Kuna Exchange ReviewCentralized
Based in Ukraine, Kuna is one of the very few exchanges located in the country. Kuna is aiming to innovate the cryptocurrency trading world through its new system of “5 click trading”, which allows you to purchase cryptocurrencies in 5 simple steps, without creating an account. It is presumed that this technique only takes 30 seconds, and only requires the user to have a cryptocurrency wallet. For the time being, this service is limited to the purchase of Bitcoin, Ethereum and Tether. However, this list should be expected to extend in the future.
Kuna offers a flat trading fee, meaning it does not differentiate between makers and takers when charging them. Their flat fee is 0.25%, which is just in line with the global industry average. Once a user deposits at least 100 KUN, the platforms own ERC-20 token, they can acquire a VIP status within the platform. Those who have VIP status do not pay maker fees, which is an attractive feature. Though this means that the exchange is definitely not at a disadvantage, it should be kept in mind that many of the competitive cryptocurrencies charge fees averaging around 0.20%-0.10%. The withdrawal fee on the exchange is around 0.0005 BTC, which is below the industry average. Combined with the trading fee, Kuna offers features that are slightly competitive in the industry.
Fiat-crypto trading is available on this platform, making Kuna an entry-level exchange. Users can deposit fiat currencies into their accounts via credit cards, however, bank transfers are not allowed. This is unusual, as most cryptocurrency exchanges usually do the exact opposite. In order to deposit money, the users must have a Ukrainian credit card which shows that the exchange is mainly focused on Ukrainian users. Fiat currencies of USD and RUB are also accepted through certain platforms such as Advanced Cash, Perfect Money or KUNA Code. KUNA Code is the exchange’s own deposit method. The exchange also supports a referral program, where it is claimed that users can “receive up to 75% commission on all of [their] referrals” as their website suggests.
Kuna’s website features a simple and modern design that is very easy to navigate. The website only offers three languages: Russian, Ukrainian, and English. There is, however, a “service video-presentation” on the website which takes new users through the process of using the platform. This renders it quite user-friendly. Kuna.io also supports a mobile app which can be downloaded on the App Store or Google Play, for those who prefer to trade on the go.
Comments by Kuna users so far have been positive, and there hasn’t been any significant issue concerning Kuna’s security system. Information about the team behind the exchange is clearly mentioned on the website, and videos of the founder, Michael Chobanyan, discussing the exchange are featured as well. The exchange is big on transparency, which is good for those who are looking for maximum transparency. The exchange supports customer service mainly through e-mail. Information about a call-center is not featured on the website which could deter certain users.
Kuna Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
Kuna Total Trading Pairs
Kuna Margin Trading
Kuna Deposit fees
Deposit fees vary
Kuna Fiat Deposit
Accepted Payment Method
Crypto to Crypto Only
Kuna Native token
Native token smart contract
Kuna Trading Markets
Kuna Stablecoins trading
Daily Withdrawal Limit
Kuna Withdraw fees
Withdrawal fees vary
Kuna Withdraw fees discount
Proof of Reserves
Kuna Exchange Rating Analysis
Last edit 07.08.2019
Kuna exchange is based in Kiyv, in Ukraine. Its founder and CEO, Michael Chobanian is a very blockchain entrepreneur. Kuna, although not very liquid, seems to be a reliable exchange – one we would be comfortable using.
Standard trading fees are 0.25%, but if you are a holder of their own coin, KUN token, you can buy the VIP account which gives discounted 0% maker and 0.125% taker fees.
Kuna also supports fiat deposits and withdrawals in USD, UAH and RUB, and their support team replied to our request within minutes.
The withdrawal process is secured by 2 factor authentication and an email approving the action. Also on Kuna’s website, you can find tips that help you to keep your funds safe. What’s holding Kuna back from receiving a much higher score is its low liquidity and not-so-competitive fees.
Kuna Exchange KYC and AML
Kuna AML policy
Kuna Exchange Additional Information
Kuna Establish date