0 % hidden
Spread
We apply the real market rate with no added margin on FX.
1:1 conversion
1:1 conversion to USDC, no hidden spread
Every euro, dollar or peso you deposit converts with no spread at the real market rate. No surprises, no tricks.
Try it: your fiat in USDC
USDC is pegged 1:1 to the US dollar. Your fiat converts at the real FX rate vs USD and then 1:1 to USDC, with no added spread.
Loading rates…Equals
1000,00 USDC
The real rate locks at the exact moment of the operation. You see the final amount before confirming.
Why our 1:1 conversion is different
Before you confirm
Transparency
You see the exact USDC amount you receive before tapping send.
Instant
Speed
Conversion executes automatically every time an inbound lands.
1:1 with USD
Circle-backed
Every USDC is backed 1:1 by USD + US Treasuries. Monthly public attestation by Circle.
Always available
No freezing
Your USDC isn't locked after conversion. Move, withdraw or convert back to fiat any time.
USDC → fiat with no extra fee
Bidirectional
Also the other way: USDC to your local bank without added spread. Only the transfer fee.
Kunga conversion vs traditional FX
A real 1,000 EUR to USD operation, side by side.
Traditional FX provider
- Real market rate, no margin
- Cost visible before confirming
- Balance credits in USDC instantly
- No penalty for "minor" currencies
Kunga conversion
- Real market rate, no margin
- Cost visible before confirming
- Balance credits in USDC instantly
- No penalty for "minor" currencies
How your USDC is calculated
USDC is pegged to the dollar, not the euro. That's why we always go through USD first — then it's 1:1.
€ £ $
Your source fiat
EUR, MXN, BRL or GBP. What lands in your IBAN/CLABE/Pix/FPS.
USD
Conversion to USD
We apply the live ECB rate at the exact moment. No added margin.
USDC
1:1 to USDC
USD credits as USDC 1:1, backed by Circle. Your balance stays stable.
Live example
1,000 EUR · at the current ECB rate · ≈ 1,087 USD · → 1,087 USDC in your balance.
Note: the diagram shows only the 1:1 exchange rate to USDC. Receiving and sending money on Kunga also applies a percentage fee on the amount — see fees.
No spread — so what's the model?
Fair question. Short answer: we earn on the visible transfer fee, not on a hidden FX margin.
What we charge
- Variable fee per operation, visible before confirming.
- Simple percentage fee per transfer.
- Network gas on crypto sends (paid by the user, no markup).
What we DON'T charge
- Hidden spread on the exchange rate.
- Maintenance fees or minimum balance.
- Inactivity or account closure fees.
Technical differences USDC vs USDT
Both are dollar-pegged stablecoins, but the fine print differs. Direct comparison.
Attribute USDC USDT
Issuer Circle (US) Tether Limited (Hong Kong / BVI)
Reserves USD + US Treasury bills Mixed: USD, T-bills, gold, BTC
Audits Monthly attestation by Deloitte Quarterly attestations BDO
Jurisdiction Regulated in US and under MiCA in EU No MiCA license in EU
Market cap ~40 B USD ~110 B USD
FAQ
Do you really not apply a margin?
Correct. The rate we use is the market rate at the time of the trade. Our fee is separate and transparent: 1.45% if you use a Kunga wallet and 2.90% if you choose an external wallet.
How is the 1:1 with USDC guaranteed?
USDC is a stablecoin backed 1:1 by dollars and short-term treasury bonds issued by Circle (regulated in the US). Each USDC you receive is backed by 1 USD in reserve.
What about currencies like MXN or BRL?
They convert at the market rate vs USD and then to USDC, with no Kunga spread on top.
How long does the conversion take?
Instant for crypto. For fiat, it runs as soon as the local rail clears the inbound (seconds on Pix, minutes on SEPA Instant, same business day on ACH/SPEI).
Convert the way it should be: no surprises
Open your account and check the 1:1 on your next trade.