Are you confused about where exactly to buy Terra Luna crypto? We have your back!
One of the biggest struggles for crypto starters and investors is managing the exchange platforms. With so many options, it is difficult to know where to buy and sell coins or tokens.
Not only does this cause a lot of headaches, but it also means that your transactions can sometimes be delayed or that you don’t always get the best price.
Fortunately, you can use this guide, designed to help beginners and experts alike. We have collected the five best exchange platforms that should meet everyone’s needs.
How To Buy Terra Luna In 4 Quick Steps
If you want to buy Terra Luna quickly, follow these four simple steps:
Step 1: Visit eToro’s website and open an account.
Step 2: Deposit $10 using Neteller, PayPal, Skrill, a credit/debit card, or a bank transfer.
Step 3: On the website, search for LUNA and select Trade.
Step 4: Enter the amount of Terra Luna tokens you want to buy and select “Open Trade.”
Where To Buy Terra Luna Coin?
Luna Coin is one of the hottest cryptocurrencies on the market, but to buy this new cryptocurrency, you’ll need a crypto exchange that offers it.
For the best possible trading experience, you’ll need to choose a crypto exchange with a good reputation, the best prices, ease of use, trading tools, and a wide variety of crypto coins.
We’ve looked into five popular exchanges that offer Terra Luna and reviewed them below.
#1. eToro – Overall Best Crypto Exchange To Buy Terra Luna
eToro is a great option for people who are interested in buying Terra Luna but don’t know much about cryptocurrencies. It lets you buy cryptocurrency with fiat currency. So you don’t have to worry about purchasing digital coins and storing them safely.
You can purchase Terra Luna with PayPal, Skrill, Neteller, or even a debit/credit card thanks to this exchange platform.
eToro has a reputation for fair, low-cost trading. With this platform, you’ll never have to pay more than 1% per purchase. This ensures that you always know exactly how much you’re paying so that you can maximize your long-term investment growth and minimize costs.
About The Company
eToro was launched in Israel in 2007 by three entrepreneurs with a vision of bringing open-ended financial systems to the world.
Launched in 2010, OpenBook was the first social trading platform and remains at the heart of eToro’s investment experience.
It has since grown into a global company that operates a social trading platform, enabling users to copy their skills and strategies, as well as invest in stocks, commodities, and cryptocurrencies.
eToro has recently introduced trading options to its platform. Now, you can trade in forex, stocks, and contracts for difference (CFDs), alongside Bitcoin, Ethereum, and many other cryptocurrencies.
The company grew quickly and has now expanded to serve over 140 countries around the world, with over 20 million users.
eToro is regulated by several financial authorities, including the US FINRA and FinCEN, the SEC (Securities and Exchange Commission), the UK’s Financial Conduct Authority, and ASIC (Australian Securities and Investments Commission).
Besides, it also has a license from CySEC (Cyperus Securities and Exchange Commission).
With a mobile-first approach, eToro has a clean, simple design that makes it easy to find its features. The platform also allows users to seamlessly transition from the web experience to mobile trading.
Besides, recently added eToro Options is also beginner-friendly. The eToro CopyTrader tool enables you to easily find, view, and copy the crypto trading strategies of other traders.
The Popular Investor Program is a system where popular investors on the platform will share their winning strategies with newer users, who can then use them to their advantage in their trades.
The eToro Investor Program offers you the possibility to receive considerable payouts based on your shares and the capital they have under their management. With this program, traders can earn up to 2% of the assets held by a copier.
The broker’s execution quality is standard, but it doesn’t disclose any statistics that would allow the trader to compare its results with those of other brokers.
eToro’s long-standing commitment to best execution is evident in the company’s low figure for payment for order flow.
A free demo account is included for all eToro members so they can get a feel for the platform and practice trading before entering the market.
Additionally, users start with $100,000 in virtual currency where they can hone their skills before risking real money. This is great for those who are new to cryptocurrencies.
eToro’s Smart Portfolios give you the ability to invest in a wide range of asset classes, like private equity and infrastructure, on top of stocks, ETFs, and cryptocurrencies. They are a great way to diversify your portfolio and make sure your money is safe from disaster.
Stock trading and exchange-traded funds (ETFs) are associated with straightforward trading technology. You can chart data, but there are no backtesting capabilities on the platform. However, the CopyTrade product remains at the heart of this eToro platform.
eToro has a wide variety of trading tools and features, including market insights, price analysis, and investment strategies.
Customers who want to start investing with eToro can quickly create an account by following a self-guided questionnaire. It asks for some personal information like the amount you wish to invest, the time frame for your goals, and what type of investor you are.
The personalized onboarding questionnaire helps get your finances in order, and the ever-present support team is always on hand to answer any questions you may have.
Once you’ve filled out the application, you can link up with any of the various financial institutions supported by eToro and make your first deposit. You can trade directly from the main app, and your eToro Options account can be set up right there too.
You can store Terra Luna right inside your exchange account, but if you prefer to keep your coins safe, you can transfer them to your eToro Money crypto wallet.
