Where & How to Buy Luna 2.0 (LUNA2.0) for Beginners in 2025

Use our step-by-step guide to learn how and where to buy Luna 2.0 on highly rated decentralized crypto exchanges.
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Updated on Nov 25, 2024
Reading time 3 minutes

Luna 2.0 coins are not easily available to buy via cryptocurrency exchanges. A lot of altcoins exist only in the peer-2-peer market (P2P), where you use a ‘decentralized crypto exchange’ to get your hands on Luna 2.0.

These exchanges function similar to a physical marketplace, where people go to trade things with each other.

You can’t really ‘buy’ Luna 2.0 with US dollars. Altcoins like this are only traded for other cryptocurrencies, such as USDT, Ethereum, Solana, or Binance Coin, in a process that’s commonly referred to as a ‘swap’ or ‘swapping’.

This means that to purchase Luna 2.0 you need to first own another crypto, like USDT or Ethereum, to swap for LUNA2.0.

Don’t worry, it sounds complicated at first, but once you’re set up and you’ve done it a few times it’s a fairly quick process. Use the guide below to learn how to swap USDT for LUNA2.0.

How to buy Luna 2.0 in 4 steps

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To buy Luna 2.0 you need a smartphone or a computer and an internet connection. It can take up to an hour the first time and you should have some photo ID to hand.

For the purposes of this guide, we’ll use USDT in all our examples as it mirrors the US dollar and keeps things simple for beginners. Here’s how to do it:

Step 1. Sign up to a crypto platform

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We’ve ranked Start Trading as the best crypto platform to get started with. We chose this because the exchange lets you buy and withdraw USDT, Ethereum, Solana, Binance Coin, and more, which you may need for this process.

Start Trading has lots of other coins available and is one of the best known crypto exchanges around. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

You then need to fund your account using a bank transfer, credit/debit card or method of your choice. Once funded, you can purchase the altcoin you’ll be using to swap for LUNA2.0 later, for example, USDT.


Step 2. Transfer USDT to a crypto wallet

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Once you have your USDT you will need to transfer it to a crypto wallet. There are lots of wallets to choose from but the best option is MetaMask. You can use the app on your phone, or right from your web browser using a Google Chrome extension.

When you transfer your USDT you will need your unique wallet address. Wallets are like bank accounts for cryptocurrencies, and unique addresses are like account numbers. The image below shows you where you can find your wallet address in MetaMask.

Once you have your address, head to USDT on your exchange and ‘withdraw’, following the process for withdrawal to your wallet address.

Step 3. Connect your wallet to a DEX

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To add another layer of complexity, there are quite a lot of decentralized exchanges available and they don’t all allow you to swap any altcoin.

LUNA2.0 is only going to be available on some of them, however most altcoins are available to swap Uniswap. Head to the Uniswap home page and click the pink button in the top right corner which says ‘launch app’.

Now, in the same corner click on ‘connect wallet’ and you’ll be given a selection of wallets to choose from. Click on MetaMask and hit connect.

You will now be able to access your USDT in Uniswap.

Step 4. Swap USDT for LUNA2.0

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With your wallet now connected, you’re now set up and can transact anytime you wish.

Select USDT from the first drop down list. In the second drop down you need to choose LUNA2.0. Finally enter the amount of USDT you want to spend and the platform will show you exactly how much LUNA2.0 coins you will be able to get. If you’re happy with the amount, execute your trade.

That’s all there is to the process! Although it seems strange at first, every crypto investor has to follow these steps at some point if they want to own upcoming altcoins.

Now you own Luna 2.0 tokens! Not a big deal, right?

Read more about how we rate, rank and review platforms.

Best exchanges to get started, reviewed

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As explained above, you have a selection of platforms to use as an onramp to the altcoin market. Any of the following apps are perfectly fine places to buy cryptocurrencies such as USDT, Ethereum, Solana, and Binance Coin.

