Terra (LUNA) is a high-performance crypto asset that now ranks as the 9th most valuable crypto asset to buy. It’s sometimes referred to as Terra Luna to not be confused with the associated stablecoin TerraUSD (UST), and sometimes as just ‘Luna’ or by its ticker symbol, LUNA.

Investors in the United Kingdom searching for the best ways to buy Terra Luna with low fees can use this guide for proper guidance. Luna has had one of most explosive bull runs of any altcoin in history and still has room to grow in future years.

How to Buy Terra Luna UK – Quick Steps

Follow these steps to learn how to invest in Terra Luna in the UK less than two minutes:

  • ✅  Open an account with eToro – We recommend opening an account on the FCA regulated crypto platform eToro.com.
  • 💳  Deposit – eToro has several payment methods and a reasonable subsequent minimum deposit of $10 or the GBP equivalent.
  • 🔎  Search for Cryptos – eToro is yet to list LUNA but is expected to do so in 2022.
  • 🛒 Buy Crypto – After selecting your crypto, type in how much you want to invest and click ‘Open Trade’ to complete the transaction.

To buy Luna now before eToro lists it, we recommend Crypto.com.

Where to Buy Terra Luna in the UK

Below we review the best cryptos platforms based on structure, security measures, and regulatory oversight.

etoro logo1. eToro – Overall Best Place to Buy Crypto in the UK

eToro is a social trading platform for buying digital assets for low fees. The social trading leader is the number one place to buy crypto in the UK due to its clean user interface, swift setup and myriad of trading features.

eToro provides users with the tools to buy Bitcoin and over 60 other cryptocurrencies. Newbie investors can create profitable trades using its CopyTrader and CopyPortfolio features.

CopyTrader allows new investors to mimic the trading strategies of more experienced traders, allowing them to make substantial profits. CopyPortfolio allows new traders to see the portfolio of expert traders and copy the portfolio by placing trades and investing in the same assets.

The platform charges a 1% fee when buying or selling cryptocurrencies. The minimum deposit on eToro depends on the payment method used and the trader’s region. Additionally, the minimum deposit is $10 for both US and UK customers.

The social trading platform is regulated by top-tier regulatory bodies such as the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), and the Financial Industry Regulatory Authority (FINRA).

For security, eToro uses advanced encryption and masking technologies to protect user accounts. The platform uses Two-factor Authentication (2FA) to ensure that impostors do not gain access to the user accounts.

The exchange supports bank wires, debit cards, PayPal, Skrill, Neteller and other e-wallet options as payment methods.

Pros:

  • Regulated platform
  • Low transaction fees
  • Minimum $10 deposit
  • CopyTrader and CopyPortfolio tools

Cons:

  • High withdrawal fee of $5

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

crypto.com logo2. Crypto.com – Best Trading Platform to buy and trade LUNA

Do you plan to trade Terra Luna in the UK? You should also consider Crypto.com which has listed LUNA already.

Crypto.com is an all-inclusive platform that caters to the needs of both novice and expert traders. The platform provides investors with various tools to trade digital assets like LUNA at low prices, either in spot trading or margin trading, making it one of the best crypto exchanges.

Crypto.com charges are based on a tier system that’s based on the investor’s trade volume. The exchange charges users maker and taker fees on trades at 0.4% for level one users and 0.35% for level two users.

The cost of trading drops as the trader’s volume increases. Holders of the exchange’s native coin Cronos Coin (CRO) are entitled to a 10% discount on the maker and taker fees. Deposits are free on Crypto.com, while withdrawals are not. The withdrawal fees differ from one crypto to another.

Security measures on Crypto.com are a high priority as top regulatory bodies license the platform. Crypto.com is the first global crypto platform to receive from the Malta Financial Services Authority (MFSA) a Class 3 Virtual Financial Assets (VFA) License. It also holds an Australian Financial Service License (AFSL).

Crypto.com holds 100% of user cryptocurrencies offline in cold storage. User fiat currencies are held in regulated custodian bank accounts. The platform also uses Multi-Factor Authentication (MFA).

Besides cryptocurrency trading, the wider site provides investors with a suite of features including crypto savings accounts, debit cards and staking opportunities. Crypto.com users can earn 7% APY on Luna.

