A Step-by-Step-Guide on how to buy Terra (LUNA)
Step 1 – Signup to CEX.io You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Terra (LUNA) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (LUNA) Terra Once your deposit has been affirmed, you'll immediately have access to your funds and you can initiate buying and trading. To buy (LUNA) Terra on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To spot (LUNA) Terra, you'll need to put the short name of the asset (LUNA) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “LUNA/BTC” to proceed.
Step 4 – Purchasing (LUNA) Terra As soon as you've spotted (LUNA) Terra, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the latest valuation (LUNA) Terra was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of LUNA you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete quantity of LUNA. If you are satisfied, click on “Buy LUNA”. Your plan will be filled when a Vender sells their LUNA for the price you submitted.
Step 5 – Withdraw Terra (LUNA) Unless you're frequently trading, you should never keepyour coins on an Exchange for an extended time frame. To withdraw your Terra (LUNA), go to the ”Funds” tab and mouse click on “Withdraw”. Terra (LUNA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Terra (LUNA) by using the provided drop-down box. Put into the volumen of Terra (LUNA) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.