Terra is a public blockchain launched from the split from Terra Classic, following the collapse of the earlier stablecoin system in 2022. The new Terra chain removes the algorithmic stablecoin model and focuses fully on operating decentralized applications through smart contracts. This architecture allows developers to build applications for payments, trading, and digital services independently of tokens pegged to prices.
Terra network processes transactions independently via a blockchain, recording activities in blocks and securing data via validator nodes. This system is supported by the LUNA token, which pays network fees to enable interaction with apps on the chain. Terra has become a community-owned network, with no central entity in control.
This article explains how to buy Terra, where to buy it, which wallets support it, and the steps you need to take to complete the process safely.
How To Buy Terra In 4 Easy Steps?
Buying Terra becomes easier when you follow a clear and structured process. Here’s how you can buy LUNA:
Step 1: Choose A Crypto Exchange Platform
The first step to purchasing Terra (LUNA) is to select a reliable crypto exchange. Check on the security standards adopted by the exchange before signing up, supported currencies, the fee structure, and other reliability factors of an exchange.
Step 2: Register On Any Of The Platforms
Once you have chosen an exchange, you will set up an account using your e-mail address, phone number, and place of residence. To unlock additional trading features, you will also need to verify your identity.
This normally involves uploading a government-issued document, such as a passport or driving license. Verification usually takes a few hours. Once confirmed, you can deposit money and get ready to buy LUNA.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
After your account is verified and funded, you can purchase Terra using either fiat currencies or stablecoins, depending on what the exchange supports.
Using Fiat Currencies:
- US Dollar (USD): Crypto.com, Kraken, OKX
- Euro (EUR): Kraken, Bitvavo
Using Stablecoins:
- Tether (USDT): Binance, Bybit, Bitget, BitMart, BingX, MEXC
- USD Coin (USDC): KuCoin, Bitrue, Osmosis, Bibox
Payment options may include bank transfers, cards, or crypto deposits. Once funds are available, select LUNA, enter the amount, and confirm your purchase.
Step 4: Store The Cryptocurrency In A Wallet
After purchasing Terra, transferring your tokens to a personal wallet provides an added layer of security. It allows the investor to retain all of their assets in a private wallet, providing complete control and independence from exchanges.
Atomic Wallet, Tangem Wallet, Ledger Wallet, Bitget Wallet, Bit2Me Wallet, and Phantom Wallet are some of the wallets that support Terra. Copy your wallet address to send your tokens. Withdraw LUNA from the exchange and confirm the transaction. Your tokens will securely be stored in your wallet.
Popular video guides on buying Terra (LUNA)
Where to buy Terra (LUNA)?
Bitget supports both spot and futures markets, with a strong focus on copy trading for users who prefer guided strategies. It allows flexible deposits and withdrawals, making access simple for global traders. The mobile app offers clean charts, price tracking, and quick order placement. The platform prioritises account safety through cold storage, two-factor login, and activity alerts. New users can follow experienced traders, while experienced participants manage positions with advanced tools, creating a trading environment that suits different experience levels.
Factsheet
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Operational Since: |
2018 |
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Deposit Methods: |
Credit/Debit Card, Bank Transfer, Cryptocurrencies |
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Deposit Fees: |
Crypto Deposit is Free, Fiat deposit varies with payment method |
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Cryptos Listed: |
800+ |
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Trading Fees: |
0.1% For both maker and taker |
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Fiat Currencies Supported: |
USD, EUR, GBP, TRY, BRL, and ZAR |
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Trustworthiness: |
Safe and Reliable |
KuCoin provides access to a broad selection of digital assets along with spot, margin, and futures trading options. It also includes staking and lending features for users who want added utility. The interface stays easy to use, with market charts, alerts, and portfolio tracking available on mobile. Security remains a key focus through cold wallet storage, login protection, and user notifications. Helpful guides support first-time traders, while automated tools and advanced options serve users with more trading experience.
Factsheet
|
Operational Since: |
2017 |
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Deposit Methods: |
P2P Trading, Debit/Credit Card, Third Party Payment, Bank Transfer |
|
Deposit Fees: |
Free |
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Cryptos Listed: |
700+ |
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Trading Fees: |
0.005-0.01% depending on your tier level |
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Fiat Currencies Supported: |
28+ |
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Trustworthiness: |
Safe and Reliable |
Kraken is an exchange focusing on security and transparency. It supports spot, margin, and futures trading, with clearly defined fees. It offers a well-functioning mobile app where traders can track prices, manage holdings, and execute trades with ease. It has security features such as cold storage, two-factor login, and real-time account monitoring. Onboarding is straightforward, and educational material is available for beginners. Advanced traders benefit from sophisticated order options. Trust-oriented and user-friendly, it therefore covers long-term trading needs.
Factsheet
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Operational Since: |
2011 |
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Deposit Methods: |
PayPal, Debit/Credit Cards, Wire Transfer, P2P, Cryptocurrencies |
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Deposit Fees: |
Kraken charges different fees for different types of deposits |
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Cryptos Listed: |
500+ |
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Trading Fees: |
0% to 0.40% of the total cost |
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Fiat Currencies Supported: |
USD, EUR, GBP, CAD, JPY, CHF, AUD, and AED. |
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Trustworthiness: |
Safe and Reliable |
Frequently Asked Questions
Where Can You Buy Terra With A Credit Or Debit Card?
