Where & How to Buy Terra (LUNA) in 2024 Best Places

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Last updated Jun 03, 2024 | 02:56 PM UTC

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Intro

Terra (LUNA) did well during 2021, but it drastically collapsed in 2022, pulling investors down and causing fear among the crypto community.

Today, LUNA is recovering and might be on a path to regain its former glory. Still, Terraform Labs, the company behind LUNA filed for bankruptcy in the US. Invest in LUNA at your own risk.

If you’re still interested in learning how to buy LUNA, start by discovering the best crypto exchange that matches your investing style.  

Then register and verify your identity, connect a payment method and you’re ready to invest. 

Read more details below.
 
 

Key Takeaways

 

  • LUNA has suffered a drastic collapse, but it still may be worth investing in
  • The best way to buy LUNA is via centralized exchange
  • Crypto wallets, P2P platforms, and OTC desks are alternative places to buy LUNA
  • Terra ecosystem offers DeFi applications that enable yield farming, lending, and borrowing at competitive yields

 

How to Buy Terra (LUNA) - Step-by-Step

The best way to buy Terra is on a centralized cryptocurrency exchange. 

Start by creating an account, verifying your identity, and depositing funds. 

Then, locate the LUNA trading pair and place a buy order at your desired price.

Detailed steps on how to buy LUNA on a crypto exchange are provided below.
 

  • Step 1: Choose a crypto exchange
  • Step 2: Create an account
  • Step 3: Secure your account
  • Step 4: Verify your identity
  • Step 5: Add a payment method
  • Step 6: Place your order
  • Step 7: Check the payment details and fees
  • Step 8: Store and manage LUNA

 

Step 1: Choose a Crypto Exchange

Before selecting a crypto exchange, determine your investing needs and which crypto you want to buy. Consider your preferred payment methods, trading options, and how much you wish to invest.

Seek safe crypto exchanges with features like two-factor authentication (2FA), cold storage for most funds, and strong encryption protocols. 

Also, look into those with a solid track record of security measures.

When looking around, explore the user interface. 

Test out the user interface of different exchanges to see which one you find most comfortable and easy to navigate.

For example, Kraken and Coinbase are great for new investors while KuCoin is known as a complex platform geared towards experienced crypto traders.

Ensure that the exchange you choose complies with relevant regulations in your country or region. 

Look for exchanges that are licensed and regulated by reputable authorities. 

Different exchanges have different fee structures for trading, deposits, and withdrawals. 

Compare the fee schedules of various exchanges and choose one that offers competitive rates and transparent fee structures.

Liquidity is essential for smooth trading. 

Choose an exchange with high trading volume and liquidity for Terra Luna. Kraken might be a solid choice.

Look for exchanges that offer responsive customer service to address any issues or concerns you may have. 

Check reviews on websites like Trustpilot and forums like Reddit to measure the quality of customer support provided by each exchange.

Look for reviews, ratings, and feedback from other users to assess the trustworthiness and reliability of the platform.

Ensure that the exchange supports Terra Luna. Some exchanges have a wider selection of coins and trading pairs than others and you might be able to trade LUNA paired with your favorite coin.

Consider the deposit and withdrawal options that each exchange offers. 

This includes fiat currency support and payment methods such as bank transfers, credit/debit cards, and cryptocurrency deposits/withdrawals.

Some exchanges offer additional features such as margin trading, futures trading, staking, lending, and advanced trading tools like trading bots. 

Evaluate whether these additional features align with your trading strategy and preferences

Finally, pay attention to dispute resolution procedures.
 

Step 2: Create an Account

To create an account on a crypto exchange, sign up using your email address or mobile phone number. 

Then, specify your country of residence.

If the exchange is available in your location, you can proceed with registration. 

Afterward, the platform will ask you to generate a strong password

This step is crucial to safeguard your assets and secure your account.
 

Step 3: Secure Your Account

Besides making a strong password, improve the security of your account by turning on Google 2FA, and using an anti-phishing code. Additionally, you can set up a unique trading password.
 

Step 4: Verify Your Identity

Upon creating your account, undergo a verification process. It requires submitting identification documents like a passport or driver’s license.

This process ensures compliance with Know Your Customer (KYC) regulations

In addition, the exchange might ask you to provide proof of address, such as a utility bill or bank statement. 

The KYC can take from several minutes to several days, depending on the exchange’s verification methods. 

By verifying your identity, you secure sole access and control over your payment information, preventing unauthorized use or changes.

You also unlock all features on the platform and in most cases, get increased deposit and withdrawal limits.
 

Step 5: Add a Payment Method

To add a payment method, start by verifying your account, then link a credit/debit card or bank account. 

Keep in mind that direct bank transfers usually incur no fees, making them the most cost-effective option. 

However, prepare for fees associated with credit and debit card transactions, and note that some card issuers may restrict such payments.
 

Step 6: Place Your Order

To place your order for Terra Luna, navigate the trading section and locate the trading pairs. 

Typically, crypto platforms pair cryptos with popular cryptocurrencies like Bitcoin or Ethereum, so your trading pair might look like this – LUNA/BTC.

You might also find LUNA paired with fiat, like EUR or USD.

Then, input the amount of LUNA you wish to buy and review the current market price.

