KUNA

What is Kuna？

Kuna, a cryptocurrency exchange headquartered in Ukraine, distinguishes itself as a pioneering player within the nation's emerging crypto landscape. Catering to users seeking efficient and user-friendly trading experiences, Kuna has garnered attention for its innovative “5 click trading” system, which empowers individuals to effortlessly purchase cryptocurrencies in just five intuitive steps, all without the necessity of registering an account.

While currently limited to Bitcoin, Ethereum, and Tether transactions, Kuna's selection of cryptocurrencies is poised to expand in the future. However, it is important to note that it is unregulated by any authorities.

Pros and Cons

Pros:

1. User-Friendly Mobile App: Kuna offers a user-friendly mobile app that provides convenient access to trading and managing your cryptocurrency assets on the go. This can be particularly advantageous for users who prefer to trade from their mobile devices.

2. Competitive Fees: The exchange provides competitive trading and withdrawal fees, with a flat trading fee of 0.25% and a relatively low BTC withdrawal fee of 0.0005 BTC. These competitive fees can attract traders looking to optimize their trading costs.

3. Fiat-Crypto Trading: Kuna supports fiat-crypto trading, enabling users to directly trade between traditional fiat currencies (like USD and RUB) and various cryptocurrencies. This feature simplifies the process of acquiring cryptocurrencies using regular currencies.

Cons:

1. Limited Supported Currencies: One drawback of the platform is its limited range of supported cryptocurrencies. This could restrict users' choices when it comes to trading a diverse selection of digital assets. Investors seeking a wider range of options might find this limitation unfavorable.

2. No Margin Trading or Lending Features: Kuna lacks margin trading and lending features. Margin trading allows users to trade with borrowed funds, potentially amplifying both profits and losses. The absence of these features might disappoint users looking for more advanced trading options.

3. Limited Payment Methods: The platform's support for only a limited number of payment methods, such as Ukrainian credit cards and specific online platforms, can be limiting for users who prefer using alternative methods for depositing and withdrawing funds. This might exclude potential users who don't have access to the accepted payment options.

Regulatory Authority

Kuna, currently operates without being regulated by any recognized financial authority. While offering cryptocurrency trading services, the platform lacks oversight from established regulatory bodies.

This lack of regulation might impact consumer protections typically associated with regulated exchanges. Caution and due diligence are advised when considering trading on Kuna.

Security

Kuna places a paramount emphasis on security measures to safeguard users' assets and information within its platform. Here are some of the key security measures implemented by Kuna:

Cold Storage: A significant portion of users' funds is stored in offline cold wallets, which are isolated from online threats such as hacking attempts or unauthorized access.

Two-Factor Authentication (2FA): Kuna offers users the option to enable two-factor authentication, adding an extra layer of security to their accounts. This typically involves entering a one-time code from a separate device during login.

Encryption: Kuna employs encryption protocols to protect sensitive data, including personal information and transaction details, from being intercepted and accessed by unauthorized parties.

Distributed Denial of Service (DDoS) Mitigation: To counter potential DDoS attacks that could disrupt the platform's services, Kuna employs mitigation strategies to ensure continuous and smooth operation.

Monitoring and Intrusion Detection: Kuna employs advanced monitoring tools and intrusion detection systems to promptly identify and respond to any suspicious activities or unauthorized access attempts.

Withdrawal Whitelists: Users can set withdrawal whitelists, which restrict fund withdrawals to pre-approved addresses, adding an extra layer of security against unauthorized withdrawals.

Cryptocurrencies Available

Kuna offers a diverse range of cryptocurrencies for trading, encompassing well-known options such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Stellar (XLM), EOS (EOS), and Tron (TRX). This selection provides users with a broad spectrum of choices when engaging in trading activities on the platform.

Mobile Support

If you are one of the people who prefers to do your crypto trading on your phone instead of on your desktop, youll be happy to learn that Kuna is also available as a mobile app. Regardless of whether you have an iPhone or Android, you can download the app and use the features of the trading platform on your phone.

Fees

Trading fees

This trading platform features a straightforward trading fee of 0.25%, without differentiation between takers and makers. This uniform fee structure might be appealing to traders who wish to execute trades using existing orders from the order book.

Notably, the industry-standard also hovers around 0.25%, placing this exchange in line with industry norms. Worth mentioning is that clients depositing a minimum of 100 KUN (an ERC-20 token introduced to fund the exchange's future development) are granted VIP status and are exempt from market maker fees.

Withdrawal fees

Kuna imposes a withdrawal fee of 0.0005 BTC for BTC withdrawals, which is significantly lower than the global industry average by nearly 40%.

The typical BTC withdrawal fee across the industry stands at around 0.000812 BTC per withdrawal. This makes Kuna's withdrawal fees competitive and favorable for users looking to minimize their withdrawal costs.

Deposit Methods

Kuna is a cryptocurrency exchange platform that offers fiat-crypto trading primarily targeting Ukrainian users. Unlike most exchanges that allow wire transfers, Kuna stands out by permitting deposits via Ukrainian credit cards (VISA or MasterCard). This requirement narrows its accessibility for global investors.

However, Kuna expanded its deposit options in April 2020, now accepting USD and RUB deposits through methods like Advanced Cash, Perfect Money, Payeer, and its own KUNA Code. This move diversified its user base beyond just credit card holders.

Additionally, Kuna runs a referral program promising users up to 75% commission on their referrals.

Exchange Comparison

Exchange
Fees	0.25%	0.2%	0% - 3.99%
Cryptos Available	30+	700+	200+
Website	Kuna.com	huobi.com	coinbase.com

FAQs

User Review

zbhazy from Australia: KUNA crypto exchange is great! I love how secure it is with features like two-factor authentication and cold storage solutions. The interface is user-friendly and easy to navigate, making trading a breeze. They have a good selection of cryptocurrencies available, so I can diversify my portfolio. Customer support is helpful and responsive, always addressing my concerns. However, I wish they provided more information on trading fees and deposit/withdrawal speeds.

Lily from Canada: I had a mixed experience with KUNA crypto exchange. On the positive side, the exchange is regulated, giving me peace of mind that my funds are safe. The interface is clean and intuitive, making it easy to place trades. However, I found the liquidity to be a bit low at times, which affected my ability to execute trades quickly. Customer support was satisfactory, but I would have appreciated more availability during certain hours. Lastly, the lack of transparency on trading fees and withdrawal speeds was disappointing.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.