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How to buy TerraClassicUSD (USTC) in Australia

Learn how to buy TerraClassicUSD (USTC) on 15+ crypto exchanges in our step-by-step guide.

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You can buy TerraClassicUSD (USTC) on a cryptocurrency exchange like Digital Surge. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. TerraUSD is a Korean stablecoin built on the Terra network. Here's how to buy TerraClassicUSD.

How to buy TerraClassicUSD in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy TerraClassicUSD is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit $ using the payment method that best suits you – bank transfer, cryptocurrency, poli and osko payments are widely accepted.
  4. Buy TerraClassicUSD
    You can now exchange your funds for TerraClassicUSD. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your TerraClassicUSD to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy TerraClassicUSD in Australia

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

1 - 5 of 14
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

303
cryptocurrencies

Finder Exclusive: Receive $10 BTC on sign-up and verification.
An Australia-based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

368
cryptocurrencies

CoinSpot lets you buy, sell and swap 100s of cryptos from its simple-to-use desktop or app trading accounts.
FTX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, PayID, Credit or Debit Card
USD, EUR, GBP, AUD, HKD, SGD, TRY, ZAR, CAD, CHF, BRL

276
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

371
cryptocurrencies

Earn up to USD100 in rewards by completing welcome offer tasks within 7 days of sign up. 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.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

278
cryptocurrencies

Finder Exclusive: Get $10 BTC after verification. T&Cs apply.
Buy 280+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy TerraClassicUSD?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy TerraClassicUSD?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading TerraClassicUSD.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing USTC with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

Where can I buy TerraClassicUSD with a credit or debit card?

Once you've created an account, you will need to deposit funds to buy USTC with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy USTC on the following exchanges:

Exchange
Bank deposit
Card deposit
Crypto deposit
Buy USTC
Go to Digital Surge Cryptocurrency Exchange
Go to CoinSpot Cryptocurrency Exchange
Go to FTX Cryptocurrency Exchange
  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase USTC by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for USTC on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy TerraClassicUSD?

The easiest way to buy USTC is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying USTC, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of TerraClassicUSD has been performing recently.

Best TerraClassicUSD wallets to store your USTC

You can keep your USTC on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.

Recent TerraClassicUSD developments

May 13, 2022: The price of UST continued to fall and it was trading as low as 13 cents today, well below its $1 peg. Due to halts by some brokerages and the blockchain it may be difficult or impossible to trade at this writing.
May 11, 2022: UST fell briefly below 30 cents as efforts to restore it to its $1 USD fixed price continue. The effort has tanked the price of LUNA and put pressure on Bitcoin.
May 10, 2022: UST fell below its $1 target, leading to big losses in its sister coin LUNA as its backers tried to restore stability.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is TerraClassicUSD a good investment?

All cryptocurrency purchases should be fully evaluated for both risk and potential upside. With regards to TerraUSD (UST), here are a few things to consider.
  • Competition. Stablecoins are prominent throughout the cryptocurrency ecosystem. Tether USD (USDT) and USD Coin (USDC) own the lion’s share of the stablecoin market. UST is in direct competition with them. What sets TerraUSD’s token apart is its interchain capabilities. The tokens success will largely depend on whether other stablecoin protocols develop similar cross-chain functionality in the future.
  • Use-case. Investing in a stablecoin is different to buying a volatile cryptocurrency, like Bitcoin. The purchase will not be a speculative investment with the hope that the token’s value will go up. Barring a major exploit or bug, TerraUSD will always remain pegged to $1. The UST token is primarily used to access lower fees on transactions, staking or to avoid volatility.
  • Interoperability with dApps. Thanks to the associated ‘Dropship’ bridge, a major advantage of UST is its interoperability. For continued success and increased adoption, Terra will need to develop compatibility with new and existing platforms in the DeFi ecosystem.

Additional information about TerraClassicUSD can be found using our USTC analysis tools.

Today's TerraClassicUSD price versus ATH

Compare today's price of TerraClassicUSD ($0.01116235 USD) against its all-time-high price of $1.092 USD on 11 January 2021. The closer the bar is to 100%, the closer USTC is to reaching its ATH again.

TerraClassicUSD's price: $0.01116235 USD
ATH date: January 11, 2021
1.02%

TerraClassicUSD ATH: $1.092 USD


How to trade, convert or sell TerraClassicUSD

You can convert or sell your USTC with the same exchange you bought it through:
  1. Sign in to the exchange you have USTC on.
  2. If you store your TerraClassicUSD in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of USTC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of TerraClassicUSD.
  6. Complete your transaction and move your USTC to a wallet for storage.

Disclaimer: Cryptocurrencies, including TerraClassicUSD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of USTC 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 TerraClassicUSD or any other cryptocurrency discussed.

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