After confirming the order details, proceed to place the buy order.

Depending on the exchange, you may have the option to set specific parameters such as limits or market orders.

A limit order will buy LUNA at a desired price. It will take longer to execute than the market order, which buys LUNA at the current market price.

Market order also works similarly to an instant buy feature, where you can buy Terra at current price immediately. 
 

Step 7: Check the Payment Details and Fees

Confirm your payment within the specified timeframe to secure the current market price for your order.

Failure to do so may result in automatic recalculation based on updated rates.

Remember to follow the on-screen instructions to complete your payment process. These are similar across exchanges.

Once confirmed, the crypto exchange will transfer your purchased LUNA to your designated crypto wallet.
 

Step 8: Store and Manage LUNA

After acquiring LUNA, focus on storing and managing your investment.

You have several options for storage, including personal crypto wallets or current exchange accounts.

Additionally, you can explore opportunities for diversification by trading LUNA for other cryptocurrencies or staking it for passive income.
 
 

Where to Buy LUNA - Best Places

The best place to buy Terra Luna is through a centralized crypto exchange, which offers convenience and liquidity, like Uphold or Binance.

You can also purchase LUNA via crypto wallets, P2P Platforms, cryptocurrency ATMs, decentralized exchanges, OTC desks, and crypto-to-crypto swapping services.
 

  • Centralized crypto exchanges
  • Crypto wallets
  • Peer-to-peer (P2P) platforms
  • Cryptocurrency ATMs
  • Decentralized exchanges
  • Over-the-counter (OTC) desks
  • Crypto-to-crypto swapping services
  • Terra validators or staking providers
  • Terra community groups and forums

Best Sites

Established in 2011, Kraken is a trusted cryptocurrency exchange renowned for its longevity and diverse trading interfaces, catering to a broad user base.

General Information

Year founded: 
2011
Coins Available: 
Bitcoin
Ethereum
Tether
Polkadot
Chainlink
Cardano
Bitcoin Cash
Litecoin
Uniswap
USD Coin
XRP
Aave
Stellar
Tezos
Curve DAO Token
Algorand
Monero
Synthetix
Dai
Filecoin
Compound
EOS
The Graph
Cosmos
Keep Network
ICON
yearn.finance
TRON
Qtum
Dash
Basic Attention Token
Zcash
Kusama
OMG Network
Waves
Nano
Dogecoin
Enzyme
Decentraland
Kava.io
Ethereum Classic
Orchid
Kyber Network
Storj
Siacoin
Lisk
Aragon
PAX Gold
Gnosis
Balancer
tBTC
Augur
0x
1inch
Aavegotchi
Acala Token
Adventure Gold
Akash Network
Alchemix
Alchemy Pay
Alien Worlds
Ambire AdEx
Ampleforth Governance Token
Ankr
APEcoin
API3
Aptos
Arbitrum
ARPA Chain
Astar
Audius
Avalanche
Aventus
Axie Infinity
Badger DAO
Bancor
Band Protocol
BarnBridge
Biconomy
Bifrost
BitDAO
Blur
Bluzelle
BitTorrent Chain
Boba Network
Bonfida
Bonk
r/FortNiteBR Bricks
Cartesi
Celer Network
Celestia
Centrifuge
Chain
Chiliz
Chromia
Civic
Coin98
Convex Finance
COTI
Covalent
Dent
dYdX
Energy Web Token
Enjin Coin
Ethereum Name Service
Euler
Fantom
Fetch.ai
Flare
Flow
Frax Share
Gala
Galxe
Gari Network
GensoKishi Metaverse
Gitcoin
GMX
Green Satoshi Token
Harvest Finance
Hashflow
IDEX
iExec RLC
Immutable
Injective Protocol
Internet Computer
Jasmy
JITO
JUNO
Karura
Keep3r BSC Network
KeeperDAO
KILT Protocol
Kin
LCX
Lido DAO Token
Livepeer
Loopring
Maker
Mango
Marlin
Marinade Staked SOL
Mask Network
Merit Circle
Mina
Mirror Protocol
Moonbeam
Moonriver
r/CryptoCurrency Moons
Multichain
MultiversX
My Neighbor Alice
MXC
NEAR Protocol
Numeraire
NYM
Ocean Protocol
Optimism
Orca
Origin Protocol
OriginTrail
Oxygen
PayPal USD
Pepe
Perpetual Protocol
Phala.Network
PlayDapp
Polkastarter
Polygon
Power Ledger
PYTH Network
Quant
Radicle
Rarible
Raydium
Ren
Render Token
Request
Robonomics.network
Rocket Pool
Rubic
Saber
Samoyedcoin
Secret
Sei
Selfkey
Serum
SHIBA INU
Shiden Network
Solana
Songbird
Spell Token
Stacks
Stafi
Star Atlas
Star Atlas DAO
Stargate Finance
Stella
Step Finance
STEPN
Sui
SuperRare
SuperVerse
SushiSwap
Swipe
Synapse
Terra 2.0
Terra Classic
TerraClassicUSD
Terra Virtua Kolect
Tether EURt
The Sandbox
THORChain
Threshold
TrueFi
TrueUSD
Unifi Protocol DAO
UMA
WOO Network
Wrapped Bitcoin
WETH
Yield Guild Games
Altair
Basilisk
Crust Shadow
Genshiro
HydraDX
Integritee
Interlay
Kintsugi
LimeWire
Nodle
Parallel Finance
Picasso
Polygon Ecosystem Token
pSTAKE
Tokemak
Wrapped Axelar
Website Languages: 
Chinese
English
Filipino
French
Italian
Japanese
Portuguese
Russian
Spanish
Turkish
Ukrainian
Vietnamese

Anonymity

As a registered US exchange, Kraken strictly adheres to KYC & AML laws, prohibiting the creation of anonymous accounts and ensuring regulatory compliance.

