Exchange Kuna (Kuna): review, reviews, instructions for trading cryptocurrency

Kuna – a cryptocurrency exchange aimed mainly at residents of Eastern Europe and specifically Russian-speaking users. The crypto exchange allows you to buy and sell cryptocurrency for fiat. Verification is not required to conduct trading operations on the platform. You can make transactions using the web interface on the website or mobile application. As of December 17, 2021, the Kuna exchange supports 20 cryptocurrencies, the trading volume is $1,533,266, and the number of active traders is 15,000+.

Official website: kuna.io.

Be sure to check out: list of similar fiat exchanges.
Main features of the Kuna crypto exchange:

To transfer funds from one exchange account to another (without commission), you can use Kuna Code.
There is a mobile application, Telegram bot.
You can buy cryptocurrency using a bank card without registration.
It is possible to purchase a premium account with more favorable trading conditions.
The internal KUN token allows you to reduce commissions and buy a PRO account.
The referral program gives up to 70–75% of the exchange’s income from user referrals.
There is a road map.
Complies with GDPR (European regulation that concerns the protection of user data).
Technical support responds within 30 seconds via Telegram and Messenger.

The editors of Profinvestment.com have studied the pros and cons of the Kuna project and offer readers a detailed overview of all its functions.

general information

Name	Kuna
Official site	kuna.io
Russian language	Yes
Year of foundation	2016
Country of registration	Great Britain
Company	Kuna Fintech Limited
Registration number	11834168
Founder	Mike Chobanyan
CEO	Semen Kaploushenko
Offices	Kyiv, London
Type	Centralized
Types of trade	Spot
Exchange token	KUN
Trading commission	0,25 %
Deposit commission	From 0 to 3.5% depending on the replenishment method
Commission for withdrawal	From 0 to 3% depending on the withdrawal method
Working with fiat	Yes
Verification	Need not
Safety	2FA, storing funds in cold wallets
Supported cryptocurrencies and tokens	BTC, ETH, XRP, ZEC, BCH, USDT, LTC, XEM, DASH, WAVES, XLM, REM, EOS, GBG, GOL, KRB, HKN, DREAM, TUSD, BNB, PTI, CYBER, GOLOS, DAI, USDC, PTI
Number of cryptocurrencies	26
Number of fiat currencies	3 (RUB, USD, UAH)
Replenishment methods	Payeer, Perfect Money, VISA, Mastercard, ADVcash, Kuna Code, GEO Pay, cryptocurrency
Margin trading	No
Futures	No
Warrants	Market, limit
Charts	Tradingview
Mobile app	Yes
Telegram bot	Yes
Contacts	[email protected] , https://www.facebook.com/kunaexchange, t.me/kunasupport_bot

Configuring Security Settings

After registering, the Kuna io website will offer you to configure your account security using several options.

Security settings window on KUNA
// Source: kuna.io
The team of the Ukrainian exchange KUNA does not offer users anything exclusively new, but a minimum set of functions is present in the section, which is good news.

To increase the level of protection of personal data, users are encouraged to enable two-factor authentication, as well as enable notifications about order execution. In addition, you can view the browsing history of your account using the “Inputs” submenu. This menu also allows you to change your login password.

Registration

You can create an account immediately from the main page of the Kuna exchange by entering your email and password.

You will also need to agree to the terms of the user agreement, confirm your age and choose whether to receive newsletters from the project or not.

Then click “Create an account”. Solve the captcha.

You will receive an email with a confirmation code; you need to copy it and paste it into the required field.

Click “Finish”, then “Login” and enter the selected registration data. You will need to solve the captcha again before logging in.

Crypto platform services

Kuna brings together all the most popular services on the crypto market:

Allows you to purchase digital currencies for fiat (hryvnia, dollars, rubles).
Provides the opportunity to quickly and easily “cash out” Bitcoin, Ether, etc.
Helps exchange one cryptocoin for another.
Offers clients to issue/redeem so-called Kuna codes for cashing out.

According to Kuna reviews, most competing exchanges have fewer services available.

Personal account overview

If you click on the name of your account on the Kuna crypto exchange, the functions for managing it will open.