On Crypto.com, the minimum bank deposit is 100USDC. Users can purchase assets with credit/debit cards, bank accounts, Crypto.com Pay, or ERC-20-compatible wallets.

The exchange supports up to 250 cryptocurrencies for investors to buy, sell, or trade and 625 assets in its DeFi wallet.

Pros:

  • Wide range of assets
  • Suitable for beginner and expert traders.
  • User-friendly
  • Free deposits

Cons:

  • Complex withdrawal fee structure

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Best Platform for Novice Traders

Coinbase is a highly intuitive platform that caters especially to the needs of novice traders. The crypto trading platform provides beginner investors with access to buy, sell or trade cryptocurrencies. The platform also provides learning programs for novice crypto investors to learn trading strategies and the foundations of cryptocurrencies.coinbase logo

The exchange has a reasonable fee structure. It charges fees when investors buy, sell or convert cryptocurrencies. These fees are calculated when the order is placed and determined by several factors. Some of these factors include the payment method, size of the order, and the market conditions.

Coinbase also charges network fees on transactions of crypto-assets off the platform. Investors are charged a 2% flat fee when they borrow USD from the platform, and the BTC collateral is sold.

Coinbase exchangeThe crypto trading platform complies with the Bank Secrecy Act. The exchange is registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN). The platform is also regulated by the Financial Conduct Authority (FCA).

Coinbase stores 98% of deposits offline in secure cold storage. The platform uses Multi-factor Authentication (MFA) for all accounts, including support for hardware keys.

Coinbase makes it easy for novice traders to invest in Terra Luna in the UK.

The minimum deposit on the platform is set for $2 denominated in the investor’s local currency. This is the lowest initial deposit on our list. Furthermore, Coinbase supports Automatic Clearing House (ACH) transfers, Debit cards, Apple Pay, Google Pay, Wire Transfer, and PayPal. Coinbase supports over 60+ cryptocurrencies to buy, sell or trade.

Pros:

  • Low minimum fee
  • Highly intuitive platform
  • Very secure

Cons:

  • Unclear fee structure
  • Low range of crypto assets

Cryptoassets are a highly volatile unregulated investment product.

4. Binance – Cheapest Platform to buy Terra

Binance is one of the best cryptocurrency exchanges available that provides users with diverse crypto earning opportunities. The platform is one of the best places to buy Terra Luna in the UK as it is quite affordable and provides a wide range of assets to trade with.

Looking for where to buy LUNA crypto for low fees? Binance comes out on top for its low trading fees. While the exchange charges 0.10% as regular trading fees. Investors who own BNB are rewarded with a discounted rate of 25% on their trading fees. They only pay 0.075% as trading fees. That means if you stake $100 to buy Ethereum or Luna, it would only cost you $0.10 in fees. The minimum deposit on Binance is $10.

Binance has a strong earning program that uses a variety of decentralised financial options. The exchange operates a cutting-edge platform that hosts a smart contract platform, the Binance Smart Chain network, on which various crypto projects are created.

binance crypto trading

The platform’s payment methods are e-wallet solutions, bank wire transfers, credit/debit cards, and peer-to-peer (P2P).

Binance allows investors to trade over 600 digital assets, attracting many investors and compensating for the platform’s high trading volume. The exchange platform is not the most user-friendly, so beginners may find it difficult to use.

Pros:

  • Diverse earning opportunities
  • Wide range of crypto assets
  • Low trading fees

Cons:

  • Not suitable for beginners
  • Sparsely regulated

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

What is Terra Luna? Terra coin logo

Terra is a blockchain protocol that uses fiat-pegged stablecoins to empower global payment systems. The network started development in January 2018, and the mainnet was launched in April 2019.

Terra was founded by Daniel Shin and Do Kwon. The network was created to drive rapid adoption of blockchain technology and cryptocurrencies by creating price stability and usability.

The network combines the price stability and adoption of fiat currencies with the censorship-resistance of cryptocurrencies to offer fast and cheap transactions. Terra formulates stablecoins that follow the price of any fiat currency. These stablecoins use a combination of decentralised Oracle voting and open market arbitrage incentives. On the blockchain, users are able to trade, save, spend, and swap Terra stablecoins.

What Is Terra Luna

The protocol offers stablecoins pegged to the US Dollar, South Korean Won, and the Mongolian Tugrik. It keeps a 1:1 ratio to the fiat currency using an algorithm that adjusts stablecoin supply based on demand.