You can buy Terra directly with a credit or debit card on various centralized exchanges that support fiat pairs. If you want to use US Dollars, the most convenient options are Crypto.com, Kraken, and OKX. These services offer a smooth, beginner-friendly way to purchase LUNA with your card without extra steps.
Kraken or Bitvavo can be chosen to buy Terra with Euros. Both support direct card payments, making the buying process swift and easy. You simply have to go through the account verification phase, add your card details, and place your order. The best-known exchanges should always be used to keep Terra buying safe and hassle-free.
What Will You Need To Buy Terra?
Here’s everything you’ll need to own a LUNA token:
- Crypto Exchange: To purchase Terra (LUNA) tokens, you need a trustworthy exchange platform. Popular platforms include Kraken, Crypto.com, Bitvavo, OKX, Binance, Bybit, Bitget, Osmosis, KuCoin, and BitMart. These exchanges help you trade and manage crypto easily while offering charts, trading tools, and market insights.
- Identification Documents: To access a crypto exchange, you need to create an account and complete the KYC process. You must upload valid identification documents such as a passport, driver’s licence, or tax return. These documents help the exchange verify your identity and keep your account secure.
- Debit/Credit Card: A debit or credit card offers a simple way to fund your crypto account. Many major exchanges let you buy LUNA directly with a card. Always review the platform’s payment methods to confirm card availability before you proceed with your purchase.
- Stablecoin/Altcoin: You can also use stablecoins like Tether (USDT) or USD Coin (USDC) to buy LUNA. Stablecoins offer better price stability and faster trade execution. Make sure your chosen exchange supports USDT or USDC trading pairs for Terra.
- Crypto Wallet: Once you buy LUNA, move your tokens to a secure crypto wallet. Wallets like Atomic Wallet, Tangem Wallet, Ledger Wallet, Bitget Wallet, Bit2Me Wallet, and Phantom Wallet support Terra. Review wallet features, security options, and user feedback before choosing one.
Ensure that you have all the above things handy for a smooth purchasing experience.
What Is The Easiest Way To Buy Terra?
It is easy to purchase Terra with a credit or debit card or via bank transfer on a reputable crypto exchange. If you would like to buy Terra with US Dollars, you can use multiple payment options on Crypto.com, Kraken, and OKX. You can deposit USD by credit or debit cards, wire, or internet banking, and complete your purchase. These exchanges let you sign up and follow instructions easily, offering fast access to Terra once the payment goes through.
Both Kraken and Bitvavo are viable alternatives that offer fast, easy conversion for users who prefer paying in Euros. You can deposit EUR by credit and debit cards, wire, or internet banking, and purchase Terra directly. All these platforms guide you through each step, preventing confusion during the transaction. Your Terra tokens will appear in your exchange wallet immediately after the trade concludes, and then you can manage or trade them right away.
Always verify the fees and transaction limits with your preferred exchange before buying Terra. Select an exchange that boasts robust security measures and a good reputation. Backing Terra for the long term may require you to transfer your tokens to a private wallet. This method offers more control over your assets and greater security.
What Are The Best Wallets To Store Your Terra (LUNA)?
To keep your LUNA holdings protected, selecting a wallet that combines security with ease of use matters. The wallets listed below provide different features, allowing you to choose based on how you manage and access your digital assets.
- Atomic Wallet: Atomic Wallet offers a non-custodial setup that gives you full control over your private keys. It supports LUNA storage along with hundreds of other assets in one place. The wallet includes an in-built exchange, portfolio tracking tools, and strong encryption. Its clean interface suits users who want simple navigation without compromising on asset safety.
- Tangem Wallet: Tangem Wallet delivers offline storage through a physical card, which reduces exposure to online risks. You can store LUNA securely without dealing with seed phrases or complex recovery steps. The wallet connects to your smartphone using NFC, enabling quick access and smooth transactions while maintaining a strong focus on security and portability.
- Ledger Wallet: Ledger Wallet provides cold storage protection by keeping your assets offline at all times. It uses a secure chip to prevent unauthorised access and external threats. With support through the Ledger Live app, you can manage balances, send tokens, and monitor activity easily. This wallet suits users who prioritise long-term storage and maximum protection.
- Bitget Wallet: Bitget Wallet supports multi-chain storage and allows you to manage LUNA alongside various digital assets. It includes Web3 features, letting you connect with decentralised applications directly. The wallet focuses on private key ownership, quick transfers, and a smooth mobile experience, making it suitable for users who interact frequently with blockchain platforms.
- Bit2Me Wallet: Bit2Me Wallet combines simplicity with advanced security features for managing LUNA. It offers encrypted key storage, easy transfers, and clear balance tracking. The wallet integrates well with the wider Bit2Me ecosystem, allowing smooth asset management. Its design suits users who prefer a straightforward setup without unnecessary complexity.
- Phantom Wallet: Phantom Wallet delivers a fast and user-friendly experience with strong support for decentralised applications. It allows you to store LUNA securely while connecting to Web3 platforms through a built-in browser. With features like transaction previews, phishing protection, and a clean interface, it works well for users who value speed and accessibility.
Using these wallets helps protect your LUNA holdings while offering a range of tools that match different usage preferences and security needs.