Where To Buy Terra (LUNA) Cryptocurrency

Last Updated June 1st 2022
18 Min Read

The best places to buy Terra (LUNA) with top exchanges

Terra LUNA was one of the best-performing cryptocurrencies in early 2022 – with the popularity growing significantly. This has resulted in Terra LUNA becoming a top-15 cryptocurrency in terms of market capitalization. 

However Terra has dropped significantly in the few days and it lost over 99% of its value in May 2022. 

If you believe that this is the right digital token for your portfolio, this guide will explain how and where to buy Terra LUNA in under five minutes with a regulated exchange.

How To Buy Terra (LUNA) – Quick Guide

If you are looking to buy Terra LUNA with low fees in 2022, you're not alone. You’ll be amazed, therefore, to know how easily you can buy Terra LUNA right now via the eToro exchange. Follow the quickfire guide below to learn how to buy LUNA crypto in a matter of minutes:

  • Step 1: Open an eToro Account – For verification, eToro requires a driving licence or passport and a copy of a utility bill. Once uploaded, eToro will quickly approve your account.
  • Step 2: Deposit Funds – you can fund your eToro account with a debit or credit card, PayPal, Skrill, Neteller or bank transfer. You will need a minimum deposit of $10 to start trading Terra (LUNA).  
  • Step 3: Search for Terra – go to the search bar on the eToro dashboard and type in LUNA or Terra. 
  • Step 4: Buy Terra (LUNA) – Finally, decide on how much money you want to invest in Solana. Then click ‘Open Trade’ to confirm. 

That’s it! By following these easy steps, you can invest in Terra crypto in less than 5 minutes.

 

buy terra

Where To Buy Terra LUNA Crypto – Best Places

You need to decide where to buy Terra (LUNA) before you complete your purchase. As a top potential crypto most demanded cryptocurrency based on google search, dozens of crypto exchanges list this famous coin.

The best place to buy Terra (LUNA) is through one of the cryptocurrency exchanges reviewed below.

  1. eToro – Overall Best Place to Buy Terra LUNA
  2. Coinbase – Best Place to Buy Terra (LUNA) at Low Fees 
  3. Binance – Buy Terra LUNA on the world’s largest exchange
  4. Crypto.com – Best Place to Buy Terra (LUNA) Securely

 

Best Exchanges To Buy Terra LUNA Crypto

Are you researching where to buy Terra LUNA in 2022? You’re in the right place. In this article, we will inform you about the best places to buy Terra LUNA crypto, their pros and features, and the important information provided will direct you to the top cryptocurrency exchanges that suit your crypto investing needs.  

Where To Buy Terra LUNA Cryptocurrency

Now there are many platforms and exchanges offering the Terra LUNA crypto on their websites. With that in mind, We have been able to shortlist the best exchanges to buy Terra through and the winners are eToro, crypto.com, Coinbase, and Binance, 

But what are the best places to buy Terra LUNA crypto? We picked these top exchanges:

1. eToro - Overall Best Place to Buy Terra (LUNA)

buy terra on etoro

eToro tops our list of best exchanges to buy Terra Luna today because of its user-friendly platform, low cost of trade, and commitment to the safety of investor funds. Though it started as an online brokerage for forex and equity CFDs, it has morphed into one of the most popular crypto exchanges.

We also liked eToro because of its low deposit and trading minimums - which currently start from $10. And might we add that it also supports a wide range of payment options, including PayPal. These deposits are also free as the exchange doesn’t charge a deposit-processing fee, you will only have to pay the transaction charge imposed by your payment service provider. The only fee you will have to pay when buying Terra Luna on eToro is the 1% fixed commission imposed on all crypto trades on the platform.

You would also want to buy Terra Luna on eToro because it has integrated a host of tools and resources that appeal to both beginner and expert traders. This starts with a smooth client onboarding process. It then extends to an intuitive and quite beginner-friendly user interface. The trading platform is ultra-fast in executing orders and integrates a host of trading, analysis, and risk management tools that appeal to even the most experienced traders.