Among them:

Bargaining. Trading terminal with charts and functionality for creating orders.
Assets. Personal wallet, here you can top up your account or withdraw funds from the exchange, view the history of replenishments.
Kuna Code. Working with Kuna codes is described in detail in the corresponding section.
Referral. Information about attracted referrals - their number, activity, income generated. Answers to frequently asked questions.
Trading history. All operations for buying and selling cryptocurrency.
Order history. Information about created and completed trading orders.
API. Creation of API keys for bots and access to the mobile application. The tokens created can be for trading only, for withdrawal, or for both.
Settings. Includes security and notification settings: email confirmation, two-factor authentication, password change, email notifications about withdrawals and trading operations.

Convenience and safety

To secure clients' cryptocurrency, Kuna uses cold storage. This is an offline wallet, maximally protected from unauthorized actions. At the same time, a small amount is still in circulation online to ensure the operational functioning of the crypto exchange.

For increased account security, the site has introduced a two-factor authentication system. Verification of the identity of a crypto investor takes place either through an electronic mailbox or through the authenticator programs Google Authenticator and Authy.

With two-factor authentication enabled, the customer will be required to enter a special code each time they log into their account. Although such a system provides some inconvenience, it makes it much more difficult for hackers to hack a user's account.

The platform’s interface is simple, pleasant and will be understandable even to a person who has seen the crypto exchange for the first time. The site’s website is adapted for mobile devices, so it will be convenient to trade from a smartphone.

The service has been translated into 4 languages: Russian, Ukrainian, English and Chinese. Therefore, there should be no problems with translation.

Premium account

On the Kuna exchange it is possible to purchase a PRO account, which provides a number of advantages - a personal technical support operator, reduced trading commissions, private access to new functions of the platform.

A premium account is purchased exclusively with KUN tokens. To buy it, you need to top up your account with the required number of tokens and contact support.

Description

Based in Ukraine, Kuna is one of the few exchanges located in the country.
Kuna is committed to innovation in the world of cryptocurrency trading. The exchange offers a fixed commission for trading, meaning it does not differentiate between makers and takers.

The platform also has its own cryptocurrency – KUN (ERC-20 token). Once a user deposits at least 100 KUN, he can receive VIP status on the platform. Those who have VIP status do not pay any commission to the maker.

Kuna.io is a subsidiary, which in turn is registered and operates in accordance with the laws of England and Wales, no.

Registered address in London: "7 Bell Yard, WC2A 2JR". You can send all official documentation and mail to this address.

Founders

The founders of the project are publicly available. Here is what is written about the exchange developers on the official website:

“We employ the best specialists from all over the world. And at the helm there are only active and energetic guys with extensive work experience.”

Mikhail Chobanyan is the founder of the Kuna exchange. 15 years of management experience in the Internet services market. He has been studying blockchain professionally since 2011.
Semyon Kaploushenko - General Director. One of the first employees of Kuna Exchange. Together with Mikhail he has been developing the project since 2015.

License

The Kuna Exchange is officially registered and represented by , which in turn is registered in accordance with the laws of England and Wales, number .

Refill

A deposit on the Kuna exchange is made through the “Assets” section of your personal account. You need to click the “Top up” button for the fiat currency or cryptocurrency of interest.

Further actions depend on the selected asset. For example, if you need to top up your account with rubles, the page will move down and a form for topping up from a card will open. But before the operation, you will have to verify the plastic by sending support a photo of it against the background of this screen.

You can choose another replenishment method from those offered. You should also carefully read the information on the right; it indicates the specifics of payment using the chosen method.

If a cryptocurrency is selected, for example Bitcoin, a “Generate Address” button will appear at the bottom of the page. After clicking it, the following picture opens:

It is enough to send the required amount of crypto to the specified address or use the Kuna code. As in the previous case, it is important to remember to read the information on the right side of the page.

What is Kuna famous for reviews

Most crypto traders come to the platform because:

Kuna has been on the market for quite some time and has never been subject to successful hacker attacks;
users can remain anonymous, verification is optional;
26 digital coins and 3 fiat currencies are stably supported;
the platform cooperates with banks and many payment systems, international and national - Visa and MasterCard, Payeer, Perfect Money, etc.;
Quite low rates are available to customers.

From reviews of Kuna it follows that the only drawback of the exchange is the risky storage of deposits online. But perhaps the shortcoming will be eliminated in the near future. Reviews about Kuna can be found on Reddit and Medium blogs, as well as on specialized resources like Solarcoin

Trading on the Kuna exchange

After registering and replenishing your account, you can begin cryptocurrency trading. You need to go to the “Trades” page to see the list of open orders and the trading schedule. Below is a form for creating orders.

