South Africa (FSCA), Nigeria (SEC), and several other African jurisdictions. The exchange uses cold storage for the majority of user funds and enforces two-factor authentication. It is backed by Galaxy Digital and has served over 10 million users since 2013.
That said, no exchange is risk-free. Always keep only trading funds on an exchange and withdraw larger holdings to a personal wallet.
Luno vs Bitget vs Bybit — Quick Comparison
| Feature | Luno | Bitget | Bybit |
|---|---|---|---|
| Coins available | ~10 | 700+ | 500+ |
| Taker fee | 0.1–1% | 0.1% | 0.1% |
| Tanzania fiat (TZS) | ✅ | via P2P | via P2P |
| Futures trading | ❌ | ✅ | ✅ |
| P2P marketplace | Limited | ✅ | ✅ |
| Copy trading | ❌ | ✅ | ✅ |
👉 Open a free Bitget account → | Open a free Bybit account →
Verdict: Should Tanzania Traders Use Luno in 2026?
Luno is an excellent entry-level exchange for first-time Tanzania crypto buyers who want a simple app and direct TZS deposits. However, intermediate and advanced traders will quickly outgrow Luno’s limited coin selection and lack of derivatives.
Our recommendation: start with Luno for simplicity, then expand to Bitget or Bybit once you are comfortable with crypto trading.
Last updated: May 2026
Frequently Asked Questions
Is it safe to use crypto exchanges in Africa?
Yes. Established exchanges like Bitget and Bybit are regulated, have multi-factor authentication, and serve tens of millions of users globally. Always enable two-factor authentication (2FA) and use a unique strong password.
Do I need a bank account to buy crypto in Africa?
No. P2P trading platforms on Bitget and Bybit let you buy crypto using mobile money (M-Pesa, MTN MoMo, Wave, OPay, Telebirr, etc.) with no bank account required.
What is the safest crypto for beginners in Africa?
USDT (Tether) is the recommended starting point. It is always worth exactly $1 USD, eliminating price volatility risk while you learn. You can also earn 5-8% APY on USDT through exchange earn products.
Are crypto profits taxable in Africa?
Tax treatment varies by country. In most African jurisdictions, converting crypto to local currency is a taxable event. Keep records of all transactions and consult a local tax professional for your specific country.
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