What is Kuna?
Kuna, established in 2016, is a prominent Ukrainian cryptocurrency exchange. This platform has been actively facilitating cryptocurrency trading for several years.
Access for US Investors
Unfortunately, Kuna does not permit trading for US investors. Those from the United States seeking to trade cryptocurrency will need to explore alternative exchanges as Kuna is not available to them.
Trading Fees
Kuna operates on a straightforward fee structure, charging a flat trading fee of 0.25%. This fee applies uniformly to both takers and makers. Notably, clients depositing a minimum of 100 KUN (an ERC-20 token developed for the exchange's ongoing development) receive VIP status, exempting them from market maker fees.
Withdrawal Fees
Withdrawal fees on Kuna are competitive, with a 0.0005 BTC charge for BTC withdrawals. This fee is significantly below the global industry average, making Kuna an attractive choice for those mindful of withdrawal costs.
Deposit Methods
Kuna distinguishes itself by allowing deposits via credit card, a feature uncommon among many exchanges. However, it's essential to note that only Ukrainian-issued VISA or MasterCard credit cards are accepted. As of April 9, 2020, Kuna expanded its deposit options to include USD, which can be deposited using methods such as Advanced Cash, Perfect Money, Payeer, or KUNA Code. Additionally, on April 17, 2020, Kuna extended these deposit methods to support the Russian fiat currency RUB.
Conclusion
While Kuna offers a convenient platform for cryptocurrency trading, especially for users with Ukrainian credit cards, the restriction on US investors and the limited deposit options may impact its global accessibility. Understanding its fee structure and deposit methods is crucial for those considering Kuna as their preferred cryptocurrency exchange.
What are the trading fees on Kuna?
Kuna operates on a straightforward fee structure, charging a flat trading fee of 0.25%. This fee applies uniformly to both takers and makers. Notably, clients depositing a minimum of 100 KUN (an ERC-20 token developed for the exchange's ongoing development) receive VIP status, exempting them from market maker fees.
Does Kuna offer leverage trading?
Kuna does not currently offer margin trading or leverage options.
Is Kuna safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
