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Kuna Review - is it scam or safe?

Kuna Review - is kuna.io scam or a good cryptocurrency exchange?

RATING: 2 / 1 REVIEWS ForexBrokerz Kuna
Kuna is not regulated. We cannot guarantee your money is safe.

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Trading Accounts & Conditions

 

Account type Leverage Min. Deposit Trading Fee Deposit fees (fiat)
Standard N/A 0.001 BTC/100 UAH 0.25%* 1% + 5 UAH**

 

*VIP-status holders pay only market taker fee.

**PrivatBank cards are charged with 0.5% additionally.

 

Kuna is a Soutrh Eastern entry-level crypto-exchange that focuses on trading digital assets against Ukrainian Hryvnia (UAH). This is currently the only fiat currency supported at this exchange, although it plans to add more in the future. Coin-to-coin trading is also enabled.

 

Clients of the Kuna who deposit at least 100 KUN (an ERC-20 token, launched to finance the further development of the exchange), acquire a VIP status and pay no market maker fees.

 

Like most exchanges, it uses Two-factor Authentication (2FA) for security reasons and does not offer trading on margin.

 

 

Kuna Advantages

 

Fiat accepted (UAH)

As we have mentioned in the beginning, Kuna supports payments in the local Ukrainian currency, UAH. Being able to buy Bitcoin directly with cash and cash out your coins is an obvious advantage, especially to local crypto traders.

 

Credit card payments accepted

Hryvnia payments at Kuna exchange are allowed via credit cards, one of most popular (and instant) payment methods.

 

Decent amount of altcoins available

By the time of writing this, Kuna exchange offers 17 pairs for trade, which is quite decent. You can trade in Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Revain, Waves, Kun, Everus, Octanos and others.

 

Currently, the most most apopular pairs on Kuna are BTC/UAH and ETH/UAH.

 

Competitive trading fees

Kuna charges Standard account holders with a flat fee of 2.5% per trade, which is on the upper ened of average. By comparison, BTC Trade UA, another Ukrainian exchange, charges 0.1% per trade.

 

 

Kuna Disadvantages

 

Mainly suitable for locals

Kuna does not accept fiat currency other than Ukrainian Hryvnia (UAH) and most of the information on its website is available only in Russian. We also suppose that it accepts solely cards issued by Ukrainian banks. So, Kuna is basically a Ukrainian exchange targeting local crypto investors.

 

No margin trading

Kuna does not provide margin trading, which is not unusual in the crypto world. In case you wish to trade Bitcoin more aggressively with some leverage, trading with a forex broker, like IG , might be a nice alternative.

 

>>Bitcoin Margin trading<<

 

We would like to make two clarifications here. First of all, brokers offers crypto-trading in the form of Contracts For Difference (CFDs). Second, leverage is a powerful tool that can multiply your profits, as well as losses, so be careful.

 

Trading platform too simple

The web-based platform offered by Kuna is really simple: it only has some basic charting, and an order book. There isn’t even a Trading History window or a Chatbox, let alone more professional tools like advanced charting, technical analysis indicators, etc. Here is a snapshot:

 

 

Minimum deposit and withdrawal set

These are not a serious disadvantage, but still represent some sort of limitations. The minimum deposit at Kuna exchange is 0.001 BTC or 0.005 ETH and the minimum withdrawal in UAH is temporarily set at 14500 (currently more than $530).

 

Deposit and withdrawal fees

As is usually the case with crypto exchanges, deposits in Bitcoin and altcoins are free of charge. Withdrawal fees, on the other hand, are not to be underestimated: 0.001 BTC, 0.005 ETH and 1% UAH.

 

 

Conclusion

 

Kuna is a Kiev-based entry-level exchange that offers trading against UAH and BTC. It has left us with nixed feelings. On the one hand, its supports fiat currency, credit card payments, and has a clear fee structure with rather competitive trading fees. On the other, this exchange does not accept US dollars, Euro or JPY, but only Ukrainian Hryvnia and is basically suitable solely for local investors. Besides, Kuna’s trading platform lacks any advanced features and some rather restrictive minimum deposit and withdrawal requirements apply.

 

Allegedly, this exchange plans to launch its services throughout the Commonwealth of Independent States (CIS), plus Turkey, and to add deposits and withdrawals in the local currencies of Russia, Belarus, Kazakhstan, Azerbaijan, Georgia, Armenia and Turkey.

As a second step, Kuna plans support payments in USD and Euro in the future.

 

We remind you once again that you can also trade in Bitcoin and other digital assets with a forex broker. Many of them are licensed and monitored by the respective financial watchdogs, which means that such an investment is much more secure.

 


>>Trusted Bitcoin forex brokers<<

 

 

To sum up the above:

 

Pros

Cons

Fiat accepted (UAH)

Suitable only for locals

Credit cards supported

No margin trading

Competitive trading fees

Min. withdrawal & deposit amounts set

Decent number of altcoins

Trading platform too basic

 

Deposit and ithdrawal fees

 

 

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Traders` reviews for Kuna

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