LUNA is the Terra environment’s native currency. This currency has a wide variety of uses throughout the network. For the most part, LUNA is utilized to run the collateralizing processes that keep stablecoins, well, stable in the network. You may earn interest by staking your cryptocurrency, which is a simple way to produce new stablecoins to make passive income, and it’s gotten a lot of attention from the DeFi community recently. Terra’s USD stable coin has just been de-pegged; can it still be considered a worthwhile investment now?
Under these macroeconomic circumstances, the team in charge of UST and LUNA will have to take aggressive measures to maintain the stability of the $UST peg. In addition, the team has discussed their rehabilitation strategies. Terra Luna‘s pricing might rise and recoup losses if the project’s fundamentals stay steady. Investors that purchase at a discount like that might benefit from the opportunity.
In this article, we will show you where to buy LUNA crypto in this step-by-step guide.
Where to Buy Terra Luna Crypto â Best Exchanges
To purchase Terra (LUNA), you must first choose an exchange. The easiest way to get Terra (LUNA) is via one of the following cryptocurrency exchanges.
- eToro â Excellent Location to Purchase Terra Luna
- Crypto.com â The Best Place to Buy Terra Securely
- Coinbase â The Lowest-Cost Terra (LUNA) Buying Marketplace
- Binance â World’s Largest Cryptocurrency Exchange
1. eToro
eToro is the best site to buy Terra Luna coins right now.
For Terra Luna, eToro is one of the few notable exchanges that does not impose additional fees for credit card or debit card transactions. It also supports e-wallets like PayPal, Neteller, and Skrill to make purchasing cryptocurrency easier. The low trading charges on eToro are a bonus. Terra Luna can be acquired for 1% of its typical price. Consequently, you’ll always know how much you’ll be charged for each transaction.
2. Crypto.com
Another good place to get LUNA coins is at Crypto.com. On Crypto.com, you can buy and sell over 250 major cryptocurrencies at significantly low transaction fees. Depositing cryptocurrency to Crypto.com is free, as are crypto-to-crypto trades. When purchasing Terra Luna with a credit card, the transaction fee is 2.99 percent. That’s much more than eToro but far less than the major Bitcoin exchanges.
Furthermore, after you’ve acquired coins from Crypto.com, you’ll have myriad ways to use your Terra Luna. You may store them in Crypto.com’s free mobile wallet for iOS and Android smartphones. Terra stablecoins may also be loaned for up to 3% APY. Crypto.com offers a Visa rewards credit card that pays you up to 8% of your purchases according to your membership tier so that you may earn even more. You can read our full Crypto.com review here.
3. Coinbase
Beginners in digital currency will find Coinbase one of the most user-friendly crypto exchanges. To purchase a cryptocurrency on Coinbase, choose the cryptocurrency you want, enter the amount you want to spend, and finish the payment procedure. Thanks to this feature, getting started with Terra Luna has never been more straightforward. You can read a full Coinbase review here.
However, Coinbase charges some of the highest fees for quick buys of any significant trading site. You’ll pay a 3.49 percent processing fee with a credit or debit card but just 1.49 percent with a bank account. Despite this, Coinbase’s 0.50 percent transaction costs are higher than most other providers.
4. Binance
Binance is the place to be if you want to earn money trading Terra Luna. Trading cryptocurrencies on Binance’s platform has relatively low expenses, making it a popular option among cryptocurrency investors. We wrote a full Binance review that you can also read.
Hundreds of technical indicators on the Binance trading platform are pre-installed, enabling users to design their custom charts. You can keep track of the Terra Luna order book, price alerts, and crypto market news.
Binance charges just 0.10 percent for each buy and sell order made. This is already the lowest transaction price we’ve seen, but you can also earn discounts based on your trading volume or owning Binance’s cryptocurrency, BNB.
A Step-by-Step Guide to Buying Terra Luna (LUNA)
Here’s how to open a free account with the best exchange and user-friendly platform, especially for novices using eToro.
Step 1. Establish an eToro account.
Register as a new user on the eToro website by clicking the “Join Now” button. A registration form will ask you for your name, email, address, phone number, and trading experience.
Step 2. Authenticate your account
You will need a digital copy of your government-issued ID to complete the registration process. As a reminder, please confirm that your chosen payment method’s name matches this document’s name.
Step 3. Deposit money into your account.
If your account is approved, you will receive an email from eToro. Once you’ve signed in, go to your user dashboard, and click “Deposit.” It’ll provide you with a deposit window that includes all of the allowed payment options in your area. Choose one, input the amount you wish to deposit, and then follow the onscreen steps to complete the transfer.
Step 4: Search for Luna or other cryptocurrencies.
After your money has been credited, the “Discover” tab will appear on your user dashboard. To see what you’ve uncovered, click on it. By choosing “Crypto” from the available asset classes list, you may search for Terra Luna or any other cryptocurrency you wish to buy from the list of supported crypto assets.
Step 5: Invest in LUNA or another cryptocurrency.
Select LUNA or any other crypto token to acquire, then enter the appropriate purchase amount in the open trade tab. Finally, press the “Open Trade” button to complete the transaction.
How to Use a Credit or Debit Card to Purchase Terra Luna
Most exchanges where Terra LUNA is traded accept credit or debit cards so that you may buy them from anywhere in the world. It is easier to use a credit card than a bank account since deposits are made virtually quickly. Furthermore, cards have lower deposit minimums and prices than many other means of payment. Even if an exchange does not charge a deposit processing fee for card deposits, you must still pay the cash transfer fee charged by your card issuer.
How to Purchase Terra Luna with PayPal
In addition, you may pay for Terra LUNA using PayPal if you like. Most merchants and investors purchase Terra Luna using PayPal because of its simplicity. Depositing money into trading platforms using PayPal is just as quick and easy as depositing money with a credit or debit card. Most trading platforms do not charge any costs associated with deposit processing. In addition, it enables the transfer of minuscule amounts of monetary value. Since this payment method is not supported, it is impossible to buy Terra Luna using PayPal on any cryptocurrency exchange, including eToro.
Buying Terra Luna with a Cash Deposit
Using a bank to make a payment is often the most time- and effort-efficient option. As a result, Terra Luna may be acquired using a bank deposit on almost all of the cryptocurrency exchanges that are currently operational. Compared to transactions conducted through credit cards or PayPal, eToro bank deposits may take between three to eight working days to complete. Most crypto exchanges charge a higher deposit, even for bank transfers.
Recommended Terra Luna Wallet
The Terra team has developed a free digital wallet to store Terra tokens and stable currencies. You can download this wallet from the Terra website. Wallets that are extensions for browsers, online wallets, and mobile apps are the three primary delivery mechanisms for the service. Other digital wallets are run by third parties capable of accepting LUNA coins. Up to this point, the three cryptocurrency exchanges we have discussed provide wallet options, either custodial or noncustodial. You may access other stand-alone hot wallets on mobile devices and the internet.
The only exception to this rule is if you engage in day trading or scalping; in such situations, you should store your coins in offline vaults. You should consider purchasing either a hardware wallet or a paper wallet if you want to ensure the safety of your cryptocurrency holdings for a long time.
Conclusion
We’ve discovered the finest locations to buy Terra LUNA coins right now, as well as the best platforms to utilize, as a result of our exhaustive study. We’ve also provided a step-by-step tutorial on Terra LUNA investment. Terra Luna is now rebounding and going towards an upswing, making it a must-have for any cryptocurrency portfolio. This article has covered all you need to know about LUNA tokens. You may buy LUNA on the eToro platform by following our step-by-step instructions. To begin trading Terra Luna on this platform, follow this guide and invest as little as $10.