There are two types of them on the Kuna exchange:

Market (market). Quick sale at the best market price. This price is selected by the system by analyzing all current offers from the order book.
Limit. Involves entering a specific price. The purchase/sale will be completed only when a market participant appears with a counter offer.

For example, to buy BTC, you need to enter the amount in the “Quantity” field, and the desired price in the “Price” field (for a limit order). The system will calculate the amount of funds spent. After checking the entered data, you must click the blue “Buy BTC” button. Then the order will appear just above the order creation line. You can continue to create orders if necessary, their number is not limited.

If a price is set that none of the market participants agrees to, then it may not be possible to wait for the order to be executed. In this case, you should close it and create a more real one. If you need a purchase urgently, then it is wiser to use the “Market” order and purchase Bitcoins at the best price.

To sell BTC, you need to enter the same data in the same form, only then click the red “Sell BTC” button. When selecting a limit order, the offer will wait for a suitable counterparty, and when selecting a market order, it will be executed instantly.

Support

The crypto exchange support service works around the clock. To contact it, you need to click on “Technical Support” or “Knowledge Base” on the main page.

Go to “New support request” , indicate the name, subject and describe the problem that has arisen.

The support team responds quite quickly. She speaks Russian, Ukrainian and English.

It is worth noting that the crypto platform has a detailed FAQ where you can find answers to most common questions. There is also a forum where users share their experiences, make suggestions for improving the operation of the exchange, and also communicate on various topics.

Withdrawal of funds

To withdraw funds from the Kuna exchange, you need to go to the “Assets” section and click the “Withdraw” button for the desired currency.

If a cryptocurrency is selected, the following window will appear. You need to click “Add wallet”.

Enter its address and name.

Funds arrive within a few minutes or (in case of delays not related to the exchange) up to 3 days.

If a fiat currency is selected, the withdrawal methods available for it and fields for entering details and amounts open.

Funds from the Kuna cryptocurrency exchange usually arrive instantly, but the maximum withdrawal period is 3 days.

How to withdraw funds from your Kuna exchange account

As for withdrawing funds, the same services are available for fiat currencies as for replenishing your balance. Using the hryvnia as an example, you can withdraw assets to a bank card, use Kuna Code, GEO or KIBI.

To withdraw rubles from a Kuna exchange trading account, the following options are available: AdvCash, Visa/Mastercard, Qiwi bank cards or using Kuna Code. Withdrawal takes on average up to 10 minutes. Sometimes it can be delayed up to 24 hours.

Applications for withdrawal of hryvnia to a bank card can be processed up to 30-60 minutes (as a rule, 97% of withdrawal payments are processed instantly). Withdrawals to some banks may take up to 72 hours. Sometimes a withdrawal for one application occurs in several transactions. Minimum amount for withdrawal: 100 UAH. Commission: 1.5%

You can withdraw cryptocurrency to your wallet or through Kuna Code. Withdrawing any coin takes approximately 10 minutes. In rare cases, withdrawal may be delayed up to 24 hours (in case of technical problems, etc.). Each cryptocurrency has its own minimum withdrawal amount and commission. Thus, the minimum amount for BTC withdrawal is 0.001 BTC, and the commission is 0.0005 BTC.

Commissions and limits

Trading commission: 0.25%.
Commissions and limits when working with fiat:
Commissions and limits when working with cryptocurrency:

Kuna Code

Kuna code is a tool that allows you to instantly and without commissions transfer assets between Kuna exchange accounts. Can be freely used to transfer assets over the counter, including through exchangers.

Kuna Code is personalized, that is, it is created for a specific designated user. No one else can use it, even if it falls into his hands. When creating a code, you can specify a time period during which even the owner himself will not be able to cancel the payment. After it expires, this opportunity opens, you can activate the code yourself.

The code consists of 45 characters, so it is almost impossible to find it.

It is very easy to create a Kuna code through your personal account. You need to go to the “Create” tab, enter the amount and specify the transfer currency. Add a recipient and, if necessary, a message. Click “Generate code” and send the resulting combination to the recipient.

Additional income

The platform has a reward program for found vulnerabilities.

Any researcher has the opportunity to inform Kuna about a vulnerability found, providing sufficient time to fix it.

Here is an approximate reward for detecting vulnerabilities:

Remote Code Execution – $5,000.
Significant manipulation of account balance – $2,500.
XSS/CSRF/Clickjacking affecting sensitive actions – $2,500.
Theft of privileged information – $1,500.