Reputation

With one of the best reputations in the industry, Kraken holds the distinction of being the only crypto company worldwide to secure an SPDI banking license.

Pros and Cons

Supports hundreds of coins
High liquidity
Simple and user-friendly interface
Good customer support options
Lots of advanced trading features like margin, futures, and indices trading
No insurance fund for assets on the platform
Doesn’t offer a crypto credit card
No personal wallet service for traders
Supports only a few fiat currencies

OKCoin crypto exchange is a well-established platform providing access to a variety of digital assets for traders globally, with a focus on offering fiat-to-crypto trading pairs.

General Information

Year founded: 
2014
Coins Available: 
Bitcoin
Ethereum
Tether
Dai
Stacks
Bitcoin SV
USD Coin
yearn.finance
Bitcoin Cash
Litecoin
STASIS EURO
Uniswap
Compound
Hedera Hashgraph
Polkadot
TRON
Celo
Ethereum Classic
Celo Dollar
USDK
1inch
Aave
Cardano
Adventure Gold
Algorand
Aragon
APEcoin
API3
Arweave
Astar
Cosmos
Avalanche
Axie Infinity
Badger DAO
Bancor
Blockchain Brawlers
Chiliz
Clover Finance
Crypto.com Coin
Curve DAO Token
Convex Finance
dHedge DAO
DIA
Dogecoin
dYdX
Elrond
Enjin Coin
Ethereum Name Service
Flow
Flare
Ampleforth Governance Token
Fantom
Gala
Aavegotchi
The Graph
Internet Computer
ICON
Immutable
Kadena
Kyber Network
Keep3rV1
Kusama
PlatON
Lido DAO Token
LINK
Livepeer
Loopring
Terra
Terra Classic
MAGIC
Decentraland
Mask Network
Polygon
MetisDAO
Mina
Maker
Numeraire
Harmony
Optimism
Perpetual Protocol
Phala.Network
Ravencoin
The Sandbox
Stader
SHIBA INU
SKALE Network
Smooth Love Potion
Synthetix
Solana
Spell Token
Storj
SushiSwap
Tellor
UMA
TerraClassicUSD
WAX
Wrapped Bitcoin
Wing Finance
Stellar
Nano
Tezos
DFI.Money
Zcash
Horizen
Zilliqa
0x

Anonymity

OKCoin enforces KYC verification procedures, mandating users to undergo identity verification to access trading services.

Reputation

OKCoin is recognized for its strong reputation, known for its reliable platform, liquidity, and compliance with regulatory standards.

Pros and Cons

Very low trading fees
Offers advanced trading services and features like futures and margin trading
Very high liquidity
Fiat currency deposits and withdrawals
Top level security
A lower number of cryptocurrencies on offer when compared to other big exchanges
A lower number of crypto pairs on offer
Requires level 2 verification before you can withdraw
Comes only in the English language
Fraudulent insurance claim

Gemini, established in 2014, is a reputable cryptocurrency exchange founded by the Winklevoss twins. It offers a secure platform for users to buy, sell, and store various digital assets.

General Information

Year founded: 
2015
Coins Available: 
Bitcoin
Ethereum
Uniswap
Chainlink
Litecoin
Aave
Bitcoin Cash
Curve DAO Token
Synthetix
Compound
yearn.finance
Ren
Zcash
Maker
Decentraland
Filecoin
Dai
PAX Gold
0x
Amp
Balancer
Basic Attention Token
Orchid
UMA
Kyber Network
Storj
Dogecoin
Tezos
Solana
Polkadot
Avalanche
XRP
Cosmos
Gemini Dollar
USD Coin
Tether
Helium
Samoyedcoin
STEPN
Zebec Protocol
Ankr
APEcoin
API3
Arbitrum
Axie Infinity
Blur
Chiliz
Cryptex Finance
Dogelon Mars
Ethereum Name Service
Ethernity Chain
Fantom
Fetch.ai
GALAXIA
Geojam Token
Immutable
Injective Protocol
IoTeX
Lido Staked ETH
Lido DAO Token
Livepeer
Loopring
Mask Network
Pepe
Polygon
Galxe
Push Protocol
Qredo
Quant
Render Token
SHIBA INU
SKALE Network
Stargate Finance
SuperRare
SushiSwap
Terra
The Graph
The Sandbox
Wrapped Ethereum
GHO
Alethea Artificial Liquid Intelligence Token
Somnium Space

Anonymity

Gemini enforces strict KYC and AML protocols. Users undergo identity verification and maintaining transparency in accordance with legal standards.

Reputation

Gemini has earned a positive reputation for its emphasis on security, regulatory adherence, and user-friendly experience.

