Luno Malaysia review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Luno Malaysia is a straightforward, licensed crypto exchange for Malaysian savers who want a small, familiar coin list rather than depth. It lists 49 coins, takes bank deposits and is custodial, which keeps the app simple but limits choice and puts your balance in the platform's hands.
Key facts
- Best for
- A licence-backed, phone-first exchange for buying a short list of major coins in Malaysia.
- Coins listed
- 49↗
- Regulators
- Securities Commission Malaysia↗
- Fiat deposit methods
- Bank↗
- Proof of reserves
- Yes↗
- Exchange type
- Cex↗
- Legal entity
- Luno Malaysia Sdn. Bhd.↗
- Headquarters
- Malaysia↗
- Founded
- 2013↗
- Support channels
- Chat, Help-centre↗
- Features
- Staking
- Official website
- luno.com
Crypto wallets
Facts checked September 26, 2026, 7 sources
Pros and cons
Pros
- Regulated by Securities Commission Malaysia, so it is a permitted domestic venue rather than an offshore site.
- Fiat deposits run by bank transfer, so you can fund the account from a Malaysian bank account.
- Publishes proof of reserves, so you can see what sits against customer balances.
- staking lets supported coins work for a return instead of sitting idle on the account.
Cons
- 49 coins is a short list: eToro lists at least from 150 coins and bunq at least from 350.
- Support runs on chat and help centre only, so there is no phone line for urgent account problems.
- Custody is custodial, so you hold no keys of your own and rely on the platform staying solvent.
Who it suits
- Malaysian buyers who want a licence-backed exchange and a short, easy coin list.
- People who would rather the platform held their coins, since custody here is custodial.
- Savers who check proof of reserves before adding funds.
Who should look elsewhere
- Anyone after a long tail of altcoins: bunq lists at least from 350 coins, well beyond Luno's 49.
- Buyers who weigh breadth above a local licence: eToro lists at least from 150 coins, so coin count alone points elsewhere.
- People who want to hold their own keys, since a self-custody wallet suits them better than Luno's custodial custody.
Deposit protection
Luno Malaysia is licensed by Securities Commission Malaysia, so customers in Malaysia deal with a permitted domestic exchange rather than an offshore site. The exchange also publishes proof of reserves, letting you see how much sits against customer balances. Neither point protects the price of what you hold, and the licence covers the exchange rather than the coins.
How Luno Malaysia compares
8.9 vs 9.5
8.9 vs 9.3
8.9 vs 9.4
8.9 vs 9.4
8.9 vs 8.5
8.9 vs 9.4
8.9 vs 8.7
8.9 vs 9.2eToro lists at least from 150 coins, a much longer list than the 49 on Luno Malaysia.
8.9 vs 9.4
8.9 vs 8.7
8.9 vs 9.3
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.2
8.9 vs 9.0
8.9 vs 8.6
8.9 vs 8.3
8.9 vs 9.4
8.9 vs 9.4
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.1
8.9 vs 9.1
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 8.9
8.9 vs 8.5
8.9 vs 8.4- 8.9 vs 8.0
Where Luno Malaysia is available
- Available
- Malaysia
- Licence in Malaysia
- Securities Commission Malaysia, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How many coins can I buy on Luno?+
You can buy and sell 49 coins on Luno Malaysia, a short list by exchange standards. The median across the exchanges compared here is 74.5, and eToro lists at least from 150. Luno covers a familiar core of coins rather than long-tail names.
Who regulates Luno in Malaysia?+
Luno Malaysia Sdn. Bhd. is licensed by Securities Commission Malaysia, and the company sits in Malaysia. That means you deal with a permitted domestic venue rather than an offshore site, and the local entity answers to a named regulator.
How do I put money in?+
You deposit by bank transfer, and bank transfer is the only funding route listed for the account. That suits anyone who already pays in from a Malaysian bank account. Allow time for the transfer to clear before you trade, and keep the reference for support.
Is my money safe with Luno?+
Luno holds your coins itself: custody is custodial, so the platform holds the keys and you rely on its security. It publishes proof of reserves, which shows what is held against customer balances, and it is licensed by Securities Commission Malaysia. Neither of those replaces holding your own keys.
Is Luno an exchange or a wallet?+
Both, in one app. Luno Malaysia is a cex, so the platform holds balances and matches buyers with sellers, and you reach it through a mobile wallet. A mobile set-up is easy to carry but keeps custody with the platform rather than with you.
How do I get help if something goes wrong?+
Support runs on chat and help centre, so you get live chat and a help centre rather than a phone line. Chat suits quick questions about transfers and orders, while the help centre carries the detail. Keep your transaction reference handy for anything about a specific payment.
What are the real risks of trading crypto on Luno?+
Price risk comes first. Across the exchanges compared here, the median share of retail accounts that lose money is 70.15%. On top of that, a 49 coin list narrows your choices, and custodial custody means the platform holds the keys rather than you.
Sources
- coingecko.com/en/exchanges/luno checked September 26, 2026
Backs: Coins listed, Founded, Coins supported
“id=luno; coins=49; pairs=105”
- guide.luno.com/hc/en-gb/search checked September 26, 2026
Backs: Fiat deposit methods
“How do I make a deposit using instant transfer with FPX in Malaysia?”
- luno.com checked September 26, 2026
Backs: Features, Proof of reserves, Support channels
“Earn crypto rewards with safe and secure staking”
- luno.com/en-my checked September 26, 2026
Backs: Wallet type
“Your Luno app makes investing in crypto straightforward, with a clear and intuitive app experience”
- luno.com/en-my/legal/licenses checked September 26, 2026
Backs: Headquarters
“Luno Malaysia Sdn. Bhd. (Registration No. 201501011592 (1136927-A)) is licensed as a Recognized Market Operator (Digital Asset Exchange) by the Securities Commission Malaysia”
- luno.com/en-my/legal/terms-of-use checked September 26, 2026
Backs: Custody
“Luno securely stores all Supported Cryptocurrency private keys ("Private Keys") associated with any Luno Account. You accept and agree that Luno shall retain control of the Private Keys associated...”
- luno.com/legal/licenses checked September 26, 2026
Backs: Exchange type, Legal entity, Regulators, Licences
“Luno Malaysia Sdn. Bhd. (Registration No. 201501011592 (1136927-A)) is licensed as a Recognized Market Operator (Digital Asset Exchange) by the Securities Commission Malaysia”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Taker fee.
Luno Malaysia
A licence-backed, phone-first exchange for buying a short list of major coins in Malaysia.