Naturally, one must adhere to certain ethics, that is, make the necessary efforts to avoid causing any damage to the exchange and its clients.

Telegram bot and its functionality

Through the Kuna telegram bot https://t.me/kunacodebot you can sell and buy Kuna Code. All orders are linked to existing exchange accounts, so when an order is created, funds are frozen in the user's account. Controversial situations are resolved by administrators. All actions are carried out only within the bot, without the need to directly contact unfamiliar users.

The bot supports payments from Russian (Sberbank, Alfa Bank, Tinkoff) and Ukrainian banks (Privat, Monobank).

What is the metaverse?

To better understand what metaverse tokens are, you need to delve deeper into the analysis of this concept itself. The idea of a metaverse was first introduced in one of the works of cyberpunk. And this was back in 1992. The author described this virtual world as a full-fledged space where the rules were set by the participants themselves.

This idea intrigued Mark Zuckerberg so much that he called metaverses a new round of Internet evolution. And just recently he even announced that his company would rebrand in this regard, changing the name Facebook to META. And people who have created an online avatar for themselves will now be able to do whatever they want - buy land, build houses, attend concerts, go shopping, play, etc.

Mobile app

The Kuna cryptocurrency exchange has official mobile applications for iOS and Android:

https://apps.apple.com/app/id1457062155
https://play.google.com/store/apps/details?id=kuna.beta

Reviews are both positive and negative, but the ratings indicate that most users like the application (4.6 on the Play Market; 4.5 on the App Store, however, in the second there are only two votes).

You can log into the application using an API key. Instructions:

Download the application to your mobile device.
Generate an API key in your Kuna account settings, in the “API” menu. To do this, click the “Create a new token” button, enter a name and give permission to what can be done using this key. For a mobile application, it is recommended to check all the boxes (deposit, withdraw funds, view).
If 2FA is enabled, then enter the code. Click "Confirm".
Scan the generated QR code with the Kuna app.
Create a PIN code to access the application.

Verification

Fortunately, even after registration, the exchange does not require identity verification and there are no restrictions.

There is no verification itself; there is no section on verification either in the menu or in the settings. But the documentation about the AML/KYC policy says:

“KUNA.IO's identity verification procedure requires the User to provide KUNA.IO with appropriate, authentic source documents, data or information. For such purposes, KUNA.IO reserves the right to collect the User’s personal data for the purposes of the Policy.”

But in fact, the exchange does not require anything.

Referral program

The Kuna Exchange referral program allows you to receive up to 75% commission from all your referrals. The exact percentage depends on the trading volume of the invited people. For ordinary users, profits are distributed as follows:

Therefore, the referrer’s task is to try to maximize the referral trading volume. To do this, you can train them and give valuable advice.

What you need to know about the affiliate program:

Trading volume is calculated for each currency pair and then summed up.
Referral payments arrive every Tuesday at 00:00 (UTC).
The number of referrals is not limited.
Only an account registered later than you can become a referral.
The exchange does not ban you for creating referrals to yourself, although this makes little sense.
All affiliate accruals are displayed in the history, and at any time you can see the approximate amount that will be accrued on the coming Tuesday.
You cannot make an existing account your referral.

Where to buy metaverse tokens

Like regular cryptocurrencies, the assets in question are traded on popular crypto exchanges. Therefore, it will not be difficult to find metaverse tokens on Binance. To detect them:

open the terminal;
click the arrow to access assets;
select the “Metaverse” market;
in the list that appears, move the slider to find the pair you are interested in.

Plus, metaverse gaming tokens can be purchased on popular DEXs: Uniswap, Pancake, Sushi, 1inch.

KUN token

The KUN token was released on the WAVES blockchain platform. Currently there are about 300,000 KUN on sale, and the price is $2.8 (as of 02/04/2020). A total of 1,000,000 KUN were issued.

How you can use the KUN token:

Payment for a PRO account on the Kuna exchange.
Listing of new coins, which in this case will be much cheaper than the standard cost.
Reduced commissions for trading and withdrawal of funds (only in plans).

