What is Terra
Terra (LUNA) is a blockchain protocol that uses fiat-pegged stablecoins to enable price-stable global payments systems. Terra states that it combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. As of September 2021, Terra offers its stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies. It intends to roll out additional options in the future. Terra's native token "LUNA" is used to stabilize the price of the protocol's stablecoins. Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts the stablecoin supply based on its demand. You can safely and reliably buy and sell LUNA on LiteBit.Buy Terra
Create an account
If you do not have a LiteBit account yet, you can easily create one, for free. You can sign up directly on our website or download our app. After that, you can instantly verify your identity with a valid passport or ID card. Having trouble? Our Customer Support is available to help you, 24/7. With the LiteBit app, you can trade anytime, anywhere with instant access to your portfolio.
We believe buying crypto like Terra, should be made simple. To buy Terra, you log in to your account in your browser or in your app. You can track the current rate of LUNA in your app, too. When you are satisfied with the rate of the cryptocurrency, you click on the crypto you want and hit the “Buy” button. And selling is just as easy! LiteBit offers multiple payment methods, like creditcard and SEPA payment.
Store Terra safely
At LiteBit, you get a personal and free wallet. A wallet is somewhat like a bank account. You can store your cryptos safely in your own wallet. After you have purchased Terra, your crypto will show up in your LUNA wallet. Your wallet gets a unique wallet address, and you can both buy and sell your cryptocurrency from your wallet.