Brand Partner Content
If you’re interested in Luna and want to learn more, in this guide we cover what Luna is, who created it, how LUNA works, and where you can buy Terra LUNA on the dip. Is it worth buying in 2022? What will its price reach in the future?
This beginner’s guide explains the best places to buy Terra (LUNA) with top-ranking crypto exchanges.
Terra LUNA was one of the best-performing cryptocurrencies in early 2022 – with the popularity growing significantly. This has resulted in Terra LUNA becoming a top-15 cryptocurrency in terms of market capitalization.
However Terra has dropped significantly in the few days and it lost over 80% of its value in 48 hours. Is that temporary? As per current reports, the team managing UST and LUNA will have to prepare proactively to defend the stability of the $UST peg under these macro market conditions. The team has also mentioned some recovery plans.
Terra prices could come back as long as the fundamentals of the project remain stable; the price of Terra Luna could increase and recover some of the loss. Opportunities like that could play well for new investors buying at such a discount.
If you believe that this is the right cryptol token for your portfolio, this guide will explain how and where to buy Terra LUNA in under five minutes with regulated exchanges.
Virtual currencies are highly volatile. Your capital is at risk.
Where to Buy Terra LUNA Crypto – Best Places
The best place to buy Terra (LUNA) is through one of the cryptocurrency places and exchanges reviewed below.
- eToro – Overall Best Place to Buy Crypto assets
- Huobi – Best Trading Platform to buy and trade LUNA
- Bybit – Best Platform for Novice Traders
- Crypto.com – Best Place to Buy Terra (LUNA) Securely
- Binance – Buy cryptos on the world’s largest exchange
- Coinbase – Best Place to Buy Terra LUNA at Low Commision
Virtual currencies are highly volatile. Your capital is at risk.
How to Buy Terra (LUNA) In few Steps
If you are looking to buy Terra LUNA with low fees today, you’re not alone. You’ll be amazed, therefore, to know how easily you can buy cryptos via the eToro exchange with just $10 of a minimum deposit.
Follow these steps to learn how to invest in Terra Luna in less than three minutes:
- Step 1: Open a Crypto Trading Account – First, open a trading account.
- Step 2: Deposit – Make a deposit with a bank transfer, a credit card, PayPal, or another supported method. A minimum of $10 is required.
- Step 3: Search for Crypto– Search for your preferred cryptos and click ‘Trade’.
- Step 4: Buy Crypto Assets – Finally, decide on how much money you want to invest in crypto. Then click ‘Open Trade’ to confirm.
Virtual currencies are highly volatile. Your capital is at risk.
Best Exchanges to Buy Terra LUNA In 2022
Are you looking where to buy Terra LUNA in 2022? You’re in the right place. In the section below, we will inform you about the best places to buy Terra LUNA token, their pros and features, and the important information provided will direct you to the top cryptocurrency exchanges that suit your investing needs.
Where to Buy Terra LUNA Cryptocurrency
Now there are many crypto exchanges offering the Terra LUNA crypto on their platforms. With that in mind, We have been able to shortlist the best exchanges to buy Terra through and the winners are eToro, crypto.com, Coinbase, and Binance,
Top Brokers to Buy Terra (LUNA)
But what are the best places to buy Terra LUNA today? We picked these top exchanges:
1. eToro
eToro tops our list of best exchanges to buy crypto assets because of its user-friendly platform, low cost of trade, and commitment to the safety of investor funds.
We also liked eToro because of its low deposit and trading minimums – which currently start from $10. And might we add that it also supports a wide range of payment options, including PayPal. These deposits are also free as the exchange doesn’t charge a deposit-processing fee, you will only have to pay the transaction charge imposed by your payment service provider. The only fee you will have to pay when buying crypto coins on eToro is the 1% fixed commission imposed on all crypto trades on the platform.
You would also want to buy Cryptos on eToro because it has integrated a host of tools and resources that appeal to both beginner and expert traders. This starts with a smooth client onboarding process. It then extends to an intuitive and quite beginner-friendly user interface. The trading platform is ultra-fast in executing orders and integrates a host of trading, analysis, and risk management tools that appeal to even the most experienced traders.
One other factor that makes eToro one of the best places to buy crypto is its commitment to the safety of investor funds. The exchange offers crypto custody services and keeps more than 90% of all client digital assets in cold storage. Each eToro client also has access to a free, non-custodial, and safe mobile wallet app.
