EN 
ID Did you know that behind every risk, there are hidden opportunities that may not be explored? Terra (LUNA), a crypto asset full of controversy, has indeed brought a breath of fresh air and a storm to the investment world. While the risks inherent in Terra LUNA cannot be underestimated, the potential rewards are also promising for those willing to dive in and understand the ins and outs.
That's why, exploring Terra LUNA requires proper guidance for the right decisions. In this article, we will provide information on the three best exchanges to buy Terra LUNA and a brief history of the LUNA coin itself.
Daftar Isi.
What is Terra LUNA?
Terra LUNA is a blockchain platform that is attracting attention in the cryptocurrency world. This project is not only a digital currency, but also an open blockchain ecosystem that supports smart contracts. In the Terra ecosystem, the main token used is LUNA, which plays a key role in maintaining network stability and operations.
Terra has two different token versions, namely Luna Classic (LUNC) and Terra LUNA 2.0. LUNC was the original version of the Terra token that experienced a dramatic drop in value in May 2022. This was mainly due to issues with the UST stablecoin which experienced hyperinflation, causing a significant drop in value.
In response to this crisis, Do Kwon, founder of Terra, launched Terra 2.0. This new version is designed to be separate from previous issues, supports LUNA staking, and has a supply capping system to maintain its stability.
Unlike LUNC which is still linked to the USTC stablecoin, LUNA 2.0 is not tied to any stablecoin. It provides a fresh start with a fixed supply of 1 billion tokens. Token burning efforts have also been undertaken to reduce the excess supply of LUNC and attempt to increase its exchange rate.
These key differences between LUNA (Terra 2.0) and LUNC (Terra Classic) are important to understand. These two tokens, although they come from the same project, have different histories, functions and future prospects. This awareness is critical for investors and users in navigating the Terra ecosystem.
Things to Pay Attention to Before Buying Terra LUNA
Considering LUNA's history of falling in 2022, we need to pay attention to several things that need attention.
Currently, the price of Terra LUNA is around Rp. 11,320 with a market capitalization of Rp. 6,892,800,000,000, placing it as the cryptocurrency with the largest market capitalization at 88th.
Despite the high market cap, it is important to understand that investing in Terra LUNA carries high risks, especially considering its significant price fluctuations. It can be seen from the last 30 days, the price of LUNA has fallen by around 21,40%. This shows the high volatility and risks that investors must face.
However, if you are interested in investing in luna tokens, it is important to consider the things below to avoid big losses.
- Importance of Asset Diversification: Asset diversification is an important step to balance a portfolio and reduce the risk of loss. Don't rely completely on one crypto asset like LUNA.
- Understanding Crypto Investment Risks: Investments in the crypto market, including Terra LUNA, carry very high risks. It is important to understand the blockchain technology and market dynamics that influence the price of LUNA.
- Long Term Approach: Given the volatility of the crypto market, a long-term investment approach is usually more advisable than looking for quick profits. This will help in managing expectations and risks.
- Using Technical Analysis: Use technical analysis to make more informed buying decisions, especially if you plan to buy when prices drop. This requires a deep understanding of price charts and market indicators.
- Information Based Decisions: Always update with the latest news and market analysis to make more informed decisions. Remember that your investments can be high risk and the value of investments can go down as well as up.
Steps on How to Buy Terra LUNA
Ready to dive into the world of crypto and buy Luna? Taking into account the strong trading volume, we have summarized the easy steps to buy Terra LUNA on the three best platforms in Indonesia. We will also explain the brief features of the three platforms for buying Luna tokens, so that you understand the advantages of these three platforms.
Binance
The advantage of buying Terra LUNA on Binance is the low transaction fees, only 0.10%-0.40%, which can be cheaper with payments via Binance Coin. Binance, popular for its high order execution speed, supports a wide range of crypto assets, including many LUNA trading pairs. Process onboarding The easy and beginner-friendly user interface allows instant LUNA purchases with a minimum capital of $1.
Here's how to buy Terra LUNA on Binance:
- Create an Account on Binance:
- Register via the Binance app or website using your email and mobile number.
- Complete the account verification process to meet identity verification requirements.
- Select Terra LUNA Purchase Method:
- Click the “Buy Crypto” link on the Binance website.
- Purchase options include using a credit/debit card (Visa or MasterCard), bank deposit, or third-party payment channels.
- Consider buying a stablecoin like USDT first, then use it to buy Terra.
- Check Payment Details and Fees:
- Confirm your order within 1 minute at the current price. After 1 minute, the order price may be recalculated based on market value.