Pros and Cons

Trading on all major cryptocurrencies, plus USD
An investment program with a large annual interest
Gemini Pay supports cryptocurrency payments in stores
Exchange is properly certified, regulated and licensed
Lots of educational resources for users
Not beginner-friendly trading terminal
Limited customer service
Complicated add-on fees
Higher fees than some other exchanges
Operates with only USA license

Binance US, launched in 2019, is a prominent cryptocurrency exchange catering to the American market with a wide array of trading pairs and advanced features.

General Information

Year founded: 
2019
Coins Available: 
Tether
Ethereum
Bitcoin
Cardano
Chainlink
Uniswap
XRP
VeChain
Binance USD
Matic Network
Litecoin
Stellar
Algorand
Compound
Elrond
Tezos
Zilliqa
Hedera Hashgraph
Binance Coin
Maker
Solana
USD Coin
ICON
Bitcoin Cash
Horizen
OMG Network
Helium
Band Protocol
IOTA
EOS
Cosmos
Basic Attention Token
Nano
Neo
Dash
Decentraland
Dogecoin
VeThor Token
Zcash
Kyber Network
Waves
0x
Harmony
Orchid
Qtum
Dai
Ontology
Ravencoin
Ethereum Classic
Augur
Storj
PAX Gold
Polygon
Polkadot
SHIBA INU
TRON
Avalanche
Filecoin
Aptos
Lido DAO Token
TrueUSD
NEAR Protocol
Quant
Internet Computer
APEcoin
The Graph
Fantom
Aave
MultiversX
Flow
Immutable
THETA
Axie Infinity
The Sandbox
Optimism
Curve DAO Token
Synthetix
Render Token
Loopring
Mask Network
Threshold
Kava Lend
Ankr
Balancer
yearn.finance
Fetch.ai
Celo
1inch
Enjin Coin
Theta Fuel
Gala
Astar
Kusama
Ethereum Name Service
Audius
SushiSwap
Golem
Kadena
Ocean Protocol
Biconomy
Alchemy Pay
FLUX
Livepeer
SKALE Network
WAX
Celer Network
Illuvium
DigiByte
Lisk
API3
Syscoin
Gitcoin
Stargate Finance
Smooth Love Potion
Ren
Numeraire
Polymesh
Request
Galxe
Cartesi
Radicle
Aragon
Bancor Network Token
Prometeus
COTI
Marlin
Spell Token
My Neighbor Alice
Loom Network
Alien Worlds
Reef
StormX
Mines of Dalarnia
Origin Protocol
Ampleforth Governance Token
LTO Network
SuperRare
League of Kingdoms Arena
DIA
BarnBridge
Clover Finance
Voxies
Alpine F1 Team Fan Token
VITE
Santos FC Fan Token
FC Porto Fan Token
Oasis Network
MIOTA
iExec RLC
Lazio Fan Token

Anonymity

In adherence to US regulations, Binance US implements robust KYC and AML procedures, requiring users to undergo identity verification and ensuring compliance with legal standards.

Reputation

Binance US has established a reputable presence in the American crypto landscape. It's known for its reliability, regulatory compliance, and commitment to providing a secure trading environment.

Pros and Cons

Very low trading fees
Lots of educational resources available
So fast that it processes 1.4 million orders per second
High liquidity to customers
Attention to security, and constant innovation
Not available in some US states
Fewer crypto to crypto pairs than other exchanges
Lengthy identity verification process
Parent company was hacked in 2019
Limited selection of crypto assets

As one of the pioneers in the cryptocurrency space since 2011, Bitstamp stands out as a reputable exchange. It provides a straightforward platform for users to trade a variety of digital assets.

General Information

Year founded: 
2011
Coins Available: 
Bitcoin
Ethereum
Tether
Solana
XRP
USD Coin
Cardano
Avalanche
Dogecoin
Polkadot
Polygon
Chainlink
Wrapped Bitcoin
SHIBA INU
Dai
Litecoin
Bitcoin Cash
Uniswap
Injective Protocol
Lido DAO Token
Stellar
NEAR Protocol
Hedera Hashgraph
Immutable
Maker
The Graph
Algorand
Aave
Render Token
Fantom
Synthetix
The Sandbox
Axie Infinity
Paxos Standard
Sui
Decentraland
Gala
Chiliz
Curve DAO Token
Fetch.ai
Flare
Nexo
APEcoin
Enjin Coin
1inch
SKALE Network
Ethereum Name Service
Compound
Basic Attention Token
Loopring
OriginTrail
Convex Finance
PayPal USD
0x
yearn.finance
Aragon
SushiSwap
Audius
Band Protocol
Storj
Cartesi
Solar
Gemini Dollar
Amp
UMA
Smooth Love Potion
Kyber Network
Vega Protocol
Stella
Perpetual Protocol
Radicle
Gods Unchained
Maple
Staked Ether
Euro Coin
Rally
EUR CoinVertible
Wecan
DGLD
dYdX
Songbird
Euro Tether

Anonymity

Aligning with regulatory requirements, Bitstamp prioritizes security through KYC and AML procedures. User identities are verified, preventing anonymous account creation.

Reputation

Bitstamp has built a solid reputation over the years, known for its reliability, transparent operations, and commitment to adhering to regulatory standards.