The broker supports 24 cryptocurrencies, 263 ETFs, and 2,094 stocks as tradable assets, where prices are provided in real-time under the “Trading” tab.
eToro is a great choice for beginner traders looking to start their journey with stock trading, but seasoned veterans might find the control options limited compared to other brokers on this list.
Besides, it enables investors to filter for ESG factors in their trade searches. The platform also rates assets based on socially conscious considerations, so customers can more effectively align their investments with their values.
eToro’s mobile app is easy to use, with a clean design and a social media feel. It also includes functionality that allows you to interact with other traders and check the profiles of popular investors.
Whether you are looking for posts by your favorite trading guru or want to know what hot stocks traders are talking about today – the eToro mobile experience offers it all.
eToro charges a 1% fee for crypto transactions, and no fees or commissions for stocks or ETFs. This is on par with the low-to-mid range of commission rates other trading platforms charge.
Withdrawals with eToro are simple and fast, but the eToro Money crypto wallet has a $30 minimum withdrawal amount. However, there are no fees associated with transferring funds to your bank account or adding money to your eToro wallet.
eToro charges a monthly inactivity fee of $10 for users that are not active on their account within a year.
If you do not wish to use the platform any longer, you can transfer your account to another broker. However, this is subject to a $75 fee per transfer from eToro to another brokerage.
Account And Research Convenience
eToro ‘s extensive portfolio of cryptocurrencies and popular trading tools make it easy to trade the world of crypto. Invest in cryptos with a simple click, or apply filters in your search to narrow down your search results.
You can follow other investors or copy successful traders automatically with eToro ‘s CopyTrader feature.
eToro offers five tiers of membership: Silver, Gold, Platinum, Platinum+, and Diamond. As you move up the tiers, you gain access to more advanced research features. These include full-time traders and market makers. The tier requirements range between $5k and $250k.
Security is a priority at eToro, and they offer biometric fingerprint entry and two-factor authentication to protect your account.
Besides, eToro offers equity assets like stocks and ETFs, which are covered by the Securities Investor Protection Corporation (SIPC).
- Credit or debit card Terra Luna purchases
- Best social media trading platform
- CopyTrading for crypto
- Around-the-clock customer service
- Available in only 46 US states
- Limited account types
#2. Crypto.com – Best For Lowest Fees Of Terra Luna Token
Crypto.com is the world’s largest cryptocurrency exchange by transaction volume, providing access to over 250 cryptocurrencies, including Terra Luna, Bitcoin, Ethereum, and Binance, plus a competitive rewards program. The best part is that they do not charge any transaction fees.
The company has also made it possible to use cryptocurrency credit cards, NFT marketplaces, a decentralized crypto exchange, and standalone crypto wallets. Users can also stake some of their crypto in a Crypto.com wallet for up to 14.5% interest.
Crypto.com offers a low-cost option for buying and holding Terra Luna. Fees are limited to 0.40% but drop depending on the size of your portfolio and how much you trade on their platform.
About The Company
Crypto.com was established in 2016 in Hong Kong to provide a safer, more convenient way for people to use cryptocurrencies. Crypto.com is now one of the fastest-growing cryptocurrency platforms worldwide, with over 10 million users from at least 90 countries.
Since there is a range of coins that can be deposited or spent, Crypto.com can be used by anyone interested in trading or investing in cryptocurrencies. It has both advanced and beginner-friendly features.
Crypto.com offers a variety of crypto tools, including a bitcoin wallet and the option to buy and trade cryptocurrencies through an easy-to-use interface.
It may not be the best choice for someone just starting with crypto, but it could be ideal for active crypto traders or anyone who wants to spend their cryptocurrency rather than simply hold it.
With over 250 currencies supported, Crypto.com is one of the most inclusive exchanges available. You can buy and sell most of the highest-traded currencies, such as LUNA, BTC, ETH, LTC, XRP, BCH, ADA, NEO, etc.
Crypto.com also grants its own coin, CRO. If you own a lot of CRO shares, you are rewarded with higher staking interest rates, higher credit card rewards, and lower trading fees.
Crypto.com’s mobile app exists to make the crypto space easier and more accessible for consumers so that anyone can be a part of today’s digital revolution.
The Crypto.com mobile app is available for Android and iOS devices. It’s easy to navigate and comes with all the features that you would expect from a trading app, like push notifications, price alerts, and real-time market data.
With Crypto.com, the world’s most trusted cryptocurrency wallet, you can quickly view your portfolio and a list of popular assets. Or you can simply search for an ICO you’re interested in and see its price movement over time.
You can use the simple app to trade currencies and tokens, earn through staking your crypto, and make payments with cryptocurrency in-store or online using Crypto.com. Besides, you can also sign up for one of their credit cards.
Their convenient chart tools are simple, but not overly so, with simple graphs and detailed information about the coins you’re trading on each currency’s page.
You get a basic overview of what’s happening in the market. But you’ll need to rely on other sources for more detailed information about each currency’s chart data and technical performance.
The platform currently supports the buying, selling, and storing of crypto in seven currencies. For instance, you can buy Terra Luna with Canadian dollars (CAD), Australian dollars (AUD), pound sterling (GBP), euro (EUR), Brazilian real (BRL), and U.S. dollars (USD).
