Kuna.io is a cryptocurrency exchange based in Ukraine, accepting the fiat currency Ukrainian Hryvnia (UAH). UAH is the only fiat currency accepted, and Kuna is one of the only places that the Ukrainian Hryvnia can be spent directly on cryptocurrency. Kuna also allows crypto to crypto trades with several trading pairs involving some of the world’s most popular cryptocurrencies.
Kuna exchange claims to appeal to many Eastern European states, but we can’t see much of a reason to use the platform if you’re not from Ukraine. There are simply too many other ways to invest in Bitcoin and other cryptocurrencies which are available to Europeans (including Ukrainians). Kuna has an attractive platform, but very low trading volume for all trading pairs.
None of this means that Kuna.io is a bad exchange – simply that its value is limited and its user base niche. We’ll cover its best features and most costly liabilities in the Kuna review to come, as well as offering up a strong alternative to Kuna (eToro) which will offer more value to the vast majority of European cryptocurrency investors.
Final Thoughts on Kuna Exchange
Despite that handful of selling points, Kuna exchange is nonetheless not of much use to most traders. Even if you’re a user of Ukrainian fiat currency, the very low trading volume might mean you’ll have to wait hours or days to complete a trade in one of several trading pairs.
A great example is the Bitcoin/Bitcoin Cash (BTC/BCH) trading pair. One of the most used trading pairs on exchanges worldwide, this pair saw only $27 of value transacted on Kuna within the past 24 hours. Most other coin pairs supported on the platform have less than $10,000 in volume each day – enough to sustain a market, but not nearly enough to attract interest or secure the best prices.
Kuna is an attractive exchange that’s easy to use, but it’s major limitations make it an exchange we can’t recommend for any other purpose than buying crypto with UAH. There are simply too many other strong exchanges in operation today, many of which offer incredible features to people all across continental Europe. eToro is one of the best, and we’ve described them thoroughly earlier in this Kuna review. Try both yourself if you like, and let us know which one you find the more useful.