Pros and Cons

An advanced trading platform
Low fees and high liquidity
Supports lots of different payment options
Efficient and dedicated phone and email support
Lots of charting tools
No Live chat customer support
Slow verification process
International wire transfer takes 2 to 5 days to clear
A few number of coins on offer
Was hacked in 2015

Coinbase, a major player since its inception in 2012, is a user-friendly cryptocurrency exchange offering a secure platform for buying, selling, and managing a variety of digital assets.

General Information

Year founded: 
2012
Coins Available: 
Bitcoin
Ethereum
Dogecoin
Tether
Cardano
Polkadot
Bitcoin Cash
Litecoin
Solana
USD Coin
Avalanche
SHIBA INU
Crypto.com Coin
Wrapped Bitcoin
Uniswap
Chainlink
Polygon
Algorand
Stellar
Axie Infinity
Decentraland
TerraUSD
Filecoin
Ethereum Classic
Cosmos
Dai
Tezos
The Graph
EOS
Aave
Loopring
Maker
Enjin Coin
Quant
Chiliz
Zcash
Amp
Dash
Compound
Celo
IoTeX
Curve DAO Token
Basic Attention Token
OMG Network
yearn.finance
SushiSwap
Horizen
Livepeer
Voyager Token
UMA
Ankr
Perpetual Protocol
Synthetix
Bancor
0x
Paxos Standard
Ren
XYO
SKALE Network
Storj
1inch
OriginTrail
Fetch.ai
NuCypher
Polymath
Cartesi
Function X
Numeraire
COTI
NKN
Civic
Orchid
iExec RLC
Badger DAO
Band Protocol
Gala
Rally
PlayDapp
Keep Network
Rari Governance Token
Alchemy Pay
TrueFi
Augur
Orion Protocol
Mirror Protocol
Request
Enzyme
ARPA Chain
LCX
Balancer
DFI.Money
BarnBridge
DerivaDAO
Ampleforth
Tellor
Rarible
district0x
Assemble Protocol
SUKU
Harvest Finance
Kryll
Bounce Token (Old)
mStable USD
Kyber Network
Internet Computer
Origin Protocol
Powerledger
Ethereum Name Service
Jasmy
Tribe
Braintrust
Mask Network
Alchemix
Radicle
Adventure Gold
Clover Finance
QuickSwap (Old)
Gitcoin
Rai Reflex Index
GYEN
Wrapped LUNA
Wrapped Centrifuge
Media Network
BitDAO
Vara Network
Liquid Staked ETH
Wrapped Ampleforth
Binance Coin

Anonymity

Committed to regulatory compliance, Coinbase adheres to strict KYC and AML protocols, necessitating user identity verification and preventing the establishment of anonymous accounts.

Reputation

With a solid reputation, Coinbase is widely recognized for its reliability, ease of use, and regulatory adherence. As a publicly traded company, it holds a position of trust in the cryptocurrency market.

Pros and Cons

Low minimum deposit
Offers a variety of assets
Fast crypto withdrawals
Lists smaller assets before other big exchanges
User-friendly interface with intuitive design
Higher fees than some other exchanges
Support not available on bank holidays
Controls customers' private keys
Restricted to many countries
Doesn't offer many advanced services

The Crypto.com mobile app is a feature-rich platform that provides users with a convenient and user-friendly way to manage their cryptocurrency assets on the go. Offering a seamless experience, the app allows users to buy, sell, and trade a variety of cryptocurrencies.    

General Information

Year founded: 
2016
Coins Available: 
Bitcoin
Ethereum
Polkadot
Chainlink
Cardano
Crypto.com Coin
XRP
Enjin Coin
Elrond
Litecoin
Uniswap
VeChain
Aave
USD Coin
Stellar
ICON
Bitcoin Cash
Tezos
Decentraland
OMG Network
Compound
Curve DAO Token
EOS
yearn.finance
Algorand
Neo
Cosmos
Ren
Band Protocol
Wrapped Bitcoin
Maker
Qtum
Celer Network
Dai
Basic Attention Token
Kyber Network
PAX Gold
The Graph
Loopring
Ontology
Tether
Holo
TrueAUD
TrueGBP
Stacks
TrueCAD
DIA
Cronos
Polkastarter
Raiden Network Token
TrueUSD
Aavegotchi
JOE
USDP Stablecoin
THETA
Convex Finance
TomoChain
Oasis Network
Casper
OG Fan Token
Chromia
Argentine Football Association Token
0x
NEAR Protocol
SC Corinthians Fan Token
Waltonchain
Universidad de Chile Fan Token
Origin Protocol
COTI
Boson Protocol
Coin98
MultiversX
Efinity Token
Illuvium
Raydium
Radicle
XSGD
dYdX
Shiden Network
Filecoin
Safepal
Flow
Moonriver
ARPA Chain
Balancer
Kadena
Perpetual Protocol
Dogecoin
BENQI
Gala
UMA
Immutable
Dogelon Mars
HoDooi.com
Serum
Pendle
Jasmy
Covalent
Bancor Network Token
XYO
Badger DAO
Ethereum Name Service
Moonbeam
Polygon
VVS Finance
Ontology Gas
Kusama
Powerledger
Ethereum Classic
Mines of Dalarnia
Waves
Storj
Harmony
Theta Fuel
Biconomy
Dash
Orchid
Ravencoin
VeThor Token
Gods Unchained
Komodo
Zilliqa
Ark
Chiliz
TrueFi
Ardor
Solana
Spell Token
Stratis
Livepeer
Hedera Hashgraph
Nano
Amp
SuperVerse
Lisk
Enzyme
DappRadar
Golem
Helium
API3
Klaytn
Arweave
Keep Network
Render Token
Mina
Vulcan Forged PYR
BarnBridge
Tectonic
Smooth Love Potion
Boba Network
Quant
IDEX
Mask Network
Keep3rV1
Siacoin
Beefy.Finance
Songbird
Augur
IOST
Polymath
NuCypher
Gitcoin
Ocean Protocol
Rally
Ankr
Fetch.ai
Quickswap
Avalanche
Bluzelle
Binance Coin
Reserve
Nervos Network
My Neighbor Alice
Contentos
Harvest Finance
aelf
Synthetix
PlayDapp
Marlin
SKALE Network
Orion Protocol
Gas
Numeraire
Frax Share
IRISnet
SushiSwap
DeRace
Kava.io
NKN
IoTeX
Paxos Standard
THORChain
Yield Guild Games
HUSD
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Anonymity