Crypto.com’s trading fees are lower than what you would notice with famous industry competitors, but about average for the rest of the market.
If you’re a new Crypto.com user without any CRO staking, then with a monthly trading volume under $25,000 you’ll pay 0.4% on Terra Luna trades.
To support high-volume traders, Crypto.com has introduced a tiered system for Maker and Taker fees with CRO staking in place for the highest tier. It will be charged as low as 0.04% as a maker or 0.1% as a taker without CRO.
You can qualify for discounted trading fees if you hold a minimum of 5,000 CRO in your wallet. The higher the amount of CRO you hold, the better your fee discounts will be.
Until your monthly trading volume reaches $25,000, you pay 0.36% per trade. Once it reaches that amount, fees decrease.
There are no additional fees for trading on Crypto.com, so you’ll always be competitively priced against other exchanges.
Cash Back Cards
Crypto.com offers its customers five prepaid Visa Cards. The cards are virtual, meaning you cannot use them to withdraw money from the ATM or use it for cash advances.
However, you can use them anywhere where Visa is acceptable. Once you top them up you can spend your crypto in everyday life and earn cash-back rewards.
CRO holders will want to stake their tokens and get some of the new Crypto.com benefits and rewards. The benefits increase with the amount of CRO you stake. For instance, with the Obsidian card, you earn 5% crypto back on all crypto purchases made with the card.
Crypto.com uses multiple security measures to help protect its customers’ accounts. These include multi-factor authentication (MFA) in addition to whitelisting.
However, it’s important to use a strong password and personal cybersecurity practices like updating virus protection regularly to help ensure that your account is safe from attacks.
There’s no way to reverse a cryptocurrency transaction, so if your account is breached, you’ll probably lose the crypto in your account.
Crypto.com’s compliance monitoring and cold storage prevent losses from theft and access to your funds. Also, it offers up to $250,000 in FDIC insurance coverage on U.S. dollar balances. Thus, you can relax knowing your money is safe and secure.
- Invest in 250+ cryptos
- 8% crypto Visa rewards
- In-built lending platform 3% APY
- 2.99% transaction fees
- No e-wallets or PayPal purchases
#3. BitDD – Best For Blue-Chip Crypto Exchanges Securely
You should always diversify your portfolio, especially in the crypto market. While you should always invest in Bitcoin and Ethereum, it is good practice to diversify with some highly volatile tokens Like Terra Luna too. BitDD is an excellent choice for your riskier investments.
BitDD is one of the best crypto apps to combine advanced currency and derivative transactions with the highest level of compliance and security. It provides a safe and secure environment for sophisticated trading in digital assets like BTC, ETH, and USDT.
Besides, BitDD is one of the few companies to secure a Money Service Business — Money Service Provider (MSB) license from the United States Treasury Department.
About The Company
BitDD is a fast-growing tech company helping customers manage their digital lives, with offices in Los Angeles, Malaysia, and a brand new website. They have been online since 2017, serving more than 500,000 customers and with 2+ million users expected by 2023 worldwide.
BitDD provides users with a wide variety of digital currency services, including stablecoins and derivatives transactions. The cryptocurrency roulette is primarily aimed at stablecoins and offers 20+ pairs of popular cryptocurrencies including Bitcoin (BTC), Dogecoin (DOGE), Terra Luna (LUNA), Tether (USDT), and Ethereum (ETH).
Whether you’re a cryptocurrency novice or an expert, BitDD will provide access to the latest coins and transactions. A simple sign-up is required for this service, visit the website, input your information, add security details, and start using it right away.
What’s great is there are no fees for the first 90 days of use! BitDD offers a fully functional free trial that allows you to test the service while it is still new.
The initial trial period is risk-free, and if you have any issues during this trial, your new BitDD support team will get you up and running in no time.
Put your LUNA, BTC, ETH, USDT, and other cryptocurrencies to use in the BitDD 8888 USDT Welcome Reward Program. The more you deposit, the higher your chances of winning a prize! Withdrawal fees are waived on deposits of 150 USDT and more.
‘No Fees for 90 Days’ makes BitDD the most affordable crypto exchange on the market. Not only that but they also offer low trading fees and don’t make you pay any withdrawal or deposit fees.
The BitDD security team is working hard to keep your information safe. They use 2-factor authentication and regularly update their policies and procedures around consumer privacy.
They take the responsibility of managing your data seriously, which is why they’ve committed to storing as little information about you as possible.
- Licensed by the US Treasury Department
- VIP account managers
- Free trading for 90 days
- The welcome reward program of 8888 USDT
- Stablecoins pairs are limited
#4. Coinbase – Best Exchange For Beginners To Buy Terra Luna
Getting started with digital currency should be as simple as possible. With over 100 cryptocurrencies available for exchange and the ability to trade between cryptocurrencies, Coinbase is the world’s most popular way to buy, sell, and securely store digital currency.
