Crypto investment is one of the most lucrative opportunities to make money these days. This is facilitated by the growing popularity of digital coins, and consequently, the growth of value. Terra LUNA is a native token on the Terra blockchain, which you can buy as a crypto investment. And the best thing is that the platform supports other stablecoins as well.
You need to know how to buy LUNA if this is your interest. For newbies, the process might be overwhelming unless you know how to go about it. There is no need to worry as we will guide you.
How to Buy LUNA – Understand the Market
Terra blockchain has been doing well, especially because it promotes different projects and protocols and accepts trading of different stablecoins and tokens. Terra LUNA, the native crypto coin in the blockchain, is used to regulate the stability of the blockchain.
Most importantly, it is pegged to the US dollar, which makes it very stable and less volatile. Once you buy LUNA, your chances of losing are lower than many other cryptocurrencies.
Choosing a Platform to Buy From
Legit crypto markets such as Loop will guide you on how to buy LUNA on a Terra station, Terra Chrome extension, and any other legit platform. Terra has also integrated with many other platforms, so you need to choose well.
Before you choose a platform, look at its popularity and positive reviews to know whether it is legit or not. Luckily, the web is full of all the information you need.
Get a LUNA Wallet
As you continue learning how to buy LUNA, you should know that you need a wallet before the purchase. A digital wallet is virtual software to store your coins. The Terra station wallet is the best, but not the only one that you can use.
So, check all other options that you can use, their benefits, and their weaknesses, and make the right decision.
How to Buy LUNA
Now that you have the wallet, it is time to buy LUNA. So, do you know how to buy LUNA? The process is very simple and straightforward. First, check the payment option and prepare the payment. Apart from paying with fiat money such as US dollars, you can also do a crypto swap.
You might be required to register on the platform or just buy to your wallet. It all depends on the guidelines they give.
How to Use LUNA
Once you buy LUNA, you can enjoy numerous benefits such as participating in governance, mining, paying of Terra bills, and others. The good thing is that you can also invest your LUNA to earn interest. So, check how much APY you are likely to get if you lend the coins for yield farming. Lastly, LUNA will give you an opportunity to qualify for airdrops as well.
Now that you know how to buy LUNA, it is time to decide whether you want to do this kind of investment or not. It is a good investment now that Terra is a stable blockchain with many opportunities. You need to check it out.