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How & Where to Buy Terra A Step-by-Step Guide to Buying LUNA

  1. Sign up at Gemini, the #1 rated LUNA exchange.
  2. Fund your account with cash or crypto.
  3. Buy TerraLUNA
  1. STEP 1Find the Best LUNA Exchange
    • 1486429286
      Ease of use
      Very Easy
      Time to 1st Buy
      10 min
      24h Volume
      $20,659,392
      Coins
      60

      Founded by the Winklevoss twins, who also conceived Facebook, Gemini is an ultra-convenient and incredibly legitimate platform that has gone through every level of financial scrutiny possible to be the most reliable cryptocurrency exchange in the US. Truly too legit to quit, this is one of the few exchanges where your funds are actually insured in case of theft. USD-only features most of the well-known cryptocurrencies.

    • kraken exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $189,010,906
      Coins
      92

      A decade of security, honesty, and transparency has given San Francisco’s Kraken an impressive reputation and helped it become the fourth-largest cryptocurrency exchange in the business. The brokerage service offered by Kraken has more coins to buy and sell directly with cash than most of their competitors. In addition, debit and credit card purchases are permitted with comparably low fees. Well-suited for beginners and those who want to buy and hold coins long-term.

    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      313

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to Gemini and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Terra TerraLUNA quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy LUNA with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for LUNA.

Frequently Asked Questions About Buying & Selling Terra (LUNA)

How do I Buy LUNA with Crypto?

If you want to buy LUNA with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Gemini.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Terra (LUNA)?

To sell LUNA, simply reverse the buying process described above. You will likely need to trade your TerraLUNA into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Terra Research Center

Terra Technical Details & Statistics

Tokenomics
  • Market Rank213
  • Market Cap927,841,472
  • Circulating Supply6,536,396,903,498
  • Total Supply6,907,072,875,695 LUNA
Yesterday's Trading
  • 24 HR Volume265,183,230 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

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

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 Gate.io also list $LUNA tokens and are both trustworthy cryptocurrency exchanges. Gate.io 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, Gate.io or KuCoin. After purchase, we advise storing your $LUNA tokens securely in a cryptocurrency wallet.

  • Gate.io – LUNA/USDT & LUNA/ETH
  • KuCoin – LUNA/USDT, LUNA/BTC, LUNA/ETH & LUNA/UST