For buying Terra Luna, simply visit the Coinbase website, select a cryptocurrency to buy, enter how much you want to purchase, and then confirm your payment details. Once that’s done, it’s all smooth sailing from here!
Coinbase is one of the most secure software wallets available, and it’s perfect for making traders and investors feel secure while they make trades.
It allows you to lend or borrow your cryptocurrency holdings to earn interest on your digital asset holdings. Lending out either Terra or Luna is not currently possible, but staking Luna to the Terra blockchain is feasible to earn rewards.
With a slick interface, mobile app, and support for most cryptocurrencies, Coinbase makes it easy to get hold of your first set of Terra Luna tokens.
About The Company
With 98+ million users and $256 billion in assets, Coinbase is one of the most popular cryptocurrency exchanges in the world. The company was founded in 2012 to buy and sell Bitcoin.
Coinbase has become one of the most well-known crypto companies in the world, supporting dozens of different cryptocurrencies. Besides, it boasts a global employee base of more than 4,900 people. While the company is decentralized, it doesn’t have any main headquarters.
Coinbase is a global cryptocurrency platform, with users in over 100 countries and trading exceeding $309 billion per quarter. Besides, it helps you to manage your cryptocurrency easily and efficiently by joining 13,000 financial institutions.
The company has a suite of products designed to help you start, manage, and track your cryptocurrency portfolio. Coinbase offers trading on two different platforms, as well as the standalone Coinbase wallet. These include Coinbase and Coinbase Pro.
Coinbase is one of the biggest cryptocurrency exchanges and offers trading of more than 100 cryptocurrencies on its platform. Coinbase regularly adds new coins to its list and lists tokens for almost every crypto asset on the market.
Some of the most popular ones include Terra Luna (LUNA), USD Coin (USDC), Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Litecoin (LTC), Shiba Inu (SHIB), etc.
Coinbase and Coinbase Pro, two platforms offered by Coinbase, allow you to receive, send, and trade cryptocurrencies. Each of these platforms offers unique features like different payment methods, trading limits, fees, and more.
Coinbase is easy to use and has a simple interface, making it a good choice for beginners. It’s available online or through mobile apps for Android and iOS devices.
The Coinbase platform is very similar to that of most online brokerages. When you sign up for an account, you can see your Coinbase portfolio on the main dashboard, and you can buy and sell currency with just a few clicks.
Cryptocurrency markets never close. You can enter trades at any time of day or night and pay for your purchases using available funds. Besides, you can also pay directly via a linked card or bank account.
You may have to pay a fee when you buy cryptocurrency on your credit card, depending on the price of the crypto. Be aware that your deposit may be delayed while your bank verifies your payment.
Coinbase Pro is a powerful new tool that’s available to professional Coinbase users. You can access it from your Coinbase account, or the Coinbase website.
While many of the features on this platform are for professional traders, anyone can use it, opening up a range of new possibilities.
Coinbase does not advertise its prices and fees. The only way to see an accurate estimate of how much a transaction will cost is to enter it into the trade screen, at which point you’ll be shown a breakdown of your total costs.
Knowing what fees you can expect on Coinbase can be confusing. However, fees range from $10 to $200 starting from $0.99 to $2.99.
Note that if your trade is worth more than $200 the flat rate fee changes into a percentage-based fee. Besides, Coinbase also charges 1.49% to 2% fees depending on the deposit method you choose. Still, ACH transfers are free of cost.
Coinbase takes security seriously and employs state-of-the-art security measures to keep customers’ assets safe.
However, the risk is still inherent in any type of internet-connected device, so it’s important to abide by online practices and protect your Coinbase account information.
Coinbase has a strict cold storage policy, in which 98% of all customer assets are held offline in cold storage. Only the small amount needed for immediate transactions is stored online in secure servers, reinforced by digital and paper backups.
Two-factor authentication is an additional step that helps protect your account from hackers. It’s an automated security process that requires you to enter a special code sent to your phone or email when you log into Coinbase.
So, your Coinbase account is safe as long as you use strong passwords and limit access to your mobile phone or email account.
- Buy Terra Luna with credit and debit cards
- Built-in crypto wallets
- Offer Luna staking
- High processing and spot trading fees
#5. Binance – Best For Terra Luna Trading
Binance is our go-to exchange if you plan to make money off of trading Terraluna. That’s because Binance has a low overall cost structure when compared to other exchanges and offers a great user experience.
The advanced trading platform also means that you can quickly make trades and execute strategies that can help you profit in the markets.
The Binance exchange lets you trade various cryptocurrencies and provides a detailed view of the Terra Luna order book. You can stay on top of market trends, view charts, and indicators, economize on time by setting alerts and even monitor trading volumes for a fast grasp of the situation.
About The Company
Binance is a cryptocurrency exchange that launched in 2017. It mainly focuses on altcoin trading and has quickly become one of the largest in the world.
The company is headquartered in Hong Kong and flaunts a user base of over 90 million users. The Binance user base spans over 180 countries worldwide.
Binance is the world’s largest cryptocurrency exchange by volume and has made crypto trading possible for millions of people around the world.
