How to Buy Terra (LUNA)

A Step-by-Step-Guide on 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).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Terra (LUNA) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate Terra (LUNA)

As soon as your deposit has been affirmed, you will immediately have access to your assets and you can launch purchasing and trading. To purchase Terra (LUNA) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate Terra (LUNA), you'll need to insert the short name of the asset (LUNA) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “LUNA/BTC” to progress.

Binance Hot To Buy Terra (LUNA)
Binance How to Buy (LUNA) Terra
Step 4 – Purchase Terra (LUNA)

As soon as you've spotted Terra (LUNA), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're making our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff Terra (LUNA) was sold for. You can change this to your favoured price. The ”Amount” field is the volumen of LUNA you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of LUNA.

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

Step 5 – Withdraw Terra (LUNA)

Unless you are frequently trading, never keep your coins on an Exchange for an longer period of time. To withdraw your Terra (LUNA), go to the ”Funds” tab and click on “Withdraw”. Terra (LUNA) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Terra (LUNA) by using the provided drop-down box. Drop in the volumen of Terra (LUNA) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, click on “Submit”. You could be requested for verfication via email/phone before a take off.

Binance Withdraw

Congratulations! You've successfully purchased and safed Terra (LUNA).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (LUNA) Terra is safe in your wallet, you are all done.

Some other Guides on How to buy Coins

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