Search coin, exchange
Currency
$-USD
Language
English
Login

How to buy Terra(LUNA) on Binance

Updated on: 2024-11-10 03:32:14(UTC+0)
In this tutorial we will talk about:
1
How to buy Terra(LUNA)
2
How to redeem USDT with a credit card and then exchange it into Terra(LUNA)
3
How to buy Terra(LUNA)with a debit card
4
Buy Terra(LUNA)Quickly
5
What can you do with Terra
6
Market stats to help you decide if it is a good time to buy Terra
7
How to Safely Store Your Terra

How to buy Terra(LUNA)

How to buy cryptocurrency on an exchange

Investing in Terra(LUNA)has never been easier! Registering on an exchange, verifying your account, and paying via bank transfer, debit or credit card, paired with a secure cryptocurrency wallet, are the most widely accepted methods of acquiring cryptocurrencies. Here’s a how-to guide on how to buy cryptocurrency on an exchange.

Step 1: Register on Binance (click the link to register)

Step 2: Identity Verification—Submit KYC information to verify your identity

Please verify your identity to ensure full compliance and enhance your experience with complete identity verification. You can go to the identity verification page, fill in your country, upload your ID, and submit your selfie. You will receive a notification and once your ID has been successfully verified, you can start transactions by binding your bank card or credit card.

How to redeem USDT with a credit card and then exchange it into Terra(LUNA)

Step1:Click to buy Crypto, first select your country, then click Card

Step2:Select Add Payment Method in the lower right corner and select the credit card applicable to you to fill in the information and bind it, for example: Wise, Visa, etc.

Step3:Click Trade and find the P2P option, select the corresponding payment method and select the appropriate merchant to complete the transaction.

Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Terra (LUNA), and purchase it. Token.

How to buy Terra(LUNA)with a debit card

Step1:CardClick to buy Crypto and select a card

Step2:Select Add Payment Method in the lower right corner, and select the debit card applicable to you to fill in the information and bind it, such as: Payeer, ABA bank, TowerBank, etc..

Step3:Click Trade and find the P2P option, select the corresponding payment method and select the appropriate merchant to complete the transaction.

Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Terra (LUNA), and purchase it. Token.

Buy Terra(LUNA)Quickly

Step1:Click to buy Crypto and select a card

Step2:Enter the amount of Terra(LUNA)you want

Step3:Click p2p to purchase

Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Terra (LUNA), and purchase it. Token.

About Binance

logo
Binance

What Is Binance?

Binance is the world’s largest crypto exchange by trading volume, with $76 billion daily trading volume on Binance exchange as of August 2022, and 90 million customers worldwide. The platform has established itself as a trusted member of the crypto space, where users can buy, sell and store their digital assets, as well as access over 350 cryptocurrencies listed and thousands of trading pairs. The Binance ecosystem now comprises of Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT and more.

Who Are the Binance Founders?

The global company was co-founded in China by Changpeng Zhao and Yi He. A Chinese-Canadian developer and business executive, Changpeng Zhao, who goes by CZ, is the company's CEO. He studied at McGill University Montreal and had a successful track record as an entrepreneur. His past experiences include Head of Bloomberg Tradebook Futures Research & Development team, founder of Fusion Systems and Head of Technology at Blockchain.com.

Yi He is CMO at Binance and Head at Binance Labs, the company’s venture capital arm. Yi was previously Vice President at a leading mobile video tech company, Yixia Technology, and co-founder of digital asset exchange OKCoin.

When Did Binance Launch?

Binance was launched in June 2017, and within 180 days grew into the largest cryptocurrency exchange in the world.

Binance Restricted Countries

Under the Binance Terms of Use, restricted locations include the United States, Singapore and Ontario (Canada). However, some countries have restricted usage or features might be limited due to regulatory reasons, including but not limited to, China, Malaysia, Japan, UK and Thailand. Futures and derivatives products are also not available in Germany, Italy and The Netherlands. In September 2019, a separate dedicated platform for US clients, Binance.US, was launched.

How Much Are Binance Fees?

The platform is user-friendly and one of the cheapest with a huge selection of transaction types and an advanced set of trading tools for experienced investors. It charges based on a tiered system, from regular users to VIP 9. For regular users, a 0.10% maker taker fee is charged for spot trading. In July 2022, Binance announced zero-fee trading for BTC spot trading pairs, and in August for ETH/BUSD pair.

Is It Possible To Use Leverage or Margin Trading on Binance?

Traders can borrow funds and participate in margin trading on Binance Margin, which allows trading cryptocurrencies with up to 10X leverage. Users can also use derivatives products such as Binance Futures, settled in USDT, BUSD or other cryptocurrencies and Binance Options to leverage on their trades.