The native cryptocurrency of the Terra blockchain is LUNA. The asset is used to stabilise the price of the blockchain’s stablecoins. The asset delivers staking benefits as well as governance power to its owners. Terra’s ecosystem is a fast-growing network of decentralised applications, resulting in sustained Terra demand and rising Luna prices.

Terra’s core feature is built around stablecoins. These are crypto-assets that track the price of an underlying currency. Terra stablecoins are a digital form of currency that may be used just like fiat currency. However, they have the added advantage of blockchain: faster settlement times, an immutable public record, lower fees, and quicker transactions.

Is Terra Luna a Good Investment?

Wondering if Terra is a good investment for you? We consider Terra Luna as one of the most undervalued cryptocurrencies today. Here are some reasons why you should buy LUNA:

1. Staking Rewards for LUNA Holders

LUNA aims to secure the network by using a mechanism to lock value in the Terra ecosystem. The Terra blockchain is a PoS protocol. This makes the LUNA coin eligible for cryptocurrency staking. LUNA token holders can lock up their digital assets to secure the network from malicious attacks. In return, they can earn an annual percentage yield (APY) on their initial LUNA deposits.

Alternatively you can earn interest on Luna on Crypto.com for up to 7% returns per year.

2. Stablecoins Usage

Terra employs a configurable architecture to provide the market with self-stabilising stablecoins. To keep stablecoin prices aligned to their underlying assets, the network automatically modifies the number of its stablecoins.

3. Anchor Protocol

Terra’s decentralised apps enable unique transaction flows not available in Terra’s native modules. Anchor is a low-volatility deposit-based savings system based on Terra stablecoins. The Terra stablecoin network has offered it as a mechanism for Terra stablecoin holders to gain incentives. Earnings are deposited into Terra stablecoins just like a bank account. Anchor Protocol savings account pays out interest every 7 seconds at a rate of up to 20% per year.

3. Easy Financial Management

Building a transparent environment was a top priority for Terra’s development team. The network was built from the ground up to tackle the complex payments value chain. Terra, for example, employs a single blockchain layer to reduce or eliminate the need for credit card networks, banks, and payment gateways.

4. Interoperability

Terra is all about ecological collaboration and interconnection. The Cosmos IBC joins many chains, letting the network run on multiple chains, so it’s available on Ethereum and Solana. Terra intends to expand its cross-chain capabilities in the near future to accommodate other high-performing blockchains.

Terra Luna Price

At the time of writing, the price of LUNA/USD has completely crashed. We will dive into the specifics of this crash in the following section, although LUNA is now trading at $0.0002. This represents a remarkable 99.9% decrease from the highs of April 2022.

As you might imagine, technical indicators have become irrelevant with a price decline of this magnitude. LUNA is trading well below the 50-day EMA, which measures the short-to-medium term trend. In addition, the price is also far below the 200-day SMA, which tracks the long-term direction of a coin’s price.

LUNA/USD price chart

LUNA’s RSI is now sitting at 14.21%. The general rule of thumb is that an RSI value of less than 30% indicates that an asset has entered ‘oversold’ territory, which usually precipitates a bullish rebound. This has not happened with LUNA, as the RSI value has remained at this level for over ten days now.

Finally, due to the incredible drop, no major support levels can prop up the price – since the price is now trading at just above $0. The flat trading clearly shows that no buyers are entering the market, with little to no movement over the previous ten trading days.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Terra Luna Price Crash – Full Breakdown

No discussion of where to buy Terra Luna would be complete without touching on the dramatic price crash that occurred in May 2022. This crash became one of the most talked-about crypto news events of the year and shook the market to its core.

As an ‘algorithmic stablecoin’, TerraUSD is kept pegged to the US Dollar through advanced algorithms that mint and burn LUNA to maintain price stability. For example, if the price of TerraUSD (UST) were to fall below $1, a specified amount of LUNA would be destroyed. This mechanism would force the price back to $1, thus ensuring UST is permanently pegged to the Dollar.

Although this system is designed to be foolproof, many market commentators expressed concern because TerraUSD is not collateralised by another asset, such as FIAT currency or gold. As such, the foundation of UST relies solely on the stability of LUNA.

