How to buy Terra (LUNA) in Australia

A beginner's guide to buying and selling LUNA in Australia.

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How to buy Terra

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Terra.

  1. Open an account on an exchange that supports LUNA.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Terra.
  3. Buy Terra.
    Complete your Terra purchase and then find the best wallet to store LUNA.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Terra?

Terra is a decentralised financial payment ecosystem that makes use of a basket of stablecoins that are stabilized via the use of the platform’s native crypto offering, “LUNA.” The ecosystem is geared towards the use of stablecoins for payment. As of December 2020, it has been used to facilitate around $300 billion worth of transactions for over 2 million users. LUNA can be earned through staking. It is the asset that powers Terra's DPoS (Delegated Proof of Stake) blockchain. It serves three primary functions: it allows users to participate in staking through delegating, it provides stability to the value of Terra stablecoins and it provides the platform’s validator nodes with various incentives for their time and effort.

Terra (LUNA) is the 12nd largest cryptocurrency in the world by market cap, valued at $17,873,110,989. The current price of Terra is $44.63, which is 2.831% higher than yesterday. Prices have ranged between $45.44 and $42.33 over the past 24 hours. All prices are listed in US dollars and accurate as of October 26, 2021 11:10 UTC.

Where to buy Terra

Find an exchange to buy, sell and trade LUNA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

308
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

284
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

272
cryptocurrencies

Promo: New users earn up to USD 100 in bonus rewards on qualified deposits and trades. Valid till 31 December 2021. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

276
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

166
cryptocurrencies

Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Buy 160+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Coinstash Cryptocurrency Exchange
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID, Bank transfer (recurring buy), OSKO
AUD

123
cryptocurrencies

Buy 120+ different cryptocurrencies using AUD with competitive trading fees in the Australian market.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

434
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
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Is it a good time to buy Terra?

The technical analysis gauge for Terra displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Terra based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Terra: moving averages, oscillators and pivots. Finder is not responsible for how LUNA performs.


Terra at a glance

Information last updated October 26, 2021 11:10 UTC.
Coin symbol LUNA
Coin Marketcap US$17,873,110,989
Total LUNA supply 970,349,840
Circulating LUNA 401,124,454
Current price US$44.63
All time high US$49.70
Notable team members Daniel Shin, Do Kwon
Partnerships Solana, Chai, Velo Labs, Axelar
Industry Payments system
Token uses Staking, price stability
Network Terra

Terra price performance over time

Historical prices compared with the price of US$44.63.

1 hour 0.46%
24 hours 2.83%
7 days 24.71%
14 days 14.44%
30 days 17.20%
60 days 63.15%
200 days 183.16%
1 year 14,382.78%

How to sell Terra

You can cash out your LUNA with the same exchange you bought it through:

  1. Sign in to the exchange you have LUNA on.
    If you store your Terra in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of LUNA you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Terra.

What to consider when buying Terra

Key considerations to weigh before you add LUNA to your portfolio:
  • Governance protocol: The Terra platform makes use of a DPoS protocol where users can stake their LUNA tokens in order to facilitate transactions. Also, by virtue of being a PoS blockchain, validators who have staked more LUNA tokens possess a better chance of mining the next block as compared to those who have fewer tokens invested in the platform.
  • Unique price volatility mechanism: Since LUNA stakers/holders are responsible for maintaining the security of the Terra ecosystem, there are certain price volatility risks that are associated with the cryptocurrency. This is primarily due to the fact that the protocol exchanges Terra stablecoins for LUNA at their determined exchange rate so as to balance out their values. Simply put, when demand is high, the platform’s native algorithm automatically sells Terra stablecoins. Conversely, when demand reduces, the algorithm buys Terra stablecoins in exchange for the system’s existing LUNA reserves, thereby mitigating any short-term volatility risks.
  • Fully functional ecosystem: Unlike a number of proposed blockchains that present highly attractive features on paper, the Terra ecosystem is already generating a lot of value for its users. Terra generates more revenue than almost any other blockchain, lagging only Bitcoin and Ethereum.
  • Backing and adoption: The Terra ecosystem was incubated by the Terra Alliance, a conglomerate consisting of 15 e-commerce companies based out of Korea as well as other parts of Southeast Asia. Furthermore, the Terra blockchain is being utilized by one of South Korea’s most popular payment apps, CHAI, which as of March 2021, facilitates around 100,000 transitions daily (worth around $1 million) and boasts a user base of more than 2.3 million users.

Disclaimer: Cryptocurrencies, including Terra, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LUNA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Terra or any other cryptocurrency discussed.


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