Is Kuna a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Kuna is a good crypto exchange to start trading with. In this article you will learn whether Kuna is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Kuna
Kuna is the brand name of a group of three companies registered in the UK, Lithuania and Canada. Kuna Exchange was created by a Ukrainian Mykhailo Chobanian in 2014. At the moment, over 500,000 crypto traders are using the services of the exchange. Kuna.io exchange has a daily trading volume of over USD 1.5 million and is ranked among the 30 Best IT startups by Forbes (Ukraine). The clients of the exchange have access to trading more than 20 cryptocurrencies (BTC, ETH, LTC and others), including pairs with fiat hryvnia and US dollars. Kuna offers its clients user-friendly mobile apps to buy/sell digital assets and also a web platform for spot trading with instruments for quality technical analysis.
| 💰 Account currency: | USD, UAH, cryptocurrencies |
| 🚀 Minimum deposit: | 3 USDT, 10 UAH, 0.0003 BTC, 0.003 ETH, 0.001 LTC, 0.001 BCH |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | 0%-0.25% for makers, 0.125%-0.25% for takers |
| 🔧 Instruments: | Cryptocurrency pairs, crypto+UAH and crypto+USD pairs |
| 💹 Margin Call / Stop Out: | No |
Kuna Pros and Cons
👍 Advantages of trading with Kuna:
•Loyal minimum deposit requirements;
•Average fees for spot trading even if you have small trading volume;
•Wide selection of payment systems, fiat money available for deposit and withdrawal;
•Several unique proprietary services for instant payments inside Kuna;
•Customizable web platform with over 80 technical indicators;
•Simple-to-use, but functional mobile app to quickly buy and withdraw cryptocurrencies;
•A possibility to earn additional income from trading of users who joined Kuna using a unique partner referral link.
👎 Disadvantages of Kuna:
•Leverage is not provided;
•The choice of available assets is not as wide as at other crypto exchanges;
•The exchange does not offer staking programs or other investment solutions for earning passive income.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Kuna Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Kuna offers traders the following conditions.
| 💻 Trading platform: | Kuna XO mobile apps (iOS, Android), web platform |
| 📊 Accounts: | Basic, PRO Maker, VIP Trader |
| 💰 Account currency: | USD, UAH, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard cards, AdvCash, Perfect Money GEO Pay, cryptocurrency, Kuna Code, My Kuna, Kuna Pay |
| 🚀 Minimum deposit: | 3 USDT, 10 UAH, 0.0003 BTC, 0.003 ETH, 0.001 LTC, 0.001 BCH |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Spread: | 0%-0.25% for makers, 0.125%-0.25% for takers |
| 🔧 Instruments: | Cryptocurrency pairs, crypto+UAH and crypto+USD pairs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market, Limit |
| ⭐ Trading features: | No investment programs, the fee can be reduced by buying Pro and VIP accounts |
| 🎁 Contests and bonuses: | No |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Kuna commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The fee on the Basic Account (free account) is 0.25% of the transaction amount for Maker and Taker. PRO Maker account with a monthly subscription fee of 10 KUN (≈ $54) allows makers to trade at zero fee, while takers will pay 0.25%. Buying the VIP plan reduces Taker fee to 0.125%.
The price of the monthly subscription to VIP Trader is 20 KUN (≈ $108). Deposit fees are as follows: Visa/Mastercard — 1.5% + 5 UAH, Perfect Money — 2%, GEO Pay — 1,5%, AdvCash — 0,5%, for cryptocurrencies — 0%. The withdrawal fees are: 1.5% to a card and GEO Pay, 2% to AdvCash, 1% to Perfect Money. The fees for cryptocurrency withdrawal are: 0.0005 BTC, 10 USDT, 0.006 ETH, 0.001 LTC, 0.001 BNB. Deposit and withdrawal through Kuna Code (to wallets of clients of the exchange) is not charged with a fee. The table shows average fees for a USD 1,000 transaction.
| Account type | Spread (minimum value) | Withdrawal commission |
| Basic | 2.5$ for Taker 2.5$ for Maker |
Charged for all payment methods, except for Kuna Code |
| PRO Maker | 2.5$ for Taker 0$ for Maker |
Charged for all payment methods, except for Kuna Code |
| VIP Trader | 1.25$ for Taker 0$ for Maker |
Charged for all payment methods, except for Kuna Code |
Investment programs of Kuna
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Kuna offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
Kuna is an exchange to buy and sell cryptocurrencies, not to earn passive income. Staking of digital assets and other investment solutions are not available here. You can earn additional income without actively trading only for trading of connected referrals.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Kuna Referral Program
The referral reward ranges within 25%-75% of the commission paid by referrals. The percentage depends on the weekly trading volume.
If the trading volume of a referral is less than $400, the partner does not receive a reward. For a trading volume of $400-$19,999, the exchange rewards 25% of the commission, $20,000-$99,999 – 35%, $100,000-$199,999 — 50%, $200,000-$399,999 — 55%, $400,000-$1,999,999 — 60%. Partners whose referrals trade over $2 million weekly receive the highest reward (75%).
Conclusion. Is Kuna good for beginners?
The Kuna cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Kuna could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.