TerraUSD price chart

However, in early May 2022, the price of LUNA dipped dramatically – causing UST to de-peg from the Dollar. The algorithm then failed to rectify the issue by burning LUNA, which caused concern amongst investors. Fear and panic set in, meaning that a huge sell-off occurred, causing LUNA to lose over 99% of its value.

At the time of writing, TerraUSD is trading at $0.06 – way below the $1 level that it is meant to be at. Ultimately, this ‘black swan’ event has caused investors to lose faith in the Terra ecosystem, as this has been deemed a catastrophic failure of the stablecoin system. Time will tell whether UST ever regains its peg, but for now, it seems like investors are fleeing as fast as they can.

Terra Luna Price Prediction

Terra (LUNA) is a blockchain protocol that supports a worldwide payment system by using stablecoin assets denominated in fiat currencies. Terra, unlike other stablecoins, combines price stability and increasing fiat currency adoption with Bitcoin (BTC) censorship while providing rapid and economical transaction processing.

Investors were first allowed to purchase LUNA in private token offerings on a few major exchanges. Terra raised $32 million via the sale, which ended in August 2018.

Terra (LUNA) was priced at $1.34 a year later, on August 2, 2019. The price then skyrocketed on August 14, reaching $1.40. This rise, however, was followed by a drop. The price of LUNA was $0.26 until the end of the year.

The DeFi and stablecoin developments of Terra Protocol boosted LUNA’s market cap to $200 million in 2020. Terra (LUNA) then delivered another outstanding performance. On December 27th the price of LUNA increased to a 2021 high of $102.73.

Luna price charts 6 months till date

Terra Luna price chart (6 months till date) | Source: TradingView

For investors who want to buy Terra Luna token, the crypto asset currently trades at $87.67, ranking ninth in terms of market capitalisation among the world’s most extensive crypto lineup.

According to DeFiLlama, Terra’s total value locked (TVL) in December 2021 was $19.32 billion, up over 36,250 per cent from the TVL on January 1, 2021, which was only $53.15 million. Currently, it has a $26.44 billion total value locked.

Furthermore, the Luna Foundation Guard (LFG) established a collaboration with the Avalanche Foundation and said it would buy $100 million worth of Avalanche (AVAX) on an over-the-counter (OTC) market. The $100 million AVAX will be used to diversify the project’s UST Decentralised Forex Reserve reserves.

LFG also acquired 5,040 bitcoin (BTC) on April 6, bringing their total BTC stash to 35,767.98 Bitcoin. LFG received another huge quantity of bitcoin on April 10 when it deposited 4,130 bitcoin worth $176.1 million into its bitcoin wallet. The first transaction made to the LFG wallet was 1,482 BTC, the second was 492 BTC, the third transfer was 1,174.99 BTC, and the fourth was 981 BTC. The address receives a slew of BTC dust transfers regularly, in addition to the big bitcoin deposits resulting from Terra’s purchases.

Terra price charts forecast

Terra price forecast (2022 -2025)| Source: TradingView

Using today’s BTC exchange rates, the LFG bitcoin wallet currently has 39,897.98 bitcoin worth $1.7 billion after depositing 4,130 bitcoin. Since its creation, the wallet has seen a total of 66 transactions or deposits, but 0 bitcoin has been paid out.

LUNA is already fundamentally bullish, and further highs are possible if the price closes at 100 USD. Terra (LUNA) is a cryptocurrency that many crypto experts consider to be very appealing because it has a lot of promise and ambition as a medium of trade and payment. Another reason is that Terra (LUNA) has joined the top ten most valuable cryptocurrencies by market capitalization.

Following an increasing trend in 2022, we estimate that the value of LUNA may decline in 2023. However, a broader market bull run could see it rise and break above, and LUNA pricing at the end of the year might reach $170 USD.

Ways of Buying Terra Luna

There are several options for investors who want to buy Terra Luna in the UK. This section considers some of the best options available:

1. Buy Terra Luna with PayPal

Are you searching for how to buy Luna crypto with a reliable payment app? Look no further than PayPal.

PayPal is one of the most popular online payment systems, allowing users to send money to procure goods and services. Today, PayPal is also used to buy cryptocurrencies like Bitcoin. However, there is no direct option to purchase Luna Coin on the payment system.

