Kuna.io — buy sell cryptoApp Store
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
(Analysis from Android review)
The Kuna suite of services is not just the app that we’re currently describing. This is the description on its Google Play page:
Kuna - the mobile app for purchasing, selling and storing cryptocurrency
The Kuna User Agreement further elaborates:
“KUNA” refers to an ecosystem comprising KUNA websites (whose domain names include but are not limited to kuna.io), mobile applications, clients, applets and other applications that are developed to offer KUNA Services, and includes independently-operated platforms, websites and clients within the ecosystem (e.g. КUNA.IO, Kuna Labs Business Inc, KUNAWALLET OÜ, KUNA IP and payment gateways)
Section 22.214.171.124 of the User Agreement describes this specific wallet/app as custodial.
However, Sections 126.96.36.199 and 188.8.131.52, refer to the provision and creation of a non-custodial wallet.
We downloaded the app that is custodial.
In case of providing a non-custodial Wallet Company doesn’t have any access to Users assets or keys, doesn’t participate in transfers and has no impact on them.
When You create a non-custodial Wallet, You will be assigned a private key. You will be prompted to download or save a keystore - your private key encrypted with a password. You will be responsible for maintaining the confidentiality of Your private key or keystore, and will be fully responsible for any and all activities that occur under your account.
We then emailed Kuna support to verify the existence of their non-custodial wallet, if any.
At the time of this writing, we are still waiting for their reply.
Tentatively, we are inclined to label this specific app or service as custodial with no source code that can be readily verified. We will change our verdict should new information arise.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.