Buy Luna Classic (Terra) (LUNC)
What is Terra (LUNA)?
Terra Luna is a decentralized blockchain protocol for algorithmic stablecoins. Terra's purpose is to function as a financial Ecosystem. Although Terra has many different ways to use 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. Unlike other cryptocurrencies, these coins hardly change in value. The Terra protocol allows these stablecoins to track the price of the corresponding fiat currency. This allows users of Terra to spend, save and exchange stablecoins instantly. Compared to current bank transactions, with Terra you pay less transaction fees and transactions are completed within seconds.
What can Terra luna (LUNC) be used for?
Terra has several stablecoins running on its network. Stablecoins are cryptocurrencies whose price is linked to fiat currencies, such as the U.S. dollar, the Euro or the South Korean Wong.
LUNC users can earn additional rewards by making their LUNC available as collateral for the stablecoins. In this way, Terra tries to keep the price of UST, for example, stable, and users who enable this stability are rewarded with additional LUNC.
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Store your coins in our secure Vault or send them to your personal wallet. You decide how your coins are stored.
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Why Buy Terra Luna Classic via Anycoin?
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Anycoin Vault
The Vault is a safe alternative to the traditional crypto wallet for those who want to buy, sell and swap their coins on Anycoin Direct. Within the Vault you can store all your digital assets and swap them against one another. Still want to send crypto to an external wallet like your Ledger? No problem, the Vault is an additional feature. The choice is yours.
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Balances in the Anycoin Vault, are kept in a foundation. This foundation has only one purpose, to preserve our customer funds. This construction ensures that customers are entitled to compensation in the unlikely event of Anycoin Direct's bankruptcy. In addition, we want to reiterate that we always want to give customers a choice between using the Anycoin Vault and sending coins to an external wallet.
Additional information about Terra Luna Classic (LUNC)
How can I store LUNC?
You can store your LUNC tokens in our Vault. Here your tokens can also be found in a well organized environment. From the Vault you can easily buy, sell and swap any cryptocurrency we offer for another cryptocurrency.
Can I buy LUNC with iDEAL?
Yes, you can buy LUNC with iDEAL at Anycoin Direct. You can also pay with Paypal, SEPA, Sofort, VISA, Mastercard and EPS.
Do you need to buy a whole LUNC ?
You don’t need to buy whole cryptocurrencies to trade them. You can buy small parts of any cryptocurrency. For example, on Anycoin Direct, the minimum purchase amount is €10.
Is it safe to buy LUNC ?
Yes, buying LUNC is safe with Anycoin Direct as we have advanced security techniques and are officially licensed by The Dutch Central Bank. Buy LUNC safely with us with a wide range of payment options.
Is LUNC legal in the UK?
Yes, LUNC is legal in England. You don't have to worry about the legality of buying LUNC .
Do I have to pay taxes on my cryptos?
Depending on the amount of cryptocurrencies you own and the country you live in, the rules for this are different. Always make sure to get information from your personal government authorities.
Can I buy LUNC anonymously at Anycoin Direct?
No, identification is mandatory for all our clients. We are required to conduct a thorough client due diligence. This is done using the Know Your Customer principle.
Can I do a business transaction with Anycoin Direct?
Yes, it is possible to make a business transaction through Anycoin Direct. While creating an account, you can choose a business account.
What can Terra Luna Classic (LUNC) be used for?
Terra has several stablecoins running on its network. Stablecoins are cryptocurrencies whose price is linked to fiat currencies, such as the U.S. dollar, the Euro or the South Korean Wong.
LUNC users can earn additional rewards by making their LUNC available as collateral for the stablecoins. In this way, Terrat tries to keep the price of UST, for example, stable, and users who make this stability possible are rewarded with additional LUNC.
Who are the founders of Terra?
Terra was founded in early 2018 by South Koreans Daniel Shin and Do Kwon. Both have long backgrounds 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.
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