The Ukrainian-based cryptocurrency exchange platform was founded by Mikhail Chobanian and has been active since 2016, it is also listed as one the few exchanges located in Ukraine, the exchange aims to innovate the digital currency world into a new system with “5 clicks” to make a straight purchase of cryptos to your wallet, with just 5 simple steps, a duration of 30 seconds, and there is no need to create an account.
There is also an offering of a flat trading fee to both makers and takers in the exchange. There is the availability of fiat-crypto trading in Kuna, it is an entry-level exchange and the user can deposit fiat currencies to their account via credit cards, though bank transfer is not allowed. The Kina website features a simple, hassle-free modern design, making navigation easy. The website also makes provision for three languages which include Russian, Ukrainian, and English. The website off to new users a ‘service video presentation’ on how to use the website. This makes the exchange website features user-friendly. There has been no security bridge on the exchange and feedback from users is positive. The platform also offers 24/7 online and live support to its users.
Create an account
To create an account, all that is required is your email address and password, or if you are using google or apple, you can create an account immediately, the process is simple and easy to run.
Trading fees
The trading site offers its user a flat trading fee of 0.25%, there is no accorded different fee between takers and makers. Investors find the fees attractive especially those that prefer to pick up orders that already exist from the order book.
The exchange is on point with the industry average which is also 0.25%, Clients of Kuna that deposit up to 100 KUN (an ERC-20 token launched for financing the further development of the exchange) are elevated to VIP status which gives them leverage to pay no market maker fees.
Kuna withdrawal fees
The charge for withdrawal by Kuna is 0.0005 BTC for those withdrawing BTC, this is below the global industry’s average of almost 40%. The withdrawal fees are accordingly competitive.
The withdrawal process includes securing a 2-factor authentication and an email that approves the action. The website also gives tips to help you keep your funds safe.
Method of deposit
The exchange permits deposits with a credit card but not wire transfer, the user needs to have a Ukrainian card (Visa or Mastercard) to make any deposit. This makes the exchange availability to other users of the world limited.
Though there has been a new development in the exchange in 2020, announcing that they accept fiat currency such as USD and Russian RUB. Though it is deposited by transfer through the following methods: Advanced Cash, Perfect Money, Payeer, or Kuna Code.
Click Trading
Kuna offers the service of click trading; this means you would be able to purchase cryptocurrencies on the platform without registering an account. All that is required is a wallet for the cryptocurrency. The process to do the click trading is simple and takes up to 30 seconds – 5 clicks. You then purchase the digital currency you want though limited to t: Bitcoincoin, Ethereum, and Tether.
Mobile support
The exchange offers mobile support for users that want to trade with their phones, this is by downloading the mobile app for Kuna via your iPhone or Android, enabling you to use the app to access all the features of the trading platform on your phone.
