Luno Indonesia: OJK-licensed now, so why is the EU news so confusing?

Luno Indonesia is a crypto app with a full OJK licence since 25 May 2026, taking rupiah deposits by instant bank transfer from Rp10,000. What makes people hesitate is news that Luno is closing customer accounts: that news concerns Europe, not Indonesia. What we could not pin down are trading and withdrawal fees, because Luno's official fee page for Indonesia was not readable to us and third-party figures contradict each other. So this review explains the licence status plainly, works out fee sensitivity with illustrative numbers and tells you how to check for yourself. If you are comparing, see also Pluang, Reku and Pintu, or start from how to buy crypto in Indonesia.

{{callout type="verify" title="Checked against sources"}} Licence status comes from press reports quoting OJK's announcement (we could not open the OJK page from our research environment). Deposit details come from Luno's help centre as shown in snippets. Trading fees, withdrawal fees, the coin list, KYC limits, user numbers and app ratings were not confirmed from official sources, so we do not state them as fact. {{/callout}}

Is Luno closing? Separate the EU news from Indonesia's status

In mid-2026 Luno announced it was ending service for customers in Europe. According to CryptoTicker, crypto transfers to external wallets were disabled on 29 June 2026, the last day to sell and withdraw funds to a bank was 31 August 2026, and accounts closed permanently from 1 September 2026. The same outlet notes that Luno does not appear in ESMA's register of authorised crypto-asset service providers, while the EU's MiCA transition period ended on 1 July 2026. Luno itself did not cite regulation; it said it is concentrating on core markets in Africa and South East Asia, naming Kenya, Nigeria, South Africa, Indonesia and Malaysia.

Three things must not be mixed up. One, the closure applies only to customers in regions served by the European entity. Two, the OJK licence belongs to a separate local entity, PT Luno Indonesia Ltd, under its own decree; it does not depend on any European register. Three, do not draw conclusions about the safety of funds in Indonesia from European news, or the reverse. All you can conclude is that Indonesia is named as a market to keep, which is a company statement and not a guarantee.

From Bappebti to a full licence: the timeline

Luno Indonesia was previously registered with Bappebti, then appeared on OJK's list of 19 December 2025 as a candidate trader (CPAKD) alongside three other names, and became a fully licensed digital financial asset trader (PAKD) under decree KEP-17/D.07/2026 effective 25 May 2026, according to Investortrust, which quoted OJK on 5 June 2026. The number of PAKD then stood at 26. The CPAKD versus PAKD distinction matters: a candidate is registered but not yet fully licensed.

Since we could not open OJK's page directly, match Luno's name and official domain against the OJK list using the steps in our crypto scams guide. The legal framework is explained in is crypto legal in Indonesia. Do not use lookalike domains: an app that only resembles the name is not licensed.

Rupiah deposits: instant bank transfer, not cards

According to Luno's help centre, the main route is instant bank transfer by ATM, internet banking or mobile banking, with no deposit fee from Luno, a minimum of Rp10,000 and a maximum of Rp999,995,599 per deposit. Your sending bank may charge its own interbank fee, so check your bank's tariff. One third-party source says GoPay deposits cost 2%; we did not confirm it. If it is right, Rp1,000,000 by GoPay costs Rp20,000 against nothing by bank transfer, so choose bank transfer. Comparisons across apps are in our GoPay, OVO, DANA guide.

Credit cards are not among the methods we saw, and funds must come from an account in your own name; the reasons are in the credit card and PayPal guide. For cash deposits, see buy crypto with cash.

Fees: why there is no rate table here

We tried to read Luno's "Fees and limits in Indonesia" page and got a block or an empty page. What remains are third-party figures that contradict each other. One review gives 0.17% maker and 0.27% taker plus a hidden spread on instant buys; another search summary gives 0% maker and 0.03% to 0.1% taker by volume, a spread of 0.15% to 0.45%, and a Rp15,000 withdrawal fee. Two versions that do not match mean we must not pick one. The certain part is the tax rule: 0.21% income tax on sales and no VAT on the asset, under PMK 50/2025 and our crypto tax guide.

What we can do is show how much the difference matters. The table below is an illustration: the cost per side (trading fee plus spread) is entirely our assumption, not Luno's rate, for a Rp1,000,000 cycle of buy then sell, plus 0.21% tax (Rp2,100), before any withdrawal fee.

Assumed cost per side	Buy + sell	Plus sales tax	Approx. total
0.3%	Rp6,000	Rp2,100	Rp8,100 (0.81%)
0.6%	Rp12,000	Rp2,100	Rp14,100 (1.41%)
1.0%	Rp20,000	Rp2,100	Rp22,100 (2.21%)

The range is almost threefold, and that is where the danger lies. To check: before buying, note Bitcoin's buy and sell price on Luno at the same minute and compare them with the market price on Indodax; the percentage gap plus the trading fee shown on the confirmation screen is your cost per side. Do it with a small amount, say Rp50,000, before committing a larger sum.

Withdrawals: the number you must read on screen

The withdrawal fee is the one number small enough to decide everything, and we cannot confirm it. If the Rp15,000 from the search summary is right, withdrawing Rp500,000 costs 3% and withdrawing Rp5,000,000 only 0.3%; compare Rp4,500 at Pintu and a flat Rp6,500 at Reku. We do not know the minimum, maximum or processing time either. Before you keep money at Luno, open the withdrawal menu and read the details; if the fee is flat, plan infrequent but larger withdrawals. The general cash-out routine is in our guide to selling crypto for rupiah. Fees for sending coins to an outside wallet are reported as dynamic and carrying 11% VAT by one third-party source, with no official confirmation; for wallets, read the best crypto wallets in Indonesia.

Coins, verification and other things we have not read

The coin list is described as limited to majors, 15+ coins according to a third party; we have no official list. On verification, we did not read Luno's KYC page. Licensed platforms in Indonesia generally ask for an e-KTP and a selfie, but Luno's exact steps, daily limits and review times are unknown to us. We also publish no user count or app rating because no official source was readable. If these matter to you, the easiest route is to try registering before depositing.

A Rp50,000 trial: how to test Luno before putting in real money

Because the fees are unconfirmed, we suggest a small trial that answers every open question above in one afternoon. The result is more reliable than any figure in a review, this one included.