With access to a huge library of crypto coins and tokens, it offers crypto-to-crypto trading in 500+ cryptocurrencies and virtual tokens. These include Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and Litecoin (LTC). Besides, Binance also offers its own token Binance Coin (BNB).
Binance has everything you need from an altcoin exchange. It offers a variety of crypto-to-crypto pairs, as well as options for depositing fiat money and withdrawing funds to a bank account.
The Binance user dashboard is simple, clear, and intuitive. With the ability to view real-time charts, trade history, and transaction details, there’s no way not to be comfortable with trading on the platform.
On Binance’s fiat markets, there are many crypto-to-fiat pairings available. The platform supports multiple trading currencies and offers both basic and advanced trading interfaces.
Binance offers leveraged margin, derivatives, OTC, and peer-to-peer trading options to all traders, making it the most diverse choice for all types of users.
Binance offers two primary interfaces for spot trading: “Convert” and “Regular.” The Convert interface is the simpler interface, while the Regular interface offers a full range of features, including charting, different order types, and even trade history.
If you’re new to cryptocurrency trading, the “Convert” interface is a great place to start. It’s simple to use and doesn’t require any knowledge of day trading or technical analysis.
If you want to swap between coins straight away, simply select your desired currency pair from the menu, enter the amount you want to exchange, and hit ‘Buy’ or ‘Sell’ – it’s that easy!
Margin trading is a powerful tool to help you generate results faster by betting on the movements of the cryptocurrency market. If you already have coins in your margin account, you can trade against them to gain even more profit.
Binance’s margin trading lets you trade with leverage of up to 10x, which increases the size of each trade you can make. But it also increases your potential losses quickly.
Binance has two margin trading options: isolated margin and cross margin. Cross margin, which risks your entire margin account balance. An isolated margin restricts your potential losses to a single trading pair.
However, this feature is not available to users of Binance US (a U.S.-based website that offers a limited range of services).
Limit, market, and stop-limit orders are the three basic types of trade orders you can use when trading on Binance.
Binance offers Limit Orders for traders who prefer to have their orders executed if and only if the price hits a predetermined level.
Market orders are best for buying or selling digital assets at their current market price. When you place a market order, you purchase or sell the equivalent number of coins you want immediately and at the best available price.
Stop-limit orders become valid orders only when the price reaches a specified level. If you have selected a stop-limit order and set the stop price below the current market price, your order will be placed after there is a trade at the set limit price.
If you want to get the most out of your trading, Binance features a range of other tools, platforms, and services. They include the following:
Binance Visa Card
The Binance Visa Card is a credit card that lets you spend the value of your cryptocurrency on everyday purchases.
The card converts cryptocurrency into fiat currency, so it’s easy to use wherever major credit cards are accepted. Although the conversion is free of any administration fees, there may be third-party fees such as payment network fees.
Binance has launched a new staking platform called Binance Earn. The exchange will allow users to earn a percentage of fees collected by the exchange in return for locking up their stablecoins, including USDT.
Binance Smart Pool
Binance smart pool allows miners to manage their hash power and switch between cryptocurrencies. This enables miners to get better returns for their mining efforts.
Binance US is a digital asset exchange that was launched in 2019 to allow US customers to buy and sell cryptocurrencies with their US dollars.
This platform offers the same benefits as its global counterpart, including a focus on security and speed, but with the added benefit of USD deposits directly into your trading account.
With low fees capped at just 0.1%, it’s ideal for those looking to trade Bitcoin and other digital assets using the US dollar (USD). The platform also carries most of its core trading features – including high liquidity, security, and ease of use.
Binance has a very attractive fee structure and is extremely popular with users. The platform allows traders to make excellent profits. Spot trading fees start at 0.1%.
Binance offers lower rates to elite traders with 30-day large trading volumes via their VIP level system. Their best deals are available to high-volume traders, such as 0.02%/0.04% for maker orders and taker orders at Binance VIP level 9.
Binance offers a lower fee for futures traders of 0.02%/0.04% for VIP level 0 maker and taker orders. Besides, there are the lowest fees amongst other exchanges with 0.00%/0.01% for the largest trading volume VIP level 9 traders.
- Supports staking Luna
- Have Terra Luna order the book
- 0.10% fees on each spot trade
- Not beginner-friendly exchange
What Is Terra Luna?
Terra is a blockchain platform for creating stablecoins and cryptocurrencies. These make it easy for users to buy and sell stablecoins within Terra, as well as create applications that access the stablecoin market directly without needing to worry about central bank pegging or exchange rates.
Terra enables a new breed of user-friendly financial products that allow users to have near-instant access to liquidity with their funds. It also provides companies and individuals with better pricing on loans and capital markets.
Its mission is to build the world’s most scalable cryptocurrency platform that makes it easy to create crypto or fiat tokens with full reserve backing.
Terra and Luna are two cryptocurrencies that operate on the Terra blockchain. Terra supports multiple fiat currency versions including the USD, GBP, and JPY.
Luna operates on the blockchain as the means to transact using the built-in smart contract technology in the Terra ecosystem. Luna’s also mined when you validate transactions on the Terra blockchain, which keeps prices stable for its stablecoins.
