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How to buy TerraUSD (UST) in South Africa
Learn how to buy TerraUSD (UST) easily by following a step-by-step guide and compare 10+ crypto exchanges.
How to buy TerraUSD
Look for an exchange that supports both fiat and cryptocurrency to simplify buying TerraUSD.
- Open an account on an exchange that supports UST.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- 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 TerraUSD.
- Buy TerraUSD.
Complete your TerraUSD purchase and then find the best wallet to store UST.
What is TerraUSD?
TerraUSD is a Korean stablecoin built on the Terra network. It is pegged 1:1 with the US dollar. Stablecoins are pegged to a steady asset and are useful for crypto holders during periods of market volatility. US dollar stablecoins allow cryptocurrencies to be traded without needing to convert to and from USD fiat currency. Stablecoins can also capture the benefits of decentralised finance (staking and other rewards) without experiencing the volatility that can come with other cryptocurrency tokens. According to the TerraUSD blog, the project aims to solve the issues typically related to stablecoins. These include scalability and interoperability. UST is a prominent interchain coin, meaning that it operates across a number of blockchain protocols (e.g. Solana, Terra and Ethereum). This is accomplished by a bridging protocol known as ‘Dropship’, inspired by the video game StarCraft. The bridging protocol allows UST to be distributed across a broad spectrum of decentralised finance applications. Through its interchain capabilities, Terra wants the token to be a building block for the future success of the entire cryptocurrency ecosystem. The coin can be staked, swapped and liquidity farmed on decentralised exchanges (DEXs) and can also be used to buy and sell goods/services on supported websites that utilise the PaywithTerra initiative.
TerraUSD (UST) is the 28th largest cryptocurrency in the world by market cap, valued at $7,634,653,553. The current price of TerraUSD is $1.01, which is 0.583% higher than yesterday. Prices have ranged between $1.01 and $0.971842 over the past 24 hours. All prices are listed in US dollars and accurate as of December 01, 2021 01:12 UTC.
Where to buy TerraUSD
Find an exchange to buy, sell and trade UST by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Is it a good time to buy TerraUSD?
The technical analysis gauge for TerraUSD displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of TerraUSD based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of TerraUSD: moving averages, oscillators and pivots. Finder is not responsible for how UST performs.
TerraUSD at a glance
|Total UST supply||7,577,315,024|
|All time high||US$1.09|
TerraUSD price performance over time
How to sell TerraUSD
You can cash out your UST with the same exchange you bought it through:
- Sign in to the exchange you have UST on.
If you store your TerraUSD in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of UST you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of TerraUSD.
What to consider when buying TerraUSDAll cryptocurrency purchases should be fully evaluated for both risk and potential upside. With regards to TerraUSD (UST), here are a few things to consider.
- Competition. Stablecoins are prominent throughout the cryptocurrency ecosystem. Tether USD (USDT) and USD Coin (USDC) own the lion’s share of the stablecoin market. UST is in direct competition with them. What sets TerraUSD’s token apart is its interchain capabilities. The tokens success will largely depend on whether other stablecoin protocols develop similar cross-chain functionality in the future.
- Use-case. Investing in a stablecoin is different to buying a volatile cryptocurrency, like Bitcoin. The purchase will not be a speculative investment with the hope that the token’s value will go up. Barring a major exploit or bug, TerraUSD will always remain pegged to $1. The UST token is primarily used to access lower fees on transactions, staking or to avoid volatility.
- Interoperability with dApps. Thanks to the associated ‘Dropship’ bridge, a major advantage of UST is its interoperability. For continued success and increased adoption, Terra will need to develop compatibility with new and existing platforms in the DeFi ecosystem.
TerraUSD (UST) in news
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Disclaimer: Cryptocurrencies, including TerraUSD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of UST 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 TerraUSD or any other cryptocurrency discussed.
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