How to buy Terra in other countries?

Anywhere Binance exchange is available, you may easily purchase Terra (LUNA) with the lowest costs and maximum security. To begin purchasing Terra in the country of your choice, enter your country's name in the search box below:

What can you do with Terra

pic
Store/Hold Terra
Many users hold on to their Terra with the expectation of it increasing in value. You can store your LUNA safely on your Binance account or on our crypto wallet app Wallet, the most user-friendly and secure mobile wallet.
pic
Trade Terra
You can trade Terra for 150+ cryptocurrencies on Binance exchange's industry-leading, fast, and secure trading platform. Binance offers many trading pairs for Terra trading to meet your needs.
pic
Send Terra
Yes, Binance allows you to easily transfer value around the world, fast. You can buy Terra online and send to anyone and anywhere with their Terra address.
pic
Spend Terra
You can also buy goods and services with your Terra. More and more vendors and retailers accept Terra every day.
pic
Donate Terra
Binance accepts Terra donations from institutions to support global projects aimed at improving the lives of the underprivileged billion. You can donate Terra to ensure that no one misses out on the growth brought by blockchain.
pic
Learn More About Terra
You can read more in-depth articles on Terra from Binance Research and study how cryptocurrencies like Terra work on Binance Academy.

Market stats to help you decide if it is a good time to buy Terra

Perhaps all you need to know is more about it. Allow us to take you through some of the most fascinating Bitcoin Facts from Binance Academy articles in a quick manner. Find out now why people purchase Terra!

Terra is an open-source public blockchain with a vibrant and constantly expanding ecosystem of applications. Users can build applications and organizations on Terra using cutting-edge development tools or simply connect wallets to try existing applications. At the core of the Terra ecosystem is the cryptocurrency LUNA, which users can use to pay transaction fees when interacting with various applications, earning rewards, purchasing digital art, or participating in community governance voting activities. Terra is permissionless and borderless, allowing anyone with an internet connection to access its next-generation financial products.

How to Buy LUNA

1. How to Buy LUNA on Exchanges

Step 1: Choose a reputable exchange platform

Select a trustworthy platform from numerous exchanges to make your purchase. Some trusted platforms include Coinbase, Binance, OKX, among others.

Step 2: Register an account

Create an account on the chosen exchange platform. You may need to provide personal information (such as phone number, email) to complete the registration process.

Step 3: Complete identity verification

For security reasons, some platforms may require you to undergo identity verification. Follow the platform's instructions, providing necessary identity information (such as country/ID number) and undergo facial recognition if prompted. Once your identity is confirmed, you'll receive notification.

Step 4: Link your bank or payment method

Link your bank account or other payment methods to the exchange platform for making payments when purchasing LUNA.

Step 5: Purchase LUNA

Find the option to buy coins on the exchange platform, select the C2C buying process, then input the amount of cryptocurrency you wish to purchase. Typically, you'll choose to buy USDT first and then proceed with the purchase method. Simply place your order, make payment to the seller, and you'll receive the cryptocurrency. Once the payment is completed, you can use your exchange assets to buy LUNA.

Step 6: Store your LUNA

After purchase, you can choose to store LUNA in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.

Step 7: Security Tips

To protect your exchange account and LUNA assets, it's essential to use strong passwords and enable two-factor authentication.

How to Buy LUNA via Over-the-Counter (OTC) Trading

Over-the-counter (OTC) LUNA trading occurs directly between buyers and sellers, bypassing exchanges or other intermediaries. Here are the general steps for OTC LUNA trading:

Step 1: Find an OTC trading channel

Start by finding a reliable OTC trading platform or service provider. These platforms typically offer online marketplaces or ways to connect with brokers for trading.

Step 2: Register an account

Sign up for an account on the chosen OTC trading platform. You may need to provide some personal information (phone/email) to complete the registration process.

Step 3: Complete identity verification

For security purposes, some platforms may require you to undergo identity verification. Follow the platform's instructions to provide necessary identity information (nationality/ID) and undergo facial recognition or other verification steps.

Step 4: Browse the trading list

After logging into your account, browse through the platform's trading list to find LUNA trades that interest you. You can choose trades based on the trader's reputation rating, trade volume, price, and payment methods.

Step 5: Select a trading partner

Once you find a suitable trade, click to enter the trading page and carefully review the trader's terms and conditions. Ensure you understand and agree to the trader's requirements, such as trade amount, payment method, trade time, etc.