So, Terra is an algorithmically-controlled cryptocurrency that’s designed to remain stable and trustworthy. However, there is some skepticism surrounding Terra Stablecoin. It is because, unlike other stablecoins, FIAT currency or any physical asset such as gold does not back it.
Instead, algorithmic stablecoins are smart contracts that compute the amount of LUNA that needs to be bought or sold to keep Terra’s stablecoins pegged at their value.
For example, if the price of TerraUSD drops to $0.95 and then back up to $1, a program running on the blockchain will burn a set number of tokens from the supply. This can make tokens less scarce, causing the price to increase back to $1.
In 2022, the LUNA stablecoin experienced a large spike in supply, causing it to lose 99% of its value in only a few days. This is when TerraUSD announced that they had ‘de-pegged’ from the former stablecoin. This event caused investors to sell the coin and caused panic amongst investors.
Today, people are fleeing from the Terra ecosystem. However, the situation is not that bad given how much the economic forces are working against LUNA’s peg.
Thus, if the peg were to hold and TerraUSD were to re-peg, it would still have a chance to recover most of its existing value over time. At the same time, LUNA may be on the verge of crashing against the USD rather than recovering.
What Makes Terra Luna A Good Investment?
While Terra Luna may not be one of the most well-known digital assets in the market right now, it has gained a large amount of attention over the past few years. With small audit trails and a focus on security, this is an asset that many investors are looking to invest in.
Here are some reasons why you should consider buying Terra Luna right now.
Terra Luna is in the business of making it easier for blockchains and payment systems to interoperate.
Terra Luna and Chainlink have partnered to bring the world’s most trusted data feeds to smart contracts.
Thus, it is leveraging Terra’s decentralized infrastructure to allow anyone to securely connect their data to any IoT device, payment system, or blockchain.
The importance of Terra’s Luna token continues to rise and with this deal, it is more valuable than ever. As Terra makes more deals like this one, Luna will become increasingly important. Thus, Terra could regain investor confidence by becoming one of the best-decentralized finance coins.
Interest From Staking
For many cryptocurrencies, the price of tokens is expected to grow over time. This means that if you buy them, you hope they will cost more in the future.
In contrast, the price of Terra Luna tokens tends to stay the same and only increases if users want to purchase more features on the platform.
Terra operates using a blockchain. This is a continuously growing list of records, what we call blocks, which are linked and secured using cryptography.
Terra makes Proof of Stake (PoS) transactions possible. This means that you’ll need to stake Luna tokens to make your transactions go through on the blockchain.
Every time a transaction is verified in the Luna ecosystem, you earn Luna tokens/interest. The more Luna tokens you have staked, the more rewards you will earn with each verified transaction.
In fact, you will earn interest just for holding Luna tokens in your wallet.
So starting with Terra Luna can be a great opportunity for investors even if prices don’t go up.
Price Volatility Effects
Terra Luna was one of the most impressive cryptocurrencies to come onto the market in 2021. In just one year, it gained over 14,000%.
There were numerous reasons for this meteoric rise, but in general terms, one can link Terra Luna’s popularity to its stability, security, and innovation.
Investors have shown their excitement for Terra Luna by bidding up the company’s stock price.
While many LUNA believers are doubtful that it will ever regain its value, others believe that LUNA could gain more attention and interest from the general population.
Opportunities For Arbitrage
Terra Luna is built on a stable and unique blockchain, with two stablecoins available on the platform. This enables you to take advantage of the structure of Terra Luna and find arbitrage opportunities as well.
TerraUSD will have a fixed face value of USD. This means that if the price rises above its face value, you can buy Luna and burn it to mine TerraUSD. Then you can sell your newly minted TerraUSD for more than its face value—and keep the difference!
Since you burn Luna when you convert it from one currency to another or make an exchange transaction, you can use this arbitrage opportunity to earn extra cash.
While it’s still too early to say if TerraUSD will ever trade at $1, given the overall stability and liquidity of the asset, there is certainly scope for this to happen.
Decentralized Finance Growth
Terra Luna’s technology was built to be decentralized, enabling anyone to build on top of Terra’s infrastructure. This means that lenders and borrowers have access to a well-engineered stablecoin infrastructure that you can use in a wide range of applications.
With the expansion of DeFi, Terra has a real opportunity to be a major player. However, recent events have shaken faith in their ability to operate within space. If they can rebuild confidence, there is potential for growth in the future.
Price Of Terra Luna
Over the past year, Terra Luna’s price has fluctuated wildly. At the start of 2021, the Luna token was worth less than $1. By the end of that year, its value had increased to $100 per token.
Terra Luna’s price hit a low of just under $47 per LUNA coin during the first month of 2022. The dropping price was attributed to significant fluctuations in the Terra currency market, which ultimately led to the de-pegging of TerraUSD.
After that point, LUNA continued to drop until May 2022. It is now trading at around $1.31. Luna Coin has a market cap of $167.5 million and is the 125th largest crypto in the world. This gives it plenty of room to grow, at only a fraction of other larger coins.