One other factor that makes eToro one of the best places to buy Terra Luna is its commitment to the safety of investor funds. The exchange offers crypto custody services and keeps more than 90% of all client digital assets in cold storage. Each eToro client also has access to a free, non-custodial, and safe mobile wallet app.

You can also buy LUNA on the move because eToro is a multi-platform exchange - both a web trader and a mobile app. Plus, you also get to take advantage of its highly innovative social and copy trading tools.

buy terra

2. Crypto.com - Best exchange to Buy Terra (LUNA) Securely  

buy terra on crypto.com

Crypto.com makes it to our list of best exchanges to buy Terra LUNA because of its commitment to the security of client deposits and the safety of personal data. Established in 2016, Crypto.com has committed to making its platform as secure as possible. The exchange has, for instance, subjected the Crypto.com trading platform to multiple security audits from some of the leading crypto security auditing companies.

Further, the exchange doesn’t share your private data with third parties and provides everyone with a free crypto wallet. But even more importantly, it has set up a $750 Million private insurance fund covering its client deposits.

But this isn’t the only reason why you should consider buying LUNA on Crypto.com. Others include the fact that Crypto.com maintains some of the fastest order execution speeds. It supports a healthy range of LUNA trading pairs and lets you buy LUNA with either a variety of crypto and fiat currencies. The exchange also features among the 10 most liquid crypto exchanges in the world, which implies that your LUNA orders will fill fast on the platform.

Like eToro, Crypto.com maintains a smooth and straightforward client onboarding process. Its trading platform is also user-friendly and appeals to both beginner and expert crypto traders. You only need $1 to start buying LUNA on this platform and you can deposit this using either bank, credit card, or debit card.

The exchange doesn’t charge deposit processing fees. But when buying LUNA, you will be charged a maker/taker fee of between 0.4% and 0.1% - based on your 30-day trade volume. And if you stake at least 5000 CRO tokens, you enjoy a 10% discount on the crypto trading fees.

Other factors that make Crypto.com one of the best places to buy Luna include new investment programs. Here, you can take advantage of the exchange’s expanding DeFi platform and stake, save, or contribute to liquidity pools - with most of these netting you interests of up to 14.5% p.a. You could also use the Crypto Credit feature to borrow crypto loans against your staked digital assets.

buy terra

3. Binance - Best Platform to Buy Terra (LUNA) at Low Fees

buy terra on binance

Binance is arguably the most popular and most liquid crypto exchange in the world. But it makes it to our list of best exchanges to buy Terra Luna today because of its low competitively low trading fees. To buy LUNA on Binance today, you will only have to pay a transaction fee of between 0.1% and 0.04% - based on your 30-day trade volume on the exchange.

Plus, if you choose to settle the transaction fee using Binance Coin (BNB), you qualify for a 25% discount, pushing the transaction fee down to between 0.75% and 0.035%.

But there is more to Binance than just low transaction fees. The exchange maintains an easy onboarding process, a resource-rich trading platform, and ultra-fast order execution speeds. It also supports one of the widest range of crypto assets, which translates to a wider range of LUNA trading pairs. All these make it the ideal trading platform for active traders - like day traders and scalpers.

Binance will also let you buy Luna instantly. It has a straightforward onboarding process and lets you buy crypto with credit cards, bank deposits, and other cryptos. The user interface is also easily navigable and you only need $1 to start trading Terra Luna on Binance, making a rather beginner-friendly exchange.

