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).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Terra (LUNA) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find Terra (LUNA) As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can begin purchasing and trading. To buy Terra (LUNA) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to find Terra (LUNA), you'll need to put the cointype (LUNA) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “LUNA/BTC” to continue.
Step 4 – Acquisition of Terra (LUNA) As soon as you've spotted Terra (LUNA), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent rate Terra (LUNA) was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of LUNA you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole quantity of LUNA. When you are glad, click on “Buy LUNA”. Your plan will be filled as soon as a Seller trades their LUNA for the price you offered.
Step 5 – Withdraw Terra (LUNA) Unless you are trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. To withdraw your Terra (LUNA), hover over the ”Funds” tab and mouse click on “Withdraw”. Terra (LUNA) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Terra (LUNA) by using the provided drop-down box. Enter the amount of Terra (LUNA) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you are happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.