A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Kuna consists of four parts: general information, fees, deposit methods and security.
Kuna is a Ukrainian cryptocurrency exchange. There are a handful of other exchanges from the Ukraine. If we would mention one (and only one), it would presumably be BTC Trade UA that has been up and running for quite some time.
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.
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 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.
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 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, the exchange announced that the same deposit methods were available also for the Russian fiat currency RUB.
Kuna’s security score is B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above average when it comes to top crypto exchanges. Impressive indeed.
There are only a few exchanges that – like the above exchange – receive Mozilla Observatory-scores of B or higher. The following list includes a few other such exchanges with very impressive security scores: