A Step-by-Step-Guide on how to buy Terra (LUNA)
Step 1 – Signup to CEX.io You will first need to buy units of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and getting Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Terra (LUNA) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find (LUNA) Terra As soon as your deposit has been confirmed, you will instantly have access to your finances and you can start purchasing and trading. To purchase (LUNA) Terra on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To find (LUNA) Terra, you will need to put the short name of the asset (LUNA) into the search-box, which is marked in the graphic. Be certain of having selected the correct grouping, we've marked this too. Click on “LUNA/BTC” to go on.
Step 4 – Purchasing (LUNA) Terra As soon as you have found (LUNA) Terra, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're creating our Limit Order. The ”Price” field will be filled automatically with the most up-to-date valuation (LUNA) Terra was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of LUNA you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of LUNA. When you're glad, make a mouse click on “Buy LUNA”. Your plan will be filled as soon as a Vendor trades their LUNA for the price you submitted.
Step 5 – Withdraw Terra (LUNA) Unless you are trading, best advise is not to keep your crypto on an Exchange for an extensive time period. In order to withdraw your Terra (LUNA), go to the tab called “Funds” and mouse click on “Withdraw”. Terra (LUNA) can be stored safely 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 withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you are satisfied, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.