Prestmit vs Luno: Which Platform Is Better in Nigeria 2026?

Millions of users today increasingly rely on digital asset marketplaces for more than crypto trading alone. They want gift card trading, airtime-to-cash conversion, bill payments, and eSIM services all in one place.

Prestmit caters to this wider need, while Luno remains largely focused on cryptocurrency trading. This comparison breaks down what Prestmit and Luno actually cover so you can see where each platform fits. 

Prestmit vs Luno: Side-by-Side Comparison

Which Is Right for You?

If You Want to Buy Gift Cards – Choose Prestmit

Prestmit makes it easy to buy gift cards with your local currency or crypto, giving you access to international products and services. You can pay in Naira, Cedis, USD, and crypto while enjoying excellent pricing. 

Once the app verifies your payment, you’ll receive your gift card by email almost instantly. Luno doesn’t support gift card purchases at all. That means you’ll need to use another service whenever you want to buy a gift card. 

If You Want to Sell Gift Cards – Choose Prestmit

Gift cards aren’t only for shopping. Many people receive gift cards they don’t need. Instead of letting those cards remain unused, you can convert gift cards into cash quickly on Prestmit. The app supports hundreds of gift card brands and provides an automated rate calculator so you know exactly what your gift card is worth before you trade. 

You can receive your payout to your wallet, or enable Auto Withdrawal, which sends eligible payouts directly to your local bank account. By contrast, Luno is a cryptocurrency exchange and doesn’t support selling gift cards at all. 

If You Want to Sell Cryptocurrency – Prestmit Has the Edge

You can sell your cryptocurrency for cash on Prestmit as the transaction is straightforward. Pick your asset, check the rate for your expected payout, and confirm the trade. Prestmit supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, USDT, and Litecoin, at competitive rates, with funds sent to you in Naira, Cedis, and USD. Once your crypto is converted to cash, you can pay bills, buy gift cards, or activate an eSIM, all from the same platform.

Luno remains a solid choice for buying and staking cryptocurrency. However, if you’re looking for a platform that lets you sell crypto and other digital assets, Prestmit offers the more complete experience.

If You Want to Manage Multiple Digital Assets in Ghana, Choose Prestmit

Luno is not available in Ghana. Prestmit is. If you are visiting or reside in Ghana, you can buy and sell gift cards, convert crypto, purchase airtime, pay bills, and receive payouts in Cedis through Prestmit. Luno doesn’t support the Ghanaian market at all, making this an easy decision for anyone based there.

If You Want to Avoid High Withdrawal Fees – Choose Prestmit

Luno charges a 2% withdrawal fee, capped at ₦2,000, whenever you withdraw Naira to your Nigerian bank account through Flutterwave. 

Prestmit offers a relatively lower fee for Naira withdrawals and free Mobile Money withdrawals, making it significantly more affordable, especially as your transaction value increases. Over time, the lower fees can result in meaningful savings for frequent traders.

If You Want to Convert Surplus Airtime to Cash or Buy Data – Choose Prestmit

Airtime, mobile data, and bill payments are part of everyday life. You need them to make calls, browse social media, stream movies on Netflix or YouTube, attend virtual meetings, work remotely, and so much more.

Prestmit lets you buy discounted airtime, convert surplus airtime back into cash, and purchase mobile data with no extra charges. Luno doesn’t offer airtime or mobile data services. You’ll need separate apps whenever you want to top up your phone, pay a bill, or convert excess airtime into cash.

If You Need an eSIM for Travel – Choose Prestmit

Luno has no eSIM feature. Prestmit supports eSIM activation for international travel and doesn’t require a sign-up to purchase one. If you want to enjoy your trip and handle data connectivity with no stress, Prestmit covers it while Luno doesn’t.

If You Want to Start a Gift Card Business – Choose Prestmit

Prestmit doesn’t just let you buy and sell gift cards; it also gives you the infrastructure to build a gift card business through its Gift Card API. 

You can integrate the API into your website or app so customers can buy and sell thousands of gift card brands using the payment methods supported by Prestmit. Luno, however, does not offer gift card services, so it doesn’t provide any comparable business tools.

Customer Support: What Happens When Something Goes Wrong

Support runs around the clock across live chat, phone, and email, so help is never far off. You can also find answers to common questions in Prestmit’s Help Center and blog, which cover gift cards, airtime, bill payments, and other platform services.

Ready to manage your gift cards, cryptocurrency, airtime, bill payments, eSIMs, and flexible payouts from one platform? 

GET STARTED WITH PRESTMIT NOW

Download Prestmit on the Google Play Store 

Download Prestmit on the App Store

Where Prestmit Has the Edge

Over one million users across Nigeria and Ghana have made Prestmit their go-to platform for managing digital assets, and the reasons go well beyond gift card trading. Prestmit supports 10,000+ gift card brands, eight major cryptocurrencies, and covers everyday digital spending that most Nigerians need sorted every month.

Bill payments are one of the clearest examples. Electricity, cable TV, internet subscriptions, and airtime top-ups are not available on Luno. On Prestmit, you can sell a gift card and use the payout to pay your DSTV or electricity bill without switching platforms. That convenience extends to everyday trading. You can buy and sell gift cards, convert USDT or Bitcoin to Naira, and purchase discounted airtime all from one account. 

When you withdraw to your bank, Prestmit charges a relatively lower fee per Naira withdrawal. However, every withdrawal on Luno via Flutterwave costs 2%, capped at ₦2,000. Withdraw ₦100,000, and Luno charges ₦2,000, whereas Prestmit’s flat fee stays significantly lower regardless of the amount. 

For traders who move money regularly, that difference adds up to significant savings over time. Luno is a credible crypto exchange with solid infrastructure and institutional backing. But its scope stops at cryptocurrency, and Prestmit extends beyond.

Last updated on August 4, 2026