- Save or Use your Terra LUNA:
- After purchase, you can store Terra LUNA in your personal crypto wallet or store it in your Binance account.
- You also have the option to exchange Terra for other cryptos or stake for passive income.
Tokocrypto
As exchange Officially registered with Bappebti, TokoCrypto offers high security and trust for your crypto transactions. Another advantage of buying Terra LUNA on Tokocrypto is the trading schedule which is open 24 hours. With a flexible order system, both taker and maker, you have full control over your transactions. Withdrawing funds is also practical, both in Rupiah and Terra, directly to your account or wallet.
- Create an Account at TokoCrypto:
- Register via the TokoCrypto application or website by filling in basic information such as name, email and address.
- Complete the identity verification (KYC) process by uploading an ID photo and taking a selfie with certain movements.
- Select Terra LUNA Purchase Method:
- Make a deposit into your TokoCrypto account, either in Rupiah or in the form of crypto assets such as Terra LUNA or other crypto currencies.
- Use various payment methods available such as bank transfer, e-wallet, or cash deposit.
- Selecting and Determining Asset Pairs:
- On the TokoCrypto platform, select the desired asset pair, such as Terra LUNA against Rupiah (IDR) or against USDT.
- Make a Purchase Transaction:
- Determine the type of order you want, between limit (maker) or market (taker).
- Enter the price and quantity of Terra LUNA you want to purchase, then follow the steps to complete the purchase.
Indodax
Indodax has reopened LUNA trading after previously being withdrawn due to Terra network instability. This shows the platform's commitment to protecting the assets of its members. Apart from that, Indodax also offers 2 account modes for its users, Pro and Lite. The Pro account is aimed at investors or traders who are experienced and want high flexibility and advanced features. The Lita account, on the other hand, is aimed at investors or traders who are just starting their investment journey.
Here's how to buy Terra LUNA on Indodax:
- Create an Account on Indodax:
- Register via the Indodax application or website by filling in your name, email and address.
- Complete the identity verification (KYC) process by uploading a photo ID and performing photo verification.
- Select Terra LUNA Purchase Method:
- Make a deposit into your Indodax account, either via bank transfer, e-wallet, or other available payment methods.
- Check Payment Details and Fees:
- Determine the amount of Terra LUNA you wish to purchase and check the payment details and applicable transaction fees.
- Save or Use your Terra LUNA:
- After purchase, Terra LUNA can be stored in your Indodax wallet or personal crypto wallet.
- You can also trade or stake Terra LUNA to earn passive income.
Frequently Asked Questions (FAQs)
How much does Early Terra Luna cost?
At the start of its launch, Terra LUNA was offered at a price of around IDR 11,547 per coin. In April 2022, this digital currency will reach its peak value, namely around IDR 1,725,525 per coin. With a market capitalization that reached around IDR 577.34 trillion, Terra LUNA was ranked sixth as the crypto asset with the highest market capitalization.
What Can You Do with Terra (LUNA)?
With Terra (LUNA), you can explore the unique world of stablecoins and participate in important decisions through its staking and governance systems. LUNA is not only a cryptocurrency, but also an opportunity to support and validate transactions on the Terra blockchain, as well as mint stablecoins such as UST whose value is tied to fiat currency without the need for fiat itself. It's all thanks to blockchain technology and a smart consensus mechanism.
What is Terra Luna Alternative
Terra Luna Alternative, or LUNA 2.0, is an updated version of the Terra cryptocurrency, created as a regeneration strategy post-UST/Luna collapse. LUNA 2.0 operates with a proof-of-stake consensus mechanism and seeks to restore trust through new initiatives in the Terra ecosystem. Unlike LUNA Classic, LUNA 2.0 is a new chain with different tokens, created to overcome previous problems and bring freshness to the Terra project in a more secure and stable way.
What is Luna Classic?
Luna Classic, or LUNC, is the original version of the Terra Luna coin that was born from a “fork” in the Terra network. The story begins when the UST Luna token experiences a drastic decline in value. After this incident, a new Terra network emerged, leaving behind the old network which is now known as Terra Classic. In the Terra Classic network, the original Terra Luna coin was renamed Luna Classic or LUNC.
What is the highest price for Terra Luna?
The highest price Terra Luna (LUNA) has ever achieved is IDR 292,485. This record high was achieved on May 27, 2022. Since then, LUNA's journey has been up and down. Currently, the price is more stable at around IDR 10,752.35.
