How to Buy Terra (LUNA)

Step 1 – Join Kraken

You'll first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and getting ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Terra (LUNA) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate Terra (LUNA)

As soon as your deposit has been approved, you will now have access to your assets and you can begin buying and trading. To invest in Terra (LUNA) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”.

To locate Terra (LUNA), you'll need to put the cointype (LUNA) into the search-box, which is marked in the graphic. Be certain of having choosen the right pairing, we've highlighted this too. Click on “LUNA/BTC” to progress.

Step 4 – Buying Terra (LUNA)

After you have discovered Terra (LUNA), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price Terra (LUNA) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of LUNA you wish to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the whole amount of LUNA.

When you are satisfied, click on “Buy LUNA”. Your order will be filled when a Vendor trades their LUNA for the price you gave.

Step 5 – Withdraw Terra (LUNA)

Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an extended period of time. In order to take off your Terra (LUNA), go to the ”Funds” tab and mouse click on “Withdraw”. Terra (LUNA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Terra (LUNA) by using the given drop-down box. Put into the volumen of Terra (LUNA) you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, click “Submit”. You could be asked for phone/email verification before a take off.