For investors who have funds in their PayPal account, they can use the payment gateway as a funding option on eToro. Simply choose PayPal as a deposit option and you’ll be swiftly connected to your PayPal account to authenticate your login to buy Terra Luna.

2. Buy Terra Luna with Credit card or Debit card

Today, there are many options to buy BTC with credit cards, but can you buy Terra Luna tokens with credit or debit cards? Yes, you can. Credit and debit cards are now popular options for those looking for ways to buy LUNA. Cards are commonly used to complete daily transactions.

Debit cards serve as a worthy substitute for cash and checks. On the other hand, credit cards offer more fraud protection, making them ideal for online purchases. Before making a purchase, double-check the costs associated with the card. Fees vary by card maker, and transaction size and location can influence your fee structure. An instance is Coinbase which charges 3.99% for debit card transactions. However, eToro does not charge fees for deposits.

Best Terra Luna Wallet

Wallets are an important part of your investment journey because they help you store your coins. Cryptocurrency wallets are a form of software connected to an asset’s blockchain. Crypto wallets work like a combination of traditional wallets and bank accounts, offering seamless transactions and asset storage.

There are different types of crypto wallets. These are the most prominent ones:

  • Hardware wallets: These are physical devices that allow you to store your coins offline. Thanks to their offline storage, hardware wallets are comparatively harder to hack than other wallet types.
  • Software wallets: Software wallets are applications that are installed on your device. They enable quick and seamless transactions. Note that you are to ensure that your device remains malware-free.

We recommend using the eToro Money wallet if you’re looking to invest in Terra LUNA.

The eToro Money crypto wallet is a multi-asset wallet that offers access to over 120 cryptocurrencies. The mobile wallet is seamless and effective, offering quick and secure transactions whenever you want. Security tools available with the eToro Money wallet include two-factor authentication (2FA) and analytic behaviour machine learning. The wallet also uses different encryption levels, especially for transaction processing. The wallet is available on both Android and iOS devices.

How to Buy Terra Luna in the UK – eToro Tutorial

1. Sign up on eToro

etoro signupHead to the eToro homepage and create an account. Enter your email and username, and verify your account by clicking on the link that eToro sends to you.

Thanks to eToro’s quick signup process, this should take you no more than five minutes.

2. Verify your identity

eToro, as a regulated broker, requires that you verify your identity. Failure to do this will restrict you from accessing the broker’s full suite of features – including deposits and trading.

To verify your identity, click on the prompt on your profile page, and submit your proof of residence and government-issued ID.

3. Deposit

etoro deposit funds

On your profile page, click on the “Deposit Fund” button. eToro allows you to fund your wallet using different methods, including bank transfers (for some countries), cards, e-wallet service providers, and payment processors.

Remember that the broker has a minimum balance of $10 for most countries.

4. Buy LUNA

Once your wallet is funded, head to the search bar and type in “LUNA”. Tap on “Open Trade” when you see the search result and enter your desired purchase amount. Review the terms and click “Open Trade’. Your position should be opened immediately.

How to Sell Terra LUNA

Just as it is with buying, eToro has a simple process for you to follow when you want to sell LUNA:

  • Select “LUNA” from the assets in your portfolio.
  • Click on the red cross to the right to close the trade.
  • eToro will display the coin’s value and the attached profit or loss.
  • Click on “Close Trade”, and the asset will be delivered to your wallet.

Conclusion

The Terra ecosystem is one of the most promising blockchain projects. With stablecoins becoming a more widely accepted means of accessing the crypto space, this ecosystem is in a good position to become one of the building blocks of the future global financial system. Terra’s LUNA token has shown massive growth, even with the successive market downturns experienced this year. Analysts and investors are excited about what the future holds for the token.

Looking for how to invest in Terra LUNA? We recommend you get started with eToro. Thanks to its easy-to-use interface and growing catalogue of cryptocurrencies available for trading, the broker has become a top option among crypto enthusiasts.

etoro logo

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Frequently Asked Questions on Where to Buy Terra Luna

What is Terra LUNA coin?

Where can I buy Terra Luna in the UK?

Should I buy Terra LUNA?

How do I buy Terra LUNA coin in the UK?

What will Terra LUNA be worth?

Stay Connected

Join over 100,000 of your peers and receive our weekly newsletter which features the top trends, news and expert analysis to help keep you ahead of the curve