If you use the Crypto.com wallet for storing your cryptocurrencies, your wallet address and transaction history can be viewed on the blockchain. However, this information is typically not directly linked to your personal identity on the Crypto.com app. If you buy cryptocurrencies with a credit or debit card on Crypto.com, the transaction may be associated with your card details and identity.    

Reputation

Crypto.com has generally maintained a positive reputation in the cryptocurrency industry. It has gained credibility by adhering to security standards, obtaining necessary licenses, and implementing features to protect user funds.    

Pros and Cons

Extensive list of supported cryptocurrencies
Transparent and competitive fees
Hardware wallet support for Crypto.com wallet
With their Visa cards, you can spend your crypto and earn rewards
Easy to purchase NFTs on the platform using either fiat or certain cryptos
Higher fees for those who don't hold and use CRO
Poor customer service
Confusing trading fee discounts tiers
Lack of educational resources
Slow in-app live support

DisclaimerThe information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.
 

1. Centralized Crypto Exchanges - Recommended Method

A centralized crypto exchange is an online platform that facilitates the trading, buying, and selling of digital assets.

It's a virtual marketplace where users swap digital tokens for different cryptocurrencies or fiat currencies.

These exchanges typically provide custodial services, meaning they hold users' funds in their wallets.

This setup ensures convenient trading but requires users to trust the exchange's security measures.

Consequently, centralized exchanges often promote high liquidity, enabling quick order execution with minimal price changes.

Most of these platforms prioritize user-friendliness and offer easy-to-use interfaces suitable for investors with varying levels of technical knowledge.

Additionally, they offer a wide range of cryptocurrencies. This allows users to access and trade numerous digital assets within a single platform and diversify their portfolio.
 

2. Crypto Wallets

A digital crypto wallet is a mobile app, desktop client, or hardware device that functions as a secure storage for cryptos and private keys.

Many of these wallets have features that let you buy cryptocurrencies directly in their interface. 

This involves connecting a payment method such as a bank account or credit/debit card.

To buy LUNA on a crypto wallet, make sure that it supports Terra. For example, Ledger Wallet requires that you install the Terra app.

Then, link your preferred payment method, if you haven't already done so.

Within the wallet interface, select LUNA and specify your desired amount for purchase.

Furthermore, you should review the transaction details, including associated fees and exchange rates, before you confirm the purchase.

Sometimes, these wallets will use a third-party payment processor and you’ll have to verify your ID and payment details again.

In this case, just follow the instructions within the app, and the wallet will return you to the purchasing page once you complete the verification process.
 

3. Peer-to-Peer (P2P) Platforms

A peer-to-peer (P2P) exchange operates as a decentralized platform enabling direct trading among individuals without intermediaries. 

This distinguishes it from conventional exchanges.

In this setup, buyers engage in trades according to their preferences, enjoying decentralized control and autonomy.

Transactions occur securely across blockchain networks. 

Anonymous validators, known as miners, authenticate and validate trades. 

This ensures continuous operation and autonomy for users without central oversight.

To buy LUNA on a P2P platform, sign up, find a seller, negotiate terms, and confirm the trade.

Follow the seller's payment instructions, receive LUNA in your platform wallet, and then transfer it to a secure wallet.
 

4. Cryptocurrency ATMs

A crypto ATM is a standalone machine. It enables investors to convert fiat currency into cryptocurrency without relying on traditional financial institutions.

These internet-connected terminals offer an alternative route for purchasing and selling cryptocurrency.

To buy LUNA on a crypto ATM, locate one that supports Terra purchases. 

Then, verify your identity (if necessary), select the "buy" option, and pick LUNA from the available cryptocurrencies list.

Afterward, specify your desired purchase amount. Do this by either depositing cash or using a credit/debit card as a payment method.

Review the transaction details, including fees and exchange rates. Then, transfer your purchased LUNA to a secure wallet to prioritize its security.