In addition to buying and selling LUNA on Binance, the exchange introduces you to several other investing options. Here, you get to earn interest and other rewards when you lock your LUNA tokens in Binance Staking or Binance Saving platforms. The annual interest and rewards earned from staking or saving LUNA tokens are highly variable and largely depend on the lock-up period and amounts staked but usually exceed double-digit percentages.

buy terra

Ways Of Buying Terra (LUNA)

There are multiple ways of buying Terra LUNA today. Here, we look at the three most common:

How to Buy Terra Luna With PayPal

You could also buy Terra LUNA with PayPal. Like cards, buying Terra Luna with PayPal is preferred by most traders and investors because of its versatility. Like cards, PayPal deposits into exchanges are instantaneous and fee free because most trading platforms do not charge deposit-processing fees. Plus, it too allows for minimal cash transfers.

The only downside to this is that only a handful of crypto exchanges, like eToro, will let you buy Terra Luna with PayPal.

How to Buy Terra Luna With Credit Card or Debit Card

You can buy Terra LUNA with credit card or debit card on most crypto exchanges across the world. Buying with cards is preferred to such other payment options as banks because deposits are processed instantaneously. Cards also support lower deposit minimums and relatively low competitive fees.

Most exchanges don’t even maintain deposit processing fees for card deposits, you only have to settle the cash transfer fee charged by your card provider.

How to Buy Terra Luna With Bank Deposit

Banks are the most accessible payment options. Virtually all the crypto exchanges around today will therefore let you buy Terra Luna with bank deposits.

Unlike purchases with cards or PayPal, note that bank deposits take longer - up to eight business days on eToro. Most crypto exchanges also maintain higher deposit minimums for bank transfers.

buy terra

Best Terra (LUNA) Wallet

Terra developers have created a safe and free digital wallet for its LUNA tokens and stable coins on the ecosystem. It is available as a browser extension wallet, a web wallet, and as a mobile app.

There also are a host of third-party digital wallets that support LUNA tokens. These include the custodial and non-custodial wallets provided by the three exchanges we have discussed hereinabove. There also are other stand-alone hot wallets available both on the web and as a mobile app.

As always, however, we advise you to move your coins off exchanges and non-custodial wallets and store them in offline vaults - unless you are an active day trader or scalper. Invest in a proper hardware wallet or paper wallet, especially if you intend to hold on to these coins for an extended period.

buy terra

Risks of investing in LUNA

The stellar past price action notwithstanding, there are a number of factors that cast doubt on Terra Luna's investment appeal. Here are the three most critical reasons why you might not want to invest in Terra Luna right now:

  1. Competition from stable coins

In its quest to dominate the stablecoin market, Terra faces stiff competition from such established stable coins as Tether, USDC, and even BUSD. These impede the rate with which Terra advances, and by extension, LUNA’s rate of value gain.

  1. Vague balancing algorithm

Some analysts have accused Terra of vagueness in detailing how it achieves the 1-to-1 peg balance between LUNA and the stablecoins on the network. This vagueness will most likely impede the adoption rate for Terra stablecoins, which ultimately affects LUNA’s investment appeal.

  1. LUNA is massively volatile

Like all other cryptocurrencies, LUNA is a massively volatile crypto asset. Recently, though, Terra announced that it will add $1 Billion worth of Bitcoins to its treasury. This will complement LUNA and add to the network’s reserve currency for current and future stable coins built on the platform.

Today, more than 6 different stablecoins have launched on the Terra network. These include TerraUSD (UST), TerraCNY, TerraJPY, TerraKRW, TerraGBP, and TerraEUR.

is constantly fluctuating and unhealthily dependent on the performance of the larger crypto market.

Terra (LUNA) Price

LUNA was introduced to the market via an ICO in February 2019 - with each token selling for $0.8. Despite its revolutionary approach to addressing the problem of mainstream adoption of crypto tokens, it received a rather cold welcome to the cryptoverse. Throughout 2019 and 2020, it reported little investor interest, as evidenced by its depressed price action and low number of new Terra Wallets.

