In May 2022, the LUNA token dropped significantly with its price falling 99.9%. Its stablecoin TerraUSD (UST) value also fell by 93%.
As a way of saving the Terra ecosystem, the Terra (LUNA 2.0) was birthed. It aims to have a new chain replace the existing one. LUNA 2.0 went live on May 28, 2022, and dropped 80% on its first trading day, that was after it hit $30 on the same day.
Best exchanges to buy Terra LUNA today
Before its crash in May, Terra (LUNA) was one of the best-performing cryptocurrencies in the world. We believe that with the recent initiatives by the firm behind the digital asset, it could be on its way back to the top soon.
If you are interested in this digital token and wondering which platform to buy from. Well, you’ve come to the right place. In this guide, we’ve explained the best exchanges you can use to invest in Terra LUNA today.
Of all the exchanges which have Terra (LUNA) listed on their platforms, eToro is perhaps the overall best of them all. It is very easy to use and only takes a few minutes to register a verified account. You are required to deposit $10 to get started on the platform.
We recommend eToro because it supports a wide range of payment options including PayPal and charges a deposit fee of just 0.5%. This applies to bank transfers, debit/credit cards, and e-wallets. Once you’ve deposited some funds to your eToro account, you can then go ahead to purchase Terra (LUNA).
As regards fees, eToro imposes a fixed 1% commission on all crypto traders on the platform. If you are looking to buy other cryptocurrencies apart from Terra, then you have nothing to worry about as eToro has a wide range of popular digital currencies available on its platform.
If you are a beginner, eToro has a Demo Account that you can leverage. More so, you will have access to the eToro Copy Trader which grants you access to copy the trade patterns of experts.
Another benefit to it is the eToro Crypto Portfolio which hosts a minimum of 12 cryptocurrencies that hold some of the most profitable tokens.
It also has an app that allows you to trade crypto while on the move. In addition, the app has a feature for setting up mobile alerts which enables you to get real-time notifications when a specific price movement occurs. Finally, it offers 24/7 customer support alongside being regulated by the FCA in the UK and the FinCEN and FINRA within the US.
Founded in 2016, Crypto.com came about as a result of extensive demand for cryptocurrencies. We added this exchange to our list due to its strong dedication to protecting clients’ deposits and the safety of personal data.
Crypto.com, for instance, has had several security audits carried out by some of the top-notch crypto security auditing companies on its platform to maintain its security.
It never shares the private data of its users with third parties and shares a free crypto wallet with everyone. It also has in place a $750 million private insurance fund for its client deposits.
You should also consider Crypto.com as it has a crazy execution speed for its orders. It also allows for crypto trading pairs and supports you in buying crypto with either fiat currencies or other types of coins.
The 10 most liquid crypto exchanges are also featured on the platform which guarantees the fast delivery of your Terra (LUNA) orders on the exchange.
When it comes to the interface, the platform is user-friendly which is good for beginners and expert crypto traders. It enables a smooth client onboarding process.
When it comes to trading on the platform, you only need $1 which you can deposit using bank transfers, credit/debit cards, or crypto wallets.
Although Crypto.com doesn’t charge deposit processing fees, it, however, charges a maker/taker fee which ranges between 0.4% and 0.1% of users’ 30-day trade volume.
We recommend Binance if you are the type that is into trading Terra (LUNA) for profits. Why? It’s simply because Binance offers the lowest crypto spot trading fees alongside having an advanced trading platform.
Being the most popular exchange in the world, the Binance trading platform features customizable technical charts with some built-in indicators. You can monitor crypto markets, set price notifications, and also track the Terra (LUNA) order book to get ahead of any changes in trading momentum.
In addition, the exchange charges just 0.10 % per buy and sell order which makes it one of the most affordable transaction fees ever. More so, it also gives you the chance to qualify for discounts according to trading volume or for holding Binance’s native cryptocurrency (BNB).
Binance also features decentralized finance. Inside your Binance trust wallet, you may lend out your Terra, stake LUNA, and run decentralized apps.