You can also buy crypto assets on the move because eToro is a multi-platform exchange – both a web trader and a mobile app. Plus, you also get to take advantage of its highly innovative social and copy trading tools.
Virtual currencies are highly volatile. Your capital is at risk.
2. Crypto.com
Crypto.com makes it to our list of top exchanges to buy Terra LUNA because of its commitment to the security of client deposits and the safety of personal data. Established in 2016, Crypto.com has committed to making its platform as secure as possible. The exchange has, for instance, subjected the Crypto.com trading platform to multiple security audits from some of the leading crypto security auditing companies.
Further, the exchange doesn’t share your private data with third parties and provides everyone with a free crypto wallet. But even more importantly, it has set up a $750 Million private insurance fund covering its client deposits.
But this isn’t the only reason why you should consider buying and investing in LUNA on Crypto.com. Others include the fact that Crypto.com maintains some of the fastest order execution speeds. It supports a healthy range of LUNA trading pairs and lets you buy LUNA with either a variety of crypto and fiat currencies. The exchange also features among the 10 most liquid crypto exchanges in the world, which implies that your LUNA orders will fill fast on the platform.
Like eToro, Crypto.com maintains a smooth and straightforward client onboarding process. Its trading platform is also user-friendly and appeals to both beginner and expert crypto traders. You only need $1 to start buying LUNA on this platform and you can deposit this using either bank, credit card, or debit card.
The exchange doesn’t charge deposit processing fees. But when buying LUNA, you will be charged a maker/taker fee of between 0.4% and 0.1% – based on your 30-day trade volume. And if you stake at least 5000 CRO tokens, you enjoy a 10% discount on the crypto trading fees.
Other factors that make Crypto.com one of the best places to buy Luna include new investment programs. Here, you can take advantage of the exchange’s expanding DeFi platform and stake, save, or contribute to liquidity pools – with most of these netting you interests of up to 14.5% p.a. You could also use the Crypto Credit feature to borrow crypto loans against your staked digital assets.
Virtual currencies are highly volatile. Your capital is at risk.
3. Binance
Binance is one of the best cryptocurrency exchanges available that provides users with diverse crypto earning opportunities. The platform is one of the best places to buy Terra Luna in the US, UK and worldwide as it is quite affordable and provides a wide range of assets to invest in and trade with.
Binance is arguably the most popular and most liquid crypto exchange in the world. But it makes it to our list of best exchanges to buy Terra Luna today because of its low competitively low trading fees. To buy LUNA on Binance in 2022, you will only have to pay a transaction fee of between 0.1% and 0.04% – based on your 30-day trade volume on the exchange.
Plus, if you choose to settle the transaction fee using Binance Coin (BNB), you qualify for a 25% discount, pushing the transaction fee down to between 0.75% and 0.035%.
But there is more to Binance than just low transaction fees. The exchange maintains an easy onboarding process, a resource-rich trading platform, and ultra-fast order execution speeds. It also supports one of the widest range of crypto assets, which translates to a wider range of LUNA trading pairs. All these make it the ideal trading platform for active traders – like day traders and scalpers.
Binance will also let you buy Luna instantly. It has a straightforward onboarding process and lets you buy crypto with credit cards, bank deposits, and other cryptos. The user interface is also easily navigable and you only need $1 to start trading Terra Luna on Binance, making a rather beginner-friendly exchange.
In addition to buying and selling LUNA on Binance, the exchange introduces you to several other investing options. Here, you get to earn interest and other rewards when you lock your LUNA tokens in Binance Staking or Binance Saving platforms. The annual interest and rewards earned from staking or saving LUNA tokens are highly variable and largely depend on the lock-up period and amounts staked but usually exceed double-digit percentages.
Virtual currencies are highly volatile. Your capital is at risk.
Ways of Buying Terra (LUNA)
There are multiple ways of buying Terra LUNA today . Here, we look at the most common:
How to Buy Terra Luna With Credit Card or Debit Card
You can buy Terra LUNA with credit card or debit card on most crypto exchanges across the world. Buying with cards is preferred to such other payment options as banks because deposits are processed instantaneously. Cards also support lower deposit minimums and relatively low competitive fees.
Most exchanges don’t even maintain deposit processing fees for card deposits, you only have to settle the cash transfer fee charged by your card provider.