How to trade LUNA2.0

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You can trade Luna 2.0 on a decentralized cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how LUNA2.0 crypto trading works:

  1. Monitor the price: For simplicity, let’s say the price of LUNA2.0/USDT is $1. You read the price charts and decide that now is a good time to start purchasing LUNA2.0.
  2. Open a trade: You trade one USDT for one LUNA2.0 ($1 USD for 1 LUNA2.0).
  3. Continue to monitor the price: The following month, one LUNA2.0 token is now worth $2, a 100% increase.
  4. Close your trade: You trade your LUNA2.0 token back to USDT for $2.

In this example, you buy and sell Luna 2.0, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for Luna 2.0 (LUNA2.0)?

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Because you can’t buy Luna 2.0 using fiat currencies like US dollars, the simplest way to buy Luna 2.0 cryptocurrency is by swapping an altcoin for it. Here are some of the top ways to pay for altcoins:

  • Buy altcoins with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy altcoins with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Luna 2.0 (LUNA2.0)?

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You can keep your Luna 2.0 stored perfectly safely on MetaMask. If you’ve followed this guide, you won’t need to set up anything additionally as you’ll already have your coins in the MetaMask wallet.

Is now a good time to buy Luna 2.0?

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The answer depends on the current price and your own investment goals. Put simply, buying Luna 2.0, selling Luna 2.0, and trading LUNA2.0 are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade Luna 2.0.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of LUNA2.0, then a good time to purchase Luna 2.0 is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Luna 2.0 and selling it the next day probably isn’t why you’re here either.

How has Luna 2.0 (LUNA2.0) performed this year?

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The current Luna 2.0 price today is $0.000000005313, which is -97.75% versus its all time high of $0.000000236319, which it reached on 07 December 2023. LUNA2.0 is -75.60% this year, with a 52 week high of $0.000000182761 and a 52 week low of $0.000000002077. 

Regardless, closely following Luna 2.0 price news & analysis will help you decide when to pull the trigger.

Is Terra (LUNA) a good investment?

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Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Terra and its token to help you decide whether to invest in LUNA.

  • LUNA lost almost all of its value. In May 2022, the price of the LUNA token, which is the native token of the Terra blockchain, fell to an all-time low, dropping 99.9%. Its stablecoin TerraUSD (UST) lost its peg and saw its price drop around 93%. 
  • LUNA’s crash impacted the broader crypto market. The crash in LUNA’s price was not an isolated event and was echoed in other major cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), which also lost value. This suggests that the crash was likely due to market-wide factors such as investor sentiment or regulatory changes.
  • LUNA has been delisted from several crypto exchanges. Following the crash, several cryptocurrency exchanges delisted LUNA tokens from their platforms. This means that they removed it from their list of available assets. This further reduced the liquidity of the token and made it harder for investors to buy or sell.
  • Terra LUNA 2.0 replaced the original in 2022. To save the Terra ecosystem, a recovery plan known as Terra LUNA 2.0 was announced and voted for by coin holders. This plan saw a new chain replace the existing network, and the existing LUNA token will be replaced by LUNA 2.0. This is intended to restore investor confidence and provide a fresh start for the Terra blockchain.
  • LUNA 2.0 has yet to be successful. It initially hit $30 before dropping 80% on its first trading day. This suggests that despite the recovery plan, the market sentiment towards LUNA and Terra ecosystem is still negative. 
  • It’s a volatile coin that provides short-term opportunities. Due to its volatility, the new LUNA can provide astute investors or short-term traders with opportunities. Wild price swings are not uncommon and can generate quick profits if you’re on the right side. 

Use this quick summary of pros and cons to compare Terra with other, similar projects.

Pros

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  • LUNA 2.0 has the backing of institutions
  • Long-term goal of a transparent payments system for all is exciting and offers growth

Cons

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Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

FAQs

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01

Where can I buy Terra (LUNA)?

02

What do I need to buy LUNA?

03

Is Terra on Coinbase?

04

Is Terra on Binance?

05

What is Luna 2.0?

06

What is the best wallet to store LUNA?

07

How many Luna 2.0 coins are in supply?

08

What is the price of Terra Luna 2.0

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What is the Terra Luna 2.0 airdrop?

10

What is the price prediction for Luna 2.0?


Sources & references

Prash Raval

Prash Raval

Financial Writer

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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....