Upon completing the transaction, you will receive a confirmation receipt. Keep this as evidence of your purchase.

In case the crypto ATM doesn’t support Terra, you’ll have to buy another crypto, then exchange it for Terra later.
 

5. Decentralized Exchanges

Decentralized exchanges (DEXs) represent P2P platforms where cryptocurrency traders engage in direct transactions without relying on an intermediary to manage their funds.

These transactions occur via self-executing agreements encoded as smart contracts. 

Essentially, traders interact with these smart contracts on the blockchain when utilizing DEXs. 

They work with trades, not individuals like they would on P2P platforms.

DEXs come in three primary categories: 
 

  • Automated Market Makers (AMMs)
  • Order Book DEXs
  • DEX Aggregators

Developers created AMMs as a solution to liquidity challenges, employing smart contracts and liquidity pools to facilitate trading.

Order Book DEXs maintain comprehensive records of open orders for buying and selling assets across specific asset pairs.

Finally, DEX Aggregators employ various protocols and mechanisms to address liquidity-related issues by utilizing multiple platforms. 

DEXs are ideal if you prefer a level of anonymity while trading crypto.
 

6. Over-the-Counter (OTC) Desks

Over-the-counter (OTC) desks serve institutional or high-net-worth individuals looking to buy large amounts of cryptocurrency.

OTC trading offers personalized service for larger transactions and may involve minimum purchase amounts.

To purchase LUNA on the OTC market, begin by researching reputable OTC desks or brokers. Always exercise caution and verify the credibility of the desk to ensure a safe transaction.

Contact them to negotiate terms, including price, payment method, and settlement time.

Complete any necessary KYC verification and agree on transaction details.

Follow the instructions to send payment, and once confirmed, receive LUNA in your designated wallet.
 

7. Crypto-to-Crypto Swapping Services

Crypto-to-crypto swapping services allow you to exchange one cryptocurrency for another.

To buy LUNA using a crypto swap service, first, choose a reputable platform. 

Then, create an account and deposit funds using popular digital assets like Bitcoin or Ethereum.

Navigate to the trading section, find the LUNA trading pair matching your deposited cryptocurrency, and place an order for your desired amount of Terra.

Review the transaction details, execute the trade, and monitor its progress.

Once completed, consider withdrawing your LUNA to a secure wallet.

Remember to always prioritize your security and stay informed about market trends and investment risks.
 

8. Terra Community Groups and Forums

Community platforms like social media forums, Telegram, or Discord dedicated to Terra offer channels that assist in direct trades of LUNA beyond standard exchanges.

Join reputable cryptocurrency groups on platforms like Reddit or Discord. Verify sellers' credibility within these communities and use escrow services for security.

Secure communication channels and avoid sharing sensitive information.

If meeting in person, choose safe, public locations. Also, start with small transactions to minimize risk.

Be skeptical of overly enticing deals and high-pressure tactics and double-check wallet addresses before sending funds. 

Moreover, stay informed about the latest scams and fraud tactics in the cryptocurrency space.
 
 

Alternative Ways to Buy LUNA

Are you searching for other options on how to buy LUNA Coin?

PayPal offers a user-friendly interface that facilitates smooth transactions. 

Telegram gets you in direct contact with sellers and trading bots. 

Finally, credit and debit cards act as a familiar way to buy LUNA.

All of these options have different benefits and can accommodate multiple preferences.
 

PayPal

At the moment, PayPal doesn’t allow direct LUNA purchase. Instead, you’ll have to buy another crypto, send it to an exchange, then trade it for Terra.

To purchase crypto with PayPal, start by logging into your PayPal account and navigate to the "Crypto" section.

Next, select the preferred crypto from the list of available cryptocurrencies and input your desired amount to purchase.

Confirm the transaction wait for crypto to reach your PayPal wallet. 

Now move the crypto you bought to an exchange (send the crypto you got to a corresponding wallet) and find a trading LUNA trading pair.

Set the order and wait for it to execute to receive Terra.

Alternatively, visit a crypto exchange that supports PayPal as a payment method. Deposit funds to your PayPal account, then use it to deposit funds to the exchange. 

Now, use the exchange to buy LUNA.
 

Telegram

If you're wondering how to buy Terra Luna on Telegram, follow these easy steps. 
 

  1. Join a trusted cryptocurrency group or channel 
  2. Reach out to a verified seller or exchange representative
  3. Confirm their credentials for security
  4. Negotiate the purchase terms, transfer the funds securely, and wait the Terra Luna tokens to reach your cryptocurrency wallet

 

Credit/Debit Card

It is simple to buy Terra Luna using your credit or debit card through a payment processing service.

Start by selecting the amount of LUNA tokens you wish to purchase and proceed to the checkout page. 

Then, enter your card details, including the card number, expiration date, and security code.

Once you've verified the transaction, confirm the purchase. 

You might have to pass an ID verification, depending on which payment service you use. This process is similar to KYC on the centralized exchanges.
 
 

How to Store LUNA

Storing Terra Luna involves safeguarding your digital assets effectively by utilizing hot and cold wallet solutions. 

Hot wallets offer convenience for frequent transactions. Meanwhile, cold wallets provide enhanced protection against hacking. 

Employing a combination of these wallets ensures accessibility and safety for your Terra Luna holdings.
 

