Wondering how to buy Terra (Luna) with credit or debit card? Here’s a step by step guide on how to buy Terra (Luna) on any crypto exchange platform using credit or debit card.
Terra (LUNA) is one of the few cryptocurrencies that have really grown in terms of market cap this year.
The LUNA token rose over 20% in 24 hours and is currently up nearly 50% in the previous 90 days. But before we move on to discussing how to buy Terra using credit or debit card, here’s a brief summary of what you should know about Terra (LUNA).
What you should know about Tera (Luna)
Terra is a stablecoin created by Daniel Shin and Do Kwon in January 2018 to enable price-stable payment networks all across the world.
Terra is unique in that it combines the price stability and widespread acceptance of fiat currencies with the censorship-resistance of Bitcoin while also providing rapid and economical transactions.
Terra’s development began in January 2018, and the mainnet launched in April 2019. It now provides stablecoins tied to the US dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies, with more alternatives on the way.
Terra tokens have a total supply of 1 billion in circulation. LUNA was originally made available for purchase in a private token sale for early adopters, which included key exchange investment arms including Huobi, Binance, and OKEx.
Terra received $32 million as a consequence of the transaction, which was completed in August 2018.
The native token of Terra, LUNA, is used to keep the price of the protocol’s stablecoins stable. Holders of LUNA may also submit and vote on governance ideas, thereby making it a governance token.
The Terra blockchain is secured via a Tendermint-based proof-of-risk consensus process, in which LUNA token holders stake their tokens as collateral to confirm transactions, with payouts proportional to the amount of LUNA invested.
How to buy Terra(LUNA) with credit or debit card
You can buy Tera (LUNA) from any of these platforms using credit card or debit cards, but for this tutorial, we will be using Binance.
Buy Terra(LUNA) with credit or debit card on Binance
Step 1: Create a free account on the Binance
Visit Binance.com and sign up or download the Binance app for android or iOS devices. To register on the website, you can use an email address and a mobile number.
Step 2: Select your preferred payment option
There are several payment options including;
- Credit/debit card
- Bank deposit
- Third-party payment
- P2P Trading
For this tutorial, we would be explaining how to use a credit or debit card to buy Terra (LUNA).
Step 3: Buy Terra (LUNA) with credit or debit card
You can buy Terra using a credit or debit card from Binance either on the website or through the app. The steps are shown below.
- To get started, complete your identity verification
- Log in to your Binance account
- Once you’ve logged in, navigate to “buy crypto” and click credit or debit card.
- Choose the fiat currency of your choice and enter the amount you want to spend
- Click “add new card” and enter your credit card details (Note: You can only pay with your own credit card)
- Enter your billing address and click “add card”
- Check payment details entered and confirm your order within 1 minute
- The price and the amount of cryptocurrency you will get will be recalculated
- Click “refresh” to see the latest market price, and you’ll be redirected to your bank’s transaction page.
- Follow the instructions on the screen to verify the payment
- The crypto you’ve purchased will be shown on your Binance spot wallet
Where do I buy Terra (LUNA)?
Terra’s native token, LUNA, is accessible for trading against fiat currencies, stablecoins, and other cryptocurrencies on about 29 exchanges, some of the top ones include Binance, Huobi, Bitfinex, Upbit, Kukoin, Gate.io, Bittrex, Bithumb amongst others.
Should I Buy Terra(LUNA)?
Terra (LUNA) is a cryptocurrency that many crypto experts consider to be highly appealing since it has a lot of promise and ambition as a means of trade and payment.
Another reason is that Terra (LUNA) has climbed into the top ten most valuable cryptocurrencies by market capitalization. The date is March 24, 2022.
This year, the LUNA coin has been acting bullishly, and analysts anticipate that this trend will continue. Although the coin has been volatile, such peaks and troughs might be attributable to external sources like the crypto market.
