In 2022, this might be one of the most catastrophic events in crypto history, when Luna has gone from $116 all the way down to $0.0004. Almost $60 Billion of market value was wiped out in just 3 days. Just 7 days prior to the collapse, Do Kwan, the CEO and founder of Terra Luna was caught being a little bit too arrogant.
So many people from Billionaires to celebrities like KSI to even the little ones got hurt in this crash. If anyone had invested $1,000,000 just a few weeks ago in Luna, would now be worth a whipping $2.
The scale of this crash took the entire crypto market down with the total crypto market cap got hit $400 Billion in just three days. After that Luna returned in the form of Luna 2. Then it saw a $73000 return in just a few hours. In this article, we’ll talk about what Luna crypto is, how to buy luna crypto, its chances for investment, and where you can get this online money.
A Brief Overview of Luna Crypto
What is Luna Crypto? Terra is the blockchain ecosystem created by the controversial founder Do Kwan. It is among the top cryptocurrencies, has plenty of third-party applications built on the top of its blockchain, and even has one of the most passionate communities calling themselves Lunatic.
Luna is special because of how it’s made. It has a smart way of keeping its stablecoin partners steady in the Terra system. This new idea has caught the eye of people who like cryptocurrency and big money groups. This makes Luna important in the changing world of online money.
How to Buy Terra Luna Crypto? Step-by-Step Guide
For those interested in acquiring Luna crypto, just make sure that you know, you can’t deposit the terra Luna directly on your trust wallets. There you must use PEP20.
- Choose a reputable cryptocurrency exchange that supports Luna Crypto. Exchanges like Binance, Huobi, and KuCoin often offer Luna trading pairs.
- Sign up for an account on the selected exchange. You must provide your email address, create a password, and complete any necessary verification steps.
- Depending on what the exchange asks for, you might have to prove who you are by giving them your personal details and papers.
- You can get PEP20 address by simply dropping down that says more on the Coin Market App.
- Now copy BNB Smart Chain. Then minimize the browser.
- Open up your trust wallets.
- Click on Pancake Swap.
- When the screen opens up, click on the three dots at the right top of the screen.
- Click on Ethereum and then BNB smart chain.
- You then proceed to connect your wallet by clicking on connect wallet.
- You can also click on the cake option, then paste the contact address we copied on the search bar.
- You can see Luna in the option. Click on it.
- It will load the assets there and then click on the amount percentage you are willing to trade your BNB for.
- Click on swap and confirm it.
- Now add Luna to your wallet. Now, Luna, we have bought Luna in exchange for some of our BNB.
- While some exchanges offer wallet services, it’s recommended to transfer your Luna crypto to a personal wallet for added security.
Where Can You Buy Luna Crypto?
Luna crypto is available on various cryptocurrency exchanges around the world. Some prominent exchanges where you can purchase Luna include Binance, Huobi, OKEx, and KuCoin. These trading places have pairs for big digital money like Bitcoin (BTC) and Tether (USDT). This makes it easy for you to get Luna using these famous online coins.
Buying Luna Crypto on Binance- A Quick Look
Binance, a big online money place, is a good spot to get Luna crypto easily. If you’re wondering, Can I buy Luna coin in Binance? The answer is yes. Follow these steps to buy Luna on Binance:
- Create a Binance account and complete the necessary verification.
- Deposit funds into your Binance account using supported cryptocurrencies or fiat currencies.
- Search for the Luna trading pair (LUNA/BTC or LUNA/USDT) on the Binance trading platform.
- Place a buy order for the desired amount of Luna crypto and confirm the trade.
Buying Luna Crypto Using Mobile Apps
Which app I can buy Luna crypto? Lots of online money places have phone apps that are easy to use. You can buy, sell, and take care of your digital money with these apps. For example, Binance has a phone app you can use on both Android and Apple devices. Simply download the app, create an account, deposit funds, and initiate a Luna crypto purchase following the same steps outlined earlier.
Is Luna Crypto a Good Investment?
Just like when you’re deciding on any investment, it’s important to do a lot of looking into and thinking before you decide to invest in Luna Crypto. People are interested in Luna because it does things differently with special computer tricks to keep the cryptocurrency market steady.
However, the value and potential returns of any investment are subject to market dynamics, technological advancements, and regulatory changes. It’s smart to talk to money experts and do your homework before you decide about investments.
Luna crypto is interesting in the world of online money. It has cool tech and a special job in the Terra group. If you’re thinking about putting money in Luna, know that all investments have risks. Do lots of looking into it. If you do it smart, Luna Crypto might join your mix of investments and give you chances in the new money world. Just be careful and ask money experts before deciding.Verdict