Trading fees, deposit and withdrawal charges, and the often-overlooked cost of spread. We break down how exchange fees normally work so you can read Luno's live pricing page with confidence.
The three categories of fees you'll actually pay
Every crypto exchange — Luno included — ultimately makes money from you in three places:
- Trading fees when you buy or sell crypto.
- Deposit and withdrawal fees when money moves in or out of the platform.
- Spread, the gap between the price you can buy at and the price you can sell at.
Once you understand the shape of each one, comparing exchanges becomes much easier — and the actual numbers you see on (verify current rates on luno.com) stop feeling so arbitrary.
Trading fees: "Instant" vs "Exchange"
Most regulated platforms, Luno included, offer two ways to buy:
- The simple "buy crypto instantly" flow. Easy, beginner-friendly, but usually charges a higher all-in fee that's bundled into the displayed price.
- The advanced exchange / pro view. You place limit or market orders against a live order book. The percentage fee per trade is much lower, but the interface is more intimidating.
The exact percentages change over time — always check the official Luno fees page for the current numbers (verify current rates on luno.com). As a rough mental model: instant-buy fees are typically several multiples of pro-exchange fees.
Deposit and withdrawal fees
In Malaysia, depositing MYR usually happens via FPX or instant transfer. Deposits are commonly free or very cheap; withdrawals back to your bank usually carry a small flat fee.
Crypto withdrawals are a different story — sending Bitcoin or Ethereum off the platform costs a network (miner) fee, and exchanges typically add a small markup on top. If you only ever buy and hold inside Luno, you won't pay these. If you plan to move coins to a hardware wallet, factor it in.
The cost most beginners miss: spread
Spread is the silent fee. If the displayed buy price is RM 200,000 and the displayed sell price is RM 198,500, that RM 1,500 gap is real money — even though it never appears as a line item.
Instant-buy products almost always have a wider spread baked in than the pro exchange order book. For one-off small purchases this is fine. For larger amounts or frequent buying, it adds up quickly.
Practical ways to reduce what you pay
- Use the Exchange / Pro view instead of the Instant Buy flow once you're comfortable.
- Place limit orders rather than market orders where possible — many exchanges charge "maker" fees lower than "taker" fees.
- Batch your purchases. Three RM 1,000 buys cost less in total fees than thirty RM 100 buys.
- If you're brand new, start with the RDH6BX promo code — the RM75 Bitcoin bonus effectively offsets early trading costs.
Sign up, buy RM250 of crypto, and your reward is credited automatically.
Claim RM75 NowFrequently Asked Questions
What is the cheapest way to buy Bitcoin on Luno in Malaysia?+
Generally, using the Exchange / Pro view with limit orders is significantly cheaper than the Instant Buy flow, because both the percentage fee and the spread are smaller. Always confirm current rates on Luno's official fees page.
Are MYR deposits to Luno free?+
MYR deposits via local payment rails like FPX are typically free or near-free in Malaysia. Withdrawals back to your bank account usually carry a small flat fee. Confirm the current numbers on luno.com.
What is a spread and why does it matter?+
The spread is the gap between the price you can buy crypto at and the price you can immediately sell it at. It's effectively a hidden cost on top of the visible trading fee. Spreads are typically wider on the simple Instant Buy product and tighter on the pro exchange order book.
Does the RDH6BX promo code reduce Luno's fees?+
No. The RDH6BX promo code gives new users RM75 in Bitcoin after they buy RM250 of crypto — it's a sign-up reward, not a fee discount. In practice though, that RM75 bonus more than covers the fees on most beginners' first few trades.
Are Luno's fees higher than competitors?+
For instant-buy beginner flows, Luno is roughly in line with other regulated exchanges — convenience tends to cost more everywhere. For active trading on the pro view, fees are competitive but not always the absolute lowest globally. For most Malaysians, the trade-off is local regulation and easy MYR on/off ramps versus chasing the last basis point on fees.
This is general information, not financial advice. Cryptocurrency investments carry risk. Always do your own research and consult a licensed Malaysian financial planner for advice on your specific situation.