Founded by Michael Chobanian in 2016, Kuna Exchange claims to be the first public cryptocurrency exchange in CIS countries and Ukraine. The exchange reportedly serves over 500,000 users. Over 30 different trading pairs are available on the platform. The team claims that every account is 100% secured with cash reserves.
1.Decentralized Exchanges (DEXs) ( Best Alternative To Kuna)
Decentralized exchanges (DEXs) are a popular alternative to Kuna and other centralized exchanges. As the name suggests, these platforms are built on blockchain technology, which allows for decentralized trading and eliminates the need for a central authority to control user funds. This means that users have full control over their assets and can trade directly with other users without the need for intermediaries.
Below We Include Some popular DEXs Alternative To Kuna Exchange
1- Uniswap (V3) (Arbitrum) ( Kuna Alternatives Without Verification )
Uniswap is a decentralized exchange (DEX) that pioneered the automated market maker (AMM) model. The introduction of the AMM allowed users to trade against a liquidity pool offering a constant source of liquidity with its product formula. The V3 version of the exchange presents services to Ethereum layer-two solutions.
The AMM model premiered in the V1 version of the exchange, with the V2 version allowing trading between different ERC-20 token pairs instead of swaps between ETH and ERC-20 tokens. The consequence was reduced slippage, benefiting the evolution of the exchange. Furthermore, it introduced protocol fees to continue development. In the V2 version, wrapped Ether instead of native Ether was available for the first time as liquidity for token pairs.
Improvements in the V3 version include unique price curves for liquidity providers, allowing them to centralize their capital at desired prices to improve capital efficiency. Another feature implies the automatic capital removal if prices change significantly and exceed the LP’s price range. The V3 is the first version available on Arbitrum, a scaling solution for Ethereum that opens up a more affordable trading experience thanks to its significantly lower trading fees.
2- ApolloX DEX ( Kuna Alternatives )
ApolloX is the biggest decentralized crypto derivatives exchange on BNB Chain. Launched in 2021, ApolloX offers stable trading infrastructure, deep liquidity and market depth for perpetual futures trading. It provides the infrastructure to broker partners – who can earn commission on transaction fees – under its B2B trading solution ApolloX DEX Engine. In 2022, the exchange announced its transition to ApolloX DAO, expanding its decentralization efforts.
The exchange accumulated an aggregate trading volume of over $160 billion as of June 2022. Besides ApolloX Classic Mode, its original order book perpetual trading model for USDT contracts, it offers ApolloX Lite Mode, a simpler trading mode offering BUSD contracts (ALP-PERP). In Lite Mode, the counterparty of ALP-PERP contracts is the ALP liquidity pool. The ALP liquidity pool is made up of a basket of assets and staking ALP earns users staking yield. ApolloX’s native token is APX, a utility and governance token.
Under ApolloX DEX Engine, broker partners make use of customizable branded trading interfaces to provide a native DEX experience. The exchange provides a high-capacity matching engine and robust security infrastructure with powerful API support and liquidity sharing. Potential exchange partners include wallets, exchanges, asset management platforms, swap platforms, trading bot platforms, social trading platforms, media and institutions.
Perpetual Protocol is a decentralized exchange (DEX) for trading perpetual futures — V1 was initially launched on Ethereum scaling solution xDai, while V2 launched on Ethereum layer-2 (L2) scaling solution Optimism. The exchange also plans to add other EVM-compatible blockchains in the near future. Users can trade a variety of assets with leverage up to 10X and go long or short on them. With the non-custodial nature of the exchange, traders retain possession of their assets and can execute trades directly from their wallets.
The vAMM (virtual automated market maker) provides on-chain liquidity by offering predictable pricing through a constant product curve. The vAMM is designed to be market-neutral and fully collateralized. V2 integrates with Uniswap V3 to allow liquidity providers to choose where along the price curve to provide liquidity.
The exchange’s goal is to become the most secure, most accessible and most decentralized derivatives trading platform and embrace the ethos of “DeFi money legos.” To achieve this goal, it has already launched staking pools, expanded to several blockchains, and introduced limit orders and stop-loss orders. It further plans to introduce leveraged tokens and launch dynamic liquidity pools for more efficient trade execution.