Hot Wallets

To store Terra Luna in a hot wallet, choose a reputable wallet compatible with LUNA, like Crypto.com.

Next, create a new wallet or import an existing one, ensuring to securely back up the private key.

If you create a new wallet, you’ll be given a series of randomly generated words (seed phrase). You’ll use these to recover your wallet in case something happens to your device. 

Finally, transfer your LUNA tokens into the wallet address provided.

Remember to send only LUNA token to the LUNA token address. Sending any other coin will result in you losing the coin.

You should also pay attention to the network you’re using. LUNA tokens might not appear in your wallet unless you switch to the proper network.
 

Cold Wallets

Cold wallet storage of Terra Luna is a wise security precaution.

To start, get a trustworthy hardware wallet like Trust Wallet.

Then, set up the wallet and keep the recovery seed safely.

Next, move your LUNA tokens to the cold wallet address from exchanges.

For added security, confirm the transaction and keep the wallet offline when you’re not using it.
 
 

Why Should You Buy LUNA? What is it Good For?

Investing in Luna has numerous advantages for both experienced traders and newbies to the cryptocurrency industry. 

Terra's LUNA, is used for blockchain governance. Users can stake LUNA to help validators (miners) confirm transactions. 

At the same time, the other token Terra acts as a stablecoin. Its supply increases to match the market demand. 

Additionally, users are incentivized to mint Terra to maintain its price and burn LUNA to increase its price.

This stability is attractive to people seeking to safeguard against the risks built into traditional cryptocurrencies.

Besides, Terra's ecosystem includes new DeFi applications that enable yield farming, lending, and borrowing at competitive annual percentage yields.

Furthermore, Terra's low transaction fees and fast trading periods make it an effective solution for both small and large-scale transactions.

Beyond financial benefits, Terra supports a vision for a more decentralized and inclusive financial system. 
 

 

Why Trust Us?

At CryptoManiaks, our credibility in the cryptocurrency space is anchored in our dedication to research and transparent communication.

Prioritizing clarity and accessibility in our discourse, we ensure that our insights are comprehensible to anyone who wants to learn how to buy LUNA.

We avoid difficult terminology. Instead, we favor plain explanations, resulting in a better understanding of complex concepts.

We aim to provide our audience with the information they need to make well-informed decisions.

Furthermore, we maintain a policy of full transparency regarding any potential conflicts of interest. This demonstrates our commitment to the highest ethical standards.

Frequently Asked Questions

What features does LUNA offer?

LUNA, a revolutionary digital currency, offers a plethora of cutting-edge features that make it a standout in the cryptocurrency market. Firstly, LUNA boasts a highly secure and decentralized blockchain network, ensuring that transactions are transparent and resistant to hacking or manipulation. Additionally, LUNA incorporates advanced smart contract technology, allowing for the creation and execution of complex agreements without the need for intermediaries.

What are the requirements for buying LUNA?

You must be at least 18 years old and have a valid government-issued identification document. Additionally, you will need to have a verified cryptocurrency exchange account that supports the trading of LUNA. Lastly, it is recommended to have a basic understanding of blockchain technology and cryptocurrencies to navigate the buying process smoothly. 

What is the maximum amount of LUNA I can buy?

The maximum amount of LUNA one can buy is determined by various factors, including market liquidity, individual exchange limits, and regulatory restrictions. As of the current market conditions in [current:year], there is no specific maximum limit on the amount of LUNA that an individual can purchase. This means that you can theoretically buy as much LUNA as you desire, provided you have the necessary funds and comply with any applicable regulations. It's important to note that while there may not be a maximum limit, it is always advisable to exercise caution and conduct thorough research before making any significant investment decisions.

What are the fees associated with buying LUNA?

There is typically a transaction fee charged by the exchange platform where you purchase LUNA. This fee can vary depending on the platform and the amount of LUNA being bought. Additionally, there might be network fees associated with transferring funds to the exchange or wallet where you plan to buy LUNA. These fees are usually determined by the blockchain network and can fluctuate based on network congestion. Lastly, some platforms may charge a withdrawal fee if you decide to move your LUNA to an external wallet for added security. 

Where can I get the best rates for buying LUNA?

When it comes to finding the best rates for buying LUNA, there are a few key factors to consider. Firstly, it's important to research and compare different cryptocurrency exchanges that offer LUNA trading. Look for reputable platforms with a strong track record and positive user reviews. Additionally, keep an eye on market trends and fluctuations in LUNA's price, as this can impact the rates offered by exchanges. Consider peer-to-peer trading platforms, where you can directly connect with other individuals looking to buy or sell LUNA.

Where can I compare different platforms for buying LUNA?

When it comes to comparing different platforms for buying LUNA, there are several reliable sources you can turn to, starting with our toplist of exchanges that support LUNA trading. You can also google the best LUNA exchanges and check out the first few that pop up.

Written by

Rica was a local news writer in the Philippines from 2011 to 2019. During the 2020 COVID pandemic, she fell in love with cryptocurrency and expanded her writing expertise to blockchain, NFTs, Web3, and FinTech. She is also well-versed in the financial markets, specializing in daily market news and price predictions. When she’s not writing, you’ll find her singing and dancing to K-Pop music!

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