No Regulation

Score

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/10

KINE

China

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://kine.exchange/

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KINE
https://kine.exchange/
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E

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No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-09-19

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Time Machine

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Company Name
KINE
Regulatory Status
No Regulation
Abbreviation
KINE
Platform registered country and region
China
Phone of the company
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Aspect Information
Company Name KINE
Registered Country/Area China
Founded year 2019
Regulation Not regulated
Cryptocurrencies available Bitcoin, Ethereum, and some altcoins
Trading fees Flat fee of 0.05%
Payment method Credit card payment, debit card payment and direct bank transfer
Customer Support Available through social media channels like Twitter and Telegram

Overview of KINE

KINE, founded in China in 2019, operates as a decentralized exchange offering a limited range of cryptocurrencies including Bitcoin, Ethereum, and various altcoins. Traders benefit from a competitive flat fee structure of 0.05%, with support for 200x leverage and multiple position management features.

The platform boasts unlimited liquidity through its Peer-to-Pool mode, reducing slippage. Despite its advantages, KINE operates without regulatory oversight. While it provides a user-friendly interface and robust security measures, traders should be mindful of the limited selection of cryptocurrencies and payment methods.

Overview of KINE

Pros and Cons

Pros Cons
Support 200x leverage and multiple features to manage position flexibly Limited selection of cryptocurrencies
Competitive fee structure( flat fee 0.05%) Lack of regulatory oversight
Trade with unlimited liquidity and lower slippage by Peer-to-Pool mode No fiat currency support
Decentralized exchange Limited educational resources

Pros:

  • Support 200x leverage and multiple features: KINE enables traders to utilize leverage up to 200x, allowing for amplified potential gains (or losses). Additionally, the platform offers various tools to manage positions flexibly, such as stop-loss orders and take-profit levels.

  • Competitive fee structure (flat fee 0.05%): With a flat fee of 0.05% per transaction, KINE offers a competitive fee structure compared to other exchanges. This transparent and straightforward fee model benefits traders by reducing trading costs, especially for high-volume traders or those engaging in frequent trading activities.

  • Trade with unlimited liquidity and lower slippage by Peer-to-Pool mode: KINE's Peer-to-Pool mode provides traders with access to unlimited liquidity and reduces slippage compared to traditional order book exchanges. This unique model aggregates liquidity from multiple sources, ensuring that traders can execute trades with minimal impact on prices, even for large orders.

  • Decentralized exchange: As a decentralized exchange (DEX), KINE prioritizes user control and security by eliminating the need for intermediaries and central authorities. This enhances privacy, reduces the risk of censorship or manipulation, and promotes trust among users by allowing them to retain custody of their funds throughout the trading process.

Cons:

  • Limited selection of cryptocurrencies: KINE offers a limited selection of cryptocurrencies compared to some other exchanges.

  • Lack of regulatory oversight: Operating as a decentralized exchange, KINE operates without regulatory oversight from governmental authorities or financial regulators.

  • No fiat currency support: Unlike some centralized exchanges, KINE does not support fiat currency trading pairs.

  • Limited educational resources: KINE may provide limited educational resources or guidance for traders, especially beginners. While experienced traders may appreciate the platform's advanced features and tools, newcomers may find it challenging to navigate the complexities of cryptocurrency trading without sufficient educational materials or tutorials.

Regulatory Authority

KINE operates without regulatory oversight. This lack of regulation raises risks about consumer safety, product quality, and fair business practices.

Security

KINE implys Multi-factor authentication for data protection. Most user funds are stored offline in cold wallets, reducing the risk of hacking. Regular security audits ensure ongoing protection against vulnerabilities, fostering a secure trading environment.

Cryptocurrencies Available

KINE, facilitated by the Remitano gateway, supports a limited selection of cryptocurrencies: USDT, BTC, ETH, BCH, LTC, XRP, BNB and more.

Each cryptocurrency offers distinct features and utilities. Bitcoin (BTC) is renowned for its digital gold status and store of value, while Ethereum (ETH) powers decentralized applications and smart contracts. Litecoin (LTC) and Bitcoin Cash (BCH) emphasize faster transactions and lower fees. XRP facilitates efficient cross-border payments, and BNB serves as a core asset in the Binance ecosystem.

Cryptocurrencies Available

Trading Market

KINE offers a wide range of trading assets to accommodate the varying needs and preferences of cryptocurrency traders.

Spot trading refers to the buying and selling of cryptocurrencies at the current market price. On KINE, spot trading allows users to directly exchange one cryptocurrency for another, providing immediate settlement of trades. This type of trading is popular among investors looking for quick transactions without the need for complex derivative products. Spot trading on KINE offers a friendly experience, enabling users to easily convert their assets into desired cryptocurrencies and vice versa.

Perpetual contracts are derivative financial instruments that closely track the price of the underlying asset, such as Bitcoin or Ethereum, without an expiry date. These contracts enable traders to speculate on the future price movements of cryptocurrencies with leverage. KINE offers perpetual contracts for various cryptocurrencies, allowing traders to amplify their potential profits or losses based on market fluctuations.

Staking involves participating in a blockchain network by holding and locking up a certain amount of cryptocurrency to support network operations and earn rewards. On KINE, users can participate in staking activities for supported cryptocurrencies, such as Ethereum or Binance Coin. By staking their assets, users contribute to the security and decentralization of the network while earning staking rewards in return. Staking on KINE offers users the opportunity to passively earn additional cryptocurrency rewards, making it an attractive option for long-term investors looking to maximize their returns.

Fees

KINE implements a transparent fee structure to facilitate trading activities on its platform. Irrespective of the asset being traded, the fee rate remains consistent at 0.05%.

