KUNA

KUNA Review

What is KUNA?

Originating from Ukraine as a pioneering one-man over-the-counter (OTC) project in 2014, KUNA has evolved over the last decade into the oldest and continuously operating crypto business from Eastern Europe. 

KUNA is a leading crypto banking platform encompassing KUNA Pay, http://KUNA.io, and KUNA Core. Our comprehensive range of modern B2B, B2C, B2G, and B2B2C products and services is designed to cater to the intricate requirements of both businesses and individual consumers. 

Now, with a solid foundation of 600,000 users in our home market, we are extending our premier services across Europe and Switzerland, marking a new chapter in our expansion.

A Brief Overview Of KUNA

Launched by fintech innovator Michael Chobanyan in 2015, KUNA's offering marked Ukraine's entry into the public cryptocurrency exchange arena. The platform facilitates the exchange of fiat currency for cryptocurrencies and vice versa. It not only trades its own token, KUN, but also supports a wide array of major cryptocurrencies, allowing for trading through a dedicated mobile app.

http://KUNA.io is currently undergoing transformation and branching out into new European and EEA markets, driving improvements in user interface and functionality to better accommodate EU users. We are committed to offering a more regulated suite of investment products, including purchase, storage, sale, and transfer services under a VASP license in Lithuania.

US-investors

US-investors may not trade on this exchange. So if you are a US-investor and want to trade at KUNA, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.

5 Click Trading

On 18 June 2019, KUNA announced that they were launching a new service. From that day, you are able to purchase cryptocurrencies without even registering an account. All you require is a cryptocurrency wallet. The process is allegedly very simple and will only take 30 seconds – 5 clicks! The cryptos you can purchase with this service are however limited to three: Bitcoin, Ethereum and Tether. But the list will surely grow in the future.

Mobile Support

If you are one of the people who prefers to do your crypto trading on your phone instead of on your desktop, you’ll 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.

KUNA Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at KUNA:

KUNA Fees

KUNA Trading fees

This trading venue offers a flat trading fee of 0.25%. It does accordingly not distinguish between takers and makers. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.

The industry average is arguably 0.25%, so this exchange is exactly on point with the industry average here. It should also be noted here that clients of KUNA that deposit at least 100 KUN (an ERC-20 token, launched for financing the further development of the exchange), acquire a VIP status and pay no market maker fees.

KUNA Withdrawal fees

KUNA charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is below the global industry average with almost 40% (seeing as the global industry average BTC-withdrawal fee is 0.000812 BTC per BTC-withdrawal). Accordingly, the withdrawal fees are competitive.

Deposit Methods

Most exchanges permit deposits via wire transfer but not via credit card. At this exchange, the situation is the opposite. The exchange permits deposits via credit card but not via wire transfer. However, as mentioned above, you need to have a Ukrainian card (VISA or MasterCard). This limits the availability of the exchange for many investors across the globe.

On 9 April 2020 however, the exchange announced that they now also accept deposits of the fiat currency USD. USD can be transferred through the use of any of the following deposit methods: Advanced Cash, Perfect Money, Payeer or KUNA Code (the latter being KUNA's own deposit method). On 17 April 2020, the exchange announced that the same deposit methods were available also for the Russian fiat currency RUB.