How to Buy Terra Luna With PayPal
You could also buy Terra LUNA with PayPal. Like credit cards, buying Terra Luna with PayPal is preferred by most investors because of its versatility. PayPal deposits into exchanges are instantaneous and fee free because most trading platforms do not charge deposit-processing fees. Plus, it too allows for minimal deposit transfers.
The only downside to this is that only a handful of crypto exchanges, like eToro, will let you buy Terra Luna with PayPal.
Virtual currencies are highly volatile. Your capital is at risk.
Why Should You Consider Buying Terra Luna Today?
There is a growing list of factors that make Tera Luna the ideal crypto investment. But there also are a few others that make you want to take a step back and reevaluate Terra’s sustainability.
To understand if Terra is indeed a good investment in 2022, we will need to look at the reasons why you should consider investing in LUNA today and the possible risks of investing in the altcoin.
- Massive potential for future value gain
The rate with which LUNA and UST tokens were adopted into the crypto market says there is a large need for decentralized stablecoins. Moving forward, more brands are expected to welcome Terra stable coins, effectively catapulting LUNA token prices to unimaginable heights.
- Excellent past performance
LUNA has performed exemplary well in the past, growing its value by more than 15000% throughout 2021. Moving forward, its popularity and use cases are expected to soar, further fueling gains in the value of the coin and your portfolio.
- Investor interest is rising fast
Investor interest in the LUNA token has been on an uptrend as evidenced by the soaring number of new LUNA wallets and increased daily trade volumes. Analysts are confident that these will help sustain its uptrend.
- Wide adoption and acceptability
There currently are 100+ crypto projects launched on the Terra Network. Major off-chain brands, especially in Asia, have also expressed interest in using Terra stablecoins or building projects on its network. This increased use cases and stretched demand against a capped supply of 1 Billion LUNA will help boost the token’s value gains.
- Terra network is growing fast
Terra network is growing fast, onboarding new brands, launching new stablecoins, and collaborating with both on- and off-chain brands. All these help advance LUNA token use cases, which spurs demand and ignites a price run for the altcoin.
Risks of investing in Terra Luna
The stellar past price action notwithstanding, there are a number of factors that cast doubt on Terra Luna’s investment appeal. Here are the three most critical reasons why you might not want to invest in Terra Luna right now:
- Vague balancing algorithm
Some analysts have accused Terra of vagueness in detailing how it achieves the 1-to-1 peg balance between LUNA and the stablecoins on the network. This vagueness will most likely impede the adoption rate for Terra stablecoins, which ultimately affects LUNA’s investment appeal.
- Competition from stable coins
In its quest to dominate the stablecoin market, Terra faces stiff competition from such established stable coins as Tether, USDC, and even BUSD. These impede the rate with which Terra advances, and by extension, LUNA’s rate of value gain.
- LUNA is massively volatile
Like all other cryptocurrencies, LUNA is a massively volatile crypto asset. Recently, though, Terra announced that it will add $1 Billion worth of Bitcoins to its treasury. This will complement LUNA and add to the network’s reserve currency for current and future stable coins built on the platform.
Today, more than 6 different stablecoins have launched on the Terra network. These include TerraUSD (UST), TerraCNY, TerraJPY, TerraKRW, TerraGBP, and TerraEUR.
is constantly fluctuating and unhealthily dependent on the performance of the larger crypto market.
Virtual currencies are highly volatile. Your capital is at risk.
How To Buy Terra (LUNA) – Step By Step Guide
That’s as much as you need to know before you begin buying LUNA.
In this section, we will walk you through the process of buying crypto assets on the reputable and multi-regulated crypto exchange – eToro.
Step 1: Open a crypto account
The first thing you need to do in this process is to find an online exchange platform that accepts and supports Terra LUNA. One problem here is that Terra is not supported by major crypto exchanges so you’ll have to dig in to find one suitable for you.
Virtual currencies are highly volatile. Your capital is at risk.
Step 2: Verify your account
As part of the registration process, you will need to verify your account by providing and attaching a copy of a government-issued identification document. Note that the names on this document, the names used to create an account, and the names on your preferred payment method should match.
Step 3: Deposit funds
After you finish the registration process, you need to deposit some funds into your account to begin trading. Log in and on the user dashboard, click on “Deposit.” A deposit window will pop up indicating all the supported payment options in your region. Choose one, indicate the amount of cash you wish to deposit, and follow the prompts to complete the transfer.