This fixed fee rate applies to a wide range of assets supported by KINE, including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and others such as Solana (SOL), Cardano (ADA), and Avalanche (AVAX).

With this straightforward fee model, traders can easily calculate their trading costs without encountering variable or complex fee structures. By maintaining a uniform fee rate across all supported assets, KINE ensures fairness and transparency for its users, promoting a friendly trading experience.

Fees

Payment method

KINE offers convenient payment methods to facilitate transactions on its platform. Users can securely purchase cryptocurrencies using credit card or debit card payments, providing quick and friendly transactions.

Additionally, KINE supports direct bank transfers, allowing users to transfer funds directly from their bank accounts to their KINE accounts.

Payment method

How to Buy Cryptos?

Step 1: Create a Remitano Account and Pass KYC Process

  • Visit the Remitano website or download the Remitano app.

  • Sign up for an account using your email address or phone number.

  • Complete the KYC (Know Your Customer) process by providing the required identification documents.

Step 2: Choose a Seller and Input Amount

  • Log in to your Remitano account.

  • Browse the list of available sellers and select one offering the cryptocurrency you want to buy.

  • Input the amount of cryptocurrency you wish to purchase.

Step 3: Make Payment

  • After selecting a seller and specifying the amount, proceed to make payment.

  • Choose your preferred payment method, such as bank transfer or credit/debit card.

  • Follow the instructions provided by Remitano to complete the payment process.

Step 4: Complete Transaction

  • Once the payment is made and confirmed by the seller, the cryptocurrency will be released to your Remitano wallet.

  • Verify that the cryptocurrency has been successfully deposited into your Remitano wallet.

Step 5: Access Kine.io and Use Funds

  • Log in to your Kine.io account.

  • Access the funds that you have deposited into your Remitano wallet.

  • Enjoy trading and using Kine.io with the cryptocurrency funds you have acquired.

How to Buy Cryptos?

Services

In addition to its core trading functionalities, KINE extends its services to offer users a comprehensive suite of tools and resources.

App Download

KINE offers users the ability to download its application, providing convenient access to its trading platform and services. The app streamlines the trading experience, allowing users to execute trades, monitor their portfolios, and access various features on the go.

Affiliate

Through its affiliate program, KINE enables users to earn rewards by referring new users to the platform. This program incentivizes users to expand the platform's user base and promotes growth through word-of-mouth marketing.

Media Kit

KINE provides a media kit for journalists, bloggers, and influencers interested in covering the platform. The media kit contains essential information, graphics, and resources to help media professionals accurately and effectively communicate about KINE and its offerings.

Services

KINE APP

The KINE app functions as a decentralized exchange specializing in derivative trading, employing a peer-to-pool model.

This model offers traders access to a market without liquidity constraints or restrictions on underlying assets. Currently operational on Ethereum, Binance Smart Chain, Polygon, and Avalanche, KINE enables traders to utilize multiple assets as collateral. It introduces cross-margin leverages, synthetic funding fees, and pooled liquidity, fostering innovation in trading products. KINE's advantages lie in its team's expertise drawn from investment banks, hedge funds, and leading exchanges. With a blend of centralized execution and decentralized staking, it seeks to optimize trading experiences.

To download the app, users can find it on respective app stores or through its website.

KINE APP

Is KINE a Good Exchange for You?

KINE could be the best exchange for intermediate traders due to its wide range of supported assets and advanced trading features. Intermediate traders can leverage KINE's platform to explore complex trading strategies and delve deeper into cryptocurrency derivatives.

Here are some user groups that may find KINE suitable:

  • Beginners: KINE can be particularly appealing to beginners in the cryptocurrency space due to its user-friendly interface and intuitive design. As a beginner-friendly platform, KINE offers educational resources and guides to help newcomers understand the basics of cryptocurrency trading. Additionally, its straightforward fee structure and easy-to-use trading tools make it less intimidating for those just starting their crypto journey.

  • Intermediate Traders: Intermediate traders who have some experience in cryptocurrency trading may appreciate KINE for its wide range of supported assets and advanced trading features. While still accessible to beginners, KINE provides opportunities for intermediate traders to explore more complex trading strategies and delve deeper into the world of cryptocurrency derivatives.

  • Experienced Traders: Experienced traders who are well-versed in cryptocurrency trading may find KINE suitable for its advanced features such as leveraged trading and staking. These traders may also appreciate the platform's competitive fee structure and high level of security. KINE can serve as a reliable and efficient platform for executing their trading strategies and managing their portfolios.

  • Customer Support

    KINE provides responsive customer support through various channels, including social media platforms like Twitter, Discord and Telegram.

    Users can reach out for assistance with inquiries or issues related to trading, account management, or security. The support team offers timely responses and assistance.

    Additionally, KINE provides updates, announcements, and educational content via these channels to keep users informed and engaged. By leveraging social media platforms, KINE enhances accessibility to customer support, ensuring users receive the assistance they need to navigate the platform confidently.

    Customer Support

    FAQ

    Q: What cryptocurrencies are available on KINE?

    A: KINE supports limited cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and some altcoins.

    Q: What are the trading fees on KINE?

    A: KINE charges a flat fee of 0.05% per transaction, providing a competitive fee structure for traders.

    Q: Does KINE offer leverage trading?

    A: Yes, KINE supports leverage trading with up to 200x leverage, allowing traders to amplify potential gains (or losses).

    Q: Is KINE regulated by any authorities?

    A: No, KINE operates as a decentralized exchange and is not regulated by any governmental or financial authorities.

    Q: How can I contact customer support on KINE?

    A: Customer support on KINE is available through social media channels such as Twitter and Telegram.

    Risk Warning

    Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.