How to buy Terra online

Terra is a digital currency platform and LUNA is its in-house token. Find out how Terra works, the history of the project, and how to buy LUNA coin.
By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
Updated: May 24, 2021
Tip: our preferred broker is, eToro: visit & create account

This page talks you through the key things you need to know about Terra including its purpose, the project’s investment prospects for the future, and whether or not you should invest right now.

Compare where to buy Terra, and open an account

For those of you who believe Terra is a strong project and want to know where to buy LUNA crypto online, we can point you in the right direction. The below options are some of the best brokers around as tested by our team of financial experts. Simply click one of the links to sign up now. Otherwise, keep reading to discover more about Terra and LUNA.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Exclusive promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$20
Exclusive promotion
User Score
8.7
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

What is Terra?

Terra is a digital currency that allows users to avoid paying hidden fees in online transactions. The platform’s native LUNA token is issued to Terra miners who power the platform, and it regulates its own supply to provide stability by minting or burning tokens based on market conditions.

The long-term goal of Terra is to make blockchain technology become globally adopted. By producing a family of stablecoins that are pegged to the value of various major global currencies, users will always get the correct exchange rate for fiat currencies when making online payments.

How does Terra work?

Terra uses an elastic money policy and its own treasury with multiple stimulus programmes to increase adoption and stability. When new proposals from community participants are made, the entire network reviews them, and then it finances them automatically with the objective of expanding usage.

The entire system is underpinned by a range of stablecoins that are pegged to the value of various fiat currencies, which stops users from paying unnecessary fees. This means that Terra is in part a digital central bank. However, by replacing the current status quo payment chain of banks, payment gateways, and credit card networks, Terra has created efficiencies for merchants and consumers.

As for LUNA tokens, they provide holders with platform voting rights, and they are also users for staking and securing the entire network. This is because they are store as collateral to create the price stability of the stablecoins.

How to buy LUNA online – a step-by-step guide

Step 1. Find an exchange

We recommend a reliable and reputable crypto exchange as the best place to buy LUNA coin. Feel free to check out our reviews for some of the options, and to save you time, we have listed two of the best platforms you can use below.

  • Bittrex: We like the intuitive interface and reliable framework that Bittrex offers its users. It is a good choice for beginners and experienced users alike. Sign up to Bittrex today >
  • Binance: As the largest crypto exchange by trade volume, you can’t really go wrong with Binance, and it is a good place to get LUNA tokens. Join Binance now >

Step 2. Sign up and fund your account

With every exchange, you need to create an account before making transactions, and this involves entering some contact details and providing a copy of your photo ID.

Once your account has been verified, you can fund it with fiat currencies like GBP, or you can deposit a popular cryptocurrency like BTC or ETH to finance your transactions.

Step 3. Purchase

Once you have the funds in your account, search for the relevant pair on the exchange of your choice. For example, if you want to use GBP, find the LUNA/GBP pair, enter the amount of money you want to spend, and execute your purchase.

Step 4. (Optional) Get a suitable wallet

If you plan on holding your LUNA tokens for an extended period of time – be that to vote on platform governance or speculate on their future price – opening a crypto wallet is definitely something you should consider. They can add a layer of security to your tokens to protect them from online attacks and theft. Check out two of the best LUNA wallets below:

1
Min. Deposit
$1
Exclusive promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade LUNA – a step-by-step guide

Step 1. Find a broker

If you want to trade quickly and frequently, you need an online broker to open and close trades instantly. We have already provided you with a strong selection in the table above, but not all of them support LUNA tokens. Your best bet is to check out one of the major crypto exchanges like eToro or Plus500 because they support the most coins.

Step 2. Deposit money

Just fund your account with fiat currency and you are good to go. Expect to see varying fees for different platforms, which include – but are not limited to – deposit fees, withdrawal fees, trading fees and commissions. The lower the fees you pay, the more money you can earn from trades.

Step 3. Decide how you’d like to trade

Most people who trade LUNA do so with a CFD, which means they own a representation of the token rather than the token itself. This is a good way of gaining exposure to the price of LUNA and it is often cheaper than owning the tokens outright.

