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Terra Classic

How & Where to Buy Terra Classic (LUNA)

Buying Terra Classic (LUNA) for funds from your bank requires a 2-step process. You're going to buy some BTC or ETH from an exchange that accepts deposits from a debit card or bank account, and then you're going to transfer your newly bought crypto to a marketplace that sells LUNA in exchange for bitcoin or Ether.

Step 1Buy BTC or ETH at Coinbase

Sign up and purchase BTC or ETH at Coinbase.

If Coinbase is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money.

Step 2Go to a supporting LUNA exchange:

Transfer your newly purchased BTC or ETH from your wallet to one of the exchanges listed below.


Terra Classic Price & Information

Current LUNA price and historical price chart

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Terra Classic Calculator

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Why Should I Buy Terra Classic (LUNA)?

How and Where to Buy Terra (LUNA)

In January 2018, Do Kwon and Daniel Shin founded Terraform Labs with a mission to drive the adoption of cryptocurrencies and blockchain technology. The founders concentrated on providing price stability and usability as Kwon became the CEO of Terraform Labs.

In April 2019, the founders launched the Terra mainnet, and from September 2020, Terra pegged the following coins to the United States dollar: –

  • The Mongolian Tugrik
  • The South Korean Won
  • The International Monetary Fund’s Special Drawing Rights basket of currencies.

The Terra network has a thriving community of followers and has rapidly grown the ecosystem and interest in the project. The Terra Academy teaches crypto enthusiasts subjects such as “how to write smart contracts” or “how to integrate with your web app“, and there’s an intro to Terra app development. You can also apply to the Terra network for a grant towards funding your next project.

What Is Terra (LUNA)?

Terra (LUNA) is an algorithmic stablecoin protocol providing affordable and fast transactions. It powers stable-price global payment systems using fiat pegged stablecoins. Terra is the network, and the native token is $LUNA, a volatile cryptocurrency used for stabilizing prices for the protocol’s stablecoins.

Decentralized stablecoins avoid the traditional financial governance issues by using automated algorithms to maintain the pegs instead of cash reserves or debt. The Terra network’s most popular decentralized stablecoin is TerraUSD (UST).

To maintain the stablecoins price stability, the Terra network mints and burns tokens and incentivizes users to buy and sell $LUNA as a form of arbitrage.

For instance, you require $LUNA to buy $UST. The network then burns $LUNA, thus restricting token supply. Subsequently, the price of $LUNA rises a little. It’s the same in reverse. To mint $LUNA, you convert $UST, which is then burned and the $UST price increases. Terra’s whitepaper suggests that this arbitrage process of managing the $LUNA supply will continue stabilizing the price of its stablecoins.


What Makes Terra (LUNA) Unique?

The Terra blockchain is unique because it can host a multitude of algorithmic stablecoins on the network. It uses fiat-backed stablecoins to blend the many benefits of cryptocurrencies with the daily price stability we expect from fiat currencies like the U.S dollar. The Terra algorithm keeps a one-to-one peg that automatically adjusts with supply and demand.

The Terra website promotes its offering as the following: –

  1.     $UST – Industry-leading decentralized stablecoin
  2.     Smart contracts platform
  3.     Thriving cross-chain DeFi environment
  4. Built on the Cosmos SDK & Tendermint consensus

The Terra Network

The Terra Network incentivizes $LUNA holders. By staking your $LUNA tokens, you can earn rewards and have governance on the Terra network, meaning you can vote on important proposals.

Block Explorers

A block explorer is an online tool enabling searches for historical and real-time blockchain information, such as data relating to addresses, transactions and blocks.

  • Extraterrestrial Finder – community maintained
  • Terra Finder –  maintained by Terraform Labs maintained


InterChain is a blockchain that interconnects all SubChains

  • Terra Bridge – Enabling transfers between Terra and other blockchains
  • Wormhole – Enabling transfers between Terra, Binance Smart Chain (BSC), Solana and Ethereum

The Terra-Luna Ecosystem

Terra has a vast and evolving ecosystem. The following list is a small cross-section taken from the multiple projects listed on the Terra website: –

  1.     Anchor Protocol [savings] – a fixed yield lending protocol with $11.5 billion in TVL (total value locked). There are no sign-up requirements, minimum deposits or account freezes and up to 20% return on savings
  2.     Astrosport – a “world-class” automated market maker [AMM]
  3.     Terra Station – Terra’s main wallet
  4.     Mars Protocol – a borrowing & lending protocol
  5.     Prism – DeFi yield
  6.     Mirror Protocol – to create fungible assets, synthetics that “track the price of real-world assets.”
  7.     Terraswap – AMM
  8.     Chai Payments for South Korean users
  9.     Memepay a Mongolian payments app
  10. Spectrum Protocol – a yield optimizer to automatically compound and auto-stake users rewards on Mirror & Anchor protocol
  11. Pylon Protocol – a launchpad for yield redirection and “lossless investments”
  12. White Whale – an arbitrage platform
  13. Nexus Protocol LTV management across the ecosystem
  14. Apollo DAO – yield and auto
  15. Edge Protocol –  UST adoption  via vaults and AMM
  16. Kujira – a tool for bidding on Anchor liquidations
  17. Angel protocol – ongoing donations for charitable causes
  18. OpenOceon – a DEX, the world’s first DeFi & CeFi aggregator
  19. Terra Name Service – claim your .ust domain
  20. Astral Money – simple digital finance for your personal finances on Terra

How and Where to Buy Terra (LUNA)?

Binance is a reputable, secure and trusted cryptocurrency exchange. The fiat currency funding options make purchasing $LUNA tokens a relatively fast, seamless and stress-free experience.

  1. Register for an account with Binance – Verify your account for security purposes
  2. Go to “Deposit Fiat”  – Binance provides several fiat currency options
  3. Choose deposit options – Visa and Mastercard fees are 1.8% or choose Advcash, which supports SEPA transfers for 
  4. Open the exchange tab – $LUNA is paired to several alternatives on Binance such as LUNA/USDT, LUNA/EUR, LUNA/BTC, LUNA/BNB, LUNA/ETH and LUNA UST. 
  5. Choose a currency pair and make your purchase
  6. Store your $LUNA tokens – Binance has an exchange wallet, or you can choose an off-ramp cold storage wallet to secure your $LUNA holdings

How do I Sell Terra (LUNA)?

It’s super easy to sell your $LUNA tokens on the Binance exchange: –

  1. Sell your $LUNA holdings for a stablecoin like $USDT
  2. Transfer the $USDT to a reputable off-ramp platform like Coinbase or Gemini
  3. When the transfer is complete, convert the $USDT in your Coinbase or Gemini account to fiat currency and withdraw to your bank account. You can then enjoy the profits you’ve (hopefully) made on your $LUNA investment

Should I Buy Terra (LUNA)?

Although we cannot provide investment advice, if you wish to invest in Terra (LUNA), Binance is the world’s largest cryptocurrency exchange. The platform offers compatibility with Trust Wallet, a reputable open-source mobile wallet app available for iOS and Android.

KuCoin and also list $LUNA tokens and are both trustworthy cryptocurrency exchanges. has an exchange wallet and the “S1” hardware wallet. KuCoin provides custodial and non-custodial services.

How do I invest in Terra (LUNA)? Safely?

If you wish to invest in $LUNA tokens, purchase from a reputable cryptocurrency exchange such as Binance, or KuCoin. After purchase, we advise storing your $LUNA tokens securely in a cryptocurrency wallet.