The main advantages of the Kuna cryptocurrency exchange

A high-quality, modern and reliable exchange that is suitable for both beginners and experienced traders.
The Kuna Exchange website is available in several languages for the convenience of users (in Ukrainian, Russian and English).
The Kuna exchange is primarily in demand in the Ukrainian market (it is convenient to replenish and withdraw funds in hryvnia directly to bank cards of Ukrainian banks), but from 2022 to 2022 the exchange plans to enter the markets of Turkey, Armenia, Russia, Belarus, Georgia and Kazakhstan.
The owner of the exchange, Mikhail Chobanyan, is a public figure who actively promotes cryptocurrencies in the market of Eastern Europe (Ukraine, Russia, etc.). One of his projects, the well-known Golos platform, is a social network on the blockchain.
Accounts on the exchange in foreign currency and cryptocurrency are 100% secured.
Many ways to replenish your account and withdraw funds, both in cryptocurrency and fiat money (hryvnia, dollar, ruble).
There is no mandatory account verification on the Kuna exchange.
One of the best support among cryptocurrency exchanges (according to user reviews), while support on the Kuna exchange works around the clock in Russian, Ukrainian and English.
The internal token KUN (KUN) is available for purchase on the exchange, for which you can buy a PRO account, use it for listing a new cryptocurrency on the exchange (at a discount), and in the near future the exchange token will allow you to receive a discount on the trading commission on the exchange.
For ease of use, there are convenient mobile applications that can be downloaded from the official website of the Kuna exchange for phones on the iOS (App Store) and Android (Google Play) operating systems.
For experienced traders, the exchange has PRO accounts, by purchasing which you can significantly save on trading on the exchange.
The trading page uses charts and tools from the Trading View platform.
For additional earnings, each user of the Kuna exchange can take part in the affiliate program (referral program), which was launched in March 2022 and allows you to earn up to 75% of the trading commission of referrals attracted to the exchange.

Advantages of Premium accounts (PRO accounts)

By purchasing a premium account on the Kuna exchange, you can get a number of advantages and conveniences when working with the exchange:

Reduced trading commission (depending on the type of PRO account: PRO Maker or VIP Trader, the commission will be 0% for makers and 0.125% - 0.25% for takers, example in the screenshot above).
Personal communication channel with support, priority service.
Access to closed testing of new functions on the exchange opens.

Note: on the official website of the Kuna Exchange there is a recommendation that it is better to buy a PRO account for those exchange users whose daily trading turnover exceeds $800. To purchase a Premium account, you need to buy the amount of internal KUN tokens corresponding to the cost of the account and write to the exchange support.

Advantages and disadvantages

pros

Convenient Russian-language interface, including help and technical support.
No verification required.
Fiat gateway.
Competitive commission for fiat deposits and withdrawals.
Support for a large number of cryptocurrencies and tokens, including rare ones.
Reputable creators with famous names in the blockchain space.
The ability to quickly purchase cryptocurrency from a bank card; this does not even require registration.
Availability of a telegram bot and mobile application.

Minuses

There are still a small number of fiat currencies.
Low trading volumes.
For experienced traders - not too much analytical functionality.
The trading commission is higher than similar offers on the market.
High commissions for depositing and withdrawing cryptocurrencies.
High minimum amount for depositing and withdrawing cryptocurrencies.
Kuna exchange codes are rarely found in online exchangers.
There are fewer trading pairs with dollars and rubles than with hryvnia.

History of creation of Kuna.io

In March 2013, Ukrainian entrepreneur and crypto expert Mikhail Chobanyan, along with the KUNA Bitcoin Agency company, which is behind the development of various blockchain solutions, decided to create the Kuna.io crypto exchange, which will allow buying and selling cryptocurrency for the Ukrainian hryvnia. The development lasted about a year, and in May 2016 a partnership agreement was signed with the National Bank of Ukraine (NBU).

At the end of 2022, the Kuna.io team launched an SCO, during which 10% of KUN tokens were sold. After that, Kuna.io went international, was able to build a global infrastructure and gather a fairly large community.

In December 2022, Chobanyan created the Blockchain Association of Ukraine (BBU).

At the time of writing, the trading volume on Kuna.io is almost $350,000, which is a fairly good indicator, considering the target only for Russian and Ukrainian users.

Advantages of Kuna.io:

Simple and intuitive interface;
Support for Ukrainian bank cards;
Excellent technical support service;
Possibility of adding ICO tokens for a small fee;

Disadvantages of Kuna.io:

Lack of support for the Russian ruble and the American dollar;
A simple terminal that does not allow technical analysis of cryptocurrency;