How to buy luna coin and where to Buy it (Step by Step Guide) - Worldtecharena

How to buy luna coin and where to Buy it (Step by Step Guide)

Luna is a new blockchain protocol coin that powers price-stable global payments systems with fiat-pegged stablecoins. With its huge potential, you wouldn’t want to miss this detailed guide on how to buy luna coin and where to buy it. 

In this easy-to-digest guide, you will get to know:

  • About luna coin 
  • Where to buy it 
  • How to buy luna coin 
  • Can you buy luna on coinbase
  • Can I buy luna on Binance
  • How much is a luna coin worth?

What is Luna?

Luna is a blockchain protocol that was officially launched in April 2019. It powers price-stable global payments systems with fiat-pegged stablecoins, offers fast and affordable settlements while also combining the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC).

Luna is used to stabilize the price of the protocol’s stablecoins. It combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. LUNA has the functionality of a governance token and Luna holders are able to submit and vote on governance proposals, giving it the.

Luna coin is ranked #12 on Coinmarketcap and Coingecko. The current price is $49.76 with a 24-hour trading volume of $1,433,122,047. Recently, LUNA went up 6.8% in the last 24 hours as at the time of writing. It has a total supply of 968 Million and a circulating supply of 400 Million LUNA coins. 

Where to buy Luna coin

LUNA has been listed on a few crypto exchanges like Bitfinex, HitBTC, Binance, and OKEx. However, it is not like other main cryptocurrencies, and cannot be directly bought with fiat money. Luna coin can be bought by first buying one of the major cryptocurrencies, either Bitcoin (BTC), Ethereum (ETH), Binance (BNB), Tether (USDT), from any fiat-to-crypto exchanges and then transfer to the exchange that allows you to trade the Luna coin.

To buy or sell Luna coin, Bitfinex is currently the most active exchange and the best option we recommend. To easily buy this Luna coin, you have to first buy Bitcoin from any fiat-to-crypto exchanges and then transfer to Bitfinex where you can trade this coin. 

How to buy Luna coin (Step by Step Guide)

If you want to know the best exchange available for any cryptocurrency currently trading LUNA coin, Coinmarketcap or Coingecko are the best websites to make use of. To find out the particular exchange, simply go to the above-mentioned websites.  

On Coinmarketcap, search for the LUNA token page. 

To do this, on the homepage, simply type in ‘LUNA’ into the search bar at the top

Below is the direct link to the Luna coin on Coinmarketcap and Coingecko.

https://coinmarketcap.com/currencies/terra-luna/

How to buy luna coin

https://www.coingecko.com/en/coins/terra-luna

How to buy luna coin

From these pages, you’ll get to know all the details about LUNA including their website, what the coin is all about, current price, etc. 

Luna’s goal is to use fiat-pegged stablecoins to set itself apart from other cryptocurrencies, thereby combining the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. 

Step 3: Register on Bitfinex exchange to trade LUNA

Bitfinex is one of the best and most liquid crypto exchanges that allows you to trade large amounts without slippage and delays in the execution of your trades.It is very useful to address the crypto market liquidity problem. A market is liquid when there are few trades. 

To buy or trade Luna coins, you must first register on the Bitfinex website. There is a maximum target supply of one billion tokens in the LUNA network. If it exceeds that, LUNA will be burned until its supply returns to the equilibrium level.

Go to the Bitfinex official website here.

In the upper right corner, click on “SIGN UP”, and fill the form that looks like the image below:

How to buy luna coin

Fill in all fields, and click on “Open Account”.

That is simply how to sign up on Bitfinex. Depending on the bitfinex policies, you might have to go through a KYC process that usually takes 30 minutes to complete. The process is straightforward and easy to follow.

Now to buy or trade LUNA over Bitfinex, log in to your account, then go to the panel on the left side (trading section). 

Make sure you have bought one of the major cryptocurrencies, either Bitcoin (BTC), Ethereum (ETH), Binance (BNB), Tether (USDT), from any fiat-to-crypto exchanges and then transferred it to the Bitfinex exchange.

You will see a search bar. Make sure that “USD” is selected, click on the column, and type “LUNA” into it. Click or select the LUNA/USD pair. In the middle of the page, a price chart of LUNA/USD will display.

Set the kind of order you want to place, it can either be limit order or market order. Limit order means that the trade will be executed only at the price you set or at a better price, while a market order means you can buy or sell cryptocurrencies immediately at the best available current price.

A box with a green button that says “Buy LUNA’ will appear. Click the “Market” tab inside the box. The market tab is the best type of buying order. To choose the amount of BTC to deposit, click the percentage buttons. Or type in the amount directly and click “Buy LUNA”. That’s how to buy a Luna coin.

Questions and Answers

Can you buy luna on coinbase? 

Unfortunately, LUNA cannot be bought or traded on coinbase. LUNA can be bought on a few crypto exchanges like Bitfinex, HitBTC, Binance, and OKEx. 

Can I buy luna on Binance? 

LUNA can be purchased on Binance, stored, and staked in the official wallet of LUNA blockchain network. 

Simply log in to your Binance account, go to the classic or advanced exchange view, type “LUNA” the search bar,” and you will see a list of the available pairs to purchase.

How much is a Luna coin worth?

1 LUNA = 0.01133 USD.

Conclusion 

Luna is a blockchain protocol that  powers price-stable global payments systems with fiat-pegged stablecoins, offers fast and affordable settlements and also combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC).

Bitfinex is currently the most active exchange to buy or sell Luna coins. It is the best option we recommend. To easily buy this Luna coin, you have to first buy Bitcoin from any fiat-to-crypto exchanges and then transfer to Bitfinex where you can trade this coin. 

If you have any questions on how to buy Luna coin and where to buy it (Step by Step Guide), drop a comment below. 

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Posted by
Obed Okwosi

Blogger, Forex trader, Digital marketer.

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