Note: The information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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Kinesis Information
Kinesis Money operates at the intersection of traditional precious metals and cutting-edge blockchain technology, offering digital currencies backed by physical gold and silver stored in secure vaults worldwide. Through their Kinesis platform and mobile app, users can buy, sell, and manage these assets, benefiting from a unique yield system that rewards economic activity. However, it is not regulated currently.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros:
- Asset Backing: Kinesis provides digital currencies (KAU for gold, KAG for silver) backed by physical precious metals stored securely in vaults. This backing offers investors tangible asset security.
- Security Measures: Kinesis employs secure vault storage and promotes protective measures like anti-money laundering (AML) and know your customer (KYC) policies, enhancing investor confidence in asset security.
- Yield System: Users can earn yields on their holdings through Kinesiss unique yield system, incentivizing economic activity and potentially increasing investment returns.
- Accessibility: The Kinesis platform and mobile app offer convenient access for users to manage, trade, and monitor their investments in digital precious metals, improving accessibility and usability.
- A Range of Contact Channels: Kinesis supports multiple communication channels (phone, email, live chat, social media) for customer support.
Cons:
- Unregulated: Kinesis operates in an unregulated environment, which may pose risks related to regulatory changes or lack of oversight compared to regulated financial instruments.
- Limited Demo Account Availability: The absence of a demo account could restrict new users from exploring the platforms features and functionalities before committing actual funds, potentially affecting user onboarding and satisfaction.
Is Kinesis Legit？
Kinesis promotes several protective measures, such as anti-money laundering (AML) and KYC policies, counterparty risk protection and secure, fully insured vault storage. They assure that all precious metals, including their Kinesis gold (KAU) and silver (KAG), are backed 1:1 by physical bullion stored in highly secure vaults across various global locations.
However, Kinesis currently operates without valid regulatory oversight. This lack of regulation exposes investors to significant risks. Without governmental or financial authority supervision, there are concerns regarding the accountability of those managing the platform. In an unregulated environment, there's a possibility that the operators could mismanage funds or even abscond with investors' assets without repercussions.
Market Instruments
Kinesis offers digital currencies that are backed by physical gold and silver. Each digital currency unit (KAU for gold, KAG for silver and KVT for Kinesis Velocity Token) represents a specific weight of precious metal stored in secure vaults.
- Kinesis Gold (KAU): This digital currency is directly backed by physical gold bullion stored in insured vaults. Each unit of KAU represents a specific weight of gold, providing investors with a digital representation of their holdings in the precious metal.
- Kinesis Silver (KAG): Similar to KAU, KAG is a digital currency backed by physical silver bullion stored in secure vaults. Each unit of KAG corresponds to a specific weight of silver, allowing investors to trade and hold silver in digital form.
- Kinesis Velocity Token (KVT): KVT serves a unique role within the Kinesis ecosystem, functioning as a utility token rather than directly representing physical metal. Holders of KVT tokens can earn a share of transaction fees generated within the Kinesis monetary system, providing an incentive mechanism for participation.
Trading Platforms
Kinesis offers the Kinesis platform and Kinesis mobile app for its clients.
The Kinesis Platform serves as the central hub where users can buy, manage, and spend both physical precious metals and digital currencies. It features a user-friendly interface that allows for easy navigation and management of portfolios. Investors can monitor the value of their holdings in real-time, ensuring transparency and accessibility. The platform supports transactions in Kinesis Gold (KAU), Kinesis Silver (KAG), and the Kinesis Velocity Token (KVT), each representing specific weights of physical gold or silver stored securely in insured vaults globally.
For those on the move, the Kinesis Mobile App extends these capabilities to smartphones, enabling users to access their accounts conveniently from anywhere. This app is tailored for users who prefer managing their investments on mobile devices, offering the same functionality as the desktop platform.
Fees
Kinesis imposes a variety of fees across its services and products.
Take precious metals like gold (KAU) and silver (KAG) as examples, transaction fees for buying or selling these metals are set at 0.22% for market orders or limit orders executed through the Kinesis platform or exchange.
In terms of digital assets trading, executing trades through market orders or limit orders incurs a similar fee structure of 0.22%. Additionally, transferring Kinesis assets between wallets or accounts within the Kinesis platform carries a fee of 0.45%.
For minting activities, where users convert external assets into Kinesis tokens, fees vary. Mint deposits from outside the platform are free, but internal mint deposits attract a $25 fee per transaction. Mint trade execution fees are set at 0.45% per transaction.
Clients can learn more specific fees by visiting their website or directly clicking: https://kinesis.money/about-us/fees/.
Customer Service
Kinesis offers live chat(24/7). With live chat, customers can get their questions answered quickly and receive help with any issues they may have.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +44 20 3150 0385
Email: support@kinesis.money
Address: Kinesis Money, 36A Dr. Roys Drive, Grand Cayman, Cayman Islands, KY1-1104
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, YouTube and reddit, and Linkedin.
Kinesis offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform.
Conclusion
In conclusion, Kinesis offers a unique proposition with digital currencies backed by physical precious metals, providing asset security and a yield system that can enhance returns. The platforms accessibility and multiple contact channels bolster user convenience and support responsiveness. However, challenges include its regulatory status in an unregulated environment and the absence of a demo account limiting user exploration.
Frequently Asked Questions (FAQs)
Is Kinesis regulated by any financial authority？
No. It has been verified that this broker currently has no valid regulation.
How can I contact Kinesis？
You can contact via phone: +44 20 3150 0385, email: support@kinesis.money, live chat, online messaging, Twitter, Facebook, Instagram, YouTube and reddit, and Linkedin.
What platform does Kinesis offer？
It offers the Kinesis platform and Kinesis mobile app.
What services and products Kinesis provides？
It provides Gold, Silver and KVT.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