Step 6: Negotiate trade details

After reaching an agreement with the trader, you can negotiate trade details such as trade amount, payment method, trade time, and location.

Step 7: Make payment

According to the agreement reached with the trader, use the chosen payment method to pay the LUNA purchase amount to the seller.

Step 8: Confirm receipt

Once the trader confirms receiving your payment, they will release LUNA to the LUNA address you provided. You can check your LUNA wallet balance after the trade to confirm its success.

3. How to Buy LUNA through Decentralized Exchanges (DEX)

Buying LUNA on decentralized exchanges (DEX) differs from purchasing other cryptocurrencies on centralized exchanges. Here are the general steps for buying LUNA on DEX:

Step 1: Choose a LUNA-supporting wallet

Create a new wallet supporting LUNA assets, then select a decentralized exchange that supports LUNA.

Step 2: Connect your wallet

Before using the DEX, you need to connect a wallet supporting the LUNA blockchain. You can connect your wallet to the selected DEX via browser extension or mobile application.

Step 3: Deposit funds

In your wallet, select deposit and choose the asset you want to deposit (such as stablecoins). Follow the wallet prompts to complete the deposit process.

Step 4: Find the trading pair

Search or browse for the LUNA trading pair on the DEX. Typically, you can find a search box or a list of trading pairs on the exchange's homepage or trading interface.

Step 5: Place an order

Once you find the LUNA trading pair, you can choose between market or limit orders and input the quantity you want to purchase. Ensure you input the correct price and quantity in the order, then confirm the order.

Step 6: Wait for the trade to execute

Your order will be submitted to the LUNA blockchain and wait for confirmation and execution by miners. Once the order is executed, you will receive the purchased LUNA, which you can view in your wallet balance.

Step 7: Withdraw funds

After completing the trade, you can choose to withdraw the purchased LUNA to your wallet for safer storage of your digital assets.

4. Official Channels for LUNA Project Team or Community

Sometimes, the LUNA project team or community may launch official channels for direct LUNA purchases. This may include private placements, presales, or other forms of direct sales.

LUNA Cash Price: The price fluctuates daily, with the highest price recorded at $10.5517 as of March 30th.

Recommended Exchanges: Binance, OKX, Bybit.

Stay on top of crypto. All the time, any time.

Subscribe

How to Safely Store Your Terra?

The Binance wallet offers the most reliable and industry-leading security for risk management, where Terra can be safely kept. To begin holding a Terra wallet, register on Binance exchange.

FAQ

Q
How do I purchase Terra?
A
Nowadays, you can purchase & store Terra hassle free on exchange. You can use your credit card, bank transfer or perform peer-to-peer trade to buy Terra. You can easily do it on your computer, tablet or iOS or Andriod phone.
Q
Can I buy $1 worth of Terra?
A
Typically, you can purchase $1 worth of Terra, but it depends on the exchange and the cryptocurrency you choose. Some exchanges allow minimum amount transactions, while others may have restrictions on the minimum transaction amount. It is advisable to check the trading rules and minimum transaction amounts when selecting an exchange and cryptocurrency.
Q
Where can I still buy Terra?
A
You can still buy Terra on various cryptocurrency exchanges. Some popular exchanges where you may find Terra include OKX, Binance, Coinbase, Kraken, and Huobi. Be sure to check the availability of Terra on these platforms and consider factors such as trading pairs, fees, and security features before making a purchase.
Q
Where is the best place to buy Terra?
A
The best place to buy Terra depends on factors such as your location, preferred payment method, and trading preferences. Some popular options for buying Terra include reputable cryptocurrency exchanges like Binance, Coinbase, Kraken, and Huobi. It's recommended to compare features such as fees, supported trading pairs, security measures, and user interface to determine which platform aligns best with your needs. Additionally, you may consider peer-to-peer trading platforms or decentralized exchanges for alternative options.
Q
Can I view the Terra chart now?
A
Of course, CoinMapAi not only provides information on how to buy Terra, but also supports viewing Terra chart. Click on the link next to it to view the actual rise and fall data.

Market risk applies to any cryptocurrency investment activity, including using Binance exchange to purchase Terra online. While we make every attempt to thoroughly inform our users about every cryptocurrency we offer on the exchange, Binance exchange does not take responsibility for any outcomes that may emerge from your purchase of Terra. Nevertheless, we do offer simple and convenient ways for you to buy Terra quickly. The content on this website is not intended to be construed as endorsing any specific cryptocurrency or way to obtain it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

Exchanges
Up to 50% Rebate
Up to 50% Rebate
Up to 50% Rebate
Surport
Contact Us
Feedback