Best Centralized Exchange Of Kuna Alternative
1-One of the best alternatives to Kuna is Bitcoiva
Launched on June 2020. Bitcoiva is the Next-generation crypto-trading platform that supports various forms of transactions such as Fiat to Crypto trading, Crypto to Crypto trading and direct purchase option. Instant, fast and easy transactions are possible with Bitcoiva. Bitcoiva itself holds a coin token called as BCA (bitcoiva) which carries the volume of 21 million which is equal to Bitcoin’s volume. According to numbers Bitcoiva is the Fast-growing & India’s most leading crypto exchange.
They Minimized our process in your hand. Download Bitcoiva mobile app for Android on Google play. The goal is to get a community of people’s and help each other to achieve their profit goals with cryptocurrency.
2- Another popular alternative to Kuna is NovaDAX
NovaDAX Launched in 2018, was born with the mission of bridging the gap between traditional currencies and digital assets, by delivering intelligent, digital and reliable services to people around the world with the help of revolutionary Nova Ecosystem.
To be a global platform that brings the best and most innovative solutions, capable of expanding access to digital assets and fulfilling the purpose of making them accessible to anyone and everyone, through an ecosystem that allows autonomy for its users in a simple way , agile and safe.
3- Pexpay is another alternative to Kuna
Pexpay is a Seychelles-Registered cryptocurrency exchange platform focused on providing a safe and reliable trading experience for users in the Commonwealth of Independent States (CIS), Asia, and Europe regions. It is one of the best P2P (Peer-To-Peer) trading platforms in the CIS region and has developed a suite of trading products for users including Spot, Futures, Convert, Savings and fiat on and off-ramp services. Pexpay has been developed with the latest security protocols in mind, ensuring that our user’s personal information and funds are always protected.
The team behind Pexpay was operating as the technical service provider for Binance P2P prior to Pexpay’s official launch in November 2021. The platform provides access to more than 100 cryptocurrencies and offers 0-fee trading with digital assets like BTC, and 0 maker-fee trading for all BUSD trading pairs including ETH, DOGE, SOL, MATIC and more.
4-Coinsbit is another alternative to Kuna
Launched in August 2018, Coinsbit is a centralized exchange based in Estonia. The team claims that the number of Coinsbit users is 2,000,000. Coinsbit supports cryptocurrency pairs, 6+ fiat gateways and OTC trading, as well as P2P-lending platform. Coinsbit offers cryptocurrency trading and allows users to earn cryptoassets via the Staking pool. Coinsbit exchange token CNB that was launched on 1 January 2020 to reduce trading fees for users. Coinsbit offers its platform both for listing and for conducting IEOs.
Being the largest cryptocurrency exchange means reliability. Your own confidence is the most important thing for. It is thanks to this confidence of Traders they entered the top largest exchanges in the ranking of CoinMarketCap and CoinGecko. They know how to achieve peak goals and we know what service is needed for this. A million of Traders appreciated the convenience and reliability of platform – this is main achievement, and the main reason for you to start working on platform. Right now.
5 -Bitso is another alternative to Kuna
Bitso is a cryptocurrency platform in Latin America. Founded in 2014, it claims to be the first and only crypto platform in the zone to be regulated. Claiming to have more than 1 million users, Bitso offers two main products: its mobile app, designed to buy, sell and use cryptocurrencies and Bitso Alpha, a cryptocurrency exchange that reportedly offers speed, precision, and high-liquidity and enables trading with technical and graphical analysis tools.
Users can access USD (US dollars), ARS (Argentinian Pesos) and MXN (Mexican pesos) on/off ramps, as well as on/off ramp to USD books with a variety of stablecoins. Users can trade with Bitso via its trading platform, Bitso Alpha, or through API, which allows them to create complex automated trading strategies that can be backtested against historical data. Currencies listed on Bitso are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Basic Attention Token (BAT), Golem (GNT), True USD (TUSD), Decentraland (MANA) and DAI (DAI).
About Crypto Exchange
A crypto exchange is a platform where users can buy, sell, and trade cryptocurrencies. These exchanges can be centralized, meaning they are operated by a single company, or decentralized, meaning they operate on blockchain technology and are not controlled by a single entity.
