Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy Terra (LUNA) on LBank
Learn how to buy Terra (LUNA) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy LUNA on LBank
How to Buy LUNA on LBank: Payment Methods Overview
Explore the available payment methods for buying LUNA on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy LUNA.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying Terra (LUNA) on LBank?
Check the preparations required before buying Terra (LUNA) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy LUNA with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy Terra on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Terra. LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for Terra on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Terra.
LBank supports multiple payment methods
You can use the following payment methods to purchase Terra on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Terra you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
FA Fast_Trader_MY 826 min | 100% | 0.999 USD | 8.03 USDT 5.000 - 8.021USD | Bank Transfer | |
MY MYR_ DUITNOW_MYR 926 min | 100% | 1.000 USD | 1529.99 USDT 100.000 - 1529.990USD | Bank Transfer | |
IC ice trader fast 1195 min | 100% | 1.000 USD | 191.92 USDT 5.000 - 191.920USD | Bank Transfer |
What is Terra (LUNA)?
Terra (LUNA) was a crypto project that aimed to create a blockchain-based payment system using algorithmic stablecoins. The project was launched in 2018 by Terraform Labs, co-founded by Do Kwon and Daniel Shin. Terra's design centered around a two-token system: Terra stablecoins (like TerraUSD or UST, pegged to the U.S. dollar) and LUNA. LUNA served several key functions within the Terra ecosystem. It was the native cryptocurrency used for transaction fees, a governance token allowing holders to vote on proposals, and a mechanism to absorb price volatility from the Terra stablecoins. The stablecoins, such as UST, were not backed by traditional assets like U.S. dollars. Instead, they were designed to maintain their peg through a "burn and mint equilibrium" model, where LUNA was used to stabilize the value of the Terra stablecoins. The Terra blockchain used a proof-of-stake consensus mechanism. The ecosystem included decentralized applications (dApps) like Anchor Protocol for lending and borrowing, and Mirror Protocol for creating synthetic assets. In May 2022, the Terra ecosystem experienced a significant collapse when TerraUSD (UST) lost its peg to the U.S. dollar. This event led to a substantial devaluation of both UST and LUNA, and the Terra blockchain was temporarily halted. Following this collapse, a new blockchain was launched, referred to as Terra 2.0, with a new LUNA token. The original blockchain and token were renamed Terra Classic (LUNC) and LUNA Classic (LUNC), respectively. Terraform Labs filed for bankruptcy in January 2024. The current Terra (LUNA) is a Cosmos-based smart contract platform focused on rebuilding a decentralized application ecosystem without an algorithmic stablecoin at its core. Learn more
Is Terra (LUNA) a good investment?
Whether Terra (LUNA) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in Terra (LUNA) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying LUNA on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
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Date
2026-05-27
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What can you do with Terra (LUNA)?
Investment
Buy and hold Terra (LUNA), expecting its value to increase over time.
Trade
Actively trade Terra (LUNA) on LBank to profit from price fluctuations.
Pay
Use Terra (LUNA) to pay for goods and services where accepted.
Why is LBank the best platform to buy Terra (LUNA)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Terra (LUNA).
Competitive fees
LBank provides competitive trading fees for Terra (LUNA).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Terra (LUNA).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Terra (LUNA) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Terra (LUNA) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying LUNA, what is the best way to store it?
After buying LUNA, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
News section
MoreEx-Hodlnaut CEO faces 6 fraud charges over Terra claims
Singapore police charged former Hodlnaut CEO Zhu Juntao with six fraud counts tied to UST claims.Police said the alleged statements denied direct UST exposure and losses after Terra’s 2022 crash.Related reports show Hodlnaut previously faced claims of $190 million in UST-linked losses.
2026-05-26
Jane Street asks court to dismiss Terraform Labs' insider trading lawsuit
Terraform Labs accused Jane Street of precipitating the collapse of the UST/LUNA algorithmic stablecoin through insider trading and market manipulation.The quant firm argues the lawsuit is an attempt to shift blame for a fraud that has already been prosecuted.
2026-04-24
Terra-born Leap Wallet exits crypto market by May 28
Leap Wallet will shut down its apps, web platform, exchange tool, and validator service by May 28.Users can still access assets through another wallet using their recovery phrase or private key.Leap began in Terra and expanded into Cosmos after the 2022 collapse changed its path.
2026-04-04
Cosmos ecosystem's Leap Wallet is shutting down
Leap was launched in late 2021 with a $50,000 grant from Terraform Labs, the no-longer-operating R&D firm behind the TerraUSD.After the collapse of Terra, Leap pivoted to become an ecosystem wallet for Cosmos chains.
2026-04-04
Learn more about Terra (LUNA)
MoreTerra (LUNA) FAQ
Terra was a blockchain platform designed for decentralized finance, featuring algorithmic stablecoins. LUNA was its native cryptocurrency, used for transaction fees, governance, and critically, to maintain the price peg of its stablecoins. TerraUSD (UST) was Terra's algorithmic stablecoin, intended to hold a 1:1 peg with the US dollar. Its stability mechanism involved swapping UST for LUNA and vice versa; burning one asset to mint the other, without direct fiat currency reserves.
The Terra (LUNA) ecosystem collapsed in May 2022 following the de-pegging of its algorithmic stablecoin, UST. This 'death spiral' began when a significant amount of UST was unstaked and liquidated, causing its price to drop. As UST fell, attempts to arbitrage by swapping UST for LUNA led to the massive minting of new LUNA tokens, causing hyperinflation and a severe price crash for LUNA. This removed the backing for UST, leading both to near-zero values. Contributing factors included the inherent fragility of the algorithmic design, high yields offered by Anchor Protocol, and insufficient reserves from the Luna Foundation Guard.
The Terra (LUNA) crash had profound consequences. It resulted in substantial financial losses for numerous investors. The event sent shockwaves throughout the broader cryptocurrency market, contributing to a widespread market downturn and affecting other major digital assets. Regulators globally responded with increased scrutiny on stablecoins and the wider crypto industry, calling for more robust oversight. Additionally, the situation led to legal actions, including an arrest warrant for a co-founder on charges related to market law violations.
Following the collapse of the original Terra chain, now referred to as Terra Classic, a new Terra chain (Terra 2.0) was launched. This new chain introduced a new LUNA token, while the original LUNA token was rebranded as LUNC (Luna Classic). Airdrops of the new LUNA were distributed to existing holders of the Terra Classic chain, based on snapshots taken before and after the de-peg event. The new Terra chain primarily uses LUNA for staking, governance, purchasing digital art, and paying transaction fees.
Yes, users can still engage in staking activities for both LUNC and the new LUNA. Staking for LUNC can be performed on Terra Station. Similarly, the new LUNA is also stakeable on Terra Station. Staking involves delegating tokens to validators, which are entities responsible for processing transactions and securing the network. In return for supporting the network's operations and security, stakers receive rewards, typically in the form of transaction fees generated within the ecosystem.
Terra Station serves as the official wallet and interface for the Terra blockchain ecosystem. It enables users to perform various essential functions. Through Terra Station, individuals can securely create new digital wallets or connect to their existing ones. It facilitates the management of cryptocurrency funds within the Terra ecosystem. Moreover, Terra Station allows users to actively participate in key network functions, such as staking their tokens to contribute to network security and engaging in governance proposals to influence the blockchain's future development and direction.
Convert Terra (LUNA) into other assets
After purchasing Terra (LUNA), you can trade it for fiat currencies or other cryptocurrencies. LBank offers over 200 Terra (LUNA) trading pairs, making it easy to enter and exit the market.