Terra Luna Price Prediction
The price of Terra (LUNA) for the year 2023 is likely to be around $2.25-$3.78. LUNA cryptocurrency can be seen to demonstrate some resistance in its movement.
While we cannot say for sure whether the prices would be bullish or bearish, the predictions of analysts point towards 2023 as a year where investors can expect the prices of cryptos to skyrocket.
Any coin held in the portfolio is subject to a high level of risk. The change in the macroeconomic market scenario, policy restructuring, and any other cause for the coin to lower its performance will result in significant changes in the industry scenario.
The Terra price prediction puts LUNA on par with the average major cryptocurrencies in terms of annual growth rates. By 2023, Terra tokens can reach a minimum price level of $2.25, while $3.02 is the maximum price level for LUNA.
Methods Of Buying Terra Luna
Terra Luna is available to purchase with fiat currencies and cryptocurrencies. You can purchase Terra Luna directly from the company site or exchange it in the following ways:
With A Debit Card Or Credit Card
If you do decide to buy Terra Luna via credit or debit card, you should be aware of the high fees inherent in these types of transactions (usually 2-5% for credit cards or 1-4% for debit cards).
You can reduce your overall cost and get the lowest possible price for your Terra Luna if you use a crypto exchange that accepts a wide range of cryptocurrencies, transfers in fiat currencies, and offers very low fees.
If you’re looking to fund your account with a credit or debit card, we recommend using eToro as they don’t charge any additional processing fees. Their app also enables you to buy cryptos directly from your smartphone or laptop.
You can purchase Terra Luna by depositing funds into your eToro account via PayPal. Once you have verified your personal information with eToro, you can then fund your account and continue buying Terra Luna.
PayPal does have a crypto exchange and users can deposit funds with their accounts. At the time of writing, the exchange does not offer Terra Luna. So there is currently no way for users to trade with this currency on PayPal’s platform.
Unlike most other crypto exchanges and the only one that has PayPal integration, Terra Luna does not have a gate in its crypto exchange.
Instead, it is through external exchanges such as Coinbase and Binance, where you can send your crypto to an external wallet and then buy Terra Luna there.
Best Terra Luna Wallet
Before you buy Luna, you’ll need a crypto wallet.
- A crypto wallet is a software program that stores private and public keys. These keys allow users to send and receive digital currency and monitor their balance.
- A crypto wallet can be used to store any cryptocurrency, as long as it supports the type of currency you’re using. If you want to use Terra Luna, Bitcoin, or Ethereum, then you’ll need a specific crypto wallet.
- Crypto wallets are also sometimes referred to as digital wallets, which makes them sound more like conventional wallets that hold cash.
However, these wallets do not hold any money or other assets on their own. Rather, they are just software programs that allow you to interact with a digital asset (in this case, cryptocurrency) through your computer or mobile device.
A hot wallet is a crypto wallet that is connected to the internet and can be accessed at any time. Hot wallets are best for storing small amounts of cryptocurrency, such as your day-to-day spending money.
Hot wallets have advantages over cold wallets in that they are easy to use, accessible from anywhere, and can be used to buy things online.
However, they also have disadvantages: because they are connected to the internet, hackers can access them more easily than cold wallets.
A cold wallet is a digital wallet that stores cryptocurrency offline and away from the internet. This can be done with a USB drive or other form of external storage, or by using a paper wallet.
Cold wallets are generally considered to be more secure than hot wallets, which store cryptocurrency on devices connected to the internet.
These wallets do not expose your private keys to hackers. Instead, you must input your private key into the device for it to perform any transactions.
They’re an excellent choice for long-term storage because they don’t require any maintenance or upkeep. This makes them less vulnerable to hackers than hot wallets but still more vulnerable than hardware wallets.
The disadvantage is that they are less convenient since you need to transfer your funds from your cold wallet to your hot wallet before making transactions.
A hardware wallet is a physical device that stores your cryptocurrency offline, usually in the form of a USB drive. It’s like a credit card or debit card, except it stores cryptocurrency instead of money.
When you purchase cryptocurrency, you can use a hardware wallet to store it offline. This way, if you’re ever hacked (or if someone steals your computer), they won’t be able to steal your funds because they were stored on the hardware wallet.
Hardware wallets are also used to access your funds when you don’t have an internet connection (say, because you’re traveling).
The most common type of hardware wallet is a USB device that plugs into your computer’s USB port. You can also buy wallets that connect to your smartphone via Bluetooth or NFC.
Our Recommendation – eToro Terra Luna Wallet
The eToro Money wallet app is a trusted financial software solution that lets you store, send and receive hundreds of different cryptocurrencies including Terra Luna.
We highly recommend this wallet for its secure and easy-to-use features which can make transferring tokens easier than ever before.
With a simple and secure user experience connecting to the eToro Cryptocurrency Exchange and Wallet, users can quickly buy, sell and swap cryptocurrencies.
So, head to Google Play or Apple App and download the eToro Money app today for free and transfer your investments from other leading exchanges.
A Tutorial On How To Buy Terra Luna
Once you’ve selected a brokerage, it’s time to get started. The process of purchasing Luna at eToro, our favorite crypto exchange, is straightforward.