When creating a trading strategy, focus on technical analysis and indicators to give you the best chance of spotting trends and patterns as they unfold so you know when the right time to offload your coins is.

Step 4. Start trading 

Before you execute your first real trade, consider trying a demo account, which will allow you to learn the ropes before putting your own capital at risk. Most brokers offer this service, and you can find out which ones do in our reviews section.

When trading Terra, you will take up a position that will either be long – believing it will rise in value – or short – believing it will fall in value. Make sure you keep a close eye on market conditions and behaviour so you know which position to adopt at any given time.

If you want to trade LUNA using leverage, you should exercise caution, because whilst it increases to exposure to the potential upside, it does the same for the downside.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Still undecided?

If you aren’t quite ready to invest, don’t rush into anything; take your time. To help you make up your mind, here are the pros and cons of Terra as a platform.

Pros

  • Stops users paying hidden fees
  • Brings crypto to the mainstream
  • Less volatile than Bitcoin because LUNA creates stability
  • Good rewards for miners and those who stake LUNA
  • Long-term goal of a transparent payments system for all is exciting and offers growth

Cons

If you still aren’t sure if you want to invest in Terra, here are some final questions for you to ponder:

1. Is now a good time to buy Terra?

This is dependent on your financial circumstances and goals. If you believe Terra has the potential to become a major online payments solution for individuals and enterprises, making an entry while LUNA is priced low could lead to significant rewards in the long run.

For short-term traders, this vision is much less important. Instead, keep an eye on the current price of LUNA and try to purchase it for a lower price than you end up selling it for. By conducting technical analysis and making accurate predictions, you can accelerate your profits thanks to market volatility.

Whichever strategy you choose to deploy, keep up to date with Terra by reading one of our latest pieces of analysis:

The crypto financial services firm Galaxy Digital Trading, founded by Mike Novogratz, co-led a $25 million funding round for Terraform Labs (LUNA), the Singapore-based crypto startup. Fundamental analysis: Rapid ascendance Terraform has seen a massive rise in popularity lately thanks to its payment rails which reduced the settlement time…

2. What problem does Terra solve, and what are the coin’s investment prospects?

Terra disrupts the payment chain status quo of banks, payment gateways, and credit card network. Instead, it offers a more efficient transactions with no hidden fees. In addition, the project has a built-in mechanism for increasing adoption and creating an ecosystem of stablecoins that are collateralised by LUNA for easy online use.

The project faces an uphill battle to secure mainstream adoption, especially because payment portals like PayPal hold such a monopoly over the space, but if it can market itself successfully and appeal to enough individuals, it could become a significant player in the space.

Now you know about the future outlook for Terra, it is a good idea to check the latest news concerning the platform:

The Terra (LUNA/USD) price is hovering near its all-time high as its ecosystem expands and after the recent Columbus-5 launch. The LUNA token is trading $45, which is slightly below the all-time high of $49. The token has a total market capitalization of more than $17 billion, making it…
Terra LUNA/USD is a stablecoin-powered payment platform and serves the role of a next-generation blockchain network. The Columbus-5 upgrade as a catalyst for growth On September 13, we covered the Terra (LUNA) project before the mainnet upgrade. On September 30, the Columbus-5 upgrade officially went live as…

3. Do you want to hold LUNA for the long term?

Think about how exactly you want to invest. Are you after long-term growth, or is short-term profitability an area of focus? Below are the main considerations you should make when investing in LUNA.

Considerations for a long term investment strategy

If you expect Terra to continue its rapid growth, it is likely that LUNA will rise in value. Therefore, consider choosing an exchange and signing up. You should also think about storing your coins in a wallet for long-term security.

Considerations for a short term trading strategy

If you are after immediate returns, trading LUNA could prove to be profitable as moments of volatility create opportunities. For individuals who aim to trade LUNA effectively, sign up to a broker with low fees and get started.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Charlie Hancox
Financial writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.