Cubex vs Luno: The Ultimate Test for Beginners Trading in Nigeria

Cryptocurrency

November 9, 2025
By Gideon

Crypto trading in Nigeria has become more accessible than ever. What used to look complex or risky is now something anyone with a smartphone can do in minutes. And if you’ve started taking a look at the world of crypto you have probably heard or come across these two platforms.

At first glance, they may look similar because both let you sell, and withdraw crypto with ease. But when you take a closer look, you’ll see they approach things differently. Cubex focuses on fast Naira withdrawals and beginner-friendly crypto swaps, while Luno leans on its global reputation.

So which one is better for beginners trading in Nigeria? Well, that depends on what you’re looking for: speed, simplicity, or a more established ecosystem.

Key Takeaways

Cubex and Luno are apps Nigerians use to buy and sell crypto without stress.
Cubex makes it easy to get your money in Naira instantly
Luno is simple, safe, and easy to follow.
Both apps keep your money tight, but they work a bit differently.
If you’re just starting, try a little on both apps and stick with the one that feels easiest for you.

Platform Overview

Cubex and Luno are both crypto platforms where Nigerians trade however they do not work the same way when you use them. Cubex shines when it comes to speed and ease of use, deposit and withdrawal are converted to naira almost immediately and sent to the account also the app is clean and simple to use so you can easily sell, or move your Bitcoin without getting lost in the menus even if you’ve never used a crypto app before.

Luno on the other hand is a global platform that has been in existence for a while and it’s known to have a steady and organized app with a neat interface and its international reputation has helped it give users some sense of trust although some actions feel slower and it takes longer to get money in or out.

User Experience for Beginners

Cubex

Ease of account setup and verification:
Opening an account on Cubex is very fast. All you need to do is download the app, sign up, add your details, and in a few minutes, you’re ready to trade.
User interface and mobile app usability

Cubex app is really clean and so easy to use, once you sign up you literally see where everything is, from selling to withdrawal without getting stuck.

Educational resources and trading guides:
Cubex gives you short, and simple tips that help you navigate easily on the app. You get to learn everything while doing so you don’t feel lost or need to look for long guides elsewhere.

Luno

Ease of account setup and verification:
Creating an account on Luno takes a bit more time because it checks your details carefully before approving. It takes time, but it helps new users feel safer knowing their account is secure.
User interface and mobile app usability:
Luno’s app looks neat and well arranged.Although It’s not the fastest, but it’s easy to follow, especially for people who like to take their time and understand each step.
Educational resources and trading guides:
Luno has a full learning section with short videos and simple articles that explain how crypto works.

Trading Features and Options

Cubex

Coins you can trade:
Cubex sticks to the main coins most Nigerians know like Bitcoin, USDT, and Ethereum although they sell other crypto too but to make things easy you won’t find hundreds of random coins that confuse you or slow things down.
How trading works:
Selling on Cubex is really fast. All you need to do is follow a few easy steps, and your money will land in Naira almost immediately. There’s no long waiting time or worrying if your trade went through.
Extra trading tools:
Cubex keeps their features simple. You won’t see complex charts or strange tools that make things look hard. It just shows you what is important enough to buy, sell, and stay safe.

Luno

Coins you can trade:
Luno is a global app that supports different types of coins and this works well if you like to try different cryptocurrencies beyond the common ones.
How trading works:
Buying and selling go smoothly, but it usually takes a little longer to finish each trade. You’ll notice extra confirmation steps, which are meant to protect you, though they can feel slow if you like quick results.
Extra trading tools:
Luno offers things like price alerts and detailed charts, which help if you want to watch the prices closely or follow market changes.

Deposits and Withdrawals

Cubex

Funding your account:
Putting money into Cubex is fast. You can add funds directly from your bank, and it shows up in your account almost at once. You don’t have to wait for or experience a failed deposit message thing just works the way you want it.
Withdrawing to your bank:
This is where Cubex really shines. Once you sell your crypto, the money is sent to your bank account in naira almost immediately. It’s one of the main reasons many Nigerians prefer trading with them.
Transaction reliability:
Transfers rarely fail, and even if they do, you can easily reach their customer support to fix it quickly.

Luno

Funding your account:
Luno also allows deposits from Nigerian banks, but it sometimes takes a little longer for the money to reflect. You might need to wait some extra minutes than usual before it shows up.
Withdrawing to your bank:
Withdrawals work fine, though they’re not as fast as Cubex. You’ll usually get your money within a short time, but it’s not instant.
Transaction reliability:
The app is steady, and your funds are safe. However, the slower pace might feel uncomfortable for people who prefer quick cashouts.

Security and Trust

Cubex

Account safety:
Cubex keeps your account secure with a two-step verification (2FA), which means no one can log in without your permission. Even if someone gets your password, they’ll still need your phone to get in.
Transaction protection:
Every transaction goes through a short security check before it’s confirmed. This helps prevent mistakes or scams, especially when sending crypto.
User trust:
Although Cubex is newer compared to Luno, many Nigerians now trust it because of how fast it handles withdrawals and how transparent it feels. Their support team also responds fast and this alone has built confidence

Luno

Account safety:
Luno is known worldwide and has strict security rules. It also uses two-step verification and keeps most funds offline (cold storage) for extra safety.
Transaction protection:
Every buy, sell, or withdrawal passes through a careful system check, which sometimes makes it feel a bit slow but this helps keep your money safe.
User trust:
Because it has been around for many years and operates in several countries, people tend to trust it more. It feels stable and established especially for users who are still learning about crypto.

Frequently Asked Questions (FAQs)

Can beginners use Cubex and Luno without knowing much about crypto?
Yes, they can. Both apps are easy for anyone to use even if you’ve never traded before.

Which app pays out Naira fast?
Cubex does. Once you sell your crypto, your Naira gets sent to your bank immediately. Luno works too, but it takes a little more time.

Are there hidden charges on Cubex or Luno for Nigerians?
No, there aren’t any hidden charges. Both apps show you what you’ll pay before you start trading. Just make sure to check the rate before selling or buying crypto.

Conclusion

Cubex and Luno both make crypto trading more approachable for Nigerians. Each one brings something different to the table

If you’re just starting out, both platforms are worth trying. The process is simple, the learning curve is manageable, and you’ll quickly see which one feels more natural for you to use.