It wasn’t until during the early 2021 crypto market rally that LUNA prices started gathering pace. At the time, speculative investors turned their attention to the most promising and a significant number of them set their sights on Terra Luna. Having entered into the year selling for $0.66, LUNA token tore above $1 in the third week of January and breached $2 - for the first time - in the first week of February.

By mid-march, LUNA was trading around $22. But this value gain started losing momentum before dipping back to around $5 after the May 2021 market crash. However, even though its price had crashed, it had attracted the attention of multiple on- and off-chain brands that were interested in launching products on the Terra network.

This investor interest and a rapidly expanding Terra network played a critical role in helping LUNA survive the crash and rally to $100 by December 2021. It has also been instrumental in fueling LUNA token prices to a new all-time high of $119 in April 2022. At a time when the rest of the crypto market was consolidating.

After this significant rise, a drastic drop took place and led to a major price crash. While before that Terra was among the 10 largest crypto assets by its market cap, the crypto lost more than 99% of its price and is currently traded below 0.0001 cent. 

Check Out: Is Terra LUNA Still Worth Buying?

How To Buy Terra (LUNA) - Step By Step Guide

That’s as much as you need to know before you begin buying LUNA.

In this section, we will walk you through the process of buying Terra LUNA on the reputable and multi-regulated crypto exchange - eToro.

Step 1: Open a crypto trading account

Open the official eToro website and click the “Join Now” icon to begin the user registration process. A registration form will pop up asking for such personal details as your name, email, place of residence, phone number, and trading experience.

open trading account

Step 2: Verify your identity

As part of the registration process, you will need to email the eToro team an image of your government-issued identification document. Note that the names on this document, the names used to create an account, and the names on your preferred payment method should match.

Step 3: Deposit funds

eToro will email you telling you that your account has been approved. Log in and on the user dashboard, click on “Deposit.” A deposit window will pop up indicating all the supported payment options in your region. Choose one, indicate the amount of cash you wish to deposit, and follow the prompts to complete the transfer.

fund account

Step 4: Search for Terra Luna

Once the deposit reflects in your eToro trading account, hit the “Discover” tab on the user dashboard. From the list of supported asset classes, select “Crypto” then search for Terra Luna from the list of supported crypto assets.

Step 5: Buy Terra Luna

Choose to buy Luna and on the trading tab that pops up, customize the trade by entering the amount of LUNA tokens you wish to buy. Then click the “Open Trade” button to complete the purchase.

buy terra

Where To Buy Terra LUNA - Conclusion 

In summary, our guide has taken an in-depth research and looked at where to buy Terra LUNA coins today, the best platform to choose from, and provided a  full detailed walkthrough of the investment princess. 

Today, every indicator suggests that Terra Luna will recover and enter the uptrend level, making the altcoin a must-buy. In this post, we have laid bare everything you need to know before buying LUNA tokens. We have even provided you with a step-by-step guide on how to buy LUNA on eToro. To get started trading Terra Luna on the platform, follow this guide and deposit as little as $10.

eToro – The Best Place To Buy Terra

trade crypto on etoro

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

FAQs

Are Terra and LUNA the same thing?

No. Terra refers to the blockchain protocol that is specially designed to support the creation and launch of stable coins. LUNA, on the other hand, is the native token to the Terra ecosystem and reserve for the stable coins created here.

What is the difference between LUNA and UST?

Well, TerraUSD - commonly referred to as UST - is a stable coin created on the Terra ecosystem and whose value is pegged to the US Dollar. LUNA, on the other hand, is the native token for the Terra ecosystem and the reserve currency for UST.

What is the best place to buy LUNA?

Virtually all the most popular crypto exchanges support LUNA tokens. But we consider eToro and crypto.com are among the best exchanges to buy LUNA because they have a user-friendly interface and are highly transparent about the trading and non-trading fees on its platform. .

Can I buy Terra LUNA with PayPal?

Yes, you can buy LUNA with PayPal. You only have to find and create a trader account with a crypto exchange that supports PayPal deposits e.g. eToro.