This article will introduce you to the go-to cryptocurrency in 2022 – Terra. There are many different ways to buy Terra, but we will concentrate mostly on how you can go about buying Terra with the world’s most popular payment method, PayPal.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy Terra Luna – Quick Steps
Want to buy Terra Luna right away? You can get started in just 4 simple steps:
- Step 1: Open an account with eToro. eToro is our top-rated crypto exchange to buy Terra Luna. Head to eToro’s website and click Join Now to open a new account.
- Step 2: Deposit. eToro requires a minimum deposit of $50, which you can make by credit card, debit card, PayPal, Neteller, Skrill, or bank transfer.
- Step 3: Search for Terra Luna. Search for LUNA and click Trade when it appears to open a new order form.
- Step 4: Buy. Enter the amount of Terra Luna you want to purchase, then click Open Trade.
What is Terra?
Terra is a blockchain technology that uses a set of algorithmic decentralized stable coins to power a vibrant ecosystem. Terra’s value almost doubled in February, rising from as low as $47 to $91. It occurred around the start of the Russia-Ukrainian conflict.
Daniel Shin and Do Kwon founded Terra in January 2018. Although still relatively new, Terra has established several partnership relationships with various payment platforms, especially in the Asia-Pacific region.
Terra protocol creates stable coins to track the price of any fiat currency using a combination of open market arbitrage incentives and decentralized Oracle voting. Terra’s blockchain allows users to spend, save, trade, and swap Terra coins.
Before purchasing Terra, you have to first mint it. All the payments are made with LUNA, consumed by the protocol. The protocol burns LUNA, limiting its availability and raising its price slightly.
Terra is a blockchain protocol that uses coin assets valued at fiat currencies to support a global payment system. Terra combines price stability and greater adoption of fiat currencies while offering fast and affordable transaction processing, unlike other coins.
LUNA has a stockpile of 1 billion tokens. If this number is exceeded, LUNA tokens will be burned until they return to the equilibrium supply level. After that, new LUNA tokens are minted through the protocol algorithm with the required amount to maintain the price of the Terra stable coin.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Price
LUNA was first made available for investors to purchase in private token sales on some major exchanges. The sale ended in August 2018, and Terra managed to raise 32 million USD.
On August 2, 2019, the price of Terra was $1.34. Then the price in August reached $1.40. In 2020, Terra Protocol’s DeFi and stable coin projects launched LUNA’s market cap to 200 million USD.
At the time of writing, as of April 2022, the current price of Terra to USD was around $81.40. In addition, LUNA has become one of the most popular crypto assets in the past months. This crypto asset has returned more than 60 percent of investors’ profits.
Many crypto experts find Terra (LUNA) very attractive because of its great potential as a medium of exchange and payment. It has entered the top 10 leading cryptocurrencies by market cap.
Prediction states that the value of LUNA in 2023 may gradually decline after an upward trend in 2022. Still, from the same source, the forecast of LUNA prices in mid-2022 could reach $170. The minimum projected value of Terra could be $131.15 at the end of this year.
Of course, it’s not too late to buy and start investing in Terra in 2022. The experts predict that the price of Terra (LUNA) and other cryptocurrencies will continue to grow with profitable rewards.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Why should you buy Terra with PayPal?
If you wonder why PayPal is a go-to option for purchasing Terra (LUNA), we will try to demonstrate it in the next few paragraphs.
Withdraw and deposit money quickly
One of the reasons you should choose PayPal to purchase Terra is that the deposits are instantly transferred. This is very important, especially for the market where everything changes quickly. Having the option to deposit your money instantly can mean the difference between huge gains and a missed opportunity. Not only are deposits fast, but withdrawals too. You can withdraw the money within a working day.
Security
PayPal is regularly used by thousands of people worldwide because of its security. Their security includes both two-step login and end-to-end encryption contributing to the overall user experience. In addition, you get notified on every change of the account, making it very difficult for hackers to do harm or maybe steal your account.
User-friendliness
Generally, users like it when there are no complicated steps needed to take when purchasing goods online. PayPal has done its homework, and it is incredibly easy to link PayPal with the account. For example, if you need to connect your PayPal with eToro, you can do so within a few seconds and make deposits instantly.
Mobile app
Purchasing cryptos or other things with PayPal is a piece of cake. Not only are you able to make those transactions on your computer, but on the go. So, for example, if you decide to invest your money and buy Terra, you can use the PayPal app and make your transactions from any place in the world.