Some popular centralized crypto exchanges include Binance, Coinbase, and Kraken, while popular decentralized exchanges include Uniswap and Sushiswap.
The exchange rate of a cryptocurrency on a specific exchange is determined by supply and demand on that platform. Some exchanges also offer additional features such as margin trading and staking.
Why Kuna Popular
Kuna is a popular cryptocurrency exchange and platform in Ukraine that offers a wide range of services to its users. Some of the key factors that contribute to its popularity include:
- User-friendly interface: Kuna has a simple and easy-to-use interface that makes it accessible for people of all experience levels, including beginners.
- Low fees: Compared to other exchanges, Kuna has relatively low fees for buying, selling, and trading cryptocurrencies.
- Strong emphasis on security: Kuna places a strong emphasis on security and takes measures to protect users’ assets and personal information. This includes using secure servers and two-factor authentication to protect user accounts.
- Community presence: Kuna has a strong community presence and offers various services, such as peer-to-peer trading and integration with Ukraine’s national currency, the hryvnia. This makes it a convenient platform for Ukrainian cryptocurrency users.
- Range of cryptocurrencies: Kuna supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and others, giving users a diverse range of options to trade and store.
These factors combined have helped to make Kuna a popular choice among Ukrainian cryptocurrency users, and it continues to grow and evolve to meet the changing needs of its users.
Why Kuna Not Good Choice For Some Users
Kuna, like any other cryptocurrency exchange or platform, may not be a good choice for some users due to several reasons such as:
- Lack of features: Some users might be looking for advanced trading tools or features which Kuna may not offer.
- Lack of supported cryptocurrencies: Kuna may not support certain cryptocurrencies that users are interested in trading or investing in.
- Security concerns: As with any platform that holds assets, security is a concern. Some users may not trust Kuna to securely store their assets, or may have had negative experiences with security breaches in the past.
- High fees: Some users might find the fees charged by Kuna to be high compared to other exchanges.
- User experience: The user interface and experience may not be to the liking of some users.
These are some of the reasons why Kuna may not be a good choice for some users, but it could still be a good option for others, depending on their specific needs and preferences.
How to Choose best crypto exchange?
Choosing the right crypto exchange can be a daunting task, as there are many options to choose from and each has its own set of pros and cons. Here are a few things to consider when choosing a crypto exchange:
- Security: The security of your assets should be a top priority when choosing an exchange. Look for an exchange that has a history of good security practices and has never been hacked.
- Jurisdiction and regulations: Some exchanges are not available in certain countries due to regulatory restrictions. Make sure the exchange you choose is available in your country and complies with the local laws and regulations.
- Fees: Compare the trading fees of different exchanges to see which one offers the lowest fees. Also, consider the deposit and withdrawal fees as well.
- Payment methods: Some exchanges only accept cryptocurrencies for deposit and withdrawal, while others also accept bank transfers, credit cards, and other methods. Make sure the exchange you choose offers a payment method that is convenient for you.
- Coin offerings: Not all exchanges offer the same coins and tokens. Make sure the exchange you choose offers the coins you want to trade.
- Trading volume: Exchanges with high trading volume typically have more liquidity, which means it’s easier to buy and sell coins without affecting the market price.
- User-friendly interface: Look for an exchange that has a user-friendly interface and offers helpful features such as charting tools and order book.
- Customer support: Good customer support is important in case you have any issues or questions. Look for an exchange that offers multiple ways to contact customer support, such as email and live chat.
- Reputation: Look for an exchange that has a good reputation in the community, and has been around for a while.
- Remember to do your own research, read reviews and check the reputation of the exchange before making any decision.
In conclusion, Kuna is a popular cryptocurrency exchange and platform in Ukraine due to its user-friendly interface, low fees, strong emphasis on security, community presence, and range of cryptocurrencies. It offers a range of services, including a cryptocurrency wallet, peer-to-peer trading, and integration with Ukraine’s national currency, the hryvnia. These factors have helped to establish Kuna as a leading platform in Ukraine and have contributed to its continued growth and success.