If you’re not familiar with eToro, it’s very similar to the stock exchanges and markets. A lot of the same rules and processes apply.
To help you get started we broke down how to buy Luna at eToro so that you can trade on the exchange and join their premium community!
Step 1: Open An eToro Account
eToro has a user-friendly signup process that lets you open a free account in less than five minutes.
All you need to do is enter your email and choose a username and password. Then enter personal details such as your name, address, and phone number.
Next, upload a copy of your driver’s license or passport to verify your identity.
Step 2: Deposit Funds
eToro has strict requirements for account verification, but the site is fast and responsive. Deposits are quick, with a minimum of $10 required for US and UK residents.
Depositors can make deposits by credit card, debit card, Skrill, Neteller, PayPal, or bank transfer. The minimum deposit amount at eToro is $10. But keep in mind that if you are depositing via bank transfer or wire transfer rather than a credit card, your minimum amount will be $500. All in all, there are no fees for depositing.
Step 3: Search For Terra Luna
To start trading the LUNA, use the search box on your eToro dashboard to enter its ticker – LUNA. When you see Terra Luna appear in the results, click Trade to open a new order form.
Step 4: Buy Terra Luna
If you are wanting to purchase Luna coin, enter the amount of US dollars you want to purchase.
You can choose whether to set a stop loss or take a profit level for your trade. This helps manage your risk by limiting the amount of investment that could be lost if the price changes suddenly.
If you are investing in Terra Luna for the long term, leave these blank. Once you’ve clicked Open Trade, your purchase will be complete.
How To Sell Terra Luna?
The Terra Luna digital token that you can buy and sell on exchanges. You can buy Luna with cryptocurrency (namely Bitcoin, Ethereum, or Litecoin). And you can sell Terra Luna for any of those cryptocurrencies as well.
To sell LUNA, you need to follow the same process of buying it on the exchange app. However, instead of clicking on buy, select the sell option.
When you sell a cryptocurrency, your funds will be available in your exchange account. Then, you can use them to purchase another cryptocurrency or withdraw them.
FAQs On Terra Luna
What Is The Terra Luna Coin?
Terra Luna is a decentralized stablecoin system that combines two cryptocurrencies, Terra and Luna.
These 2 cryptocurrencies are complementary components in the Terra Luna ecosystem: terra is a series of stablecoins with increasing degrees of stability, whereas luna is a governance token one can use to mine terra.
Who Is The Owner Of Terra Luna?
Kwon Do-Hyung, or simply Do Kwon, is a South Korean entrepreneur who co-founded Terraform Labs. He serves as the company’s CEO and is an advisor to several decentralized projects in Asia.
What Is The Best Exchange For Terra Luna?
Exchanges can be confusing, so we’ve done our best to make them simple! We chose the best exchanges on our list that are available to trade Terra Luna on. These include eToro, Crypto.com, BitDD, Coinbase, and Binance.
How Can I Buy Terra Luna Coins?
To buy Terra Luna coins, you’ll need to open an exchange wallet with a supported currency. Many popular exchanges like eToro are supporting Terra Luna and allow you to buy their coins on your exchange wallet.
What Is The Current Worth Of Terra Luna?
Terra Luna is currently worth USD 119.18 million at market price.
Is Terra Luna A Good Investment?
With current market conditions, it is safe to assume that Terra Luna is a good investment. With growing revenue and positive cash flow likely to be at $2.25-$3.78, a steady increase in revenue over the next five years will make this an excellent investment.
How Many Terra Luna Coins Are There?
Terra Luna has 6.0 trillion LUNA coins in circulation. Besides, there are two types of Terra Luna coins, Terra Classic (LUNC) and Terra Luna 2.0.
Where Can I Stake Terra Luna?
To stake Terra Luna, you can choose one of the best crypto exchange wallets on our list.
Terra Luna Or Bitcoin, Which One To Buy?
Terra Luna is better to buy because its price is more stable than Bitcoin, and its value will not decrease so much for investors.
Conclusion: Where Can I Buy Luna Terra Crypto?
Terra Luna is a cryptocurrency that is intended to be the foundation of a new ecosystem called Terra, which will include other Terra Luna tokens and smart contracts.
The main goal of the Terra project is to build a decentralized economy but at the same time give users complete control over their data.
Therefore, in this guide, we have talked about the best cryptocurrencies and places to buy Terra Luna in 2023. We have walked you through the complete overview of each exchange and platform in addition to the pros and cons.
Our favorite and one of the major exchanges for Terra Luna is eToro. It caters to both casual and professional investors, with a variety of trading instruments including cryptocurrencies, commodities, and stocks.
Reference Links For Terra Luna:
- The official Terra website: https://terra.money/
- The Terra project on GitHub: https://github.com/terra-project
- A detailed explanation of Terra and Luna from the Terra team: https://medium.com/terra-money/terra-a-stabilized-payment-network-dd46d3e9a941
- A Wikipedia article on stable coins: https://en.wikipedia.org/wiki/Stablecoin