Multiple currencies
Making transactions and online payments is fairly flexible with PayPal. You can choose from 25 currencies available, and thus you are not required to pay always with the same currency. Therefore, it is understandable why millions of people use PayPal instead of other payment processors for their transactions.
In case you receive a payment in one currency. Still, you can choose to receive the money in the desired currency within seconds, making your life a lot easier.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to buy Terra with PayPal
Are you interested in investing in the Terra (LUNA), but you don’t know where to buy it? Please refer to the most popular marketplaces below.
- eToro
- Binance
- Crypto.com
eToro
eToro is one of the favorite places to buy crypto on the market, and we recommend it if you want to buy Terra with PayPal. Why? Well, one of the reasons why it is the top choice is because of its safety. Whatever you buy on eToro, you will always be sure that you will be protected to the fullest.
eToro platform users can purchase Terra with PayPal at very low fees, certainly another great thing. Once you open a trade, you don’t need to pay any transaction fees. The traders must pay on both sides only the cost of the spread. In addition, placing deposits doesn’t cost anything, and the minimum for newcomers is set at $50!
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance
Another recommended option when purchasing Terra or any other crypto with PayPal is Binance. It is one of the largest platforms with more than 500 assets to choose from when you want to invest in cryptocurrency exchange. Moreover, every time the transaction is made, users need to pay only the transaction fee of 0.1%. However, if you want to make it lower, you can buy the native coin of Binance BNB.
Binance offers a very good trading environment to the users giving an option to the users to bet the crypto holdings by using “Binance Earn additionally”. When it comes to security, + users are enabled to store their coins safely. For those who like to invest and trade NFTs, Binance allows users to purchase NFTs.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Crypto.com
Crypto.com is a major cryptocurrency exchange that supports a variety of crypto assets and blockchain-related products. Users can buy, trade, and sell an extensive list of cryptos on this platform with low trading fees.
You will always feel safe on Crypto.com because they use various security measures, including multi-factor authentication (MFA) and whitelisting, to ensure that their users’ privacy never gets ruined.
Besides coins, people can also buy from various categories such as art, gaming, sports, music, and more. Each NFT can be bought for a fixed price or through an auction. In contrast to many other NFT marketplaces, Crypto.com NFTs can be purchased instantly using a credit or debit card.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is the best crypto to buy in 2022
If you are indecisive about which crypto to buy and invest in the future, we recommend you to check out Lucky Block (LBlock).
Comparing Lucky Block to the traditional lottery, we notice that the traditional lottery bodies often kept a large percentage of collected ticket proceeds. The funds were not distributed to winning players, and players were getting a bad deal.
On the contrary, Lucky Block brought more favorable odds to the lottery players by allocating a significantly higher proportion of collected proceeds to jackpot prizes.
Currently, there is a high demand for LBlock, indicating that this digital asset can be a crypto-to-go bringing a high return on investment in 2022. In addition, LBlock tokens are fairly cheap and affordable for almost any budget, where for an investment of just $1,000, you would get more than 4.5 million LBlock tokens
As a result, Lucky Block is a cheap cryptocurrency with huge upside potential.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy Terra Luna – Tutorial
Now that you know where to buy Terra Luna, it’s time to get started. We’ll walk you through the process of buying Luna at eToro, our top-rated exchange for 2022.
Step 1: Open an eToro Account
Head to eToro’s website and click Join Now to sign up for a new exchange account. Enter your email and select a username and password. Then fill in details like your name, address, and phone number. You will also need to upload a copy of your driver’s license or passport to verify your identity.
Step 2: Deposit Funds
eToro requires a minimum deposit of $10 for UK and US residents. You can make a deposit by credit card, debit card, PayPal, Neteller, Skrill, or bank transfer. However, keep in mind that when depositing via bank transfer the minimum deposit becomes $500. eToro does not charge deposit fees.
Step 3: Search for Terra Luna
Head to your eToro dashboard and enter LUNA in the search box. When Terra Luna appears, click Trade to open a new order form.
Step 4: Buy Terra Luna
Enter the amount of Luna coin you want to purchase in US dollars. You can opt to set a stop loss or take profit level for your trade, or leave these blank if you are investing in Luna for the long-term. When you’re ready, click Open Trade to complete your purchase.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Conclusion
There are many ways you can go about when investing in crypto, in this case Terra. Therefore, you have the freedom to choose which payment processor to use. However, the crypto world and trading is very versatile and prices can go rapidly up or down. Thus, you need to make sure that you choose the quickest, the most secure and reliable option. As a result, this article showed you all the pros of the Terra crypto, price prediction and how you can buy it with PayPal.