How & where to buy Terra (LUNA 2.0) online

The Terra Luna crash resulted in a 99.9% drop in the coin's price. A new coin, Luna 2.0, was created to continue the project. Find out how and where to buy Terra LUNA coin today.
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Updated: Aug 4, 2022
Tip: our preferred broker is, eToro: visit & create account

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

Introduction

In May 2022 LUNA token crashed to an all time low with its price falling 99.9%. Its stablecoin TerraUSD (UST) lost its peg and saw its price drop around 93%. LUNA’s hard crash was echoed widely in the crypto world with other coins like BTC and ETH also losing value. Following the crash a number of exchanges delisted LUNA token from their platforms. 

LUNA crashed because of its links to the stablecoin UST which is built on top of the Terra protocol. In order for UST to remain at a stable price, a process of burning or minting UST/LUNA occurs and it affects the entire Terra ecosystem. When UST is minted, $1 of LUNA token is burned, (the same is true vice-versa). As UST started to lose its peg, investors panicked and sold – this increased the number of LUNA token in supply, causing a knock on effect and crashing its price. 

To save the Terra ecosystem, a recovery plan was announced and voted for by coin holders. Known as Terra LUNA 2.0 it will see a new chain replace the existing network. LUNA 2.0 will also replace the existing LUNA token. LUNA 2.0 went live on May 28 2022 and initially hit $30 before dropping 80% on its first day of trading.  

What are the best exchanges to buy LUNA on in August 2022?

The options below are the best brokers to buy LUNA 2.0 with right now. Simply click one of the links to set up an account, discover LUNA price and get started now. Otherwise, keep reading to discover more about Terra LUNA 2.0

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
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
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$1
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, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, 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, 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
-
Promotion
User Score
8.7
Sign Up Bonuses
App Available
Supports Multiple Altcoins
Start Trading
Description:
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Payment Methods
Full regulations list:

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 2.0 or Terra LUNA classic 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 buy 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 you wish to buy, and purchase LUNA. Most exchanges will usually have a very clear “Buy” and “Sell” button on the pairs page to keep things simple for users. And that’s it, congratulations you’ve purchased Terra LUNA.

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
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, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, 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, 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, it’s virtually the same process as buying LUNA with speed & skill involved. You’ll need an online crypto 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 2.0 & LUNA classic 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 2.0 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 2.0 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 LUNA 2.0, 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 of LUNA price so you know which position to adopt at any given time.

If you want to trade LUNA 2.0 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
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
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
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

Still undecided?

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

Pros

  • Part of a popular crypto ecosystem with hundreds of projects already being built on the platform
  • Increases in value as its sister stablecoin, UST, becomes more popular
  • Long-term goal of a transparent payments system for all is exciting and offers growth
  • In 2022, the Luna Foundation generated $1bn in a fundraising round to support its 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. you believe Terra 2.0 or Terra classic has the potential to once again  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.

However, May 2022 proved that even popular and stable cryptocurrencies can effectively become worthless in a very short period. Before making any decision you need to consider what has already happened and whether proposals for the future will change anything. Terra LUNA’ founder, Do Kwon also came under heavy scrutiny and is still involved in the project. 

For short-term traders, this is much less important. Instead, keep an eye on the current price of the token and try to buy LUNA for a lower price than you end up selling it for. New LUNA token is among the most volatile of any coins so will give ample opportunity for short term trades. 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 Network and only buy LUNA having read some strong pieces of analysis:

Pros

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 classic offers an alternative payment system to a status quo that’s run by big banks and financial institutions. Projects built on Terra’s infrastructure offer a wide variety of financial services, while LUNA token and the UST stablecoin provide a store of value and payment method, respectively, where the value is backed by digital assets as opposed to regular currencies.

A major funding round in 2022 raised $1 billion to help drive wider adoption, and an investment of that size is good news for Terra’s long term success. However, it was hit by a major collapse in confidence in May when its sister stablecoin, UST, fell in value well below $1. This called into question the entire project and makes it a risky investment for now.

The best indicators of success are the arrival of more projects that are built on Terra classic, and a growth in links (known as ‘bridges’) between Terra blockchain and other blockchains. That would mean there are more ways to spend Terra LUNA and increase demand for the cryptocurrency and new Terra blockchain. You can follow new LUNA token fortunes and judge its success by using the news links below.

This piece will be a little different. There is no analytics. There won’t be many numbers here; no dive into the economics of the failed Luna experiment. If you want a “normal” article like that, I wrote a start-to-finish piece breaking down the whole debacle as concisely as I could…
This isn’t a very fun article to write. An entire ecosystem has blown up, and many lives have been destroyed. NFT projects, De-Fi apps, payment processing apps, Mirror, Anchor, Kash – these are just a few of the projects built on this once-thriving ecosystem. Even if you don’t own a…

3. Do you want to hold LUNA 2.0 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 2.0.

Considerations for a long term investment strategy

If you expect Terra LUNA to continue its rapid growth, it is likely that LUNA coin will rise in. 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 2.0 could prove to be profitable as moments of volatility create opportunities. For individuals who aim to trade LUNA 2.0 effectively, sign up to a broker with low fees and get started.

FAQs

What is Luna 2.0?
Where can I buy Luna 2.0?
How many Luna 2.0 coins are in supply?
What is the price of Terra Luna 2.0
How can I buy Terra 2.0?
What is the Terra Luna 2.0 airdrop?
What is the price prediction for Luna 2.0?
Can I buy Luna 2.0 on Binance?

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.

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.