Step 4: Search for LUNA
Once the deposit reflects in your trading account, hit the “Discover” tab on the user dashboard. From the list of supported asset classes, select “Crypto” then search for Terra Luna from the list of supported crypto assets.
Step 5: Buy Terra Luna
Choose to buy Luna and on the trading tab that pops up, customize the trade by entering the amount of LUNA coins you wish to buy. Then click the “Open Trade” button to complete the purchase.
Virtual currencies are highly volatile. Your capital is at risk.
How To Trade Terra (LUNA) – A Step By Step Guide
Essentially, you have two strategy options – You can buy Terra LUNA and hold it as a long-term investment, or you can trade it to profit from its price fluctuations. So, here is a short guide explaining how to trade Terra LUNA in 2022.
1. Find An Online Trading Platform That Supports Terra
First, you need to choose a trading platform that supports Terra LUNA to start trading it. While selecting the appropriate trading platform, consider if it charges lower fees and if the platform is easy and quick to use, especially when you plan to do fast and frequent buy-and-sells.
2. Fund Your Trading Account
The next thing you need to do in this process is to fund your trading account with some fiat currency. There can be some different fees depending on the platform you choose. This may include commission fees, trading fees, withdrawal and deposit fees.
3. Develop A Trading Strategy
The technical part is over, so you need to think of a trading strategy before you start trading. Some popular techniques include scalping, day trading and swing trading. Day trading allows you to make a profit from the crypto price fluctuations during the same trading day. Scalping will enable you to speculate on small price changes, so the buy and sell process usually takes seconds or minutes. And finally, swing allows you to trade cryptos from the period of some days to some weeks.
Regardless, it is highly recommended to use a risk-reward ratio in crypto trading. This is a method used by investors to define the potential profit in relation to each dollar you decide to risk.
4. Start Trading LUNA
Now, when you have a funded account and have decided how you want to trade, you can start trading Terra LUNA. However, if you are still suspicious about investing in this crypto, let’s go ahead and discover some other things about Terra and its price predictions.
Virtual currencies are highly volatile. Your capital is at risk.
Terra (LUNA) Price Prediction
Generally, cryptocurrency analysts believe Terra is a good long-term investment, and the LUNA coin has promising price predictions. Wallet Investor considers Terra a profitable investment with a huge potential to grow back. According to them, LUNA can go up to $2.3 in one year and $4.47 in five years.
According to Digital Coin Price predictions, Terra LUNA’s price will also rise in the following years to $0.75 by the end of the year and $1.41 in five years.
Long Forecast also predicts that Terra LUNA prices will rise again in the future; however, according to them, they will not go as high as the two previous analysts consider. These predictions show that Terra prices will fluctuate between $0.005-$0.01 this year, and won’t get higher than $2 in the upcoming four years.
Where to Buy Terra LUNA – Conclusion
Should you buy LUNA In 2022? While it will not hit its previous high of over $105 again but there is still potentially a 25x move to the upside at which point it would recover its former market cap, albeit at a lower price per LUNA token prediction.
In summary, our guide has taken an in-depth research and looked at where to buy Terra LUNA coins today, the best platform to choose from, and provided a full detailed walkthrough of the investment princess.
Today, every indicator suggests that Terra Luna will recover and enter the uptrend level, making the altcoin a must-buy. In this post, we have laid bare everything you need to know before buying LUNA tokens. We have even provided you with a step-by-step guide on how to buy LUNA on eToro. To get started trading Terra Luna on the platform, follow this guide and deposit as little as $10.
Virtual currencies are highly volatile. Your capital is at risk.
FAQs
What is the best place to buy LUNA?
Thes best platform for buying Terra is eToro or Coinbase. This is because both platforms offer low trading fees and the ability to make investment with a minimum deposit as little as $10.
We recommend eToro. The platform offers access to an ever-expanding number of cryptocurrencies, with some of the lowest trading fees in the market and a very user-friendly interface. It also helps that eToro is registered and regulated by the UK’s Financial Conduct Authority (FCA) and in the USA.
Can I buy Terra LUNA with PayPal?
You can buy LUNA with PayPal. You only have to find and create a trader account with a crypto exchange that supports PayPal deposits e.g. eToro.
Virtual currencies are highly volatile. Your capital is at risk.
Advertising disclosure: We may receive compensation for some of the links in our stories. Thank you for supporting LA Weekly and our advertisers.