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How to buy Terra (LUNA) in the US

Learn how to buy Terra (LUNA) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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How to buy Terra

1. Compare crypto exchanges

The easiest way to buy Terra is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, paypal, wire transfer and credit or debit card payments are all widely accepted.

4. Buy Terra

You can now exchange your funds for Terra. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Terra to your personal wallet.

Where to buy Terra

Find an exchange to buy, sell and trade LUNA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

494
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, Wire transfer
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

95
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

190
cryptocurrencies

Buy 165+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

962
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

255
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Compare up to 4 providers

Steps on how to buy Terra

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Terra.

  1. Compare cryptocurrency exchanges that supports LUNA.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Terra.
  4. Buy Terra.
    Complete your Terra purchase and then find the best wallet to store LUNA.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Terra

Key considerations to weigh before you add LUNA to your portfolio:
  • Governance protocol: The Terra platform makes use of a DPoS protocol where users can stake their LUNA tokens in order to facilitate transactions. Also, by virtue of being a PoS blockchain, validators who have staked more LUNA tokens possess a better chance of mining the next block as compared to those who have fewer tokens invested in the platform.
  • Unique price volatility mechanism: Since LUNA stakers/holders are responsible for maintaining the security of the Terra ecosystem, there are certain price volatility risks that are associated with the cryptocurrency. This is primarily due to the fact that the protocol exchanges Terra stablecoins for LUNA at their determined exchange rate so as to balance out their values. Simply put, when demand is high, the platform’s native algorithm automatically sells Terra stablecoins. Conversely, when demand reduces, the algorithm buys Terra stablecoins in exchange for the system’s existing LUNA reserves, thereby mitigating any short-term volatility risks.
  • Fully functional ecosystem: Unlike a number of proposed blockchains that present highly attractive features on paper, the Terra ecosystem is already generating a lot of value for its users. Terra generates more revenue than almost any other blockchain, lagging only Bitcoin and Ethereum.
  • Backing and adoption: The Terra ecosystem was incubated by the Terra Alliance, a conglomerate consisting of 15 e-commerce companies based out of Korea as well as other parts of Southeast Asia. Furthermore, the Terra blockchain is being utilized by one of South Korea’s most popular payment apps, CHAI, which as of March 2021, facilitates around 100,000 transitions daily (worth around $1 million) and boasts a user base of more than 2.3 million users.

How to sell Terra

You can cash out your LUNA with the same exchange you bought it through:

  1. Sign in to the exchange you have LUNA on.
    If you store your Terra in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of LUNA you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Terra.

Disclaimer: Cryptocurrencies, including Terra, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LUNA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Terra or any other cryptocurrency discussed.

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