Buy Luna Classic LUNC (€0.00017)

Terra Luna is a decentralised blockchain protocol for algorithmic stablecoins. The purpose of Terra is to function as a financial Ecosystem. Although Terra has many different ways of using it, the coin is most commonly used for enabling payments in stablecoins. Stablecoins are cryptocurrencies that are linked to a fiat currency such as the Dollar or Euro. In contrast to other cryptocurrencies, these coins hardly change in value. The Terra protocol makes it possible for these stablecoins to follow the price of the corresponding fiat currency. This enables users of Terra stablecoins to spend, save and trade them directly. Compared to current bank transactions, Terra offers lower transaction fees and completes transactions in seconds.

Buying Terra (Luna) is easy and fast with Anycoin Direct. Read the step-by-step plan below to find out how.

Step 1: Create an Account

You can easily create an account at Anycoin Direct. From this account you can buy, sell, and swap more than 30 cryptocurrencies.

Step 2: Placing an order

When you have created an account, you can easily trade cryptocurrencies with our Anycoin Vault. Select the coin and fill in the amount you would like to pay, and you can see how much it will cost. Finish the transaction by using one of the supported payment methods like iDeal, Bancontact, Credit card, SEPA, Giropay, SOFORT and VISA.

Step 3: Buy, sell or trade Cryptocurrencies

Once the transaction is completed, your coins are stored in the vault or in your personal wallet. From here you can choose to sell or trade them to another cryptocurrency.

To purchase Terra you will need a place to store it. At Anycoin Direct you can do this easily and quickly by using the Vault. By using this you pay less transaction fees, your coins are safely stored and you can easily exchange Terra coins to another cryptocurrency or vice versa. Please note! Not all our coins are immediately available through a personal wallet. Do you want to buy this coin today? Then use our vault.

Online wallet

You can use an online wallet for Terra. These are often easy to use and allow you to store various crypto currencies. You don't have the private keys, which means you don't have full control over the security of your wallet. So do some research into the online wallet provider.

Software / Mobiele wallets

These are wallets with which you install software on your device, so that you can manage your cryptocurrencies from there. With these kinds of wallets you often have access to the private keys. The use of software or mobile wallets is often free and user-friendly. Make sure that the devices you use are properly secured, so that not everyone can get in just like that.

Hardware wallets

If you want to keep your cryptocurrencies as safe as possible, buy a hardware wallet. These are physical devices on which you can store various cryptocurrencies. Partly because you have the private keys, you are in full control of your cryptocurrencies. Hardware wallets are often secured with a password, with which you can buy and sell crypto. The only disadvantage is that these wallets often cost €100. If you have a large portfolio, we always recommend using this type of wallet.

Terra has several stablecoins running on its network. Stablecoins are cryptocurrencies that have their price pegged to fiat currencies, such as the US dollar, the Euro or the South Korean Wong. As an investor, Investing in Terra can be advantageous because you know that your assets will always hold the value of, say, the dollar, should you invest in UST.

Users of LUNA can earn extra rewards by making their LUNA available as collateral for the stablecoins. In this way Terra can guarantee that the price of UST, for example, will remain stable and users who make this stability possible will be rewarded with extra LUNA.

Terra was founded in early 2018 by South Koreans Daniel Shin and Do Kwon. Both have a long background in South Korean e-commerce and software engineering. Terra falls under Terraform Labs and they focus on the rapid adoption of blockchain technology and cryptocurrency. They try to do this by focusing on price stability and usability.

In principle, the price of a crypto currency is determined by supply and demand, but with Terra the stablecoins play an extra role. The Terra coin is meant to keep all connected stablecoins stable. This is done by adjusting the supply of stablecoins when demand is high or low. If the price of the stablecoin UST (TerraUSD) is higher than the Dollar itself, Terra coins will be exchanged to UST to increase the supply. The process is done in cooperation with those who have Terra coins. Thus, those who exchange their Terra coins for stablecoins are rewarded with a small profit. In general it can be said that when more people buy UST, the price of Terra will increase. This is also true the other way around, when people sell UST, the price of Terra will go down. So in order to make transactions within the DeFi ecosystem, you have to have Terra.